Philippine Economy Talk

[Ketib]

Wait until the 2nd tax package is introduced and watch the exodus.

But I understand where you are coming from so just keep the faith.

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At akoy naniniwala na kahit sinu kapang magaling na trabahante, pag ikaw ay aalis maraming gustong pumalit sa posisyon mo. May aalis at may darating.

Dream, kahit saang lupalop man aku galing ng Pinas, hindi ko tinuturo sa mga anak kung gawing target paper kung sinu man ang nakaupo gobyerno. What i teach them "Support at Pray for the government".



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[dreamur]

At akoy naniniwala na kahit sinu kapang magaling na trabahante, pag ikaw ay aalis maraming gustong pumalit sa posisyon mo. May aalis at may darating.

Dream, kahit saang lupalop man aku galing ng Pinas, hindi ko tinuturo sa mga anak kung gawing target paper kung sinu man ang nakaupo gobyerno. What i teach them "Support at Pray for the government".



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Bro, support? No question that is why we are paying taxes. Pray is entirely a different story. Can you share with us a typical prayer for the president?

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[dreamur]

And more....

‘Hot money’ leaves PH | Inquirer Business

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[uls]

somebody linked this:

‘Hot money’ leaves PH | Inquirer Business

Funds invested in local equity, bond and money markets continued to flow out of the country in the third week of February, accelerating a trend that reversed the net inflows of so-called “hot money” that was recorded in the first month of the year.

Data from the Bangko Sentral ng Pilipinas showed that $201.12 million in cash were withdrawn by overseas fund managers from the local equity, bond and money markets in the third week of February 2018. This followed “hot money” repatriations in the first and second weeks of the month with a net amount of $59.95 million and $159.21 million.

hindi lang Pinas ang may foreign fund outflow noong Feb



(chart posted Feb 13)

[stayhungry]

February inflation seen hitting 4.1% as ‘sin’ product prices shoot up | BusinessMirror

"While the 4.1 percent forecast may seem to have breached the higher end of the inflation-target range, it is largely on account of the price increase of sin products. These are nonessential and are even harmful products,

Food and nonfood commodities alike see their respective rate of price increase relatively unchanged, while those of sin products may have likely accelerated. The latter may be explained partly by price increase due to sin tax hikes and partly by the appropriate price adjustments of Mighty Corp. "

[emoji57]


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Stay hungry. Stay humble.

[uls]

February inflation seen hitting 4.1% as ‘sin’ product prices shoot up | BusinessMirror

"While the 4.1 percent forecast may seem to have breached the higher end of the inflation-target range, it is largely on account of the price increase of sin products. These are nonessential and are even harmful products,

Food and nonfood commodities alike see their respective rate of price increase relatively unchanged, while those of sin products may have likely accelerated. The latter may be explained partly by price increase due to sin tax hikes and partly by the appropriate price adjustments of Mighty Corp. "

[emoji57]


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Stay hungry. Stay humble.

inflation now above BSP target

i see rate hike this month

if no rate hike, they still have to do something

[uls]

tomorrow we'll see forex reserves data

that'll give us an idea how much BSP spent to defend the peso from further weakness

[uls]

thanks B for this chart

it shows Jan & Feb foreign fund flows in 7 Asian stock markets





Inflow into PH in January was responsible for PSEI 9000

--

Compared to other Asian stock markets, inflow into PH was quite pathetic

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in Feb, US 10Y yield broke above 2.7% which i thought was a big deal

(as US yields rise, there's less incentive for funds to chase yield abroad)

that's when foreign funds cashed in their chips

[uls]

BSP rate hike should support the peso

but...

with concern over a global trade war

the BSP could stay on hold

which is why despite a very weak dollar

USDPHP is 52 now

[dreamur]

I am getting substantial returns from the USD. I like this president already.

I wonder how the importers are preparing for their next payment tranche. Are they hedging?

Good luck.

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[Wh1stl3r]

I am getting substantial returns from the USD. I like this president already.

I wonder how the importers are preparing for their next payment tranche. Are they hedging?

Good luck.

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Manlibre ka naman sa aming mga Php earners bro. My friend who's earning in SGD is also raking it in. PHP 39.54/SGD. When he started IIRC it was PHP 32.xx/SGD. Whew! Inflation, here we come.

[dreamur]

Manlibre ka naman sa aming mga Php earners bro. My friend who's earning in SGD is also raking it in. PHP 39.54/SGD. When he started IIRC it was PHP 32.xx/SGD. Whew! Inflation, here we come.

Hehe...PHP earner din ako bro. It is more from the personal dollar investments that I started 2 years ago during Pnoy's admin. Biro mo 40'ish pa nun ngayon 52 na! [emoji22][emoji24]

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[Wh1stl3r]

Hehe...PHP earner din ako bro. It is more from the personal dollar investments that I started 2 years ago during Pnoy's admin. Biro mo 40'ish pa nun ngayon 52 na! [emoji22][emoji24]

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Buti ka pa. I have maybe 1k in USD. May trip pa naman kami sa US this year. Mukhang Kmart at Dollar stores ang bagsak namin nito.

IIRC the Euro was at PHP 51-52 when we were in Europe in 2012. Ngayon USD na lang mabibili ng PHP 52.

Might be coincidence, but during Pnoy's time we didn't have a single price increase. We actually had to reduce prices once or twice.

[uls]

during Aquino's term (2010 to 2016) US Fed interest rates were at zero



the financial crisis started in 2007

by Dec 2008 the US central bank had cut interest rates to zero and went on a bond buying program (money printing)

that caused the value of the dollar to drop

that's why the peso was strong during Aquino's term



Aquino had very little or nothing to do with peso strength during his term

nagkataon lang his term happened during the time when the US central bank was printing dollars to infinity

[dreamur]

Buti ka pa. I have maybe 1k in USD. May trip pa naman kami sa US this year. Mukhang Kmart at Dollar stores ang bagsak namin nito.

IIRC the Euro was at PHP 51-52 when we were in Europe in 2012. Ngayon USD na lang mabibili ng PHP 52.

Might be coincidence, but during Pnoy's time we didn't have a single price increase. We actually had to reduce prices once or twice.

Yup...palpak talaga ung abnoy na un :D

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[shadow]

My question is economically, are we better right now or pareho lang during Pnoy's? Alisin na natin yun outside factors. Ok, swerte si pnoy, malas si duts dahil sa Timing. How about yun financial teams nila?




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[uls]

My question is economically, are we better right now or pareho lang during Pnoy's? Alisin na natin yun outside factors. Ok, swerte si pnoy, malas si duts dahil sa Timing. How about yun financial teams nila?




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ok, ask kita shadow,

mas malaki ba ang kita niyo for the full year of 2017?

compared to previous years?

maganda ang 2017 diba?

[shadow]

ok, ask kita shadow,

mas malaki ba ang kita niyo for the full year of 2017?

compared to previous years?

maganda ang 2017 diba?

To be honest, not as bad as we're expecting the most is pareho lang. But that's because Yun nature ng 3 main businesses namin is not really affected by dollar movements. I don't want to get into details here but to put it simply we can take the hit.

But I don't know with others.

PM kita explain lo sayo kung bakit Hinde kami affected.



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[uls]

To be honest, not as bad as we're expecting the most is pareho lang. But that's because Yun nature ng 3 main businesses namin is not really affected by dollar movements. I don't want to get into details here but to put it simply we can take the hit.

But I don't know with others.

PM kita explain lo sayo kung bakit Hinde kami affected.



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Ok

What I actually meant was.... 2017 is the first full year of the du30 admin

I heard quite a number of business people say 2017 was a good year

So I think it was a good year for you too

[uls]

To be honest, not as bad as we're expecting the most is pareho lang. But that's because Yun nature ng 3 main businesses namin is not really affected by dollar movements. I don't want to get into details here but to put it simply we can take the hit.

But I don't know with others.

PM kita explain lo sayo kung bakit Hinde kami affected.



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got your PM

affected kami ng exchange rate coz we import

pero aware ako sa nangyayari sa labas ng bansa -- nagbago ang monetary policy ng US so lumakas ang dollar

kaya di ko sinisisi ang current admin sa paghina ng piso (the same way i don't credit the previous admin for the strong peso)

uninformed people blame du30

specially those biased against him