Philippine Economy Talk

[minicarph]

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

I read the entire book of Trump. Its called the Art of The Deal. Trump plays the long game, or probably the long bluff game.

Ang problema kasi sa mga dilaw, panic kagad whenever there are negative news. and then they tend to magnify it pa. ang hindi nila alam they are the their own source of economic sabotage.

Trump is one of the most unique leaders na nabasa ko talaga. in fact, he can compared to other great leaders of the past. pag reklamador ka, quitter ka, bagsak ka. you are your own downfall.

Pero actually this is how Trump filters people. how he separates the weak from the strong, so that the strong can be stronger. so for those of you who think that the economy will fall. It will fall not because of the economy in general, it will fall because of your attitude. and guess what, sa field nyo lang mag-fall. That is how nature filters the weak from the strong.

actually ang galing ng ating Presidente, and thats why Trump respects him. He played both sides, actually so many sides that instead of us being always the underdog, suddenly all our neighbors are wooing us, including the USA hhihi

[dreamur]

You can google all you want uls but the reality remains that investors are pulling out from the PH market because of unstable fiscal policies. But of course you wont admit that.

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[minicarph]

You can google all you want uls but the reality remains that investors are pulling out from the PH market because of unstable fiscal policies. But of course you wont admit that.

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dream lahat bullish sa economy ngaun even sa nearby provinces. I go out Friday and Saturday, with Friday mostly in Ortigas, and Saturday in BGC, and people have lots of money spend. so many new sprouting businesses to, pero usually mga maliliit lang muna. there's too much creativity and energy, more particularly emanating from the younger millenial gen.

wag mo na kasi samahan mga kasing tanda mo, kasi talaga sa bahay na lang sila reading or watching the news. It's the age gap and some how it's showing the illusion that is the world but it's not . I tell you

I can startup 5 business ngaun na sa tingen ko maging feasible in the next years to come. hiwalayan mo na kasi ang yellow army. they are now the prophets of doom or in America, they are the or the naysayers coincidentally, in American the naysayers today are the future homeless.

puro kasi kayo macroeconomics, think microeconomics. the only way to observer micro, is to be right there in the dead center, not the passive informing yourself from charts and news.

[dreamur]

OB, apparently you are only looking at the local business condition. Here's a macroeconomic view - I belong to an industry contributing $30B a year revenue and employing 4M filipinos. That is $4B in corporate taxes and another $3B in personal income tax. Let us just assume 10% will close shops because of unfriendly tax environment. That is half a billion dollars that will drain out of the reserves. Do you think China and Russia will subsidize?

Here is a micro view - my company employs 3000 heads. Multiplier is 4 to a family so that is 12,000 mouth to feed. If the head office will decide to move operations somewhere else, do you think the duterte kitchen will feed the 12000?

Meantime, the company will offer golden parachutes to the executives. Thank you digong! And I will give a middle finger salute to the employees who are given free access to social media using company resources only to insult the motherland of the company that put food on their table and send their kids to school. Yes, I know who they are because I can read what they are posting on their walls but we tolerate it because we value freedom of expression and encourage open discussion.

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[minicarph]

OB, apparently you are only looking at the local business condition. Here's a macroeconomic view - I belong to an industry contributing $30B a year revenue and employing 4M filipinos. That is $4B in corporate taxes and another $3B in personal income tax. Let us just assume 10% will close shops because of unfriendly tax environment. That is half a billion dollars that will drain out of the reserves. Do you think China and Russia will subsidize?

Here is a micro view - my company employs 3000 heads. Multiplier is 4 to a family so that is 12,000 mouth to feed. If the head office will decide to move operations somewhere else, do you think the duterte kitchen will feed the 12000?

Meantime, the company will offer golden parachutes to the executives. Thank you digong! And I will give a middle finger salute to the employees who are given free access to social media using company resources only to insult the motherland of the company that put food on their table and send their kids to school. Yes, I know who they are because I can read what they are posting on their walls but we tolerate it because we value freedom of expression and encourage open discussion.

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i have always blamed big corporations as the real source of inflation. for me, I think there are more people sitting in the office from 8am-6pm trying to find the answers in the computer. and yet they are paid more than the average manual laborer.

so from what I can see sa example, the economy will correct itself. many will be laid off because of redundant jobs. too many analysts. so im sorry dream pero its not me, its not myPres who is to blame for this. it's the wrong direction that the system went from y2k to present.

alam who's to blame? the millennials. their tastes and their wants are not what these executives are producing for them. so good luck executives.

[stayhungry]

I remember chatting up a couple of BPO execs during the campaign season who said their respective companies will think of moving out if digong wins. They also said they will leave the country.

Closing in on 2 years now, they're still here. They also opened up more sites. And they haven't mentioned leaving in that time span.

*shrug* just calling it as I see it



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Stay hungry. Stay humble.

[A121]

I remember chatting up a couple of BPO execs during the campaign season who said their respective companies will think of moving out if digong wins. They also said they will leave the country.

Closing in on 2 years now, they're still here. They also opened up more sites. And they haven't mentioned leaving in that time span.

*shrug* just calling it as I see it



------------------------------------------
Stay hungry. Stay humble.

I think we are still cheaper than having to have the business move back to say HK, SG or even migrate the process to India.

Ang susunod na lang na tanong is if our labor pool can bring in high value processes.

[dreamur]

I think we are still cheaper than having to have the business move back to say HK, SG or even migrate the process to India.

Ang susunod na lang na tanong is if our labor pool can bring in high value processes.

2 countries come to mind - Vietnam and Indonesia.

India is already siphoning tbe IT support.

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[A121]

2 countries come to mind - Vietnam and Indonesia.

India is already siphoning tbe IT support.

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Malaki sakop at maraming processes ang IT. Depende sa needs ng kumpanya kung saan nya ibibigay yung business processes.

As long as the talent pool improves, we have little to worry about.

[chronicle]

^
That might change if the peza benefits will be removed on the next train tax law.

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[dreamur]

I remember chatting up a couple of BPO execs during the campaign season who said their respective companies will think of moving out if digong wins. They also said they will leave the country.

Closing in on 2 years now, they're still here. They also opened up more sites. And they haven't mentioned leaving in that time span.

*shrug* just calling it as I see it



------------------------------------------
Stay hungry. Stay humble.

^
That might change if the peza benefits will be removed on the next train tax law.

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TRAIN2 is up for approval which could cost the PEZA companies an additional tax of 50% to 200%, depending on the typenof operations. There is also the possibility of the VAT to be levied on these companies and that is added administration and man-hours to the company, plus there is low probability of refund. Most BPOs enter a lease of 5 years and SLAs at an average of 2 years. Executives do not bluff when it comes to strategic planning. 1 example is Intel. Companies will cut back on cost and discretionary benefits if they choose not to move their operations elsewhere. Not trying to be a doomsayer but it will be the low level employees who will suffer.

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[shadow]

I'm thinking because they still have contractual obligation with their existing clients Kaya hinde pa sila maka move out. But question is are there any new clients na gusto dito sa PH ilagay yun process nila?


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[dreamur]

I'm thinking because they still have contractual obligation with their existing clients Kaya hinde pa sila maka move out. But question is are there any new clients na gusto dito sa PH ilagay yun process nila?


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Spot on...

Too short

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[chronicle]

I'm thinking because they still have contractual obligation with their existing clients Kaya hinde pa sila maka move out. But question is are there any new clients na gusto dito sa PH ilagay yun process nila?


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Add to that the initial investment. Building lease for x years. If the exodus will happen, it would probably be done by increments where no one will notice it.

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[stayhungry]

Add to that the initial investment. Building lease for x years. If the exodus will happen, it would probably be done by increments where no one will notice it.

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Maybe by the time the lease is up, the term of digong will be about done too then they'll share a couple more beers with me and they'd have to wait and see again who will be the new face in the chair

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Oooooor he stays in power indefinitely assuming we adopt a parliamentary Fed form of government.

Either way, BPOs will make a decision on what makes business sense to them. Even if policies or decisions or speeches hit them, if the bottom line here is still greener than anywhere else in the world, I'm thinking they stay.

It's all about the money. It's all about the dum dum dee dee dum dum.


------------------------------------------
Stay hungry. Stay humble.

[chronicle]

Maybe by the time the lease is up, the term of digong will be about done too then they'll share a couple more beers with me and they'd have to wait and see again who will be the new face in the chair

.
.
.
.
.
.
.
.
.
.

Oooooor he stays in power indefinitely assuming we adopt a parliamentary Fed form of government.

Either way, BPOs will make a decision on what makes business sense to them. Even if policies or decisions or speeches hit them, if the bottom line here is still greener than anywhere else in the world, I'm thinking they stay.

It's all about the money. It's all about the dum dum dee dee dum dum.


------------------------------------------
Stay hungry. Stay humble.

Too many uncertainty is what scares an investor. Let's see if the bpo industry will start to contract.

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[falken]

Too many uncertainty is what scares an investor. Let's see if the bpo industry will start to contract.

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True, investors want stability. Not policies that change from one administration to the next.

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[dreamur]

^i like your positivity bro. I will drink to that.

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[stayhungry]

In other news

Philippines tops 2018 Women in Business survey


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Stay hungry. Stay humble.

[StockEngine]

i need that book in my library [emoji848]

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