A Remittance Dependent Pinoy Economy

**ghosthunter** · November 18th, 2008 10:19 AM

Originally Posted by uls

Eaton? ung kay Lucio Tan? Baket daw?

Major (as in really massive) losses in stock investments.

I think it was in the news over the past weekend.

**uls** · November 18th, 2008 10:45 AM

a ok.

didnt catch that

what i heard is a number of rich locals suffered massive losses in stock investments abroad.

**tidus1203** · November 18th, 2008 10:55 AM

Kasi di marunong mag short sell eh puro buy and hold kasi sila eh kaya ayun nasunog

**uls** · November 18th, 2008 11:16 AM

hehe

o nge e

they don't short stocks to zero and buy credit default swaps on the company they are shorting

**Galactus** · November 18th, 2008 12:32 PM

Quote:
Originally Posted by uls
Eaton? ung kay Lucio Tan? Baket daw?

Major (as in really massive) losses in stock investments.

I think it was in the news over the past weekend.

Eton or Eaton? If its the former, then yun nga yung kay Lucio Tan. Never heard of the latter before.

Hmmm, publicly-listed ang Eton ah, they should have made a disclosure sa PSE. Stockholders ought to know that kind of info as it will affect the company's bottomline.

Parang wala rin akong nabalitaang ganyan. Baka rumor lang. Which makes me think twice about their project sa Quezon Avenue cor. Edsa. Kaya pala parang ang bagal ng development, hehehe. Buti na lang, sa Megaworld (Manhattan Garden) ako nag-invest.

**jpdm** · November 19th, 2008 05:47 PM

Originally Posted by Galactus

Eton or Eaton? If its the former, then yun nga yung kay Lucio Tan. Never heard of the latter before.

Hmmm, publicly-listed ang Eton ah, they should have made a disclosure sa PSE. Stockholders ought to know that kind of info as it will affect the company's bottomline.

Parang wala rin akong nabalitaang ganyan. Baka rumor lang. Which makes me think twice about their project sa Quezon Avenue cor. Edsa. Kaya pala parang ang bagal ng development, hehehe. Buti na lang, sa Megaworld (Manhattan Garden) ako nag-invest.

Actually, the profit of Lucio Tan's flagship bank, PNB-Allied Bank went down due to the financial crisis.

Anyway, remittances are still pouring in, and PNB-Allied is still cashing in on this segment.

**True Faith** · November 20th, 2008 08:08 AM

Originally Posted by jpdm

Actually, the profit of Lucio Tan's flagship bank, PNB-Allied Bank went down due to the financial crisis.

Anyway, remittances are still pouring in, and PNB-Allied is still cashing in on this segment.

Yup, and even PAL is losing money also....

**jpdm** · November 20th, 2008 06:52 PM

Philippine Star

OFW inflows, resilient banking sector shielding RP from fallout

By Zinnia B. Dela Peña
Updated November 20, 2008 12:00 AM

The Philippines has not been spared from the effects of the global economic turmoil that has spread to European and Asian markets but a resilient banking system, [SIZE=3]remittances from an estimated 11 million overseas Filipinos,[/SIZE] and an improved liquidity position will give it enough strength to withstand the crisis, a top central bank official said.

Gunigundo said [SIZE=3]OFW remittances will continue to prop up the economy despite the global economic downturn[/SIZE]. Remittances are estimated to grow from $14.7 billion last year to around $16 billion this year.
The Philippines is the world’s fourth largest source of migrant workers after China, India and Mexico.

Buti na lang may OFW, pero hanggang kailan tayo nakaasa sa kanila?

**Gen. Miting** · November 21st, 2008 04:51 AM

Originally Posted by Galactus

Eton or Eaton? If its the former, then yun nga yung kay Lucio Tan. Never heard of the latter before.

Hmmm, publicly-listed ang Eton ah, they should have made a disclosure sa PSE. Stockholders ought to know that kind of info as it will affect the company's bottomline.

Parang wala rin akong nabalitaang ganyan. Baka rumor lang. Which makes me think twice about their project sa Quezon Avenue cor. Edsa. Kaya pala parang ang bagal ng development, hehehe. Buti na lang, sa Megaworld (Manhattan Garden) ako nag-invest.

ok yan Manhattan Garden Megaworld sa cubao. two train stations: MRT + LRT plus bus terminal on the edsa side and jeepney terminal on the aurora side. and of course, the famous Farmers market. 15-20 min. nasa divisoria ka na.

galing mo bro, good investment.

yun mga ibang tao kasi ngaun lalo na mga old classmates ko, pag sinasabi ko kita naman tayo sa gateway cubao. ang isasagot ba naman sa'kin, bakit dun, hindi madaming snatcher dun. diba puwede sa serendra or eastwood na lang. oh well, yan kasi reputation ng cubao. if only they knew the opportunity in that area ngaun. kung may pambili lang ako, bibili ako ng condo dyan sa manhattan garden.

**Gen. Miting** · November 21st, 2008 05:16 AM

Originally Posted by jpdm

Buti na lang may OFW, pero hanggang kailan tayo nakaasa sa kanila?

hanggang hindi siguro sila ma-layoff if their respective companies dont downsize during the global crisis.

pero i doubt if they will be laid off. karamihan sa kanila nasa middle east where the bulk of the American money is right now.

ang kinakabahan ako ay yun mga nasa Singapore and HK. nowadays, investors seem to be disregarding the status of nation kung may good business policies or corrupt policies. usually, HK and Singapore are priorities kasi nga good business environment dun. but of course, it comes with a price, mahal ang labor dun.

sa investors who want to maximize all profits in these cash-strapped times, the Philippines, India and other 3rd world developing can be apples of their eyes.

kaya nga hindi ako agree kay *uls na our present populist policies will drive investors away. kung noon good times puwede pa pero ngaun, i think otherwise ...

kung ikaw meron ka gustong-gusto makuha corner lot mall space na sigurado kikita ka ng pera kasi lakaran ng tao yun, who will you pray for na ma-meet mo sana?

a lessor who will enforce the zoning policies by the book or a lessor who has a price to get you in that lucrative mall spot