Philippine Economy Talk

**uls** · May 24th, 2020 11:58 AM

somebody told me surviving 2020 is now the goal

SURVIVING

forget about your December 2019 goal of making more money in 2020

If your business survives 2020 profit na yan

**Lin Dan** · May 24th, 2020 12:57 PM

Originally Posted by uls

now think about how malls can survive

halos lahat ng tenant sa mall either resto o apparel

in this environment there's no way they can afford rent

Normally, the malls would “renegotiate” the rental fees if they still want to keep their tenants.

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**shadow** · May 24th, 2020 12:11 PM

Nabasa ko pala sa mga meron loans sa banks, yes extended nga ang amortization pero you still need to pay the accrued interests. Diba dapat waived na rin interest.

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**jut703** · May 24th, 2020 12:28 PM

Originally Posted by shadow

Nabasa ko pala sa mga meron loans sa banks, yes extended nga ang amortization pero you still need to pay the accrued interests. Diba dapat waived na rin interest.

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Good thing you pointed it out. Read the fine print of my loan - tuloy nga ang interest. Will call them on Tuesday to just deduct everything kaysa tumaas pa interest. 2 months na kong hindi chinacharge eh.

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**shadow** · May 24th, 2020 12:42 PM

Originally Posted by jut703

Good thing you pointed it out. Read the fine print of my loan - tuloy nga ang interest. Will call them on Tuesday to just deduct everything kaysa tumaas pa interest. 2 months na kong hindi chinacharge eh.

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Dapat waived na rin yun.

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**dreamur** · May 24th, 2020 12:38 PM

Originally Posted by shadow

Nabasa ko pala sa mga meron loans sa banks, yes extended nga ang amortization pero you still need to pay the accrued interests. Diba dapat waived na rin interest.

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I think interest is still due but penalties are waived.

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**shadow** · May 24th, 2020 12:53 PM

Originally Posted by dreamur

I think interest is still due but penalties are waived.

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So paano yun mga auto debit or PDC? Pag pinasok nila yun monthly amortization plus accrued interest pa? S

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**jut703** · May 24th, 2020 02:49 PM

Was in The 30th yesterday. Wala talagang tao parang ECQ lang din. Wala na ngang tao when the economy was ok, paano pa ngayon.

Unfortunately ilang milyong negosyante muna malulugi at maghihirap bago tamaan mga tycoon.

I've never heard of anyone from the Forbes Top 100 Filipinos (kahit gawin mo pa siguro top 10,000) na nung nalugi negosyo naging middle class nalang. Meron at merong backup yan. Kung malugi negosyo may koneksyon pa rin to start up some new business.

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**_Cathy_** · May 24th, 2020 03:18 PM

Originally Posted by jut703

Was in The 30th yesterday. Wala talagang tao parang ECQ lang din. Wala na ngang tao when the economy was ok, paano pa ngayon.

Unfortunately ilang milyong negosyante muna malulugi at maghihirap bago tamaan mga tycoon.

I've never heard of anyone from the Forbes Top 100 Filipinos (kahit gawin mo pa siguro top 10,000) na nung nalugi negosyo naging middle class nalang. Meron at merong backup yan. Kung malugi negosyo may koneksyon pa rin to start up some new business.

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10,000 marami din "naghihirap" even before the ECQ. Off the top of my head, I know 3 who moved from 9 digit worth houses (I would classify that as rich) into less expensive areas. Recently, my Mom's HS classmate who lives in a 1,000+ square meter house in Makati, the mother died, siblings decided to sell the family home and her portion was only enough to buy a condo near the old home. Hindi rin safe mga mayayaman, unless nga top 1000 or tycoon level...

**jut703** · May 24th, 2020 03:20 PM

Originally Posted by _Cathy_

10,000 marami din "naghihirap" even before the ECQ. Off the top of my head, I know 3 who moved from 9 digit worth houses (I would classify that as rich) into less expensive areas. Recently, my Mom's HS classmate who lives in a 1,000+ square meter house in Makati, the mother died, siblings decided to sell the family home and her portion was only enough to buy a condo near the old home. Hindi rin safe mga mayayaman, unless nga top 1000 or tycoon level...

Yes merong mga significantly natamaan. But if you had 500M and you lost 99% of all your money you'd still have 5M and that is still far, far more than what the average Filipino has.

Boohoo had to move out of Forbes to live in an Avida condo. Millions will never even be able to afford an Avida condo, even if they work hard for 30 years.

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