Philippine Economy Talk

[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]

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Data from the Bangko Sentral ng Pilipinas showed that $201.12 million in cash were withdrawn by overseas fund managers from the local equity, bond and money markets in the third week of February 2018.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)

[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

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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

[A121]

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

But for how long? I am worried about their stance.

[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.

Sent from my SM-N950F using Tapatalk

[uls]

But for how long? I am worried about their stance.

i think they should move this month with inflation already above target

but i'm thinking they're cautious

they're thinking this rising inflation is temporary and will fall back within range

they'll probably wait for another inflation report for confirmation

[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.

Sent from my SM-N950F using Tapatalk

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.