Philippine Economy Talk

[Monseratto]

Bloomberg - Are you a robot?

September’s weaker-than-expected inflation data hasn’t helped halt an exodus from Philippines shares. Foreign investors pulled out money from the nation’s stocks for a 28th straight session on Monday, breaking the previous record selling spree in June, when the benchmark index entered a bear market. They’ve withdrawn more than $1.6 billion from the market this year as the Philippine Stock Exchange Index has sunk 18 percent, one of the world’s biggest plunges among equity gauges.

[uls]

^^^

Q: what are the most important interest rates in the world?

A: the interest rates at which the US govt borrows

the safest place to park dollars is in US treasuries

so if you're gonna invest your dollars in something else then it better be earning more than US treasuries

but whatever else you're investing in it's definitely riskier than US Treasuries

so as US Treasury yields rise (like what's happening now) it makes investing in something riskier less appealing

[minicarph]

nababadtrip na ako sa pagtaas ng dollar, hinde na muna ako bibile ng iphone XS, bibile na lang muna ako ng bagong GoPro Hero7 sa pasko,

dashcam ko kasi iPhone 5s eh nasira eh, so plano ko gawin existing iPhone ko as my dashcam and get me a new iPhone. pero from the looks of this inflation, mukang GoPro ang gagawin kong dashcam para makatipid

[uls]

a weaker currency doesn't necessarily boost exports

[Monseratto]

How China’s online gambling addiction is reshaping Manila

“May ibang naiilang talaga na empleyado kasi halimbawa diyan sa Makati, POGOs share the building with other companies tapos may mga babaeng nagpapa-***y. 'Yung iba naiilang kasi parang nagiging red light district ang vibes,” the insider said.

(Some employees are uncomfortable, like there in Makati, where POGOs share the building with other companies, then there are women wearing ***y clothes. Some are uncomfortable because they send out a red light district vibe.)

The source was, however, quick to say that it is “all show” and the women on the livestream are not exploited.

[Monseratto]

Dive...Dive...

PSEi at 9:37AM
6,843.53
Down-157.61
Down-2.25▼

[uls]

ispageti pababa nang pababa


PH forex reserves:

Gross international reserves (GIR) level as of end-September 2018 was lower at US$75.16 billion from the end-August 2018 GIR of US$77.93 billion

September Foreign Portfolio Net Outflow at $440.3M

[Monseratto]

Red October is real...heheheh



Red October in Philippine stocks, bleed to 6,800 pts

MANILA, Philippines – Philippine shares were in the red, feeling the onslaught of regional markets being sold down on higher volumes.

The Philippine Stock Exchange index (PSEi) closed at 6,884.38 on Thursday, October 11, 1.67% down from Wednesday. The index nears the 52-week low of 6,790.58. It even hit 6,700-levels intraday.

The local bourse is down by 21.09% year-to-date and has been losing for 31 straight days.

The PSEi reached its peak of 9,078.37 last January, before tumbling down to the 7,000-levels this October.

[ray_noel]

Oh my... mapapa aga ba ang recession...


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[2lits17]

what is the next support level? 6500?