Philippine Economy Talk

**papi smith** · March 26th, 2020 02:16 PM

Like most, hindi pa breakeven ang position, more buying GSIS, SSS please [emoji75]

**NiCe2KnowU** · March 27th, 2020 11:14 AM

^ Sana bro ma ebreak even mo na, wag ka Muna average down

Lapit na Yan buhos NG PSEi 3k or 4k plus yan

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**mrkenneth** · March 31st, 2020 05:01 PM

The Philippines will not be poor forever, Filipinos just need to work hard and be patient.

**baludoy** · May 3rd, 2020 06:17 PM

w/ the covid 19 plague as its backdrop, a japanese inkslinger writes a stinging rebuke to the claims and gains of the gov't

In June 2016, Duterte took over the presidency from Benigno Aquino, who had spent the previous six years repairing the national balance sheet. Aquino's success going after tax cheats, bringing accountability to government institutions and increasing transparency won Manila foreign investment and its first-ever investment-grade ratings.

Duterte was elected to turbocharge the reform process.

His 22 years running Davao City in the south accorded him folk-hero status. Mostly, though, he rested on Aquino's laurels. Instead of building up the economy, he launched a bloody war against the drug trade. Thanks to the average 6% growth in gross domestic product Aquino bequeathed him, Duterte figured the economy was already sorted.

But now inertia is no longer an option as consumption plunges, factory output slides and many of the pillars of growth Manila took for granted go wobbly, chief among them remittances. The cash that about 2 million Filipinos send home from Hong Kong, Dubai and cruise ships around the globe accounts for at least 10% of GDP. That cash is now in short supply as those jobs disappear. The same goes for tourism, which accounts for 25% of GDP.

read more -> Duterte cannot build his way out of Philippines' economic troubles -
Nikkei Asian Review

**dreamur** · May 4th, 2020 08:02 PM

Originally Posted by baludoy

w/ the covid 19 plague as its backdrop, a japanese inkslinger writes a stinging rebuke to the claims and gains of the gov't

read more -> Duterte cannot build his way out of Philippines' economic troubles -
Nikkei Asian Review

He will use this pandemic to mask his inefficiencies and corrupt practices and one day we will wake up with a ballooning external debt of almost a US$100B. Luckily we have China to bail us out.

Philippines Total Gross External Debt | 1981-219 Data | 22-222 Forecast

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**uls** · May 4th, 2020 08:17 PM

^^^

i'm keeping an eye on USDPHP

when too much PHP is created without corresponding increase in dollar reserves PHP will weaken

there's a limit to how much local currency a country can print

print too much you'll end up with play money

**vinrem** · May 5th, 2020 08:33 AM

Question lang, I'm planning to play with stock market, saw a YouTube video and he's using COL financial, ok ba to? What are you using as your stock broker? Any advise?

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**uls** · May 5th, 2020 11:35 AM

Originally Posted by vinrem

Question lang, I'm planning to play with stock market, saw a YouTube video and he's using COL financial, ok ba to? What are you using as your stock broker? Any advise?

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yes ok ung COL dami gumagamit niyan

**yubby24** · May 5th, 2020 11:58 AM

Originally Posted by vinrem

Question lang, I'm planning to play with stock market, saw a YouTube video and he's using COL financial, ok ba to? What are you using as your stock broker? Any advise?

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Okay yang COL. But I use Philstocks.

**BlancNoir** · May 5th, 2020 01:37 PM

Originally Posted by vinrem

Question lang, I'm planning to play with stock market, saw a YouTube video and he's using COL financial, ok ba to? What are you using as your stock broker? Any advise?

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Yes bro. Okay yung COL.

Timson din, heard good reviews.

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