Philippine Economy Talk

[teukie]

Have we hit bottom yet???

[boybi]

Have we hit bottom yet???

The worst is yet to come?

[dr. d]

Have we hit bottom yet???

in my opinion,
" we are re-defining 'bottom' ".

this is all new to us.

[teukie]

The worst is yet to come?

in my opinion,
" we are re-defining 'bottom' ".

this is all new to us.

This virus is really a great equalizer. Could be nature's way of keeping greed in check and depopulating the world. My personal opinion.

[shadow]

We have alwaya been at the bottom, never been out of it. [emoji23]


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[tarzegetakizerd]

This virus is really a great equalizer. Could be nature's way of keeping greed in check and depopulating the world. My personal opinion.

depopulating the world starting from the bottom?

[Monseratto]

Not a good idea to waive loan payments... Banks will tighten liquidity and increase interest rates.


Philippine Banks Warn of $82 Billion Cash Squeeze on Delay of Loan Payments

Banks in the Philippines warn their cash flow may be reduced by as much as 4 trillion pesos ($82 billion) should a bill that seeks to delay loan payments by a year becomes a law.

The plan could result in “massive liquidity crunch” of 2 trillion to 4 trillion pesos, or 20%-40% of outstanding loans, according to a document from the Bankers Association of the Philippines. This followed warnings from the central bank and a business group.

“New lending would dry up; worthy borrowers deserving of new funds would not get them,” the nation’s largest group of lenders said. Smaller banks may not survive the financial squeeze, putting depositors’ money at “undue risk,” it said.

A pandemic relief bill passed by the House of Representatives proposes a year-long loan payment holiday, while the Senate’s version suggests a one-month reprieve, according to the Bankers Association, which supports the latter.

[falken]

Not a good idea to waive loan payments... Banks will tighten liquidity and increase interest rates.


Philippine Banks Warn of $82 Billion Cash Squeeze on Delay of Loan Payments

That's a sure way to kill the economy.

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[Ry_Tower]

Not a good idea to waive loan payments... Banks will tighten liquidity and increase interest rates.


Philippine Banks Warn of $82 Billion Cash Squeeze on Delay of Loan Payments

That's a sure way to kill the economy.

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Waiving hindi talaga pwede. Pero loan extension tingin ko plausible, maybe not a year's worth. What they could do is spread the amount longer na lang para mas maliit babayaran monthly. Para mas possible na mabayaran yung utang kesa magsara. 12K na utang sa 1 year is 1K, but in 2 years, P500 lang monthly for example. Mas magaan sa borrowers.

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[falken]

Agree, loan extension would be ideal instead. Spread it a little longer just to make sure the borrower could still oparate.

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This is a better option.

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