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Category Archives: Economy
US Dollar Update, 10.06.2009
Central Bank intervenes to support USD · Peso strengthened further, hitting a fresh 9-month high of P46.71 to a dollar vs P47.10 the previous day. · Attributed to strong inflows from overseas workers who sent home funds to families affected … Continue reading
Posted in Economy
Tagged foreign exchage, Philippine Economy, philippine peso, randell tiongson, us dollars
3 Comments
August inflation (2009) range at -0.3% to +0.6%
· The Philippines’ annual inflation rate could fall below zero in August before slightly picking up in the coming months. · The central bank forecast the annual change in August consumer prices to range between a 0.3% fall and a … Continue reading
Economic Update (9.1.2009)
Economic Update (9.1.2009) Philippines averts recession with better than expected 2Q09 GDP The Philippine economy grew better than market expectations in the 2Q09. COMMENT: GDP rebounded from a -2.1% contraction in the 1Q09 with a +2.4% growth on a seasonally … Continue reading
Economy update, 8.24.2009
Nose bleed alert! ———- As of 8.24.2009 1. Philippine rates kept steady As expected the Philippine central bank kept overnight rates unchanged at its policy meeting Thursday. COMMENT: This halts the easing cycle that has caused a 200 basis points … Continue reading
Posted in Economy
3 Comments
Burgernomics
Ever heard the term ‘Burgernomics’? Believe it or not, there’s actually such a term and it’s widely used by economists/investors. The publication The Economist actually publishes an index that makes reference to the Big Mac PPP. Err, the Big Mac … Continue reading
Recession anyone? (part 1)
We often hear the word ‘recession’ lately which prompted me to blog about it. Why is it that people fear recession too much? Is recession as bad as how we perceive it to be? Let’s define recession. Recession may be … Continue reading
Hope and Economics (7.13.2009 update)
Just thought of posting some highlights — sorry, a bit ‘nose-bleed’ but this information is quite important to us Pinoys. The information can’t really say we are headed for economic recovery, but it means there are some economic activity that … Continue reading
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