What the F____

Yes, Ford is in the news and for the wrong reasons.  Ford Motor Company did not take any government funds to bail them out during the Great Financial Crisis.  

They sold off assets like The Volvo Group and the rest of their Mazda holdings.  

Then they removed their Mercury models and focused their Lincoln lineupfor direct competition against the Cadillac brand.  

These elements of plush and speed actually rubbed off on their 4x4 line up too.  

Targeting the high margin markets, they proceeded to sell the F series and SUV’s at a rocket rate of climb.…

Read more: What the F____

February bank lending up by 18.1%

COMMERCIAL banks’ lending in February rose to 18.1 percent in February 2017, from just 17.9 percent the previous month, with most, or 89 percent, for production activities.

Loans for household consumption expanded even faster at 24.6 percent in February from 23.7 percent in January due to expansion in credit card loans, auto loans and the expansion of salary-based general -purpose loans offsetting the decline in other types of household loans.

The Bangko Sentral ng Pilipinas reported that outstanding loans of commercial banks net of reverse repurchase (RRP) placements with BSP grew by 18.1 percent in February…

Read more: February bank lending up by 18.1%

PH gets BBB credit rating

WITH a consistently strong economic growth of 6.8 percent GDP in 2016 coupled with government’s strong infrastructure spending and a stable business process outsourcing (BPO) , credit raters Fitch Ratings and S & P Global Ratings have affirmed a “BBB” to a “BBB-“  rating for the Philippines.

A “BBB-“ from Fitch reflects the continued strong and consistent growth performance, a robust net external credit position and government debt levels that are lower than the median of peers in the “BBB” category, said a Fitch statement that was published by Business World online.

But Fitch also noted that country’s ratings…

Read more: PH gets BBB credit rating

The World is Made of Sheep

TECHNICALLY time slows down (or speeds up) for no man.  There was an easier life in the 1990’s where I did not have to follow the stock market so closely.  

The NASDAQ was on a tear and even the Dogs of the Dow were growing although not in the same ratio as tech stocks.  Today, if you invest you must watch and keep watching for data that might ruin your year.  

Snapchat, the favorite mass medium for secretive millennials and sexting addicts finally got a buy rating. Hold your horses! 

Wait just a bit and look closely,…

Read more: The World is Made of Sheep

Congress passes real estate tax amnesty

REAL estate tax delinquents received a piece of good news after Congress recently passed on third and final reading a proposal granting amnesty in estate-tax payments.

House Bill No. 4814, co-authored by House Speaker Pantaleon Alvarez and 19 other representatives, seeks to encourage taxpayers to settle their outstanding estate taxes, thereby freeing up properties of unsettled estates.

The bill proposes a tax amnesty program covering estate taxes for the year 2016 and the previous years that have remained unpaid as of December 31, 2016.

Delinquent taxpayers who will avail of the tax amnesty will be immune from payment of real…

Read more: Congress passes real estate tax amnesty

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