Of rice and mien
The mien, or demeanor, of Filipinos does change when the price of rice goes up.
And with everything else becoming more expensive these days, people can't help but groan. In this week's issue of the Metrobank Wealth Insights newsletter, we talk about the challenge of rice inflation.
Our second story deals with companies' earnings. Those who invest in the stock market may well take heed of what our deputy head for the investment management division has to say about the trajectory of companies' revenues in 2024.
The third story deals with our updates to our forecast for inflation. August inflation has risen anew due to supply-driven shocks, prompting us to revise our 2023 outlook.
Let us know what you think about this week's issue. We'd love to hear from you.
Don't forget to bookmark our website, www.wealthinsights.ph, as well. You can check our site every day for the latest insights and, if you're a Metrobank client, top investment picks from our investment experts.
You're in good hands.
Metrobank Wealth Insights Team
The continuing challenge of rising rice prices?
Headline inflation steered to the upside at 5.3% in August 2023 after a consistent downtrend in the prior months, driven primarily by the uptick in prices of food and non-alcoholic beverages, particularly rice prices.??
The August inflation print came in higher than our anticipated print, which indicates that the upside risks projected from increasing global rice prices have already fed into headline inflation faster than expected.
领英推荐
Companies’ earnings expected to slow down in 2024
Earnings of businesses may slow down next year by more than half the growth rate in 2023 amid inflation and slowing revenues.
Ma. Cristina Gabaldon, Metrobank Deputy Head for Investment Management Division, said the bank’s estimates for earnings of listed companies are quite conservative.
September 2023 Updates: Upward revisions to inflation
Consumption is expected to continue to moderate in the succeeding quarters as pent-up demand fades and consumer sentiment remains pessimistic on big-ticket items amid higher interest rates, according to the Bangko Sentral ng Pilipinas (BSP). Nonetheless, seasonal consumption growth may still be seen in the fourth quarter.
Meanwhile, headline inflation steered to the upside at 5.3% in August 2023 versus 4.7% previously, and after a consistent downtrend in the previous months. This was driven primarily by the uptick in prices of food and non-alcoholic beverages, restaurants and accommodation services, and transport.
If you enjoyed our newsletter, just click subscribe so you don't miss our weekly releases.
Check out our website, too: www.wealthinsights.ph
PMF?Class of 2024 Finalist | Southeast Asia SME | Versatile Writer
1 年The Steinbeck reference is well done ??
Chartered Accountant at G.Satapathy and Company, Chartered Accountants
1 年Thanks for sharing
Freelance Researcher/Crime Analyst
1 年Of all the days that passed by, whom do you think will be starved to death if you will not adjust the price of rice? the altitude of farming where the poor families cultivate are not enough to make them survived from poverty. True because the expenses in farming and the hazards in cultivating lands in time of stormy and sunny days where the changes of the horizon already starts. That is fair enough to make poor families cope from too much debt in sustaining in a daily life.
Chapter Chairman at Kapisanan ng mga Brodkaster ng Pilipinas (KBP) Region4A Chapter
1 年Times have evolved, leading us to adapt our business strategies and problem-solving approaches. Regarding the notion of slowing down, I'd like to challenge it; while certain companies may experience deceleration, others are thriving. Wealth managers should maintain optimism and view 'slow down' as a chance for growth. In conclusion, finances are at the core of everything, and Metrobank should seize this foundation to introduce a comprehensive banking approach. In tagalog, ninja moves in banking ??