Shaun T. Dy's Business & Economics Perspective Blog

I would like to apologize in advance to my readers. The picture I'm presenting is in Tagalog, and not all my readers speak Tagalog. I would translate the picture's text into English for convenience. It says:   "Ano ang bumubuo sa mga presyo?" means "What comprises the price?" "Gastos ng materyales" means materials expense "Gastos sa kasangkapan" means depreciation expense ""Gastos sa pasahod" means salary expense "Kapitalista" means capitalist Renta is well, rent "Kayang pababain ang presyo" means "Prices can be lowered". It says that capitalists (industrialists, landlords, bankers) and elitist governments are part in the gross profit. Get rid of excise taxes (either permanently or temporarily) for the prices of goods and services. In the times of crisis, in the burden of sacrifices, we need to be watchful for capacity. Whatever savings for times of difficulty by the workers and countrymen, the...

Having sea crab yesterday or just eating crab, I always think of that old commercial in the 1990s. It was called, "Iwasan ang crab mentality." or "Avoid crab mentality." This makes me recall a scene when I was a child. I saw a pail full of mud crabs (called alimango in Filipino) and if one crab got out, the others pulled it down. The TV commercial showed how if the crabs got together, they could all escape their grizzly fate of becoming eaten for human consumption. Chefs are just lucky crabs pull each other down. However, it also shows that the crabs would rather all be cooked together than let that crab escape.  Unfortunately, crab mentality is one of the biggest problems in the Philippines. It's not all that unique among Filipinos. However, it doesn't Filipinos should ever take comfort in engaging in a crab mentality, just because other people do it . Here's an interesting excerpt from Inquirer   by Jerry Peres de Tagle PhD: Studies in human behavior ...

Happy New Year, right? There's this statement in Cebuano that says, "Sa Disyembre nag lipay-lipay. Sa Enero, naglikay-likay." For non-Cebuano speakers, it means, "Enjoying all December. Fleeing in January." It's because of the bad habits that are common during the Christmas season. I wrote an entry talking about when a Merry Christmas leads to an Unhappy New Year . After Christmas vacation, it can be common to talk about New Year's Resolutions. Sadly, there are resolutions meant to be broken or resolutions on paper only. Several people finish high school, go to college, get a job, but never gain the necessary knowledge of economics and finances. Instead, they continue to live the same habits year after year. Even worse, the same foolish behavioral patterns get passed down f rom parent to child to grandchild. Still stuck with financial habits that put one in a financial dodo The New Year starts and it can get funny. I tend to hate December because of the ...

Christmas is just around the corner, isn't it? It's easy to tell me, "Stop being a Scrooge! Lighten up! It's Christmas!" Some people can't tell the difference between positivity and when positivity becomes toxic . If you think about it, toxic positivity is defined as: ...the belief that people should maintain a positive mindset no matter how dire or difficult a situation is. While there are benefits to being optimistic and engaging in positive thinking, toxic positivity rejects all difficult emotions in favor of a cheerful and often falsely positive façade . Every time I talk about Christmas foolishness (read here ), it's always pointed out that I love being negative. Honestly, there are times I'd rather be negative than to be overly positive. I always talk about mentioning the silly notions that my countrymen have like, "If the situation is bitter, just add sugar (read here )." In Cebuano, it's said, "Kung pait, butangi lang ug asu...

The Facebook group "Stop Blaming Capitalism for Socialism's Failures" is now plagued with Anonymous Participant posts. It's probably because they could no longer defend themselves. Anyway, let's think of the fallacy of this thinking. I'd like to point out that people get rich from the net profit --not from the sales. People should stop confusing sales for profits! Business & Plans If we look at that sample income statement, we look at how the coffee shop operates. Let's use the USD currency over the PHP, even if I'm a Filipino . The reason is that the sample income statement is from an American website. If we look at the income statement--we have sales deducted from the Cost of Goods Sold (COGS), and every other expenses. SG&A means selling , general , and administrative expenses--which involves paying the coffee growers, the coffee refiners, the coffee packers, and the coffee brewers. The person who runs the coffee shop is involved in the chai...

I found this meme on Facebook. For the sake of non-Tagalog speakers, it means: For each one that costs PHP 75.00 no complaints. PHP 50.00 per kilo, always complaining! Last year, I wrote about what's dubbed as pera-normal activities . I would like to write about another cause behind these pera-normal activities. People tend to complain that the prices of goods and services have risen. However, they have no complaints about the rising prices of things they don't need. The meme on Facebook shows two things--the gin and the kilo of rice. I was skeptical about President Ferdinand "Bongbong" R. Marcos Jr.'s promise of PHP 20.00 per kilo of rice. The promise is ridiculous but he won anyway . We can thank the presidential system and the 1987 Constitution of the Philippines for that! Now, critics of Bongbong are demanding PHP 20.00 per kilo of rice. Shouldn't the critics show why it's impossible given the current circumstances? This editorial cartoon from The Mani...

Philippine Star Is it me or is the Christmas Season really that toxic in the Philippines? I wrote an article about the irony of early Christmas season with late Christmas shopping . I didn't think about writing this but is it me or do people like to ask for impunity during the Christmas season? Think about that toxic former friend or former romantic partner. You cut off that person because of the toxic behavior he or she shows. However, you meet at a public place during the -ber months. The person says, "Let's reconcile! It's Christmas!" I can be open to reconciliation with classmates with who I had a childish quarrel back in high school. So far, one of the people I had a childish grudge wasn't  a toxic person. The reason why I feel I can reconcile with that person is because he's productive . The same can't be said for people who have a toxic attitude.  What do several Filipinos look forward to during Christmas? Would it be just the spiritual signific...

With Christmas just being around the corner--I always associate it with paying some year-end fees (such as real estate taxes), computing the year-end financial statement, and the like. However, it can be observed that some people have a mentality akin to Tomas Mascardo. If you've seen the Heneral Luna movie--one scene has Mascardo leaving his post to attend a town feast. Historian Ambeth Ocampo wrote this in Inquirer  about Mascardo: By the end of April 1899, the enemy was moving steadily northward from Manila in hot pursuit of Emilio Aguinaldo and the Malolos government. Luna, who was then chief commanding general of Central Luzon, ordered all his commanders to be ready at their stations and await instructions from his headquarters in Calumpit. During a particularly trying period, Luna was informed that General Mascardo had disobeyed Luna’s orders by leaving his headquarters in Guagua to attend a fiesta in Arayat . Historians differ on the reason for Mascardo’s trip: One source sa...

It's October 2024 and I had no topic to write about a few days ago. Today, I decided to write about how using personal attacks is a common tactic . The use of Ad Hominems or personal attacks is attacking the person instead of the argument. Such people don't care if they contradict themselves--as long as they can insult because they're losers . One of the things I noticed is how I discuss the laws of economics. However, I can get an answer like, "Muh supply and demand! Da conspiracy of supply and demand!" I purposely misspelled the words to show how the person's lack of knowledge and use of mockery. Such persons can repeatedly hurl insults like saying I'm stupid, room temperature IQ, fake IQ, traitor to my fellow Filipino, etc. The list can go on and it's both amusing and irritating to recall every bit of insult I've had. But as advised, I'm told to learn to ignore insults  or laugh at them. An anonymous quote, probably said by Socrates was, ...

  Uproxx As Christmas is just around the corner--I feel more stress coming in! It doesn't help when people try to use the late Andy Williams' "It's the Most Wonderful Time of the Year" to try and skip the problem. It's already known that most Filipinos love to start Christmas in September . However, the irony is that Filipinos start Christmas early but do their Christmas shopping late. If they began the Christmas Season early, shouldn't they think about what to do before December strikes?  Two years ago, I wrote a post discussing last-minute Christmas shopping . Many Filipinos tend to do last-minute Christmas shopping. They had all of November (when the Christmas sale usually begins) but why do the Christmas shopping in December ? One of the things I blame is the one-day paycheck lifestyle (see here ). It can be observed that many Filipinos never learn to prioritize more important things . One can get their stars when they see their paychecks. However, the...