The peso fought back to close higher today but the stock market continued to slide and we are now in bear market territory. The next support level now is at 5,700, which spells disaster for me. I should pray for the market to fight back next week (with some good news that UK economy registered growth in 2Q22) because I need to withdraw some investments in the next two to three weeks. While I have cash so I can issue a check to my contractor by next week, I need to decide soon if I should draw down one fund now (with the outlook that it will not get any better until December) or wait for the corporate Christmas window-dressing. Or before the corporate earnings season around Nov 15.

Meanwhile, the social media universe has exploded when Shopee revealed that its new endorser is Toni Gonzaga, the hypocritical, Bible-quoting actress who blatantly endorsed lies and enabled the Marcoses and Duterte. To make matters worse, the announcement came on the heels of the news that Shopee axed a lot of jobs because it is losing money. People pushing back said, if they’re losing money, why are they even hiring an endorser who is known to charge millions upon millions of pesos at the expense of employees.

So people began uninstalling their Shopee app and deleting their accounts. The noise and the loss of accounts might have been a lot since Shopee started an impromptu survey about endorsers then they started issuing press statements. Then came the dummy accounts that claimed they were former Shopee employees, saying they were well taken care of by Shopee because they got a bonus pay—And we started pushing back against the crisis PR by saying under the law, Shopee is obligated to give retrenched employees separation pay and THOSE ARE NOT BONUSES. Caught their bullshit.

I’ve been calling out the other BS that the crisis PR team had been coming out with. Because I know how PR works and only a few here in the Philippines specialize in that. I’m friends with one crisis PR guy who is on the speed dial of many conglomerates in the Philippines and he has been telling me some tricks of the trade. One of these days I should have drinks with him again.

I should really finish packing now because I would be driving early morning tomorrow—about 5:30-ish???—to go to the beach. I hope it doesn’t rain much this weekend. ❤