Another office

Going out here allowed me to write a story in 30 mins. Photo by CallMeCreation.com

Being cooped up in my small room for days on end really does something to my psyche and productivity. I keep on working there because I’m spoiled by the dual monitors and I find it hard to edit stories without them. But once I got out of my room and transferred here, I was able to write a short article for 30 minutes. Wow!

I should try to write in the grassy field in the campus one of these days—if the weather permits.

Seeing the sky like this while I work is uplifting. Photo by CallMeCreation.com

I figured that I need to get out everyday to drive away the cobwebs in my head. This week I produced four stories, which is unusual, given my normal workload. I think the difference now is that I have the ability to be out in nature within minutes compared to when we were still in QC—which helps during productivity slumps.

I just realized that my existence in QC was poor given that I had no choice but to be locked up in that apartment because the environment outside was hostile. Cars, in utile sidewalks—if there are—and the unbearable heat makes one think twice about going out. It’s the perfect stage for one to be clinically depressed when she is dealing with post-breakup trauma while on a lockdown because access to nature was difficult. I tried my best though. I had my bike and my car so I can go to UP Diliman but it’s too much of an effort.

Meanwhile here, I have no excuse not to go out because it’s just right at my doorstep. Literally. And also going out into the wide open spaces only takes me five minutes or less, depending on my stride. Going to church only takes 10 minutes on foot. Same for the mom-and-pop shops. Starbucks is also 10 mins on foot.

Speaking of bikes, I should have our bikes fixed so we can bike for errands instead of bringing that car when parking is a huge problem here. Everyone has huge-ass SUVs but this old town is like Europe, the roads are made for calesas (horse-drawn carriages) and the local government can no longer widen the municipal roads because of the generations of families that have built structures along the roads. Moreover, there are no parking areas near commercial establishments. That’s why in high school, some classmates drove scooters instead of cars when going to school.

As for exercise, I can no longer take up running (I think I have forever busted my left knee, from an old football injury 23-25 years ago). I think that leaves me swimming as good cardio workout. I just learned from my sister that the university pool is open to alumni who want to use it everyday. I can add swimming to my weekly exercise regimen, if I find the time.

I must bring my cats for exercise. Right now they’re like this:

Kimchi looking like a cat with a bad hangover. Photo by Twin A.

I hope to wake up early tomorrow morning and see if I can swim at the university pool.


This is what the CEOs had been warning us about the past few months—2Q23 GDP was the slowest in 12 years due to inflation and rising interest rates that dampened consumer spending. The Philippine economy is 70% dependent on domestic spending and if that is hurting, the whole economy is running into trouble. One company chairman told me any strategic moves would have to be suspended because consumer companies are slapped with lower household spending, even on food. Monde Nissin, which has cornered 98% of the instant noodle market in the Philippines, took a big hit as its net income dipped 18% YoY. And to think Lucky Me is the de facto staple outside of rice in this country. This meant that Filipinos have tightened their belts even on staples. We ate less. Everything else followed.

The coming quarters would be difficult for us if the government would not be able to address the structural reforms needed to bring down the cost of food and other goods. Monetary policy can only do so much. Petroleum products are rising again and diesel has climbed by PHP 4 a liter just this week. Last week was PHP 3.50 per liter. As a net importer of oil, this meant that our transportation—the jeepneys and buses—would have to hike fares again while our electricity costs would again climb.

The economy is taking a lot of beating. I wonder how the rest of the country can hold on.

I now have a new house

It now has four walls. Photo by CallMeCreation.com

I left QC at almost 7 am this morning even though I woke up at around 4 am (because I slept before 11 pm last night). The drive was less than 2 hours at rush hour so it was surprisingly quick.

Driving on Skyway 3 North Ave. Photo by CallMeCreation.com

I stopped at the flower vendors along the highway in my hometown and bought carnations for my mom and arranged Malaysian mums for my dad’s crypt. I visited his resting place first to bring the flowers before proceeding to my mom’s house. Then I checked the construction progress.

I have a huge front door. Photo by CallMeCreation.com
They’ve removed the old windows in this room that is going to be my room. Photo by CallMeCreation.com

Then they patched it up with new concrete wall and new door opening. Photo by CallMeCreation.com
From below. Photo by CallMeCreation.com

This staircase would be changed and moved so this area below would be my outdoor space, combined patio and further right would be the utility and laundry area. Eventually I can have this area covered once I raise enough money. But you know, one thing at a time…

Photo by CallMeCreation.com

In the future I can have this extended by building a deck. Just because.

I can also have this catio built too.

I built an Ikea wardrobe (Pax system) for myself using Ikea’s online planner. This will be installed just outside my bedroom door because, what the heck, I don’t have space in my room.

Or Brimnes wardrobe.

The Pax system I built using the Ikea online planner costs around PHP 32,000. I asked my contractor if his carpenter/cabinet-maker can build me something like this. He said he can have it made for less than 20k, minus the Ikea wire drawers (can be replaced with real wooden drawers, I guess?)

I worked for a bit, chatted with some sources, then left the construction site and then my mom’s house early to go around the campus. I watched the football players for a while. Oh how I wish I could still play. Nope, I’m too broken for that.

Photo by CallMeCreation.com
Zooming in. I used to be one of them. Photo by CallMeCreation.com
Tired, sweaty, and my make up is running down because I installed a towel bar in my sisters’ bathroom.

Then I went to have dinner at a friend’s restaurant while I waited for my sister-in-law (SIL) and my brother.

Photo by CallMeCreation.com
Beef shawarma and yoghurt shake. Photo by CallMeCreation.com
Then we had coffee and lots of talk. Photo by CallMeCreation.com

My brother didn’t join us for dinner/coffee because he went ahead to move in some of their stuff into their new townhouse. I forgot to take a photo of it but I took shots of Kuya P’s future room because it has a loft bed that I wanted to show the girls.

My brother’s house is nice and spacious since it has three floors, a huge garage (two SUVs can fit) but they will use the space further in to make it a game room and some kind of lounge area for the boys and their friends.

Kuya P’s loft bed and “office”. Photo by CallMeCreation.com
Too claustrophobic for me. Photo by CallMeCreation.com

But then if you’re playing games, this could be ideal because you can confine the sounds. This can also help you concentrate on studying and eliminate external distraction. When I showed this to the girls, they said they will just have curtains to make their study area isolated from each other.

I left at past 9 pm and it only took me 1.5 hrs to get home in QC. With the moderate to heavy traffic. Not bad.

It’s past 10:30 and it’s still like this along Quezon Ave. 🥴 Photo by CallMeCreation.com

It’s already past my normal bedtime but I’m still wide awake because of the late coffee drinking (because I needed that for my drive). I’ve been up since 4 am. Gee, I’m running on caffeine and adrenalin.


While I was working today, I sold some stocks at a slightly higher price than yesterday. I will have the proceeds deposited in one of my bank accounts and then when I need to issue another check to my contractor next month, I would be ready. I decided to sell this time because it seems like stocks would be falling next week—the US inflation rate was higher than forecast. Despite this (which meant the US Fed will remain aggressive in its rate hikes of at least 75 basis points every FOMC meeting), the local stock market was up today; it defied logic. Good that I was able to sell. But I guess the local market was trying to go for a winning streak for the weekend before they digest the US inflation news—and they knew that stocks would be falling next week. The US Fed’s goal is to bring down inflation from the current 8.2% (the highest in 40 years) down to 2%. Just count how many rate hikes they would have to make—that would spill over to next year. They are really going to cut economic growth in favor of bond prices. That’s a lot of liquidity being mopped up. The housing market will go belly up if they continue with this.

A shopper walks past turkeys for sale in a grocery store on Nov. 11, 2021, in Los Angeles.Mario Tama / Getty Images file

So this will be another contagion. If people cannot pay their mortgages and buy food, then the this will redound to other consumer items. Global trade would…It’s 2008 all over again.

Those VCs and startups will have a lot of trouble raising funds. As they said, “winter is coming!” The abundant dry powder of yore—thanks to the super low interest rates as a result of Fed cuts in 2008 to save the US economy—is gone. Investors have become more tight-fisted quarter on quarter and they now refuse to fund untested startups even if they look brilliant on paper. The tech industry is first to freeze in this funding winter. The rest will follow. VCs and startups are scrambling to get funding before the year ends, before we officially enter global recession next year, before the world burns.

That’s why it’s critical to unload some of my stocks and VUL funds by November (until December, if I believe in Santa Claus rally–and I haven’t decided yet) so I can pay for the remaining balance with my contractor. After finishing my house and the expenses of moving, I will start building up my finances again by buying bargains. Since I cannot buy individual stocks anymore (and I don’t want to be penalized for insider trading even though I will not do that), I will just have to limit myself with funds like ETF, UITFs, and funding this particular VUL I will draw down from again (which I plan to (almost) empty by year-end).

Let me just recover a bit from this house then I will scrimp and save for a new car. I think by 2024 I would be ready, if the world hasn’t completely burnt up by then.

New low

How low can it go?!

The BSP hiked policy rate by 50 basis points today after the USD Fed tightened theirs by 75 bps, it’s expected that the peso would sink further.

But not by 50 centavos in one day!

I can’t remember if the currency had dipped this low within 24 hours. In all of my years reporting on the financial markets, I think this is the first time I saw the peso sink like this. 🤦‍♀️

This is already inflationary. The BSP should intervene in the forex market. I know this is the worst use of our dollar reserves but the forex volatility is no longer funny.

Admittedly, I earned well in this quick sinking of the peso but I am not happy because it has made a lot of Filipinos poorer. Goods continue to get more expensive by the day.


Feeling under the weather? Cook bak kut teh. Photo by CallMeCreation.com
Pork bone soup cooked in my Instant Pot. Photo by CallMeCreation.com.

Lovely.

However, I’m running out of spice packets. I need to replenish when I come back to Singapore in November.

Speaking of which, I already booked my PAL flights but the hotel is a tricky one since I needed to use the SAP Concur facility so I can use the company credit card. And it’s not working because the chief of reporters has sat on my request on Concur after so many months. 😩

That occupied my entire night.

I liked my last hotel because of its location but I think I should change scenery.

30 days without a car

I sent a message to my car guy to ask when can I go and pick up my car. He hasn’t replied yet. And it’s not a good sign.

Meanwhile, I’m so mentally exhausted today after spending hours trying to come across as intelligent and knowledgeable about the industries of my interviewees. Good thing I seemed to have passed and the discussions were good; I was able to extract enough for a 1,000-word article for each interview today.

a woman being interviewed by a reporter
Photo by Greta Hoffman on Pexels.com

I’m also struggling to finish an article, which was based on an interview by my newest reporter. From the transcript, it shows that she had trouble pivoting or taking control of the interview. The interviewee refused to budge and does not answer the questions directly or is beating around the bush. This reporter sent an SOS to help her write the story. Now that I’m deep into it, it took me a while to figure out how to structure the story. Interviewing difficult people requires great skill and unfortunately I wasn’t there to help my reporter go around the interviewee to grill him more.

You see, being a journalist involves a lot of mind games and interviews are like a football game. You need to always have the ball in your control and you call the shots, which information you need or don’t need. If they give you more motherhood statements than real information, flip the court and have the ball back under your feet. You juggle the ball around your interviewee until you get what you need and move to strike a goal.

The sooner reporters know about how cerebral this work is, the better they are in interviewing/data gathering.

However, there are instances that you just have to walk away because talking to a stonewalling interviewee is more trouble than his company/story is worth. Know when to walk away.

Because this day has left me mentally drained, I am just going to indulge in brainless activity—watching Youtube videos of creative people.


Expect more market routs from hereon. Hello my portfolio…are you still ok? My paper losses have been mounting.

“The odds of a recession have gone up, but the markets have not fully priced in the recession case yet,” Ms. Hoxha said. “Not only is the Fed having to correct being too dovish last year, it has to unwind its balance sheet” by selling the bonds and other securities it bought to support the economy and markets.

These idiots on WallStreet are in denial. People on Main Street have been hurting a lot with the increase in basic goods and services–that is already an indication that the economy is spiraling down since people are no longer willing to shell out more money and are now focused on just buying the basic stuff–if they have the cash to buy in the first place.

People have yet to price in this double whammy that China may fall due to mortgage-fueled credit crunch. Many China-funded projects abroad have stalled and expansion plans have been shelved.

Large banks in China are in trouble as well. They have lent tens of billions to poor countries as part of China’s ambitious Belt and Road Initiative. A significant portion of their credit portfolio is likely to become nonperforming as their borrowers are unable to service the debt due to the global economic downturn.

The most recent economic implosion and the collapse of the government of Sri Lanka will likely force their Chinese lenders to write off a large portion of the loans. If big Chinese banks themselves face rising nonperforming loans abroad, they will be less able to help bail out insolvent small or medium-sized banks at home.

Minxin Pei, Nikkei Asia

Locally, the likes of Dennis Uy of Undenna had depended too much on China backing that none of his new companies/ventures took off. He had to sell his huge assets/liabilities to Enrique Razon, including his stake in the Malampaya gas fields. As for infrastructure projects that the Duterte admin had been depending on like the Southrail project, it’s already dead as China rejected the proposal to finance it. Now the government under Marcos Jr is scrambling where/how to procure financing for this.

Stupid.

It’s no longer a question of whether the world will go into a recession. It’s a question of how deep is it going to be and how long will it take before we can bounce back.

Meanwhile, another catfisher is on to me again on IG today. My daughters and I were reverse-searching the photos that we are sure 100% stolen. Again from another Thai guy (THEY’RE EVEN NOT CUTE, just ordinary). There seems to be a trend: At first the ones that were bothering me were Caucasian guys who I keep on blocking. Then Chinese guys–blocked. Then for the entire year last year until early this year, almost all are Koreans. Blocked. Now Thais. Blocked. But I wanted to play a revenge game with them, but my daughters said, Mommy, don’t bother. It may just backfire on you. Ok, my daughters have more sense than me. Blocked.

Do I look desperate??? Geez. I just wanted to show the world, especially my stupid exes, that I am well and they’re not a loss, hence, my decent photo. Maybe I should just change my photo into that of my cats.

And the economic crisis is sinking us deeper and deeper

This should make dollar-earners like me happy. But no, this makes all goods more expensive because we are a net oil-importing country. Among other things that we also import are rice, durable goods, and just about everything. We even import onions and garlic from Taiwan.

WTF.

Jeepney drivers are already sleeping inside their jeeps because they could no longer afford to go home because they no longer earn anything as gas prices continue to climb.

The group of journos I am with right now are starting a movement to create news content in bite sizes for Tiktok to combat disinformation on such platforms. A friend just did a Tiktok of the horrible commuting life in Metro Manila. I took it upon myself to create a Tiktok about the impossibility of PHP20/kg rice that was the campaign promise of Marcos Jr. Another friend will be releasing tomorrow a Tiktok of the forex situation now.

Because Marcos trolls are very active on social media now, trying to paint the false picture that things are hunky dory and that they claim only detractors are saying we have a crisis. That’s what they did to that friend’s Tiktok video about the horrors of commuting in Manila; they mass-reported it as “dangerous” so her video was taken down even without the benefit of being properly reviewed by Tiktok.

A crisis of food accessibility, economic, and information. We are in deep shit.

And I and my colleagues have an important role to play.


How many times do I have to experience being fished by a fake profile on Instagram? Since I don’t look like I’m in my 40s, they think I am single and ready to mingle. When they message (even if my profile is set to private, they can still message me) I always tell them, I’m 42 and a single mother, so go away. On IG, it’s usually those claiming to be Chinese/Taiwanese or Korean living out of their home countries. On Twitter, it’s usually American servicemen and I ignore them because their kind always think Filipino women can easily be bought with dollars and promises of being flown out of the Philippines.

Oh sorry, I’m not one of those. I don’t blame those who belong to the lower economic strata for targeting AFAMs (A Foreigner Assigned in Manila) so they can get out of poverty/Philippines. However, these foreigners shouldn’t generalize that all Filipino women are into that kind of thing. It’s insulting.

Men are dirty. I’ve truly lost trust in them.

I sound so bitter. But can you blame me?

While attending an ADB financial forum in my house clothes and a four-legged officemate.

I was so busy today that I only had 30 minutes to eat lunch and have a bathroom break. I had to write a story, edit, do admin work, and attend conferences/webinars. On top of that I had calls in between and trying to have my internet connection fixed. I finally succumbed and contacted the corp comm team of my ISP and asked them to expedite my internet repairs. After a few hours, my connection was fixed 🙄. I really don’t want to use my connections for such things but Internet is very critical to my job.

Oh, and those white earbuds that I’m wearing in that photo are my new Oppo earbuds that I was able to buy on sale. I didn’t realize how freeing such thing could be. I was talking somebody on my phone, that was just on my phone stand on my desk, while I was walking around in my room. Good for driving as well. I don’t know why I resisted buying this for so long. Ah, because I’m an audiophile and I always thought their bass is pale at best compared to the sound of my over-the-ear Audiotechnica bluetooth headphones. Well, the earbuds are just ok for exercising and for phonecalls but for listening to music, nothing beats the over-the-ear ones and of course, speakers with a subwoofer.

Today is much better. I finally reconciled that yeah, a double-digit raise is not so bad even if I didn’t get the pay level I wanted. As for my people, I will just have to ask for concessions for transportation allowances for them given the high cost of transportation and generally everything else.

Let’s see.

Food crisis

We’re back to 1970s-kind of crisis, when petroleum had to be rationed and many children became malnourished.

I just received this press release from UNCTAD that released all my gastric juices and sent me to the bathroom. This was embargoed overnight and I was only able to tweet this later today.

UNCTAD brief: We are on the brink of the most severe global cost-of-living crisis in a generation.

UNCTAD: the current food crisis may rapidly turn into a food catastrophe of global proportions in 2023.

This is something that people tend to overlook: accessibility of food.

With supply chain issues and protectionism on the rise many worldwide will go hungry.

The World Bank earlier said that we are entering the 1970s-style stagflation. Will we see petroleum rationing and Nutribun again? https://lnkd.in/dciC32kS OMG, it is really a throwback to Marcos Sr era. WTF have we done to ourselves?

My siblings and I are chatting (via FB Messenger) about this statement by World Bank that we are entering a state of global stagflation. (And yeah, we are weird like that. We discuss marcoeconomy like we’re a bunch of experts—but then my sister is an economist and a consultant at FAO and my brother is also a nationally recognized economist whom my peers call for comments/soundbites on the economy). Anyway, there were questions whether it is smart of BSP to raise policy rates in small increments instead of going for the jugular with I-mean-business rate hikes. My brother said calibrated hikes are better for a fragile economy like ours.

You know, this is the reason why many journalists are alcoholic, in therapy, or have gastrointestinal problems. Aside from the daily stress of chasing stories and meeting deadlines, we are always the bearer of bad news like this and we can’t help but internalize the news we write. The problem of the world/the country is our problem. We can’t just tune out the bad news because that’s our job. 🙄

My mom and I will be talking about this while we bask under the sun this weekend (in true bourgeois fashion). We have to pool our funds and see how we can help the most vulnerable who need our help.


And in true bourgeois fashion, my new iPad case and keyboard that I ordered from Lazada have arrived today. It transformed my tablet that I mainly use for flicking through Pinterest and watching videos on Youtube and Netflix into a lighter laptop alternative.

Yep, it has RGB backlight. Photo by CallMeCreation.com

I have too many screens now. Photo by CallMeCreation.com

So I will be leaving my Lenovo laptop (which seldom sees action) at home when we go gallivanting in Batangas and just bring this with me. It is lighter and more compact and has longer battery life. I don’t expect to write stories or edit while I’m on my break but I have to be prepared ALWAYS.

I have already downloaded MS Outlook and installed our office email and all the security authentication app that my office requires. Our IT guys are now confused why I have so many equipment registered with them (as I just upgraded my mobile phone unit this week). If I need to edit, I will edit in Outlook itself.

Anyway, I will totally avoid working or even responding to emails during my holiday. It’s good for my mental health.

I will just probably use the keyboard to write on my blog. It’s sometimes hard to blog on my phone if I feel like writing long entries.

Ahhh my cats would have to wait for days again until I come back.

Only one more working day tomorrow!!! ❤️ then I will be packing my diving buoy, sunscreen, long flippers, and my new Speedo swimsuit that just arrived yesterday.

A dose of Vitamin Sea is just what my doctor ordered.

I need to shake off the sadness and insecurity that enveloped me this week. As my colleague-friend asked, why do you still think about him? I said, I don’t know. She said, “it’s not good for you.” Don’t I know it?

But I’m getting better. Better things will be coming.