Businesses told to prepare for rough first half of 2014 | Inquirer Business

Businesses told to prepare for rough first half of 2014

By: - Business News Editor / @daxinq
/ 10:50 PM January 30, 2014

Geomancer Dr. Andy Tan

MANILA, Philippines—Brace yourselves for a rough ride.

The Year of the Wooden Horse, which begin on Friday (Jan. 31), will be bumpy, at least in the first few months, according to a feng shui expert.


Geomancer Andy Tan said that in Oriental tradition, the Year of the Wooden Horse has always been viewed as challenging, and this year would be no different.


“This horse is like a stallion that has not been ridden yet,” he said. “It doesn’t want to be ridden, so the first six months [of this year] will be very volatile.”

Tan — who has been practicing feng shui and consulting for major real estate developments for over two decades — said the volatility of the Year of the Wooden Horse would be felt in business and politics, both here and abroad.

“The general attitude will be quite erratic in the first half,” he said, adding that, as early as today, a cursory glance at the business headlines would indicate that a rough ride would come for businessmen, especially those whose businesses were usually affected by the gyrations of the financial markets.

Tan pointed out that the beginning of the Chinese Lunar New Year coincided with recent developments in the United States, where the Federal Reserve had decided to slowly reduce the amount of liquidity it pumped into the economy each month.

The reduction in liquidity would result in higher interest rates around the world, the expectation of which has been felt through higher volatility in some emerging markets.

“This will be very, very challenging,” Tan said, explaining that the reduction in the liquidity pumped by the US central bank into the global economy would filter down to the Philippines, likely resulting in the Bangko Sentral ng Pilipinas raising its own interest rates, to the detriment of businesses that have been relying on loans for their day-to-day operations.


“This is when the horse will start to buck,” Tan said.

He pointed out that the volatility in the business and economic spheres would be most pronounced in the first three months of the Year of the Wooden Horse, but would likely start to stabilize by May.

According to Tan’s explanation of Chinese astrological tradition, the world goes through a three-year cycle that determines which hemisphere is more—or less—auspicious at any given period.

“For 2011 to 2013, the northeast and northwest [parts of the world] were the best [in luck],” he said. “But for this year, it’s southwest and southeast.”

The Year of the Horse, he said, would especially be challenging for those born in the Year of the Rat, because the rat and the horse signs sit diametrically opposed to each other in the Chinese astrological calendar.

Interestingly, Tan pointed out that most of the country’s top political leaders were born in Year of the Rat.

“President Aquino is a metal rat,” he said. “Then formerly, the head of the Senate was JPE (Sen. Juan Ponce Enrile) who is a wooden rat. The Speaker of the House, Sonny Belmonte, is also a rat, a fire rat. And finally, Chief Justice [Maria Lourdes] Sereno is a metal rat.”

Vice President Jejomar Binay, he said, was born in the Year of the Water Horse.

This presents a challenging situation for Binay because he is surrounded by rats in high government office, and horses and rats have traditionally not coexisted well in Chinese astrological tradition.

Tan predicted that the businesses that would do well this year were those “close to the earth,” given that the current horse year would be ruled by the element of wood.

“Agriculture would be good, along with construction and real estate,” he said. “There’s no [real estate] bubble, and [even if there is], it will not burst.”

Other businesses that according to Tan will also progress this year are those involved in remittances and manufacturing.

The banking and insurance sectors will find the Year of the Wooden Horse difficult. So would the oil and energy sectors, he said.

“But things will become smoother by the second half, until 2015, as I foresee it,” Tan said.

And despite the general apprehension about the Year of the Wooden Horse among Oriental astrology cognoscenti, Tan predicted that the Philippines would emerge from the turbulence relatively unscathed.

Now that’s good news.


Your subscription could not be saved. Please try again.
Your subscription has been successful.

Subscribe to our daily newsletter

By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy.

Bumpy year for Asia in Year of the Horse

TAGS: Business, Chinese Lunar New Year, Chinese New Year, feng shui, Philippine Business, Year of the Wooden Horse

© Copyright 1997-2024 | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.