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‘Money’ Articles

Updates and information related to money. (pera padala, remittances, courriers, etc.)

Forbes’ list of richest persons in the world, 11 Filipinos

Tweet   Forbes magazine released its latest list of wealthiest individuals in the world and 11 Filipino billionaires made it to the list. [Continue reading]

Henry Sy’s daughter Teresita Sy-Coson is in Forbes Asia List of “most powerful ” businesswoman

Tweet   Forbes Asia  added Teresita Sy-Coson the lone Filipina  to Forbes Asia magazine’s list of "most powerful" businesswomen in Asia for 2014. Teresita Sy-Coson is the daughter of tycoon Henry Sy, and  the vice chairman of SM Investments and chairwoman of BDO Unibank. "As vice chairman of SM Investments [Continue reading]

BPO firm heads for expansion

Tweet    Business processing and cloud-based solutions provider ADP (Philippines), Inc. opened a new facility in Makati City.  The firm is planning to increase  its workforce by next year. During a press  conference yesterday, ADP (Philippines) general manager John Hickey told reporters  the firm’s new facility [Continue reading]

After U.S. credit downgrade Asian stocks follow

After U.S. credit downgrade Asian stocks follow

Tweet   Major Asian stock exchanges widened their losses on Monday in what seems to  be an busy day in world markets, just after  Standard and Poor’s downgrade of the U.S. credit rating last week.  Tokyo’s Nikkei index fell 240 points, or 2.5% in afternoon trading. KOSPI of South Korea index went down to  6.2%. [Continue reading]

Globe and PSBank working together to enhance electronic banking

Globe and  PSBank working together  to enhance electronic banking

Tweet   Globe Telecom has decided to work with Philippine Savings Bank (PSBank), a strategic partnership with  the thrift banking arm of the Metrobank Group, to improve its electronic banking channels. In the partnership, Globe subscribers with registered PSBank accounts can use  PSBank’s electronic banking service anywhere [Continue reading]

BSP calls witness vs Banco Filipino during DOJ hearing

BSP calls  witness vs Banco Filipino during  DOJ hearing

Tweet On Thursday, the Bangko Sentral ng Pilipinas revealed  before a Department of Justice panel a witness to the string of criminal charges it filed against Banco Filipino Mortgage and Savings Bank. BSP lawyer Sandra Coronel said witness Rey Taguinod happens to  be  the central bank’s examiner who found out the Banco [Continue reading]

Bank of England holds rates steady

Bank of England holds rates steady

Tweet The Bank of England still keeps its interest rate at a record low of 0.5% as it balances the risk of rising inflation. The Monetary Policy Committee likely had a debate as they try to balance the inflation pressures with that of a fragile economic recovery. The pressure to increase interest rates are likely [Continue reading]

Errors on New Peso Bills

Errors on New Peso Bills

Tweet Graphic department involved with the new-generate banknotes is being slammed  because of the errors discovered. Philippine maps and a rare parrot with the wrong-colored beak have troubled the country after the central bank rolled out error-filled new editions of its peso bills. In the 500 peso bill, the reverse side  features a [Continue reading]

Newly Designed peso bills to be launched on December

Newly Designed peso bills to be launched on December

Tweet The unveiling of redesigned peso bills is expected to happen in 3 weeks. The said bills could be in circulation before the year ends, a Bangko Sentral ng Pilipinas (BSP) official yesterday confirmed.  Central bank Deputy Governor Diwa C. Guinigundo said the bills are still being printed and tentatively the launching is set for [Continue reading]

RP’s GDP forecast up to 6.2 percent per ADB

RP’s GDP forecast up to 6.2 percent per ADB

Tweet   The Asian Development Bank (ADB) forecasts Philippine growth to 6.2 percent coming from influx of remittances from overseas Filipino workers which will boost the growing domestic consumption, increased investments and strong export growth.   In an ADB news released through their publication today said the higher-than-expected 7.9 [Continue reading]

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