Anytime this year, we will be seeing new designs in our money, both in bills and coins. The new money designed are set for printing within the year, said the Bangko Sentral ng Pilipinas (BSP), after getting the approval of President Gloria Macapagal-Arroyo.

MoneyGram International and Smart Communications, Inc. tied up to provide families of overseas Filipino workers (OFWs) the convenience of wireless “wallet” service. OFWs may now send their remittances to their families in the Philippines faster through the facility which is likened to a “cross border wallet service.”

To reach to people who have no access to banks, the Bangko Sentral ng Pilipinas (BSP) looks into tapping third parties such as retail outlets to be conduits for money transfer through mobile phones. While considering the said option, BSP governor Amando M. Tetangco, cautioned while that the business arguments for the establishment of a [...]

I’m sure you may, at least at one time, have heard about reverse morgage and why it is available only to seniors. This type of a loan is available only to seniors who need extra money, using their equity in their house as security for the loan.
These days, reverse mortgages is fast becoming popular among [...]

“Kung tutulong kayo, ngayon na!”
These were the words of presidential aspirant, Senator Manny Villar, during his visit at the Wowowee  last July 25, together with his daughter. Picking up from the senator’s cue, the show’s host Willie Revillame put him on the spot by saying, “Kaya nyo bang bigyan itong anim na ito nang house [...]

Contrary to travel advisories some countries are giving their residents against going to the Philippines, the National Geographic Magazine has included our country in the list as “One of 25 Best New Travel Destinations in the World in 2010.” The Philippines’ ancient cultures, structures and biodiversity were cited as key reasons to visit the country.

These are two of the most important aspects of an organization – marketing and human resource. They deal with the company’s customers, one for the external and the other, the internal.
Companies really spend a lot of money (and effort) just to be able to come up with an effective marketing presentation to show its prospective [...]

The senate approves last Wednesday a P12 billion supplemental budget calamity fund. This would allow the government to better implement its relief and rehabilitation efforts for the victims of Ondoy and Pepeng.
The senators passed joint resolution no. 34 with amendments that included the creation of a joint oversight Congressional committee to monitor the spending of [...]

This time the Bangko Sentral ng Pilipinas will allowing “money laundering” and it’s legal. The central bank’s seal of approval has been stamped on the prospect of doing large-scale money laundering.
But the BSP is referring to the literal ‘laundering’ of dirty money or those bills that were soiled by flash floods inside bank vaults during [...]

To help the victims of tropical storm Ondoy in Metro Manila get a chance to earn, after receiving dole-outs for more than a week, the Department of Social Welfare and Development (DSWD) and the Department of Labor and Employment (DOLE) have started an emergency employment program. This is aimed at helping those rendered jobless and [...]

One of ways being mentioned as means to send donations to the victims of tropical storm Ondoy is via money transfer through the cellphone. To encourage our countrymen to utilize this channel and gather more help for the victims, Smart Communication and Globe Telecoms have exempted the transaction from service charges.

It seems that lately, the most effective way to raise much needed funds is via retail bond offering, and many corporations have trekked this path to gain additional funds for their expansions and other purposes.
The latest to seek this opportunity is the holding company of the Gokongwei family. The JG Summit Holdings Inc. is seeking [...]

The Food Terminals Inc. (FTI) is a 120-hectare agro-industrial commercial estate in Taguig. It was built originally as a food processing and consolidation center for agricultural products. It houses more than 300 small-to-medium scale companies who are engaged in different industries such as manufacturing garments and electronics.

Text scams informing the recipient of winning big money in a lottery that he never joined is no longer exclusive to Filipinos here in the Philippines. Perpetrators of this text scams are also targeting overseas Filipino workers.
The Department of Foreign Affairs (DFA) warned OFWs in Austria, as well as in other countries, to be wary [...]

The government-controlled home development mutual fund Pag-IBIG Fund will also be coming out with its own bond offering within the next two months. The Pag-IBIG board has approved a P12-billion bond offering and it is now with the Department of Finance.
The Development Bank of the Philippines (DBP) and First Metro Investment Corp. (FMIC) has been [...]

The Chinatrust Commercial Bank Corp. is planning to open a new branch in Cagayan de Oro either late this year or the first quarter of next year. The planned branch would be the second in Mindanao and the 24th in the country, after it began operating in 1995. Its first branch in Mindanao was in [...]

Success! That’s how the SM Investments Corp describe its sale of five-year dollar bonds worth $500 million. The Sy-led holding firm benefited from investors’ who shifted to the less risky asset.  SMIC sale is said to be the largest dollar bond offering since 1997, while its fixed rate of 6% per annum is the lowest [...]

The Bangko Sentral ng Pilipinas (BSP) gave the approval for the Philippine Savings Bank (PSBank) – Sumitomo Corp. joint venture. The venture would see PSBank investing up to P800 million in motorcycles lending and leasing with Japanese trading giant Sumitomo Corp.

There is no business or an entrepreneur who doesn’t have a debt. Financial statements seem too ideal if they don’t have a ‘Liabilities’ in them – but they do exist by the way. Rare but they exist. But as important as debts in businesses, debt settlement is also as important if an entrepreneur wants to [...]

House Bill No. 6625 has been approved by Congress on Tuesday, in the hope of getting a bigger slice of the profits of telecommunication firms. A committee of the House of Representatives the bill which seeks to impose a five-centavo excise tax on every text, picture, video and audio clip sent through mobile phones.