Archive for the ‘money’ Category
Covered call investing
To be honest, the term “covered call” is really new to me. I heard it from a friend, and I got curious because he attached the word “investment” to the phrase, saying it is a good earning opportunity. So I searched for its meaning online, which led me to different sites, one of which is [...]
August 20, 2010
Tags: covered call, earning potentials, finance, investment, money Posted in: Product Reviews, business opportunity, money 
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Lower remittance fees for OFWs
A new remittance system that will allow for a safer, faster and cheaper remittances by OFWs (overseas Filipino workers) will be implemented by the Bangko Sentral ng Pilipinas (BSP) starting on the third quarter of the year.
This is the new Philippine Payments and Settlements System or Philpass Remit System. Under this new system, the fee [...]
May 25, 2010
Tags: Business, finance, money, OFWs, Philpass, remittances Posted in: Announcement, Consumers, Government, OFWs, Philippine business news, Philippines, banking, economy, finance, money No Comments
New credit card from RCBC
RCBC Bankard recently launched a new credit card which is targeted to serve the upscale needs of discerning shoppers.
The new credit card from RCBC was created in tie-up with Barcelona-based clothing brand Mango and Mastercard. Called the Mango-RCBC Bankard MasterCard, it is the latest addition to MasterCard’s growing roster of value-driven cards.
Holders of Mango-RCBC Bankard [...]
May 24, 2010
Tags: Bankard, Business, credit card, fashion, finance, Mango, Mango-RCBC Bankard MasterCard, MasterCard, money, Philippines, RCBC Posted in: Announcement, Consumers, Loans, Philippine banks, Philippines, Products, banking, finance, money One Comment
First Gas to borrow $80 million from local banks
First Gas Power Corp. is planning to borrow $80 million from local banks, and the Lopez-controlled is seeking the approval of Bangko Sentral ng Pilipinas to borrow the said amount, which was said to be higher that what was being considered earlier by the company, which was only $50 million.
The company is the one who [...]
May 16, 2010
Tags: bank, banking, borrowing, BSP, FCDU, finance, First Gas, foreign currency, loan, money, Philippines, power plant Posted in: Corporations, Foreign exchange, Philippine business news, Philippines, banking, economy, finance, money No Comments
iRemit to open more branches in Europe
After securing a license to operate in Europe, iRemit made true to its commitment of servicing overseas Filipino worker (OFWs) staying in the region with iRemit Europe.
Now, still the largest Filipino-owned non-bank remittance company, iRemit wants to strengthen its presence in Europe as it plans to open more branches in major cities in the region.
iRemit [...]
May 7, 2010
Tags: business news, finance, foreign currency, Foreign exchange, iRemit, Italy, money, non-bank, OFW, overseas Filipino workers, Philippines, remittance, Rome Posted in: Announcement, Consumers, Customer Service, Foreign exchange, International relations, OFWs, banking, economy, finance, money No Comments
Sale of OFW retail treasury bonds completed
The auction of the retail treasury bonds of the Philippine government has been completed and according to National Treasurer Roberto Tan, $500 million have been raise from the sale of the retail, multi-currency bond.
Tan was happy to report that they completed the total tender of $5000 million, based on the preliminary information he had received. [...]
April 27, 2010
Tags: finance, investment instruments, investments, money, OFWs, retail treasury bond, RTB Posted in: Foreign exchange, OFWs, Philippine business news, entrepreneurship, finance, investments, money One Comment
Philippine Peso to climb up to P43 to $1
In spite of the prediction of some economist that the peso will soon weaken, especially during the coming elections, it continues it upwards surge. According to American banking giant Citigroup, it even sees the peso strengthening to 43 to $1.
According to Citigroup economist Jun Trinidad, the country’s “export earnings as well as the tightening of [...]
April 20, 2010
Tags: dollar, dollar trading, economy, Foreign exchange, forex, money, Peso, Philippine Posted in: Foreign exchange, Philippines, economy, finance, money No Comments
$500 M retail treasury bonds to be auctioned by the government
$500 million retail treasury bonds will be auctioned by the government on April 21. These RTB were intended for overseas Filipino workers (OFWs).
National Treasurer Roberto Tan is confident that they would be able to sell the whole $500 million after conducting a series of successful briefing in different parts of the globe.
Tan said that they [...]
April 19, 2010
Tags: auctioned, exemption, Government, incentive, investment instruments, money, multi-currency, Philippines, retail treasury bonds, RTB Posted in: Announcement, Government, Philippine business news, Philippines, banking, economy, finance, investments, money One Comment
Peso seen to weaken anew
After its continued rally last week, where it breaks into the P44 mark, economists say that peso is seen to weaken anew, adding that it would be seen retreating back to P46-to-$1 at the height of the local and national elections.
Having a pause from its seven-day rally against the dollar last Thursday, the local currency [...]
April 10, 2010
Tags: business news, finance, Foreign exchange, money, P46 to $1, Philippine pose, US dollar Posted in: Consumers, Foreign exchange, Philippine business news, Philippines, banking, economy, finance, money One Comment
PNB, Bank of China tie up in handling remittances
Philippine National Bank (PNB), the country’s seventh largest bank in terms of assets, has signed an agreement with the Bank of China (BOC) in handling remittances of Chinese nationals who are based in Italy. PNB’s tie-up with BOC expands the market coverageВ PNB Italy SpA, which was established primarily to facilitate remittances of Filipinos who [...]
April 8, 2010
Tags: agreement, Bangko Sentral, bank, Bank of China, banking, Boc, contract, Foreign exchange, money, network, OFW, Philippine National Bank, Philippines, PNB, remittances Posted in: Corporations, Foreign exchange, OFWs, Philippine banks, Philippines, banking, economy, finance, money No Comments
