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
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
BSP to issue peso bills with new designs by December
By December of this year, we could be having new designs on our peso bills. The Bangko Sentral ng Pilipinas (BSP) would begin circulating by December the new peso bills, while coins will follow suit after two years.
According to the BSP, aside from having new designs, the new bills and coins will also have new [...]
March 27, 2010
Tags: Bangko Sentral, BSP, business news, Central Bank, currency, finance, legal tender, monetary, money, Peso, Philippines Posted in: Announcement, Consumers, Government, Philippine business news, Philippines, banking, economy, entrepreneurship, finance, money 3 Comments
Declare bets’ bank accounts
Now, here’s a good suggestion. Presidential aspirant Gilberto “Gibo” Teodoro Jr. wanted bets bank accounts bared.
The Lakas-Kampi-CMD standard-bearer said that the bank secrecy law should be lifted or at least be reviewed to help unmask the financial activities of politicians who are suspected to have links to the illegal drug trade.
Gibo was reacting to the [...]
March 6, 2010
Tags: bank secrecy law, banking law, finance, Philippines, RA 1405, Republic Act 1405 Posted in: Announcement, Government, Law, Philippine banks, Philippine business news, Philippines, banking, economy, finance, money No Comments
Five banks signed trade finance agreement with ADB
The Asian Development Bank is making funds available to Philippine traders via its $1-billion regional facility. To help traders get access to this fund, the ADB signed a trade finance agreement with five banks – Development Bank of the Philippines, Metropolitan Bank and Trust Co., Philippine National Bank, Rizal Commercial Banking Corp. and Allied Banking [...]
February 23, 2010
Tags: ADB, bank, banking, finance, funds, money, Philippine Posted in: Announcement, Corporations, Loans, Opportunities, Philippine banks, Philippine business news, Philippines, banking, economy, finance, money No Comments
