Peso seen at P41.50:$1 this year
In spite of the continuous strengthening of the Philippine Peso, London-based Barclays Capital says it sees the the peso at P41.50 to $1 instead of P40 to $1 this year. This is because of the continued increase in global oil prices. According to the latest research note of Barclays Capital economist Prkriti Sofat, the investment [...]
March 13, 2011
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Roy · 
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Tags: Barclays Capital, economy, finance, Foreign exchange, global, money, Philippine peso, US dollar · Posted in: banking, economy, entrepreneur, entrepreneurship, finance, Government, money, Philippine business news, Philippines
Philippine remittances in 2010 reached $18.8 B
Remittances to the Philippines reached $18.8 billion in 2010, according to the Bangko Sentral ng Pilipinas (BSP) report. In December 2010, money sent home by overseas Filipino rose 8.1% to $1.69 billion, bringing total remittances for the year to a record of $18.76 billion. This record represents an 8% increase from the previous and beating [...]
February 15, 2011
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Tags: business news, finance, foreign remittance, forex, money, Philippines · Posted in: banking, economy, finance, Government, money, Philippines
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
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Tags: covered call, earning potentials, finance, investment, money · Posted in: business opportunity, money, Product Reviews
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 [...]
May 25, 2010
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Tags: Business, finance, money, OFWs, Philpass, remittances · Posted in: Announcement, banking, Consumers, economy, finance, Government, money, OFWs, Philippine business news, Philippines
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 [...]
May 24, 2010
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Tags: Bankard, Business, credit card, fashion, finance, Mango, Mango-RCBC Bankard MasterCard, MasterCard, money, Philippines, RCBC · Posted in: Announcement, banking, Consumers, finance, Loans, money, Philippine banks, Philippines, Products
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 [...]
May 16, 2010
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Tags: bank, banking, borrowing, BSP, FCDU, finance, First Gas, foreign currency, loan, money, Philippines, power plant · Posted in: banking, Corporations, economy, finance, Foreign exchange, money, Philippine business news, Philippines
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 [...]
May 7, 2010
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Tags: business news, finance, foreign currency, Foreign exchange, iRemit, Italy, money, non-bank, OFW, overseas Filipino workers, Philippines, remittance, Rome · Posted in: Announcement, banking, Consumers, Customer Service, economy, finance, Foreign exchange, International relations, money, OFWs
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 [...]
April 27, 2010
· Roy · One Comment
Tags: finance, investment instruments, investments, money, OFWs, retail treasury bond, RTB · Posted in: entrepreneurship, finance, Foreign exchange, investments, money, OFWs, Philippine business news
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 [...]
April 10, 2010
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Tags: business news, finance, Foreign exchange, money, P46 to $1, Philippine pose, US dollar · Posted in: banking, Consumers, economy, finance, Foreign exchange, money, Philippine business news, Philippines
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 [...]
March 27, 2010
· Roy · 3 Comments
Tags: Bangko Sentral, BSP, business news, Central Bank, currency, finance, legal tender, monetary, money, Peso, Philippines · Posted in: Announcement, banking, Consumers, economy, entrepreneurship, finance, Government, money, Philippine business news, Philippines
