The rise of PH digital banking: Targeting the ‘unbanked’ sector

Carl Lorenciana 08/03/2024

CEBU CITY, Philippines — As the Bangko Sentral ng Pilipinas (BSP) starts accepting applications for digital banking licenses again, the Philippine financial sector is set for a big change. This move highlights the important role digital banks…

Valentine’s Day tips for talking about money as a couple

02/11/2024

NEW YORK (AP) — Money might not be the most romantic topic for Valentine’s Day, but talking about finances with your significant other is a key element of a healthy relationship. Money problems are one of the…

Teach financial literacy in senior high, bill proposes

Julie Aurelio 12/30/2023

MANILA, Philippines — Cagayan de Oro City Rep. Lordan Suan suggests adding financial literacy education, covering savings, investing, insurance, and taxes, to the senior high school curriculum for better-informed financial decisions by the youth. Suan filed House…

Proposed budgets of city hall offices in balance as city gov’t concludes budget hearing

Rashe Zoe Sophia Piquero 11/24/2023

CEBU CITY, Philippines – The Cebu City government has finally concluded its budget hearing for the 2024 annual budget.  However, the aftermath placed the proposed budget of the 36 departments and offices at Cebu City Hall in…

P1,000 bill named ‘Bank Note of the Year’

Ronnel W. Domingo 05/05/2023

Bank note collectors and researchers around the world picked the Philippines’ polymer P1,000 bill as its “Bank Note of the Year 2022” in appreciation of its “eye-pleasing” design as well as its underlying promotion of ecological conservation.…

Cebu City Council set to pass P1.2B supplemental budget on Wednesday 

Delta Dyrecka Letigio 06/28/2022

CEBU CITY, Philippines—Before the end of the term of 15th Sangguniang Panglungsod, the council members are set to pass one last Supplemental Budget on Wednesday, June 29, 2022.  Incoming Vice Mayor and incumbent majority floor leader, Councilor…

China economy grows 4.9% in Q3, extending virus recovery

10/19/2020

Beijing, China—China’s economy grew 4.9 percent on-year in the third quarter, sustaining its rebound from bruising virus lockdowns and moving closer to pre-pandemic levels, official data showed Monday, October 19, 2020. The world’s second-largest economy grew slightly…

P1M to P3M COVID-19 aid for Cebu City barangays

Delta Dyrecka Letigio 03/28/2020

CEBU CITY, Philippines — All 80 barangays in Cebu City will be given financial aid or assistance so that they can deal with the enhanced community quarantine (ECQ), which is implemented to prevent the spread of the…

EU finance ministers reach eurozone reform deal

AFP 12/04/2018

EU finance ministers agreed reforms to better fight against a financial crisis on Tuesday that fell short of the original ambitions to relaunch Europe by French President Emmanuel Macron. The agreement between the EU’s 27 finance ministers,…

A finance man for others

Efren Cruz 11/01/2017

Question: What are the qualities of a true financial adviser? – asked at “Ask a friend, ask Efren” free service available at www.personalfinance.ph and Facebook. Answer: Of late, there has been a significant growth in the number…

Finance chief: Duterte foreign trips to bring in $59.3B economic gains

Inquirer.net 10/11/2017

Even as foreign direct investment (FDI) lagged so far this year, economic managers were optimistic of the gains from President Rodrigo Duterte’s overseas visits, which they said will bring in $59.3 billion in economic benefits. Finance Secretary…

Finance expert: Film industry can boost Cebu’s economy

Irene R. Sino Cruz 09/15/2017

Developing the film industry will boost Cebu’s economy said Gin Kai Chan, a Singapore-based financing expert with focus on film production. Chan is chief executive officer of Silver Media Group, a private media fund, and president of…

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