Earnings – Philippines

by Lawrence Agcaoili – The Philippine Star, 20 Dec 2021 MANILA, Philippines — More families of overseas Filipino workers (OFWs) are saving and investing less in the fourth quarter despite the projected rebound in remittances, as host countries gradually recover from the impact of the pandemic.

by Lawrence Agcaoili – The Philippine Star, 17 Dec 2021 MANILA, Philippines — Placements under a voluntary retirement savings program jumped by 62 percent to P237 million as of end-September from a year ago as more Filipinos are opting to save more, according to the Bangko Sentral ng Pilipinas.

by Lawrence Agcaoili – The Philippine Star, 1 Nov 2021 MANILA, Philippines — A typical Filipino family consisting of five members spends more than what it earns in a month, according to a 2018 Consumer Finance Survey commissioned by the Bangko Sentral ng Pilipinas (BSP).

by Louella Desiderio – The Philippine Star, 1 Oct 2021 MANILA, Philippines — Over 60 percent of consumers saw their income decline amid the pandemic, according to the third quarter survey of information and insights company TransUnion.

by Louise Maureen Simeon – The Philippine Star, 1 Sep 2021 MANILA, Philippines — Three in every five poor Filipinos said their income fell this year as the pandemic drags on and continues to impact the most vulnerable sector of society.

by Lawrence Agcaoili (The Philippine Star), 23 Sep 2020 MANILA, Philippines — The country’s banking industry recorded a double-digit growth in deposits in the first semester as more Filipino households substantially raised their savings amid the coronavirus pandemic, according to the Bangko Sentral ng Pilipinas (BSP).

A Filipino family of five’s economic standing based on their monthly income. Data was presented to the Senate finance committee by the Philippine Institute for Development Studies (PIDS). | via @sherieanntorres pic.twitter.com/jpm4XXZWmu — ABS-CBN News Channel (@ANCALERTS) September 17, 2020

by Daxim L. Lucas, Philippine Daily Inquirer, 8 Sep 2020 The central bank on Tuesday (Sept. 8) urged Filipinos to take advantage of an “underutilized” law to fatten their pension programs, noting that Philippine citizens were among the most poorly prepared in the region for the financial challenges of retirement.

by Lawrence Agcaoili (The Philippine Star), 13 Aug 2020 MANILA, Philippines — Earnings of Philippine banks slumped by 29 percent to P86.05 billion in the first semester from P110.97 billion in the same period last year as the industry’s provision for non-performing loans (NPL)breached the P100-billion mark due to the impact of the coronavirus pandemic,…

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by Mary Grace Padin (The Philippine Star) – Aug 8, 2019 – 12:00am MANILA, Philippines — Six out of 10 Filipinas manage their own household’s budget, but only two of 10 are able to put money into savings, according to a study commissioned by Insular Life Assurance Co. Ltd. (InLife).

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by Mary Grace Padin (The Philippine Star) – Apr 6, 2019 MANILA, Philippines — Filipinos have set aside only 3.6 months’ worth of personal savings for their retirement, the lowest among eight countries in Asia, according to a survey conducted by Manufacturers Life Insurance Co. (Manulife).

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While there’s variation depending on position, the top ranking schools are fairly consistent By Entrepreneur Staff, Jul 18, 2017 While it’s usual to ask a work colleague or even a casual acquaintance what school they graduated from, it’s never polite to ask them how much their salary is. But it’s one of the things we’ve…

MORE than half of Filipinos still rely on family members or friends for loans, according to official data, illustrating a financial divide that excludes a significant chunk of the population from participating in the formal economy.

MORE Filipino households were able to set aside money as savings in the second quarter, as the country’s economic prospects turned rosier in the April-to-June period based on a survey conducted by the Bangko Sentral ng Pilipinas (BSP).

(Reuters Health) – In a large new U.S. study, migraine headaches were found to be more likely to happen to people with lower household incomes, but tended to go into remission at the same rate for people at all income levels.

MANILA – Personal finance guru Suze Orman last year told OFW families to think about where their money comes from so that they would have an idea how to manage their funds.

FILIPINO households are saving less despite higher incomes, a worrisome trend considering that those who are not setting money aside are also cutting back on important items such as education.

THE Philippines last year joined Asia’s emerging markets with an expanding middle class after it posted a per-capita gross domestic product of more than $2,000, according to economists.

Filipino consumers will continue to save in anticipation of the proverbial rainy day as the country’s real interest rate remains positive, the Bangko Sentral ng Pilipinas (BSP) said this weekend.

MANILA, Philippines – Most Filipinos prefer cash gifts over non-monetary gifts this Christmas, a Western Union-sponsored survey showed.

THE World Bank on Tuesday raised sharply its growth forecast for the Philippines this year as it urged the government to ramp up investments to support growth over the medium term. In its East Asia and Pacific Economic Update, the Washington-based lender projected that the Philippine economy, as measured by its gross domestic product (GDP),…

If you are like most employed people, chances are, your salary, whether high or low, never seems to be enough. There are just so many things that you can do with your hard-earned money: pay bills or for your child’s schooling; buy groceries or a new TV set; save for a rainy day or invest…

Filipinos and the young, single and independent top the list in the region of consumers planning to save more, according to the latest MasterCard survey on consumers’ saving priorities.

Local investors are growing in the bourse reflecting the interest of more Filipinos to infuse money in the stock market, a study released yesterday by the Philippine Stock Exchange (PSE) showed.

WHILE GAINS in poverty alleviation may have been achieved, a government-sponsored profile shows much still needs to be done to bridge the income gap among Filipinos. Rich families spend less of their income in basic needs.

Companies based in the Philippines took out more than $5 billion in 2009 to repay their debt or lend to other companies abroad.