Earnings – Philippines

Families of OFWs saving and investing less

Published by rudy Date posted on December 20, 2021

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.

Read more

More Pinoys saving money for retirement – BSP

Published by rudy Date posted on December 17, 2021

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.

Read more

1 Nov 2021 – Pinoys spend more than they earn

Published by rudy Date posted on November 1, 2021

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).

Read more

1 Oct 2021 – Pandemic causes income slip in 64% of consumers — survey

Published by rudy Date posted on October 1, 2021

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.

Read more

1 Sept 2021 – 60% of Pinoys say income lower in pandemic year

Published by rudy Date posted on September 1, 2021

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.

Read more

More Filipinos opting to save amid pandemic

Published by rudy Date posted on September 23, 2020

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).

Read more

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).

Published by rudy Date posted on September 17, 2020

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

Read more

BSP says Filipinos financially ill-prepared for retirement, offers ‘Digital Pera’

Published by rudy Date posted on September 8, 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.

Read more

NPL provisions reduce banks’ profits by 29%

Published by rudy Date posted on August 13, 2020

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,…

Read more

COVID-19 pandemic makes Filipinos mindful of personal finances

Published by rudy Date posted on May 8, 2020

Read more here.

Read more

Only 21% of women in Philippines have savings — study

Published by rudy Date posted on August 8, 2019

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).

Read more

Most Filipinos don’t save enough for retirement

Published by rudy Date posted on April 10, 2019

Read more here.

Read more

Filipinos’ retirement savings lowest in Asia — Manulife survey

Published by rudy Date posted on April 6, 2019

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).

Read more

POST PRANDIUM: It is good to raise the SSS member’s contribution

Published by rudy Date posted on March 31, 2019

Read more here.

Read more

Defining who’s rich: How rich is “rich” in the Philippines?

Published by rudy Date posted on July 24, 2017

Read more here.

Read more

Which schools produce the highest-paid employees according to JobStreet data?

Published by rudy Date posted on July 18, 2017

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…

Read more

Most Filipino borrowers go to informal sources for money

Published by rudy Date posted on May 27, 2015

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.

Read more

Number of households with savings up in Q2

Published by rudy Date posted on June 15, 2014

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).

Read more

Lower incomes linked to migraines

Published by rudy Date posted on September 5, 2013

(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.

Read more

WHERE’S MY MONEY?| Suze Orman to Pinoys: Be true to yourself, just say ‘No’

Published by rudy Date posted on May 16, 2013

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.

Read more

Statistics agency cites worrisome savings data

Published by rudy Date posted on July 10, 2012

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.

Read more

Philippines’ per capita income hits $2,000, finally

Published by rudy Date posted on April 4, 2011

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.

Read more

Upbeat real interest rate prods Filipinos to save

Published by rudy Date posted on February 13, 2011

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.

Read more

Most Pinoys prefer cash gifts this Christmas

Published by rudy Date posted on December 11, 2010

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

Read more

World Bank hikes RP growth forecast on remittances, investment

Published by rudy Date posted on October 20, 2010

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),…

Read more

Extra income for working people

Published by rudy Date posted on October 10, 2010

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…

Read more

Filipinos most savings conscious in region — poll

Published by rudy Date posted on August 30, 2010

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.

Read more

Filipinos investing more in stocks — study

Published by rudy Date posted on June 18, 2010

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.

Read more

Family earning at least P2.4M/year? You’re rich!

Published by rudy Date posted on June 17, 2010

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.

Read more

Profitable companies withdrew $5b in ’09

Published by rudy Date posted on April 6, 2010

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

Read more

Feb 20 – World Day of Social Justice

“Living wages for social justice.”

 

Continuing
Solidarity with CTU Myanmar,
trade unions around the world,
for democracy in Myanmar,
with the daily protests of
people in Myanmar against
the military coup and
continuing oppression.

 

Accept National Unity Government
(NUG) of Myanmar.
Reject Military!

#WearMask #WashHands
#Distancing
#TakePicturesVideos

Time to support & empower survivors.
Time to spark a global conversation.
Time for #GenerationEquality to #orangetheworld!
Trade Union Solidarity Campaigns
Get Email from NTUC
Article Categories