Finance

by Richmond Mercurio – The Philippine Star, 12 Sep 2021 MANILA, Philippines — Mobile wallet GCash has expanded anew its network of merchants to reach more Filipinos nationwide.

by RANDELL TIONGSON, 21 Jul 2021 Question: How should we do personal financial planning based on our culture? Unlike the west, we heavily support family members. Mike via Facebook Answer: I have been a student and a teacher of financial planning for many years and it is true that we do things very differently here…

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by Mary Grace Padin (The Philippine Star), 14 Oct 2020 MANILA, Philippines — Congress should immediately pass two pending fiscal reforms to address the urgent needs of pandemic-hit businesses as identified by a recent World Bank survey, according to the Department of Finance (DOF).

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By: Daxim L. Lucas, Inquirer Business, 2 Dec 2019 Commitment to electronic payments was renewed at a summit held on Monday, Dec. 2, headed by the Bangko Sentral ng Pilipinas (BSP).

by Angelica Y. Yang/BM, GMA News, 20 Nov 2019 The Department of Labor and Employment (DOLE) and the Bangko Sentral ng Pilipinas (BSP) expressed support for the e-payment of wages in formal accounts for private-sector workers in a joint forum with the labor sector on Monday.

by Iris Gonzales (The Philippine Star), 4 Nov 2019 MANILA ,Philippines —Illegal lending by Indian nationals or the so-called “5-6” has significantly decreased in the country amid the government’s crackdown against such activity.

by Aneth Ng-Lim, 28 Oct 2019 As All Saints’ Day draws near, we are reminded not only of the family and friends we’ve lost, but also of our own mortality. What have you done to secure your financial legacy? To some, this can be a complicated process that involves many investments and properties. The more…

by Roy Stephen C. Canivel, Philippine Daily Inquirer, Sep 17, 2019 MANILA, Philippine — More online lending companies may soon face government scrutiny after the Securities and Exchange Commission (SEC) on Monday said it had issued cease-and-desist orders against 19 online lending applications.

by Lawrence Agcaoili (The Philippine Star) – Sept 12, 2019 MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has strengthened its financial consumer protection framework in light of the increased complexity of financial products and rapid technological innovations in financial products and services.

by INQUIRER.net BrandRoom, Jun 25, 2019 Filipino-led blockchain and digital asset platform, Satoshi Citadel Industries (SCI) Ventures Inc., and Kakao Investment, virtual currency arm of Kakao Talk, Korea’s largest messaging app, announced an investment from P.J. Lhuillier, Inc. (PJLI), parent company of Cebuana Lhuillier, the largest non-bank financial services provider in the Philippines with 2,500…

by INQUIRER.net BrandRoom, Jun 24, 2019 Filipinos can now pay over 1,000 types of bills and perform other financial transactions practically anywhere using the new Bayad Center App.

by Business World, Jun 18, 2019 PAYPAL HOLDINGS, Inc. said a study it conducted has found that nearly 70% of freelancers in the Philippines have business plans, signalling their intention to make occasional work assignments become more sustainable over the long term.

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By Rea Cu, Businessmirror, Aug 8, 2018 THE Philippines risks its positive credit rating status if fiscal issues, in line with the shift to a federal form of government, remain unaddressed, the Department of Finance (DOF) told legislators.

(The Philippine Star) , Aug 5, 2018 MANILA, Philippines — The Bangko Sentral ng Pilipinas has reminded the public not to use their ATM (automated teller machine) cards as collateral for quick and easy loans from informal lenders or loan sharks.

by Lawrence Agcaoili (The Philippine Star), Jul 12, 2018 MANILA, Philippines — A total of 52.8 million Filipino adults do not have bank accounts amid the heightened efforts of the Bangko Sentral ng Pilipinas (BSP) to promote financial inclusion. Results of the BSP’s 2017 Financial Inclusion Survey (FIS) show 60 percent of the respondents reported…

https://www.cnbc.com/2018/05/17/vatican-says-amoral-financial-system-needs-infusion-of-ethics-more-regulation.html?__source=twitter%7Cmain The Vatican called for more regulation of markets and financial systems. Two Holy See departments drafted a document saying economic crises showed markets were not able to govern themselves and needed a strong injection of morality and ethics. The Vatican’s pronouncement is considered official teachings of the Catholic Church and could affect the attitude…

by Catherine Talavera (The Philippine Star) – Apr 21, 2018 MANILA, Philippines — Efforts to deepen financial inclusion in developing countries are gaining ground as over a third of Filipino adults now have financial accounts, the World Bank Group said.

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By Lawrence Agcaoili (The Philippine Star), Sep 19, 2017 MANILA, Philippines — The global ranking of the Philippines in terms of providing digital and financial inclusion zoomed to sixth place this year from 15th last year amid the reforms being pursued by the Bangko Sentral ng Pilipinas (BSP), the latest report from Washington-based think tank…

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By Christopher Lloyd T. Caliwan (philstar.com), January 10, 2017 MANILA, Philippines (Philippines News Agency) — Justice Secretary Vitaliano Aguirre II on Tuesday said that persons especially Indians engaged in the lending business more commonly known as “5-6” would be arrested even without a warrant of arrest.

by Janine Marie D. Soliman, Businessworld, Dec 24, 2016 FILIPINOS HAVE increased their use of basic financial services offered by banks after individuals gained more access to banking establishments in the past five years, according to the central bank.

When it comes to personal expenses, savings, and investments, how do millennials stack up? by Rappler.com MANILA, Philippines – According to latest figures, almost half of the Philippines’ employed population are millennials. Their collective spending power is shaping the direction of our economy – so it’s no surprise that advertisers and big brands want to…

Filipinos continue to seek credit from loan sharks and other informal lenders than go to banks for their financial needs, according to the results of a World Bank survey.