Cash, plastics and e-money, it’s the customers call
“Cash is king,” or so the saying goes.
View ArticleSteady cash flow in ‘Yolanda’-hit areas to boost rebuilding efforts
Several officials from the government and private sectors have agreed on one step towards normalcy for Supertyphoon “Yolanda”-stricken areas – the circulation of cash among banks and businesses.
View ArticleWhen cash is not king
Question: I guess I have no choice but to pay taxes once my assets are transferred to my spouse and children when I move on to the next life. But could I just set aside cash in the bank to pay for such...
View ArticleCash, plastics and e-money, it’s the customers call
“Cash is king,” or so the saying goes.
View ArticleCash supply ensured during Pope’s visit; banks’ select branches to stay open
The Philippine banking system is bracing for a surge in cash requirements this long weekend in line with the non-working holidays declared in connection with the Papal visit.
View ArticleDigital options abound but cash still king in PH
IN THEORY, the average working Filipino could go through an entire day—maybe an entire month, or longer—without ever having to touch a peso bill or coin to transact for his day-to-day needs.
View ArticleRemittances growth slows in July
Cash sent home by migrant workers in July grew at the slowest pace in six months as the dollar’s recent strength brought down the value of remittances denominated in other currencies.
View ArticleWhat does it mean to become financially fit?
Question: I have a very stable job that pays me good salary but I can’t seem to manage my monthly expenses and I always run out of cash. I want to start saving for my retirement but I don’t know where...
View ArticleRemittances in August jumped 16.3% to $2.3B
Cash sent home by Filipinos living and working abroad in August grew at its fastest pace in over two years, jumping 16.3 percent year-on-year to $2.319 billion.
View ArticleApple’s dilemma: what to do with $256 billion cash pile
It is a sign of Apple's success but also a thorny problem: its cash stockpile has hit a staggering $256.8 billion, sparking debate on what do with such massive reserves.
View ArticlePLDT raising cash, unloading stake in Germany’s Rocket Internet
Telco giant PLDT Inc. announced the beginning of its exit from Germany’s Rocket Internet as it seeks to raise money to finance its historic capital spending of P58 billion in 2018.
View ArticleWeekly mop up of inflationary cash starting to work, says BSP chief
The amount of excess cash being offered by the country’s financial institutions as deposits in the central bank’s liquidity management facility have begun to align themselves with the weekly volumes...
View ArticleCash crunch: ATMs run dry in India
Automated Teller Machines (ATMs) have run dry once again in several parts of India, bringing back ugly memories of November 2016, when the Bharatiya Janata Party-led government decided to devalue...
View ArticleIn high-tech Japan, cash is still king
Once a pioneer in cashless transactions, Japan is now lagging behind because its aging population still prefers physical money.
View ArticleBPI taps foreign debt market to keep cash flowing
One of the country’s oldest banks, Bank of the Philippine Islands (BPI), is returning to the offshore debt market with an updated medium-term note (MTN) program worth up to $2 billion or its equivalent...
View ArticleWB says PH’s 4Ps cash aid, which some senators want to replace with rice,...
The conditional cash transfers being given to poor families under the 12-year-old Pantawid Pamilyang Pilipino Program (4Ps) have helped reduce poverty and income inequality in the Philippines and...
View ArticleOn a roll, BSP makes it cheaper for banks to issue bonds
Starting next month, banks will have more cash to lend out for productive uses after the central bank approved a cut in the amount of liquidity that financial institutions must set aside to back up...
View ArticleBSP notes ‘steady growth’ of remittances from Filipinos abroad
Dollars sent home by Filipinos abroad continued to rise in August as both land- and sea-based workers remitted more cash to their local beneficiaries, according to latest data from the Bangko Sentral...
View ArticleBSP pulls off welcome surprise: Another cut in bank reserve requirements
The central bank on Thursday kept its reform market momentum moving while giving the Philippine economy a boost by reducing, again, the reserve requirement of local financial institutions by 100 basis...
View ArticleBSP chief Diokno: PH to be ‘cash-lite’ by 2023
Financial transactions in the digital world are increasing and were likely to turn the Philippines “cash-lite” by 2023, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno on...
View ArticleBSP cites study showing cashless payments on the rise in PH
Commitment to electronic payments was renewed at a summit held on Monday, Dec. 2, headed by the Bangko Sentral ng Pilipinas (BSP). The “Digital Payments Leaders Summit” was used as venue for the...
View ArticlePinoy expats sent home record amount of dollars in 2019 — BSP
Dollars sent back to the Philippines by expatriate Filipinos hit their highest level in history in 2019, thanks to the growing amount of dollars remitted by land-based workers with long term contracts,...
View ArticleBOC confirms $370M in dirty money entered PH with PNP, AFP, airport escorts
Two suspected syndicates brought into the Philippines at least $370 million (P18.7 billion) in foreign dirty money that Sen. Richard Gordon had flagged as possibly being used for criminal activities in...
View ArticleMore cash circulating now shows rate cuts working
The amount of money circulating in the Philippine financial system is growing at a faster pace, according to new data from the Bangko Sentral ng Pilipinas (BSP), an indication that rate cuts made last...
View ArticleTreasury rejects T-bill bids as rates go ‘over the roof’
Bid rates for T-bills went “over the roof”, prompting rejection by the Bureau of Treasury on Monday (March 30). The rate surge came as Luzon entered the third week of a one-month enhanced community...
View ArticleDBM already released P100B to DSWD for COVID-19 relief cash aid
At least P100 billion for distribution to households vulnerable to COVID-19 restrictions has already been released to finance at least two months’ worth of aid, Duterte administration economic managers...
View ArticleLand Bank distributes P24.7M to OFWs displaced by pandemic
The Land Bank of the Philippines (LBP) has already released P24.7 million in cash aid to overseas Filipino workers (OFWs) displaced by the COVID-19 pandemic . In a statement on Thursday (May 7), the...
View ArticleBSP-led digital transition prepared PH economy for pandemic
Substantial progress made in the government’s “digital transformation agenda” has helped prepare the country for the ongoing COVID-19 pandemic, including the ability to disburse cash aid to...
View ArticleBSP to issue its own debt papers starting Sept. 18
The central bank will start issuing its own debt instruments starting next week in a move that officials said would allow the monetary regulator to better manage the amount of cash circulating in the...
View ArticleCash still king in PH, but hold on the throne weakening
When strict COVID-19 lockdowns were enforced beginning March, restaurateur and chef Katrina Kuhn-Alcantara knew she needed to pivot fast as businesses activity ground to a halt around the country. She...
View ArticleJapan’s households, firms continue to hoard cash as coronavirus pandemic pain...
TOKYO — Japan’s currency in circulation and bank deposits rose at a record pace in January, data showed on Tuesday, a sign companies and households continued to hoard cash due to uncertainty over the...
View ArticleDo cash dividends increase the value of stocks?
In early 1960s, an American economist by the name of Myron Gordon suggested in his research that when a company pays dividends, it also tends to increase its market value in the long run. Gordon argued...
View ArticleUS pot sellers stash cash as banks leave them high and dry
The U.S. cannabis business has a very particular cashflow problem — too much of it. Marijuana can be sold legally in 36 U.S. states and the District of Columbia (D.C.) for medical use and in 15 of them...
View ArticleWhen it comes to paying bills, cash still king, survey says
Most Filipinos still prefer to pay their bills in cash despite the increasing adoption of digital payment platforms over the past two years amid mobility restrictions, according to a survey by The...
View ArticleWhy cash is king today
One of my most popular tweets last week was my comment that “Cash is king.” Many might have misinterpreted this to mean sell everything and just stay in cash. Just to clarify, I said “cash is king” not...
View ArticleSurging dollar tests China’s capital controls as cash flees
SHANGHAI/HONG KONG – Cash is leaving China’s financial markets at the fastest clip in years as investors flee a falling currency and sputtering economy, and analysts point to hints that more money is...
View ArticleChina central bank makes biggest weekly short-term cash injection since 2019
SHANGHAI – China’s central bank stepped up liquidity support this week by making the biggest weekly cash injection through a short-term bond instrument since 2019 to help financial institutions...
View ArticleWhere to put your money in 2023
Christmas this year was definitely not a happy one for investors in Philippine financial instruments, who thought 2022 was the year markets would recover and gaily wrapped gifts of better returns and...
View ArticleCash-on-delivery makes comeback as payment method of choice
Despite increasing digital adoption, online merchants still need to provide a cash payment option for customers who may be skeptical of products offered and are thus hesitant to pay online, according...
View ArticleSilicon Valley Bank’s former owner, FDIC bracing for fight over $2B
SVB Financial Group and the federal regulator that closed its Silicon Valley Bank unit indicated at a bankruptcy court hearing on Tuesday that a fight is looming over $2 billion of the former parent...
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