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The year that was

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It’s Christmas Day and in just a week, we can officially say goodbye to 2013. It is thus an opportune time to do a recap of the year that was, and may I say that this year has been a truly eventful one, to say the least.

Posted: December 24th, 2013 in Columnists,Headlines,Inquirer Columns,Money | Read More »

Solons seek to regulate ATM fees

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ATM

Lawmakers have filed a bill seeking to standardize rates of automated teller machine (ATM) transaction charges.

Posted: September 29th, 2013 in Latest Business Stories,Money | Read More »

Latvia gets green light to become 18th eurozone member

AP FILE PHOTO

The tiny Baltic state of Latvia received the green light from its European partners Tuesday to become the 18th member of the eurozone from next year.

Posted: July 9th, 2013 in Latest Business Stories,Money | Read More »

US stocks mixed ahead of July 4 holiday

In this Friday, June 28, 2013 photo, trader Robert Vella, left, works on the floor of the New York Stock Exchange.  U.S. stocks are getting off to a slow start after a three-day rally. U.S. stock futures are rising with industry watchers expecting automakers to post banner sales. The government also releases its May factory orders report Tuesday, July 2, 2013, and economists are looking for signs of an extended recovery in manufacturing. (AP Photo/Richard Drew)

US stocks Tuesday opened mixed as investors looked ahead to a holiday-shortened week capped with Friday’s big labor market report.

Posted: July 2nd, 2013 in Latest Business Stories,Money,Stocks | Read More »

PH stocks in historic fall

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pse-logo

Foreign funds are pulling out of regional stock markets in anticipation of reduced monetary stimuli from major central banks, sending the local stock barometer to unprecedented freefall and wiping out most of the gains for the 2013.

Posted: June 13th, 2013 in Latest Business Stories,Money,Stocks | Read More »

April budget surplus biggest in 25 years

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AT ITS LOWEST  The peso hit the 44:$1 territory on Tuesday, Oct. 4, 2011, settling at 44.08, its lowest level in eight months, due to the prolonged eurozone debt crisis.

MANILA, Philippines—The Aquino administration posted a budget surplus of P26.26 billion in April, the biggest in 25 years and more than 10 times the P2.6-billion surplus a year ago, Finance Secretary Cesar V. Purisima announced Monday. The fiscal performance for the month of April brought the record for the first four months to a surplus [...]

Posted: May 23rd, 2011 in Editor's Pick,Featured Gallery,Headlines,Money,Photos & Videos | Read More »

Peso sheds off value as investors avoid risks due to Euro debt issues

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MANILA, Philippines—The peso closed even weaker on the first trading day of the week as investors once more manifested risk aversion to assets from emerging economies due to lingering concerns over the debt crisis in the Euro zone. The local currency closed at 43.43 against the US dollar on Monday, down by 31 centavos from [...]

Posted: May 23rd, 2011 in Latest Business Stories,Money | Read More »

Country’s BOP stood at a surplus in April

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money-l

MANILA, Philippines—The flow of dollars and other foreign currencies into the country outstripped the outflows recorded in April, as remittances and portfolio investments remained robust. The Bangko Sentral ng Pilipinas said the surplus in the country’s balance of payments (BOP) would further boost the country’s foreign exchange reserves, which had been hitting record levels in [...]

Posted: May 19th, 2011 in Featured Gallery,Headlines,Money,Photos & Videos,Remittance | Read More »

Should bonds be part of my portfolio?

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Question: CNBC cable channel has a scroll listing Philippines 10-year bonds at 7 percent or 8 percent. Are there such bonds? Are they Government of Philippines bonds? How does one buy them? —Thomas Answer: BEFORE we answer the question, let’s talk about investing in general and then bonds in particular. Some people say investing is [...]

Posted: April 27th, 2011 in Headlines,Money | Read More »

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