Why do many go to pawnshops more than banks?
By Michelle V. Remo
For many Filipinos, pawning jewelry at a neighborhood pawnshop has been the most common and quickest way to address an urgent need for relatively small amounts of cash.
For many Filipinos, pawning jewelry at a neighborhood pawnshop has been the most common and quickest way to address an urgent need for relatively small amounts of cash.
Businessman and diplomat Philippe J. Lhuillier says he cannot explain why he feels happy most of the time.
Cebuana Lhuillier Services Corp. expects the amount of remittances it facilitates to grow between 30 and 40 percent this year, and to expand further over the medium term as it partners with an international money transfer firm to capture a bigger market of overseas Filipino workers.
