I have time and again found myself buying stuff that I don’t really need because of sales offers and gimmicks, especially during the Christmas season. What is the best way to avoid unwanted spending?—Heavy holiday season shopper
Filipino consumers continue to have one of the highest confidence levels to spend in the third quarter of the year among residents of 58 countries surveyed by media research firm Nielsen.
Outstanding credit card debts of consumers in the country grew by a double-digit pace in the first semester as the robust appetite of Filipinos to spend triggered more credit-aided purchases.
Question: I’m a family man and sometimes I feel guilty spending money on our birthday celebrations and family bonding. How much should I be spending on bonding activities for my family?—Asked via e-mail, name withheld upon request
The Philippines needs more private-sector investments and increased government spending in infrastructure and social-protection programs to temper the effects of the global economic crisis, according to a new World Bank report.
I have been busy the past few days and I haven’t bought my Christmas gifts yet for my friends and loved ones. I am running low on my cash as I am also planning to host a Christmas party in my house and go on vacation next week. Should I use my credit card to pay for my purchases?—Tonie by e-mail
San Miguel Corp.’s wireless Internet arm Liberty Telecoms Holdings Inc. continued to report an acceleration in spending as it grew its user base and network reach.
Beneficiaries of dollar remittances sent by overseas Filipino workers spend the bulk of the funds they receive on household needs, leaving only a small fraction for savings or investments, a survey from media research firm Nielsen revealed. In a briefing, Nielsen officials said that about 96 percent of OFW remittance recipients spend their money on [...]
The economy’s growth prospects for the second half of 2011 appears to be better than that seen in the preceding semester, according to the National Economic and Development Authority (NEDA). Ruperto P. Majuca, assistant director-general for planning and policy of NEDA, said in a phone interview that government spending would soon accelerate and the effects [...]
The Department of Budget and Management (DBM) has released this month P1.34 billion to fund various flood-control projects. In a statement, DBM said the disbursement in August put the total disbursements this year for flood-control projects to P5.16 billion. “These projects are urgently needed to mitigate flooding in low-lying areas and to prevent damage to [...]
The Philippines is accelerating spending on infrastructure to ward off the ill effects of the US credit downgrade and other outside shocks, according to Socioeconomic Planning Secretary Cayetano W. Paderanga Jr. Paderanga talked about the strategy in Cebu, where the National Economic and Development Authority (NEDA) launched a caravan promoting the Philippine Development Plan. Paderanga [...]
The budget department said spending would “dramatically” rise in the second half in such a way that the deficit for the year would widen to at least P260 billion. Budget Secretary Florencio Abad said there was a tall order for his office to reverse in the second half the underspending seen in the first six [...]
