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Remittance money spent on wants not needs?

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OFWs from Libya: Philippine companies, like AG&P, looks to “pirating overseas Filipino workers as one of their strategies in expanding their workforce. INQUIRER PHOTO/RODEL  ROTONI

Overseas Filipino workers (OFWs) send millions of dollars in remittances back to their families in the Philippines, but is the money being spent on needs instead of wants?

Posted: February 26th, 2014 in Latest Business Stories | Read More »

The truth (in buying) shall set you (financially) free

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Photo shows an electric induction cooker. To help you become financially free, find out the truth behind a product, especially when promotion is hyped up.  PHOTO FROM ALIBABA.COM

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

Posted: December 12th, 2012 in Headlines,Personal Finance | Read More »

PH consumers among world’s most bullish

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Shoppers queue at a bakeshop in SM Southmall in Las Piñas City on Aug. 4, 2012. Filipino consumers continue to have one of the highest confidence levels to spend in the third quarter of 2012, according to a survey of residents in 58 countries.  PHOTO BY RICK ALBERTO

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.

Posted: October 31st, 2012 in Editor's Pick,Featured Gallery,Headlines,Photos & Videos | Read More »

Credit card debts surge 13% to P137B in 1st semester

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Mastercard

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.

Posted: October 29th, 2012 in Latest Business Stories | Read More »

Spending on family bonding

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Dining at Chili’s in Rockwell Power Plant mall. Allocate certain amounts for birthday celebrations, family vacations and the occasional dining in special places. These things, while costly, are important.

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

Posted: August 29th, 2012 in Headlines,Personal Finance | Read More »

More investments, gov’t spending in infra urged

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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.

Posted: July 20th, 2012 in Headlines | Read More »

Should I use my credit card during holiday season?

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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

Posted: December 20th, 2011 in Editor's Pick,Headlines | Read More »

Liberty Telecoms posts losses on higher spending

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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.

Posted: November 21st, 2011 in Headlines | Read More »

OFW families big spenders on household needs

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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 [...]

Posted: October 14th, 2011 in Headlines | Read More »

Public spending expected to pick up in H2

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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 [...]

Posted: August 19th, 2011 in Headlines | Read More »

Flood control projects get P1.34B funding

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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 [...]

Posted: August 15th, 2011 in Headlines | Read More »

Philippines to increase infra spending to ward off effects of US turmoil

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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 [...]

Posted: August 12th, 2011 in Headlines | Read More »

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