THE Philippines last year joined Asia’s emerging markets with an expanding middle class after it posted a per-capita gross domestic product of more than $2,000, according to economists. Read the rest of this entry »

Filipino consumers will continue to save in anticipation of the proverbial rainy day as the country’s real interest rate remains positive, the Bangko Sentral ng Pilipinas (BSP) said this weekend. Read the rest of this entry »

MANILA, Philippines – Most Filipinos prefer cash gifts over non-monetary gifts this Christmas, a Western Union-sponsored survey showed. Read the rest of this entry »

THE World Bank on Tuesday raised sharply its growth forecast for the Philippines this year as it urged the government to ramp up investments to support growth over the medium term. In its East Asia and Pacific Economic Update, the Washington-based lender projected that the Philippine economy, as measured by its gross domestic product (GDP), would grow 6.2 percent this year, higher than the lender’s earlier projection of 4.4 percent. Read the rest of this entry »

If you are like most employed people, chances are, your salary, whether high or low, never seems to be enough. There are just so many things that you can do with your hard-earned money: pay bills or for your child’s schooling; buy groceries or a new TV set; save for a rainy day or invest .. the list is endless. Read the rest of this entry »

Filipinos and the young, single and independent top the list in the region of consumers planning to save more, according to the latest MasterCard survey on consumers’ saving priorities. Read the rest of this entry »

Local investors are growing in the bourse reflecting the interest of more Filipinos to infuse money in the stock market, a study released yesterday by the Philippine Stock Exchange (PSE) showed. Read the rest of this entry »

WHILE GAINS in poverty alleviation may have been achieved, a government-sponsored profile shows much still needs to be done to bridge the income gap among Filipinos.

Rich families spend less of their income in basic needs. Read the rest of this entry »

Companies based in the Philippines took out more than $5 billion in 2009 to repay their debt or lend to other companies abroad. Read the rest of this entry »

MANILA, Philippines – Total savings in the Philippines retreated by more than three percent during the height of the global financial and economic downturn as well as soaring commodity prices in 2008. Read the rest of this entry »