MANILA, Philippines – Debt or “utang” is not just a financial tool anymore. It is the lifeline that keeps many Filipino families afloat. With consumer spending making up about 70 percent of the economy, every peso that is spent keeps the economy moving. When households keep buying, businesses do well but when they cut back,
Category: finance
MANILA, Philippines — The Philippines’ gross international reserves rose to $108.8 billion in September, the highest in 11 months, as higher gold prices boosted the value of the central bank’s holdings. The figure climbed from $107.1 billion in August, reflecting gains from global gold prices, investment income, and foreign currency deposits by the national government,
The Tokyo District Court on October 6th sentenced former Mitsubishi UFJ Bank assistant branch manager Yukari Yamazaki to nine years in prison for stealing about 400 million yen worth of gold bars and cash from a bank safe deposit vault.
Canara Robeco AMC’s Rs 1,326 cr IPO to open on Oct 9
Canara Robeco AMC’s Rs 1,326 cr IPO to open on Oct 9
Key Takeaways Why is Pi Network facing rug pull claims again? It has plunged over 90%, erasing nearly $18 billion in market cap and fueling investor distrust. Whats next for PI? Without resolviThe post Pi Network sheds $18B in six months: Thats basically a rug pull appeared first on AMBCrypto.
MANILA, Philippines – Maynilad Water Services Inc. inched closer toward its P45.8-billion initial public offering (IPO) this month after obtaining the approval of the Philippine Stock Exchange. The operator of the local bourse said in an advisory on Monday that Maynilad would offer up to 2.3 billion shares for as much as P20 each. The
The government’s debt service burden more than tripled in August, driven by higher amortization payments following a mammoth settlement of maturing bonds. Debt payments surged by 257 percent year-on-year to P664.7 billion, according to the latest cash operation report of the Bureau of the Treasury. This brought the eight-month tally to P1.54 trillion, nearly flat
Following a wave of renewed retail activity, analysts are speculating whether SHIB can reclaim the $0. 00005 mark and reignite its [.] The post Shiba Inu Price Prediction: Can SHIB Reclaim $0. 00005 While AlphaPepe Becomes the Best Crypto to Buy Now appeared first on Coindoo.
Why, though, is cash usage shrinking so fast? Whatever the reason, it is under the kibosh. It made up just 9 per cent of payments last year.