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Hot money leaves Philippines in May

More short-term foreign funds exited than entered the Philippines in May, reflecting market jitters in the face of higher US government debt yields and a depreciating peso, the Bangko Sentral ng Pilipinas reported on Thursday......»»

Category: newsSource: philstar philstarJun 14th, 2018

Hot money leaves PHL in February

MORE foreign funds left the Philippines in February compared to a year ago, reversing from January’s net inflows, in the face of uncertainties in the global market, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday. Foreign portfolio investments posted a $545.14-million net outflow last month, bigger than the $409.01 million that left the country […] The post Hot money leaves PHL in February appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 16th, 2018

Hot money leaves PHL in February

MORE foreign funds left the Philippines in February compared to a year ago, reversing from January’s net inflows, in the face of uncertainties in the global market, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday. Foreign portfolio investments posted a $545.14-million net outflow last month, bigger than the $409.01 million that left the country… link: Hot money leaves PHL in February.....»»

Category: newsSource:  manilainformerRelated NewsMar 15th, 2018

Aetas take part in Allianz Conquer Challenger

Allianz is doing something that has never been done before. The global insurer is celebrating the strength of indigenous people, particularly the Aetas of Porac, Pampanga, by introducing them to the rising sport of obstacle course racing (OCR). Last December 9, Sunday, the third leg of the Allianz Conquer Challenge was held in Clark Global City in Pampanga, where 20 Aetas, between 16 to 21 years old, raced together with 20 Allianz employees in the pairs category.  The Aeta participants are students of Villa Maria Integrated School, an adopted public school of Allianz PNB Life, atop the mountains in Porac, Pampanga. “We recognize the strength of the Aetas. So, aside from educating them with the basics of personal finance through our financial literacy program, we would like to impart to them the value of committing to achieve goals that they have to set. We want to give them a fair chance of having employment opportunities in the future,” explained Gae Martinez, chief marketing officer, Allianz PNB Life. Sunday’s race was a 10km-race composed of 25 obstacles, which was the same trail tackled by professional racers who competed for a slot in the upcoming South East Asian (SEA) Games. Just last month, OCR was announced a new addition to the SEA Games to be held in Clark, Pampanga.  Some of the obstacles during the race were hurdles, taho carry, tirador, spider web, monkey bars, wall of tire, slip wall, commando climb, among others. Those who incurred penalties for not being able to perform an obstacle had to carry a 30-pound sand bag. “OCR is an up and coming sport. It is gaining popularity in the Philippines. Allianz as a company uses sports to connect with communities. The Aetas from Villa Maria is one of the communities that Allianz here in the Philippines has chosen to support.  This is, in line with our advocacy to promote social inclusion, one of the pillars of our company’s Corporate Citizenship Strategy,” Martinez further said. One of the Aeta participants, Reyna Baclay, was thankful to be given the opportunity and to discover the sport that she said is closely similar to the activities they do in everyday life. “They carry sand bags here. In the mountains, we carry 50 kilos of camote or ube that we bring to the lowlands. If we sell, our families will have money to spend. By joining the race, I can tell people, I have a dream, too. I want to work in IT (information technology). I hope I can continue after I graduate,” said Baclay, who at age 18 is still a grade nine student. Another Aeta youth, Miracle Lansang, 20, grade 12, is dreaming of someday working for the air force. “I want to work for the air force. But they say I will not qualify because of my height. I have not lost my hope that it can still come true,” he said. Renz dela Cruz, 21, was a graduate of the same school. However, he had to stop and work giving a ride on his motorcycle, because his parents cannot afford to send him to college. “I dream of becoming a civil engineer. My family needs me now. I have brothers and sisters, who are studying,” he said. With the project “Sanlahi” of Allianz in the Philippines, there is hope for these Aeta youth. “Allianz is here to provide the courage to move forward, the courage to overcome life’s obstacles, for them to have better life,” Martinez said, ”As our tag line goes - we dare you to, because we’re with you.”.....»»

Category: sportsSource:  abscbnRelated NewsDec 11th, 2018

Trillanes leaves Philippines for speaking engagements in Europe

Sen. Antonio Trillanes IV left the country for Europe for speaking engagements on Tuesday morning......»»

Category: newsSource:  philstarRelated NewsDec 11th, 2018

Revilla concealed unexplained wealth, liable for graft – dissenting justice

MANILA, Philippines – Where did the money come from? This is the lingering question of Sandiganbayan Associate Justice Ma Theresa Dolores Gomez Estoesta, one of two justices of the anti-graft court who wanted to convict former senator Ramon “Bong” Revilla Jr of plunder. He was acquitted. ........»»

Category: newsSource:  rapplerRelated NewsDec 9th, 2018

Attracting the Filipino Gen Z

Aside from being heavily tech-oriented, Filipino Gen Zers---those born in 1996 and later---are looking to work not just for money, but for companies that are socially and environmentally responsible, and can provide them with opportunities to experience new things in their careers, says a recent study commissioned by information technology company Dell Technologies.   The "Gen Z: The Future Has Arrived" study compiled insights from over 12,000 high school and college students in 17 countries, over 4,000 of whom came from Southeast Asia (the Philippines, Indonesia, Vietnam, Thailand, Singapore and Malaysia). Locally, 730 Filipino students participated in the study.  ...Keep on reading: Attracting the Filipino Gen Z.....»»

Category: newsSource:  inquirerRelated NewsDec 8th, 2018

'AtinTo: Paul Desiderio leaves winning legacy in U.P. farewell

      MANILA, Philippines – It started with one man. It started with two words. It started a fan revolution. When Paul Desiderio made a final bow to the thousands of UP fans at the Araneta Coliseum, he knew the job was done. No, he did not win a title for the Fighting Maroons ........»»

Category: newsSource:  rapplerRelated NewsDec 6th, 2018

Woman arrested for posing as ex-NCRPO chief

MANILA, Philippines --- A woman was arrested in Paraaque City on Wednesday for allegedly posing as a former director of the National Capital Region Police Office (NCRPO) to extort money. Police identified the suspect as Dianne May Navarez who allegedly posed as Police Director Camilo Cascolan, former director of the NCRPO. According to an initial police report, the suspect introduced herself as "General Cascolan" and promised a certain Emmanuel Bugayon Carlos that she could help him be reinstated in the Philippine National Police if he would pay P10,000. Police said Cascolan, who now heads the PNP Civil Security Group, will also file a criminal complaint against the suspect for ...Keep on reading: Woman arrested for posing as ex-NCRPO chief.....»»

Category: newsSource:  inquirerRelated NewsDec 5th, 2018

Duterte: Don’t be so sad about being taxed

MANILA, Philippines --- Don't be "so sad about being taxed," President Rodrigo Duterte told the public on Wednesday, a day after he approved the proposal for the government to proceed with the second round of fuel excise tax hikes in 2019. "Do not be so sad about being taxed because your money here during my term is safe. I will not allow corruption. I have fired so many Cabinet members for just an infraction," he said in a speech during the Presidential Awards for Filipino Individuals and Organizations Overseas in Malacaang. On Tuesday, Budget Secretary Benjamin Diokno said the President had approved the fuel tax hike starting next month. READ:Duterte approves 2nd round of fu...Keep on reading: Duterte: Don’t be so sad about being taxed.....»»

Category: newsSource:  inquirerRelated NewsDec 5th, 2018

My mother’s 21-day voyage to America, 1954

  WASHINGTON, DC -- On Thanksgiving Day, 1991, I interviewed my father, Clemente Cacas to learn about his life as a young man. He'd first arrived in the U.S. in 1929, working and traveling with his brother, Maximino. They both served in the U.S. Army in WWII. When Max died just before the war ended, Clement settled in Washington, DC, earning decent money driving a taxi, and enjoying the life of a bachelor. In the fall of 1953, as Clement was turning 43, his sister summoned him back home to Narvacan (Ilocos Sur) in the Philippines. She said it was time he settled down and got married. She arranged for him to marry a local Filipina. But the plans changed when he went to a lo...Keep on reading: My mother’s 21-day voyage to America, 1954.....»»

Category: newsSource:  inquirerRelated NewsDec 3rd, 2018

UAAP Finals: Bo Perasol has a message for his critics from Ateneo

On Saturday, Bo Perasol will be in the position to prove himself further to the University of the Philippines community during the UAAP Season 81 best-of-three Finals series. As a sidelight, he will also have every chance to redeem himself against  Ateneo de Manila University, which happens to be his former employer for three years. Before he became the head tactician of the Finals-bound Maroons, he was the head coach of the Kiefer Ravena-headlined Ateneo from Seasons 76 to 78. But those three years were not as fruitful as every Atenean wanted it to be. Either they completely missed qualifying for the Final Four or fell mercilessly short of a Finals ticket. He inherited an Ateneo team that was fresh from five consecutive championships under Norman Black's tutelage and the great Blue Eagle Ravena was in his prime years. The pressure to deliver was so heavy that when those campaigns failed, Perasol earned a lot of critics who second-guessed his decision-making. Months after leaving Ateneo, he signed up with his alma mater to mentor the Fighting Maroons. It was a gradual build-up starting with a sixth place finish in Season 79, a fifth place finish in Season 80, to this year's Finals berth. His perseverance with the former cellar dwellers is finally coming to fruition. The plot just thickens given the fact that it will be against his former team Ateneo. But Perasol wants to make things clear, this is not personal business. "What I have with Ateneo is just, in fact, gratefulness. I'm very thankful to them for giving me the chance, for believing in me. If they did not believe, I mean the people who managed the team, if they did not believe in me hundred percent, I wouldn't be there for two more years. First year palang natanggal na ako dun," said the current UP mentor. "Naniniwala ako na walang animosity in my heart when I go up against these people," he added. Days leading up to the Battle of Katipunan, there have been a lot of friendly banter on social media regarding the very interesting David and Goliath match-up. One memorable meme that came from the back-and-forth of the fans was a sarcastic one that goes along the lines of "Sa wakas, mabibigyan na ni Bo ang Ateneo ng championship. #OBF" Reporters have mentioned the meme to the amiable UP tactician and said he isn’t affected. "Okay lang yun. Again, we cannot control the minds of other people. If I'm going to entertain those thoughts, I wouldn't be here. I wouldn't have had the patience or the courage to go on kapag ako apektado lagi sa mga ganun," he said. He leaves it up to the equally witty UP community to come up with some other clever reply. "Ang dami ring patawa ng mga taga UP against Ateneo. That should be the case, kaya nga naging entertaining itong basketball na ito and we're just parang nagiging pawns lang tayo dito and at the end of this we are still going to play 40 minutes of basketball, nothing personal about that," Perasol added who is also celebrating his 47th birthday on the eve of Game 1. The Finals series between UP and Ateneo would be the perfect stage for Perasol's redemption but this is not about him. Being the heavy underdogs in this series, Perasol goes back to the rhetoric that this will always be for and about the UP community. "They say that being an underdog will limit the expectations but I don't think the expectations of the UP community are quite limited right now. They would want to go all the way even if they know that we are the overwhelming underdogs," he said. "It also says how hungry we are and it's just a matter of thinking that regardless of the odds, you still have to fight through the game," he added. All UAAP fans will have the best-of-three Battle of Katipunan series to find out whether Perasol's redemption storyline will come full circle by the end of the season or not. The games will start on Saturday, December 1 at the Mall of Asia Arena. --- Follow this writer on Twitter, @the9cruz.....»»

Category: sportsSource:  abscbnRelated NewsNov 30th, 2018

Comment on PHL removed from dirty-money list by Philippines Morning News For August 10

[…] PHL removed from dirty-money list THE PHILIPPINES has been removed from the watch list of a regional unit of the Financial Action Task Force (FATF) following a new law that requires casinos to report daily deals to regulators, as the global watchdog recognized “significant progress” in combatting dirty-money deals. — BusinessWorld Online […].....»»

Category: newsSource:  bworldonlineRelated NewsNov 28th, 2018

Two simple ways to send money to the Philippines

Sending money to the Philippines can be a tricky affair especially when there are so many financial institutions vying for business and offering customers a plethora of choices, be it,…READ The post Two simple ways to send money to the Philippines appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsNov 28th, 2018

Duterte EO adopts strategy to fight money laundering, terrorism financing

MANILA, Philippines – President Rodrigo Duterte's just-released Executive Order No. 68 orders government to implement a national strategy to fight money laundering and terrorism financing from 2018 to 2022. The EO dated November 12,  released on Wednesday, November 21, also creates a committee to oversee and coordinate all government and ........»»

Category: newsSource:  rapplerRelated NewsNov 21st, 2018

Xi leaves PH after historic two-day state visit

Chinese President Xi Jinping left the Philippines on Wednesday afternoon, concluding his historic two-day state visit here. Xi departed for Beijing from the Ninoy Aquino International Airport around 1:30 p.m. His Manila visit was the first from a seating Chinese President in 13 years. In the first day of his visit, Xi led a wreath-laying ceremony at the Rizal Monument in Luneta on Tuesday afternoon, just hours after he landed in Manila. He then proceed to Malacaang where he was welcomed by President Rodrigo Duterte, presidential daughter and Davao City Mayor Sara Duterte-Carpio and other members of the Cabinet. Xi and Duterte witnessed the signing of 29 agreements between th...Keep on reading: Xi leaves PH after historic two-day state visit.....»»

Category: newsSource:  inquirerRelated NewsNov 21st, 2018

More hot money flees in October

Foreign investors continued to pull out funds from the Philippines, albeit at a slower pace, resulting in a net outflow of foreign portfolio investments or speculative funds for the second straight month in October due to elevated inflation as well as the full-blown trade war between the US and China......»»

Category: financeSource:  philstarRelated NewsNov 18th, 2018

October sees smaller hot money net outflow

FOREIGN PORTFOLIO investments continued to leave the Philippines in October, although the net outflow that month was far less than a year ago and in September, the Bangko Sentral ng Pilipinas (BSP) said on Friday......»»

Category: financeSource:  bworldonlineRelated NewsNov 16th, 2018

Dealers push revival of repo market

The Money Market Association of the Philippines Inc. (MART) is looking at measures to revive the repurchase (repo) transactions under the government securities repo program......»»

Category: financeSource:  philstarRelated NewsNov 11th, 2018

COA on license plates deal: Probe Abaya, 9 others

  MANILA, Philippines – The Commission on Audit (COA) will no longer require former transportation secretary Joseph Emilio Abaya and 9 other officials to return money related to a controversial license plate deal in 2014.  But state auditors, led by COA chairperson Michael Aguinaldo, recommended ........»»

Category: newsSource:  rapplerRelated NewsNov 11th, 2018

Blockbuster to lackluster: 'TelcoSerye drama leaves people puzzled

MANILA, Philippines – The bidding for the 3rd major telco player in the country was reminiscent of a teleserye drama here and there, with romantic promises and unexpected twists. The race for 3rd was supposed to be the end of the long road for the next major ........»»

Category: newsSource:  rapplerRelated NewsNov 11th, 2018