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Remittances help boost PHL savings rate in 2012

MANILA  (Mabuhay) – Remittances from overseas Filipino workers (OFWs) have allowed households to save money, boosting the country’s savings rate, according to the Bangko Sentral ng Pilipinas (BSP). Based on the BSP’s latest Flow of Funds report, domestic savings has expanded by...
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Philippine College Scholarships: Sir Abby’s Legacy

by Myrna Aquitania In our midst here in Los Angeles, lives this humble,  78-year old retired Navy man named Abelardo “Sir Abby” Estacion who graduated from Cavite National High School in his hometown of Cavite City, Philippines. As a teenager, Abby worked to help his poor parents...
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No anomaly in paper deal for slot machines – Pagcor

MANILA, Apr 10 (Mabuhay) — The Philippine Amusement and Gaming Corporation (Pagcor) said there is nothing anomalous in investing on a slot machine system (SMS) since it would actually prop up the country’s coffers by upgrading operational efficiency. Pagcor said it will...
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Strong currency hurts PHL call centers

MANILA, Dec 26, 2012 (AFP) – The peso’s rise is hitting call centers in the Philippines, handicapping the global leader in the lucrative business as it combats a challenge from top rival India, industry officials said Wednesday. Forty percent of the members of the Business...
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Advent signals Christmas is just around the corner

by: Ray Andres Thanksgiving Day signals the “official” start of the Christmas season in this part of world where the following day, a Friday, has been dubbed as the “Black Friday” when merchants hope to generate good businesses to brighten up their accounting books. It is also an...