All Articles

The latest and the best financial news, tips and tricks.

Philippines Posts Positive Figures for September Foreign Direct Investments and October Exports

The Bangko Sentral ng Pilipinas (BSP) recently announced that net foreign direct investments (FDI) to the Philippines climbed 141.4% in September 2013 to $319 million. The country posted $132 million for the same period last year. The central bank attributed the growth in FDI to the favorable outlook on the Philippine economy. Net inflows on […]

Read More

Prevent Credit Card Fraud as You Shop for the Holidays

People are doing their holiday shopping now as Christmas comes nearer—with many using their credit cards to buy gifts. Whether you’re using your credit card to shop online or offline, you can take steps to make sure you’re protected from the many credit card fraud out there. December is the strongest month for credit card […]

Read More

Globe and Smart iPhone 5S and 5C Plans

Globe Telecom and Smart Communications, two of the biggest telecommunications companies in the Philippines, have released their own pricing schemes for two of the latest iPhone models, the iPhone 5S and 5C. Globe originally planned a grand event for the launch for the new iPhone models last November 15 but then toned it down to […]

Read More

Philippine Remittances Boost after Disasters

Highlighting the importance of remittances to the Philippine economy, overseas Filipino workers are set to send more money back home this year to their relatives who were affected by Typhoon Yolanda. Bloomberg cited research from Nomura Holdings Inc. that noted a remittance growth increase of 3.7 percentage points within three months after a major disaster. […]

Read More

Philippines Grabs 38th Spot in Web Index | MoneyMax.ph

The Philippines was ranked 38th out of 81 countries in the World Wide Web Foundation’s 2013 Web Index. The index considered several criteria to measure the impact of the World Wide Web on development and human rights. The index assigned scores based on universal access, relevant content, freedom, and openness, as well as impact and […]

Read More

Philippine Economy Grows 7% in 3Q 2013

The Philippines Gross Domestic Product recorded a 7% growth in the 3Q of 2013. The figure is lower than the one recorded in the previous year—which stood at 7.3%. Despite this, the 7% growth was enough to push the growth in the first nine months of the year to 7.4% from just 6.7% of the […]

Read More

Pag-IBIG Allots P9.5 Billion for its Calamity Loan Program for Earthquake, Yolanda Victims

After a 7.2 magnitude earthquake and super-typhoon Yolanda hit the Visayas region, the Home Development Mutual Fund (HDMF or Pag-IBIG) has made available close to P 10 billion for its calamity loan program for provinces in regions affected by those disasters. Pag-IBIG allotted P4.5 billion for the program after an earthquake hit Central Visayas last […]

Read More

Banks Post 13.6% Growth in Outstanding Loans in October 2013

The Central Bank of the Philippines reported that outstanding loans of universal and commercial banks grew by 13.6% in October 2013. This is a slowdown from the 16.2% growth recorded in September. Looking at the data inclusive of reverse repurchase placements show that the October figure was at 13.5% compared to 14.9% in September. Loans […]

Read More

The History of Money in the Philippines

When drawing your wallet for a purchase, you might not give much thought to where the pesos in it come from. Sure, from an income perspective, you probably would, but considering their actual history might be another story. What is the history of the Philippine’s current currency, and which payment methods did precede it? Read […]

Read More

PLDT Announces Growth in Broadband Subscribers

PLDT announced that they were able to attain double-digit growth for their local home broadband subscriber base and that they were able to hold close to 70% of the market. PLDT’s myDSL and myBro broadband brands hold the number 1 and 2 spots in the local broadband market, according to PLDT HOME EVP and Head […]

Read More

Housing Loan and Advanced Pensions for Yolanda Victims

The Social Security System (SSS) announced a relief package for those affected by Typhoon Yolanda (international name Haiyan). Through the Calamity Relief Package of the SSS, members living in areas affected by the typhoon can avail of salary and housing repair loans that offer easier-to-pay terms. Affected pensioners can also avail of up to three […]

Read More

Restored Telecom Services in Yolanda-Hit Areas

Globe and Smart Communications, two of the largest telecommunication providers in the Philippines, are continuing to work on fully restoring their network coverage in Yolanda-hit areas. The two companies have also set up free calling stations in the disaster-hit areas to help survivors as they get in touch with friends and relative—not just those in […]

Read More

Use Your Credit Card to Help in Relief Efforts

Typhoon Yolanda (international name: Haiyan) brought so much death and destruction to central Visayas that it sparked profound sympathy for the survivors. Scores of local and international relief efforts were immediately mobilized. Many individuals as well as companies, big and small, did their share to help survivors. These included credit card providers that thought of […]

Read More

Fees and Charges of the BDO Forever 21 MasterCard

In this article, we will discuss the interest rate, annual membership and other fees and charges you need to know before getting a BDO Forever 21 MasterCard. The Annual Membership Fee of the Forever 21 MasterCard Currently, the BDO Forever 21 MasterCard comes with a monthly membership fee of P200, making the annual fee equal […]

Read More

BDO Forever 21 MasterCard- Buy Now, And Pay Later (Part 2)

The BDO Forever 21 Master Cardholders can now purchase items on installment from over 10,000 partner stores nationwide at 0% interest. They can as well choose among the instalment terms ranging from 3, 6, 9, 12, 18, 24 and 36 monthly instalment for either a single or accumulated purchase amount not less than P3,000.

Read More

BDO Forever 21 MasterCard- Buy Now, And Pay Later (Part 1)

Apart from what we have discussed previously (click here to see the previous article), for each and every transaction done in the Forever 21, the reward points are tripled. For every P200 spent in Forever 21, cardholders are guaranteed to get 3 reward points in return. Earn more points when you shop in Forever 21 […]

Read More

Why Should I Get A BDO Forever 21 MasterCard?

Fashion is an instant language. What you wear is how you communicate yourself to the world. However, how do you dress like a fashion icon while sticking to your monthly budget? For many of us, we can get what we want at Forever 21. The teen retailer Forever 21 is one of the famous sources […]

Read More

UnionBank Credit Card Fees and Charges

As responsible credit card users, we must account for every fee we incur. Read on to find out the UnionBank credit card fees and charges as well as the way to avoid them. The Cash Advance Fees of UnionBank Credit Cards UnionBank credit cards cash advances are charged 6% of the transaction amount or P300, […]

Read More

What is a Credit Card Cash Advance?

The credit card cash advance fee is the fee you have to pay when taking out a cash advance against your credit limit. Before we start discussing the fees for the cash advance services of UnionBank credit cards, let’s have a closer look at the reasons why we need the credit card cash advance services […]

Read More

Annual Fee of UnionBank Credit Card (Part 2)

In the previous article, we have discussed what co-branded cards are and how we can avail of the perks of these cards. Now, let us proceed to the annual fees of these UnionBank co-branded cards. Later in the article, we will also talk about the UnionBank specialty cards and the corporate Visa credit cards. The […]

Read More