Moody’s affirms ratings of 3 PH banks

Moody’s Investors Service has affirmed the long-term deposit ratings of the country’s three largest banks—Banco de Oro (BDO), Bank of the Philippine Islands (BPI) and Metropolitan Bank & Trust Co. (Metrobank)—citing their substantial liquidity and likelihood of sustaining profitability.

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Insurance industry enjoys robust growth

THE INSURANCE industry enjoyed a strong first quarter, supported by the booming economy, while the rest of the year should be just as buoyant, the regulator said.

“According to preliminary reports, insurers were able to grow their total premium income significantly in the first quarter,” Insurance Commissioner Emmanuel F. Dooc said at the sidelines of the United Nations forum on the Principles for Sustainable Insurance last Thursday.

With the economy doing well, business is on the rise, he explained.

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Peso is 3rd best-performing currency globally

MANILA, Philippines - The peso remains one of the world’s best performing currencies, debt watcher Standard & Poor’s Ratings Services (S&P) said Friday.

The local currency ranked third globally, appreciating 25 percent in real terms from March 2007 to March 2013, according to the S&P report. 

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5 stock picks to hold for the long term

As you know like in basketball, offense wins games but defense wins championships.  So the best place for you to get far over the long term is to make a good combination of stocks.  Some stocks which will be offensive in rapid bull markets and some stocks that will be your defensive anchor during bad markets.  The key is to create a good team that will that will be good in both offense and defense.

Here are the Mythical Five: Read More

List of Philippine banks

The Philippines has a comprehensive banking system encompassing various types of banks, from large universal banks to small rural banks and even non-banks. As at 31 March 2011, there are 19 universal banks, 19 commercial banks, 73 thrift banks, 595 rural banks, 40 credit unions and 15 non-banks with quasi-banking functions, all licensed with the Bangko Sentral ng Pilipinas (Central Bank of the Philippines) under Republic Act No. 8791, also known as the General Banking Act of 2000, share roughly the same powers. Read More...

Should bonds be part of my portfolio?

But what is a bond in the first place? A bond represents the debt of its issuer. The issuer can be a company or a government. Typically, the issuer of the bond pays interest periodically each year and repays the original amount invested in the bond on the bond’s maturity date.  Read More...

The Dumbest Things You Can Do With Your Money

When it comes to managing money, we all know what we should do: save money, build credit, keep a budget and avoid overspending. But if we don’t do those things, what could happen? How screwed will we really be? And the real question — how dumb is it? When it comes to silly money mistakes, these take the cake. Read More...

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