Category Archives: Economy

Why are interest rates so low?

Question: Why are interest rates in the banks so low? Will it go up anytime soon and what are the alternatives so my money can earn better?—Dennis Poliquit, Radio DJ Answer: Dennis, your question is one that you can call … Continue reading

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Pump-prime what?

You would often hear about the term ‘pump-priming’ whenever economic topics are being discussed or written about. What is pump-priming? It is the action taken to stimulate an economy, usually during a recessionary period, through government spending, and interest rate … Continue reading

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Making remittances count

I just finished a Practical Finance Seminar in Singapore a few hours ago and it’s inspiring to see a few dozen Filipinos working hard outside the country, sacrificing and doing their best to have a better life. It is even … Continue reading

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The quest for economic freedom

In my many talks & seminars, I often remind the participants that the biggest problem of the nation is poverty. While my nationalistic ego is bruised every time I talk about our national quality of life, I need to constantly … Continue reading

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A bigger recession ahead?

Is there a looming crisis ahead? Is the worse yet to come? There are many arguments for and against these forecasts and to be honest, there’s no way to know which direction we are heading to. Best bet is always … Continue reading

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Why our neighbors are richer than us

Question: Why are the citizens of our Asian neighbors much richer than us Filipinos?—Name withheld by request Answer: This is a question that ‘hits the spot,’ as the saying goes. I just read an article stating that Singapore has the … Continue reading

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Hyperinflation anyone?

The rising cost of goods and services have been a big concern to us Filipinos for many months now. Official numbers puts inflation at around 4% but it seems that the rising prices goes beyond the official numbers. Generally, the … Continue reading

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The mystery of the shrinking wallet: How to combat rising prices, part 3

… conclusion Let me go back to the economic gibberish once more. Whenever we curb our consumption, assuming that a substantial number of us do, we can actually prevent prices from rising and even cause it to decrease. It’s called … Continue reading

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The mystery of the shrinking wallet: How to combat rising prices, part 2

con’t. I realize that the preceding paragraph (in part 1) shows such a defeatist attitude so let me try to redeem myself and offer some enlightenment on the subject matter. When prices rise steeply, there are two things we can … Continue reading

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The mystery of the shrinking wallet: How to combat rising prices, part 1

Inflation has been rising. Government says it is now beyond 4% and many institutions are saying that we can expect inflation to breach the 5% mark very soon. The government already conceded that it will miss its inflation target — … Continue reading

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