School reopenings lifted remittances

Money sent home by Filipinos abroad grew by 3.2 percent year-on-year in August amid the seasonal surge ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌      ͏ ‌     

View in browser   |   Download our app October 16, 2024 ECONOMY BSP: School reopenings lifted remittances in August Money sent home by Filipinos abroad grew by 3.2 percent year-on-year in August amid the seasonal surge in transfers during the reopening of classes in the country, the Bangko Sentral ng Pilipinas (BSP) reported on Tuesday. Cash remittances coursed through banks amounted to $2.89 billion in August, higher than the $2.8-billion flows recorded in the same period last year. By Ian Nicolas P. Cigaral MONEY MATTERS When falling inflation doesn't help the stock market When it comes to investing, one factor that often gets overlooked but is critically important is the real interest rate. Defined as the nominal interest rate adjusted for inflation, the real interest rate is a key indicator for understanding the cost of capital.  By Henry Ong GAMING Bloomberry gets cheaper, longer P72-B loan deal Listed Bloomberry Resorts Corp., the operator of Solaire Resorts and Casino, has obtained a P72-billion loan from four local banks to repay an existing debt as it works to improve its bottom line and ramp up operations at its newest entertainment project. By Meg J. Adonis Like this email? Forward it to your friends and let them know that they can sign up here. BIZ BUZZ Request granted: More free Wi-Fi hours at Naia​ Passengers at Ninoy Aquino International Airport (Naia) can now use free Wi-Fi for three hours, an hour longer than the previous two-hour limit. In addition, they no longer need to provide personal information to access the internet services, which was a hassle anyway. By Tyrone Jasper C. Piad INQUIRER PLUS-EXCLUSIVE Anticipation of BSP rate cut boosts PSEI Philippine shares reclaimed the 7,400 level on Tuesday ahead of the Bangko Sentral ng Pilipinas' (BSP) policy-setting meeting Wednesday, when it is expected to announce a reduction of the benchmark interest rate of banks.  By Meg J. Adonis Try Inquirer Plus. Inquirer Plus is the Philippine Daily Inquirer's premium subscription service. Register for a free 30-day trial to get access to Inquirer's fearless reporting, exclusive stories and more. REGISTER NOW Hi Edward. Have feedback? We're happy to hear it. Give Suggestions newsletter@inquirer.com.ph © 2024 PHILIPPINE DAILY INQUIRER, Barangay La Paz, Makati City, Philippines You are receiving this email because you are subscribed to Inquirer Newsletters. Unsubscribe anytime