Personal Development, Business, Finance, and Investing for Everyone
An investment in knowledge always pays the best interest.
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 You are befriended by an attractive person online and after gaining your trust, they ask you for money as proof of love. He or She will tell a tale about falling into trouble or hard times and ask for a loan from you. Once the money is transferred, the scammer disappears.
 Be wary of SIM card scams. Be cautious against scammers who use SIM cards to deceive and steal their victims’ money.
 Beware of the online fraud lenders! The number of fraudsters offering fake bank loans and/or credits online, on social media networks such as Facebook, or by email has increased considerably.
 The Bangko Sentral ng Pilipinas (BSP) recently issued Certificates of Authority (COA) to operate two additional banks, allowing them to proceed with full operations as digital banks. This has resulted in a total of six digital banks being allowed to operate in the Philippines.
 More than half of the country’s adult population now owns a financial account, according to the results of the Bangko Sentral ng Pilipinas (BSP) 2021 Financial Inclusion Survey (FIS).
 Following the rollout of the PESONet’s Multiple Batch Settlement (MBS) facility, the total value of PESONet transactions jumped by 48.1 percent year-on-year, reaching PhP2.9 trillion in the first half of 2022. The number of transactions processed through PESONet also increased by 28.7 percent, totaling 40.8 million during the same period.
 Have you ever thought or asked how you can withdraw your savings or contributions to the Pag-IBIG Fund if you know it has matured or you are qualified for retirement?
 Pag-IBIG members can now view their Pag-IBIG Savings and annual dividends, payments history, and loan balance and dues using their mobile phones with the launch of the agency's official mobile app - the Virtual Pag-IBIG Mobile App - its top officials announced Thursday (18 August).
 Emboldened by its mission to boost financial literacy among Filipinos, the Securities and Exchange Commission (SEC) continues to strengthen its efforts to educate the public on legitimate and sound investments in the country.
 The Bangko Sentral ng Pilipinas (BSP) strongly urges the public not to deal with Virtual Asset Service Providers (VASPs) that are either unregistered or domiciled abroad. On top of the inherent risk of price volatility associated with Virtual Assets (VAs), VASPs that are based abroad may present additional challenge on enforcing legal recourse and consumer protection and redress mechanisms for local customers, among others.
 The Bangko Sentral ng Pilipinas (BSP) has decided to refer to virtual currencies as defined under Circular No. 944 dated 06 February 2017 as “virtual assets” or VAs, in recognition of the evolving nature of this financial innovation.
 Investing is about weighing risk against reward. It is important to understand all of the many risks that can affect your investment funds. Each risk affects another; they are all connected.
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Hi, I'm Ralph Gregore Masalihit! An RFP Graduate (Registered Financial Planner Institute - Philippines). A Personal Finance Advocate. An I.T. by Profession. An Investor. Business Minded. An Introvert. A Photography Enthusiast. A Travel and Personal Finance Blogger (Lakbay Diwa and Kuripot Pinoy). Currently, I'm working my way toward time and financial freedom. Connect
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