Banker, physicist, coder, professor, financial planner, triathlete, mentor, thought leader – Rizal Commercial Banking Corp. (RCBC) President and CEO Eugene S. Acevedo wears these many hats. His life has been remarkable, though he would readily acknowledge he never walked this path alone. “I...
If you're fortunate enough to be cash flow positive and have money in the bank or investments, you might glean some insights from this. The phrase "cash is king" first appeared in George N. McLean's 1890 book "How to do Business," where he stated, "Avoid credit, remembering that cash is king,...
The Department of Agriculture declared a food security emergency last month after the National Price Coordinating Council issued a resolution urging such a critical move. This was primarily in response to the surging cost of rice, which has reached ₱50 to ₱60 per kilo. The emergency declaration...
In Asia, one can confidently declare that Singapore is the best in most aspects. Becoming independent only in 1965, Singapore only has 700 square kilometers of land area and almost without resources then: water, energy, and people. Today, in the 2023 statistics, it has the highest ASEAN per capita...
The pendulum of market sentiment swings back and forth between the "be afraid" mindset and the belief that "the coast is clear." In human psychology, we know there’s such a thing as confirmation bias. People want to hear only what they want to hear; they believe in information that is consistent...
As China again did violence against Philippine boats and soldiers Monday, former Associate Justice Antonio Carpio enjoined all to drag China into the bar of world opinion in a Finex meeting last week. He said the 2016 Hague Ruling has resolved the "maritime dispute" between China and the...
As early as three months after the first lockdown in March 2020, the adverse impact of the pandemic on MSMEs was visible. Around 193 business establishments permanently closed with 7.3 million jobs lost resulting in a 17.7 percent unemployment rate, a record high according to the Philippine...
