“Ambition is the fuel that drives the engine of achievement” – Brian Tracy Ambition is what fuels your drive to succeed. It is that inner spark that drives you to chase your goals, build your dreams, and live a life that actually means something. It is the energy behind every breakthrough,...
Success is not about luck. It is the result of smart, conscious decisions. And when it comes to your future, few choices matter more than the ones you make about money. Every peso you will save, spend, or invest will shape your future. Any other choice that deviates from the smart ones can lead to...
“An investment in knowledge pays the best interest.” Benjamin Franklin said it centuries ago, but it still hits hard today. In a fast-evolving world, understanding money is an important life skill. More than freedom, this gives you the confidence and control to chase your dreams at your own...
Year after year, millions of Filipinos make the difficult decision to leave their families or loved ones behind for a chance of earning more and providing them with a better life. Mothers and fathers lose the opportunity to watch their children grow, while young adults or single Filipinos are...
Waking up to a home flooded up to hip level or reporting for work only to find out you have been let go by the company are scenarios one would wish were just a bad dream. For Karla and Paulo, however, this was their reality when Typhoon Ondoy and the global pandemic happened, respectively. Faced...
A sari-sari store around the corner, eateries lining up on the side of a street, 24/7 community laundry shop, or a digital marketing start-up agency are just a few examples of MSMEs or micro, small, and medium-sized enterprises that play a crucial role in providing employment and driving economic...
Even with the safety net of deposit insurance, both small and large depositors tend to pull out their funds when a nearby bank shuts down, suggesting that fear of losing access to cash outweighs the assurance of protection, according to a study co-authored by top Bangko Sentral ng Pilipinas (BSP)...
State-run Philippine Deposit Insurance Corp. (PDIC) has raked in a total of ₱411.4 million from the sale of 281 closed-bank properties in 2024, a 24.7-percent increase from the ₱300-million sales in the previous year. According to PDIC, this improvement is reflective of its “effective asset...
The Philippine Deposit Insurance Corporation (PDIC) announced on Wednesday, May 21, that the state deposit insurer has expanded its coverage to Islamic banks (IBs) and Islamic banking units (IBUs). As announced through Bulletin 2024-09, IBs and IBUs in the Philippines are “now officially covered...
The Philippine Deposit Insurance Corp. (PDIC) has enhanced and extended its closed bank loan incentive program (CLIP) in 2025 to enable more borrowers from closed banks to manage their debts and avoid foreclosure. In a statement, PDIC said the offering, now known as CLIP 3.0, has increased...
Large companies' heavy reliance on bank loans, particularly from major local banks, could amplify vulnerabilities within the Philippine financial sector, according to the 2024 Financial Stability Report (FSR). "Corporates’ heavy reliance on bank funding could amplify credit risks to the financial...
An expansion of deposit insurance coverage has taken effect, designed to bolster financial security and instill greater confidence in the Philippine banking system. Beginning Saturday, March 15, the adjustment doubled the maximum protected amount for depositors, providing an additional safety net...
