Personal Finance Guru, Suze Orman was in the Philippines on an invitation by Bank of the Philippine Islands on “financial wellness”.  Suze Orman is the host of CNBC’s Suze Orman show and the author of best-selling books on personal finance and financial literacy. Orman has Filipinos under her employ so she has an idea of [...]

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As of 19 December 2011, the death toll for Typhoon Sendong has been placed at 823 surpassing that of Typhoon Ondoy. Pinoys all over the world can help victims of Typhoon Sendong in the Philippines. Send donations through: Philippine Red Cross – They accept cash, check, credit card, G-Cash, or through SMS. Just click on [...]

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The Department of Foreign Affairs (DFA) and the Department of Trade and Industry (DTI) have issued a warning to Overseas Filipino Workers against franchising scams. According to the public advisory:

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A new law will take away the Documentary Stamp Tax on OFW remittances which means more pesos sent home for every dollar remitted. Read on: MANILA, Philippines—As the amended Migrant Workers Act come into force, overseas Filipino workers (OFWs) can now count on some P1.3 billion in extra savings with the abolition of the documentary [...]

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OFWs have been buffering the Philippine economy for years now which has kept the Philippines from feeling the brunt of the global downturn.  If OFWs have this much influence on the Philippine economy then it should be interesting to find out what the next President has in store for OFWs. 

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You might have been wondering why your dollars convert to less amount of Peso these days compared to some years ago.  Normally it should be a good sign because a strengthening Peso is an indicator that the Philippine economy is doing better but back home you do not see any signs of expected improvement. 

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