CASH TRANSFER programs were able to “effectively” protect typhoon-affected households from falling into extreme poverty, according to a study by the World Bank. “In the aftermath of Typhoon Yolanda (international name: Haiyan) in the Philippines, the country’s 4Ps program proved to be an effective protection against extreme poverty. It was also shown that it raised […]
Tag: cash
CIPHER-CORE, Inc. President Addresses Company’s Business Direction
EQS Newswire / 11/01/2023 / 01:05 EST/EDT CIPHER-CORE, Inc. President Addresses Company’s Business Direction AUSTIN, TX / ACCESSWIRE / January 10, 2023 / CIPHER-CORE, Inc. (Pink sheets:CFCI) a provider of end-to-end protection technology for communication systems, a remote authentication technology for IoT system and crypto cash technology. Mr. T. Nakamura CEO, President states he invented the […]
Send Christmas cash gifts digitally, says BSP
THE Bangko Sentral ng Pilipinas (BSP) encourages the giving of digital cash gifts this yuletide season. “We encourage our countrymen to take advantage of the ease and safety provided by digital finance in sending their cash gifts during the holidays,” according to the BSP. Ninongs, ninangs and other gift-givers who intend to give cash as […]
Cash remittances rise to 3-month high in Oct.
By Keisha B. Ta-asan, Reporter MONEY SENT HOME by overseas Filipino workers (OFWs) rose by 3.5% in October, with migrants taking advantage of the strong dollar ahead of the holiday season. Data from the Bangko Sentral ng Pilipinas (BSP) released on Thursday showed cash remittances through banks stood at $2.91 billion in October, higher […]
DBM releases P5.2 billion for cash transfer program
THE Department of Budget and Management (DBM) said on Tuesday that it released P5.2 billion to fund cash transfers for 9.8 million beneficiaries. “The DBM fully supports the projects and programs that provide social assistance to our fellow Filipinos,” Budget Secretary Amenah F. Pangandaman said in a statement. The funds cover one month worth of […]
Zonta Club awards 9 outstanding young women with cash grant
NINE women outstanding graduates from public high schools receive recognition and cash grant from the Zonta Club of Cebu 1 during a recognition activity on Friday, Nov. 25, 2022. Jane Panganiban, president of Zonta Club of Cebu 1, told SunStar Cebu the activity started in 2021. Since then, they decided to make it yearly to […]
Stocks extend climb on Sept. remittance data
PHILIPPINE SHARES extended their gains on Tuesday following the release of data showing remittances from overseas Filipinos increased in September. The benchmark Philippine Stock Exchange index (PSEi) went up by 64.18 points or 1.01% to close at 6,418.94 on Tuesday, while the broader all shares index rose by 26.99 points or 0.8% to 3,379.58. “The […]
House donation drive for typhoon victims collects P75M in goods, cash
A DONATION drive initiated by the House of Representatives has so far gathered P26.3 million worth of various relief goods and P49.2 million in cash, including pledges, for victims of the most recent typhoon to hit the country, the House leader said on Wednesday. “We need all the help that we can get, we already […]
SUID Launches New Crypto OTC Trading Service in Dubai
DUBAI, UAE, October 18, 2022 – (SEAPRWire) – SUID has announced that now people can easily use crypto OTC trading service in Dubai, the United Arab Emirates. SUID is one of the first OTC shops in the region to provide this service. The new product of SUID will enable customers to trade USDT in Dubai. With the new […]
Failure of cash aid program reflects noninclusive growth — political analysts
POLITICAL analysts at the weekend cited the government’s failure to make economic growth inclusive, citing state data that showed 90% of beneficiaries of its conditional cash transfer program remained below the poverty line. “This situation is more a reflection of the failure of the country’s unprecedented economic growth to translate into real economic gains in […]
Singlife launches ‘Cash for Goals (Education)’ a better way to fund your child’s ambitions
Start investing with just Php 2,500 Filipino Parents understand that quality education is the best way to pave a better life for their children. However, college tuition fees are expensive and continue to increase annually. To make sure there is money when it’s needed, they need to start building an education fund as early as […]
39,000 CV students get cash aid from DSWD
SOME 38,800 students received educational assistance from the Department of Social Welfare and Development (DSWD) 7 as beneficiaries of the Assistance to Individuals in Crisis Situation (AICS).DSWD 7 Director Shalaine Lucero told SunStar Cebu on Saturday, Sept. 24, 2022, that a total of P104.7 million has been released to 38,773 students in the region during […]
July remittances hit 7-month high
By Keisha B. Ta-asan CASH REMITTANCES jumped to the highest in seven months in July, as overseas Filipino workers (OFW) likely took advantage of the weaker peso to send their families more money amid elevated inflation. Data from the Bangko Sentral ng Pilipinas (BSP) showed cash remittances sent through banks went up by 2.3% to […]
Overseas Filipinos’ cash remittances (July 2022)
CASH REMITTANCES jumped to the highest in seven months in July, as overseas Filipino workers (OFW) likely took advantage of the weaker peso to send their families more money amid elevated inflation. Read the full story.
Peso drops further on oil’s rise, slower remittance growth
THE PESO weakened further against the greenback on Thursday after the latest correction in global oil prices and slower growth in cash remittances in July. The local unit closed at P57.16 per dollar on Thursday, shedding five centavos from its P57.11 finish the day prior, data from the Bankers Association of the Philippines showed. This […]
Lawmaker says fund-mixing illegal
A PARTY-LIST lawmaker on Monday said cash aid for farmers should not be mixed with unprogrammed funds in the 2023 budget of the Department of Agriculture (DA). “The DA admitted that cash assistance for farmers is lumped with support for infrastructure projects and social programs,” Party-list Rep. Arlene D. Brosas said at a House of […]
RFM allots P1.2B to expand milk, growing segments
FOOD and beverage firm RFM Corp. approved a P1.2-billion capital expenditure (capex) budget to expand the production capacities of its milk segment and institutional businesses. Jose Ma. A. Concepcion III, chief executive officer of RFM, said in a press release on Thursday that “this P1.2-billion capex approval is one of the biggest set of capex […]
Online registration system to be launched for student cash aid program
AN ONLINE registration system for the release of student cash aid will be set up by the government to prevent a repeat of the chaos at distribution sites nationwide last Saturday. The digital platform will be jointly organized by the Department of Social Welfare and Development (DSWD) and the Department of the Interior and Local […]
Local shares extend rally on improved profits
PHILIPPINE SHARES extended their rally to a seventh straight day on Tuesday amid better earnings from listed companies and higher remittances from overseas Filipino workers (OFW) and as foreign funds shifted to the local market amid fears of a slowdown in China. The Philippine Stock Exchange index (PSEi) went up by 112.80 points or 1.67% […]
Gov’t releases P4.13B for cash transfer program
THE second tranche of the Targeted Cash Transfer (TCT) program has been released to the Department of Social Welfare and Development (DSWD) for distribution, the Departments of Finance (DoF) and Budget and Management (DBM) said. The program is intended to address the impact of rising prices on vulnerable households, according to statements issued by both […]