GCash provides Filipinos access to savings amid COVID-19

The coronavirus pandemic highlighted the importance of keeping an emergency fund, studies show.

A recent consumer expectations survey by the Bangko Sentral ng Pilipinas (BSP) revealed that more Filipinos are now building their own savings accounts, with 73.9-percent of respondents setting aside money in their banks for unforeseen situations.

Cebuana Lhuillier Aims More Filipinos With Bank Accounts Via Micro Savings

We have to admit that we do appreciate savings with our hard earned money, however it's how we save them is the problem that causes problem and evenutally leads to its depletion. With the economy growing and more opportunities, financial management starts with personal savings which many of Filipinos don't have.

It is actually alarming since cash is just usually stored in piggy banks, under the mattress, and many old fashioned and unsafe ways to keep cash away. The BSP shared that only 48 percent of adults are maintaining savings in banks while seven out of 10 Filipinos keep their savings at home.

CTB Trustees pay courtesy call to BSP Governor

The incoming 2013 Board of Trustees of the Chamber of Thrift Banks (CTB) recently made a courtesy call to Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr.  The CTB is the umbrella organization of the country’s thrift banks. The visit is in line with the 2013 CTB national convention slated on March 20 at Dusit Thani Manila with the theme:  “Thrift Banks: Building for Broader Horizons in 2013” where the Governor is among the guest speakers.

The meeting also highlighted discussions about the significant growth in the Philippine economy recently and positive outlook for more investments to be infused this 2013. The Chamber also introduced its new set of officers for the new fiscal year. 

Gov. Tetangco (seated, center); with (seated from left) CTB Auditor and Bataan Savings & Loan Bank President Lolita Simpao; CTB Trustee and University Savings Bank Director Ma. Consorcia Tamayo; CTB Convention Chair/Trustee and Isla Bank Chairman Jose Ma. Lopez-Vito III; CTB and BPI Family Savings Bank President Jose Teodoro Limcaoco; BSP Deputy Governor Nestor Espenilla, Jr.; CTB Secretary and Security Bank Savings President Gina Go; CTB Executive Director Suzanne Felix.  Standing are (from left): CTB Second Vice President and Malayan Savings Bank President George Martirez; CTB Treasurer and China Bank Savings President Alberto Emilio Ramos; CTB Immediate Past President and  HSBC Savings Bank President Patrick Cheng; CTB First Vice President and RCBC Savings Bank President Rommel Latinazo; CTB Trustee and Wealth Development Bank President Gregorio Anonas III; CTB Trustee and Queen City Development Bank President Rogelio Florete; CTB Trustee and Palawan Development Bank President Eric Mondragon; and CTB Consultant Benjamin Yambao. 

ART IS A BANG: Ballet Philippines’ The Sleeping Beauty

Audiences still have the chance to watch "The Sleeping Beauty" presented by Ballet Philippines at the CCP Main Theater. They have shows on Thursday, Dec. 8 at 10 AM and 3 PM, Friday, Dec 9 at 3 Pm and 8 PM, and Sunday, Dec 11 at 3 PM. The performances on Saturday (3 PM and 8 PM) are sponsored by Bangko Sentral ng Pilipinas Employees Association and Knowledge Channel, respectively. 

The Manila Symphony Orchestra will play Tchaikovsky's music live for one last time on Friday, Dec. 9 at 8 PM, with Katherine Trofeo as Princess Aurora and Jean Marc Cordero as Prince Desire.