The economic recovery in the Philippines will be much slower than most of its regional neighbours, as the coronavirus pandemic crisis in the country remains uncontrolled, according to the World Bank. According to Noelan Arbis, economist at HSBC, the slow economic recovery is due to the slow recovery of services sector which is a major contributor to a country’s economic growth. He also noted that the Philippines needs more “fiscal stimulus” to improve mobility in order to have vigorous recovery. "The pandemic has hit the services sector far worse than other sectors of the economy like manufacturing. Like China, it...

  Elon Musk has officially become the second richest man in the world, next to Amazon founder Jeff Bezo, and surpassing Microsoft Corporation founder Bill Gates — thanks to Tesla’s skyrocketing share prices this year, which have made the South African-born entrepreneur to increase wealth to unimaginable heights of $147 billion, according to the Bloomberg Billionaires Index. Bloomberg reported that the Tesla CEO has added more than $100 billion to his net worth in 2020, soaring him from the 35th spot of being the richest man, to number 2. According to the repost, most of Musk's wealth is because of...

Being able to finally achieve financial freedom is everyone’s major goal. But, where should we start first or what is the first thing that we should do to attain it? Financial freedom simply means having enough savings, stable source of income, financial investments, and cash on hand to afford the kind of life we desire for ourselves and our loved ones. Financial freedom also includes being financially secured — and being insured is one of the ways in order to have financial security. Being insured gives one a peace of mind knowing that if anything happened to you, your family’s...

Is investing in your first property during a pandemic a bad idea? Experts disagree. Most people — including you, might have been asking themselves the same question as they have been seeing property developers and agents posting pictures and advertisements of condos, and house and lot at encouraging low mortgage rates and down payment on social media. But with the pandemic telling us to be mindful of our spending, it’s easy to feel guilty. After all, taking advantage of a crisis to start a property investment might sound opportunistic and impulsive. Although investing may be a personal decision, it can...

The year 2020 became a great challenge for everyone due to the COVID-19 global pandemic.  It may have taken away some of our freedom since the government has encouraged everyone to stay at and work from home. It forces multiple nations around the world to scale back or shut down their local economies to restrain the spread of the coronavirus, resulting in millions of people being jobless. The good news is that a lot of determined Filipinos are using their imagination and being resourceful in finding ways on how they can make extra money to pay the bills and cover...