More Foreign Investments in the Philippines

The Banko Sentral ng Pilipinas, reported an expansion of foreign investments portfolio in the Philippines. Foreign investments in shares of stocks, "hot money,"in the Philippine Stock Exchange reached to a record of 4.18 billion USD as of end of November 2010.

PH's Redesigned Bank Notes

Redesigned bank notes were launched today, December 16, by the Bank Sentral ng Pilipinas. There are significant changes in the appearance, design and elements found in the bills. The new bills have upgraded security features that will make it easier to identify fake from the legal money. All six denominations of the Philippine Peso bills have new designs.

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Internet Cafes as Remittance Agents?

The internet cafes or computer rental shops around the communities can be seen as remittance agents where beneficiaries may receive remittances from anywhere around the world or send money remittances. Internet cafes provide meaningful services to families who are separated across long distances, through the use of internet-connected computers and devices. Text message exchanges through chat service or video and voice calls from the inside internet cafe's are among the cheaper alternatives of families in the Philippines to stay connected abroad. Next time you or any of your loved ones visit an internet cafe in Philippines, you may want to see if they provide remittance services, which may turn out to be your next remittance partner.