Strong exports helped boost the Philippine economy in the second quarter. Associated Press MANILA — The Philippine economy grew 6.4% in the second quarter, making it one of Asia’s fastest-growing countries and deepening expectations for further rate increases.
Category: Money Remittance
The $1,000.00 remittance that became $1 million
It was on May 27,1977 when Dolores Ventoza who was then based in New York requested the First National City Bank (FNCB) to transfer $1,000.00 to the bank account of Victoria Javier. Ventoza is a sister of Melchor Javier who is married to Victoria.
MoneyGram expands to 30 more countries
MANILA, Philippines. — MoneyGram(NYSE: MGI), a leading global money transfer company, announced that it has added 30 countries to its direct-to-account (or cash-to-account) service for funds sent to the Philippines. Previously, the direct-to-account service was available only for customers sending funds from the United States to the Philippines.
Where did the LBC money go?
There are strong indications that LBC Development Bank funnelled a lot of money to its LBC Express Affiliates. Banko Sentral Pilipinas (BSP) itself said so when the bank was closed. Sooner or later, BSP and Philippine Deposit Insurance Corporation may have to run after LBC to get back the unpaid advances. Check out: “LBC Development […]