Last Saturday I attended the COL Premium Mid-year Outlook for 2019 entitled The Long and Winding Road Ahead. It was a well-attended event where the guest speaker was Tony Lambino, the Assistant Secretary of the Department of Finance, specifically handling the Strategy, Economics, and Results Group. Top photos: The guest speakerAssec. Tony Lambino together with COL Chairman Edward Lee, and Marvin Fausto; Below: The author with Marvin Fausto, April Tan, Cathy Yang, Assec. Tony Lambino and his “Bright Boys” from the Department of Finance: Aldrin Advincula, Louie Limkin and Lyonel Tanganco. I got to know Tony years ago when he was still with Ayala Corporation as head of Public Policy. To those who feel that he looks familiar, it’s because as a young boy, Tony Lambino was one of the original members of the singing group created in 1989 by the maestro Ryan Cayabyab called Smokey Mountain, together with Geneva Cruz, Jeffrey Hidalgo, and James Coronel. The original member … [Read more...] about From Smokey Mountain to Poverty Eradication
Which loans offer the lowest interest rate
Your favorite Green Day or Guns N’ Roses hit just might help buyers of a new asset-backed bond get paid. Performing-rights organization SESAC is selling a $560 million bond backed by assets like licensing agreements that let places such as bars, retailers or fitness centers play popular music. It’s the first such deal for the Blackstone Group Inc.-backed company, which counts Bob Dylan, Adele and Neil Diamond among its roughly 35,000 artists. When SESAC enters a licensing agreement, it collects and distributes royalty payments to artists. The offering, which is being led by Guggenheim Securities, may price as soon as next week, according to a person familiar with the matter who is not authorized to speak publicly and asked not to be identified. Kroll Bond Rating Agency expects to rate the deal BBB-, the lowest investment-grade rank, while Morningstar Credit Ratings assigned it a preliminary BBB grade, which is one step higher. The bond is being offered in two parts, a $30 … [Read more...] about Bob Dylan, Adele music rights to back planned $560 million bond
WHEN YOU DON'T HAVE CASH TO PAY FOR BIG-TICKET ITEMS, WHAT OPTIONS DO YOU HAVE? Between replacing your worn-out aircon, switching out a broken-down fridge, repairing your car, and renewing your gym membership, there will be more than a few occasions when you'll need to pay for a big-ticket item. With an array of perks, credit cards are the preferred way to pay for large purchases. However, you should always pay back the amount spent within the statement cycle, lest you incur hefty interest charges. But what if you need to make an expensive purchase, but don't have the money available to pay it off at once? Or if the shop you are buying from a shop that doesn't accept plastic? Don't fret, there are still several alternative payment methods you can use, each with their own pros and cons. To help you make the right choice, here are 4 methods for paying off big-ticket items, ranked in order from best to worst. 1. CREDIT CARD 0 PER CENT INSTALMENT PLAN: RECOMMENDED FOR MOST PURCHASES … [Read more...] about What are the best ways to pay for big-ticket items in Singapore?
Pag-IBIG Fund retains lowest home loan rates (The Philippine Star) - July 21, 2019 - 12:00am MANILA, Philippines — Pag-IBIG Fund has retained the record low interest rates under its home loan program as it posted double-digit growth in loan payments and members’ savings collections, allowing the agency to address the growing demand for its home loans. In a statement, the agency said it maintained its subsidized rate of three percent per annum under its Affordable Housing Program offered to members earning not more than P15,000 a month for those within the National Capital Region (NCR), or those earning not more than P12,000 a month for those outside NCR. The rate for this loan program is the lowest in the market and has been in place since May 2017. The Fund also maintained its interest rates for loans up to P6 million under its Regular Housing Loan Program, where members may secure loans at a rate of as low … [Read more...] about Pag-IBIG Fund retains lowest home loan rates
Home ownership is an exciting step of adulthood, and marks a major milestone in #adulting. That is, until you confront the unexpected costs that can take a shockingly large chunk out of your savings account. Here are five most common costs of home ownership that you may not expect, and the steps you can take to avoid them. 1) BUSTING THE RENOVATION BUDGET via GIPHY Whether you're buying a resale flat from the open market, or a brand new apartment, you'll want to make some customisations to your new home. And that means signing on a renovation package that costs tens of thousands of dollars. You'd think that the large upfront sum would be enough to cover everything you could think of, but busting the renovation budget unfortunately happens more often than not. There are many reasons why this could happen, ranging from careless mistakes or miscommunications on the part of your contractor, to finding out you need extra hacking due to unexpected modifications. For older flats, the need for … [Read more...] about 5 unexpected costs of owning a home (and ways to avoid them)