James Ryan Jonas

RCBC issues P2 billion, 5.5-year LTNCD

If you’re looking for non-traditional investments that are relatively safe, you may check out LTNCD or Long-Term Negotiable Certificate of Deposit.

LTNCD is a bank product very similar to Time Deposits, except that they have longer maturity periods. While most Time Deposits mature in 1 month, 6 months, or 1 year, LTNCDs usually mature in at least 5 years.

One good thing about LTNCD is that investments up to P500,000 are covered by the Philippine Deposit Insurance Corp. (PDIC), which makes this option a relatively safe investment asset.

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ATM cloning is real and it’s here in the Philippines

A Facebook post by an alert netizen who noticed that something is not right with the automated teller machine (ATM) he is using has gone viral, prompting fears that ATM fraud and card skimming are very much real and are already victimizing Filipinos.

Facebook user Francis Castillo posted on December 2 photos of what seemed to be tampering devices attached to one BPI ATM located at the Fort Global City. The device apprently can be used to record a user’s Personal Identification Number or PIN and perhaps even clone the ATM which can be used to withdraw all money deposited in that bank account.

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PSPC’s stock price unchanged on 1st IPO trading day

The stock price of Phoenix Semiconductor Philippines Corp. (PSPC) rose 8% yesterday during its first trading day after the Initial Public Offering (IPO), but retreated prior to the day’s close and ended at P3.15, exactly the same as its offer price.

Investors who bought the stock at its P3.15 offer price virtually made no gains during PSPC’s first trading yesterday, although more than P237 million worth of the stock were traded.

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Refunds for Eton’s First Homes Makati buyers?

One of our most popular articles on real estate, 7 Useful Tips when Buying a Condo Unit, cited the “reputation of the developer” as one of the key factors to consider before deciding to buy a residential property.

In that article, we wrote:

“For condos that are still in pre-selling stage, the reputation of the developer matters a lot because it ultimately determines whether the condo building will be completed. There have been cases of condo projects in the past that halted construction because the developer ran out of money. In such a case, it would be difficult to get your money back.”

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Subscribe to Max’s Group (MAXS) follow-on share offering?

Restaurant operator Max’s Group (MAXS) has lowered the price for its follow-on shares to be launched before the end of the year.

Initially, the company announced that the follow-on shares will be priced at P29.50 each. Issuing around 300.14 million shares, MAXS expects to raise up to P14.32 billion from the share offering.

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Car Loan financing rates in the Philippines

Looking to buy a new car soon?

If you don’t have enough cash on hand, chances are you’ll rely on car loans to finance your purchase. Do you know which banks offer the best car deals?

Check out our list below to guide you!

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