The Philippine financial system consists of both public and private institutions. The central bank, Banko Sentral ng Pilipinas (BSP), is responsible for maintaining price stability and regulating the banking system. BSP oversees commercial banks, thrift banks, rural banks, and non-bank financial institutions. Along with development banks like Land Bank of the Philippines and government insurance agencies, these financial institutions facilitate lending, investment, and social services. Banking in the Philippines began in the 16th century and grew to include both domestic and foreign banks to support the country's economic development.
This ppt defines business finance, become
familiar with the role of business finance and knowing the important consideration of risks in financial decision making.
Know the relationship of business finance in other disciplines particularly accounting.
This describes the Philippine Monetary Policy. This slideshow contains a brief history of the Philippine Monetary System and of the Bangko Sentral ng Pilipinas. This also contains the functions of money and how the BSP uses it to the Philippines' advantage.
This ppt defines business finance, become
familiar with the role of business finance and knowing the important consideration of risks in financial decision making.
Know the relationship of business finance in other disciplines particularly accounting.
This describes the Philippine Monetary Policy. This slideshow contains a brief history of the Philippine Monetary System and of the Bangko Sentral ng Pilipinas. This also contains the functions of money and how the BSP uses it to the Philippines' advantage.
The presentation is about the central banks of Pakistan which is the state bank. This ppt contains all the functions and important information that is required for a excellent presentation.
Chapter 1 Indian banking introduction newNayan Vaghela
Meaning & Definition of Bank, Portfolio Management, Role of Banking Sector in Economic Development, Constituents of Banking System in India, Functional Classification of Banks
The most important and irreplaceable files on your computer are your personal files. The windows system files etc. can be reinstalled, but your applications and your data are the most important files on your computer which have to be backed up periodically according to the changes and need.
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
The secret way to sell pi coins effortlessly.DOT TECH
Well as we all know pi isn't launched yet. But you can still sell your pi coins effortlessly because some whales in China are interested in holding massive pi coins. And they are willing to pay good money for it. If you are interested in selling I will leave a contact for you. Just telegram this number below. I sold about 3000 pi coins to him and he paid me immediately.
Telegram: @Pi_vendor_247
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
The European Unemployment Puzzle: implications from population agingGRAPE
We study the link between the evolving age structure of the working population and unemployment. We build a large new Keynesian OLG model with a realistic age structure, labor market frictions, sticky prices, and aggregate shocks. Once calibrated to the European economy, we quantify the extent to which demographic changes over the last three decades have contributed to the decline of the unemployment rate. Our findings yield important implications for the future evolution of unemployment given the anticipated further aging of the working population in Europe. We also quantify the implications for optimal monetary policy: lowering inflation volatility becomes less costly in terms of GDP and unemployment volatility, which hints that optimal monetary policy may be more hawkish in an aging society. Finally, our results also propose a partial reversal of the European-US unemployment puzzle due to the fact that the share of young workers is expected to remain robust in the US.
how to sell pi coins at high rate quickly.DOT TECH
Where can I sell my pi coins at a high rate.
Pi is not launched yet on any exchange. But one can easily sell his or her pi coins to investors who want to hold pi till mainnet launch.
This means crypto whales want to hold pi. And you can get a good rate for selling pi to them. I will leave the telegram contact of my personal pi vendor below.
A vendor is someone who buys from a miner and resell it to a holder or crypto whale.
Here is the telegram contact of my vendor:
@Pi_vendor_247
Empowering the Unbanked: The Vital Role of NBFCs in Promoting Financial Inclu...Vighnesh Shashtri
In India, financial inclusion remains a critical challenge, with a significant portion of the population still unbanked. Non-Banking Financial Companies (NBFCs) have emerged as key players in bridging this gap by providing financial services to those often overlooked by traditional banking institutions. This article delves into how NBFCs are fostering financial inclusion and empowering the unbanked.
If you are looking for a pi coin investor. Then look no further because I have the right one he is a pi vendor (he buy and resell to whales in China). I met him on a crypto conference and ever since I and my friends have sold more than 10k pi coins to him And he bought all and still want more. I will drop his telegram handle below just send him a message.
@Pi_vendor_247
how can i use my minded pi coins I need some funds.DOT TECH
If you are interested in selling your pi coins, i have a verified pi merchant, who buys pi coins and resell them to exchanges looking forward to hold till mainnet launch.
Because the core team has announced that pi network will not be doing any pre-sale. The only way exchanges like huobi, bitmart and hotbit can get pi is by buying from miners.
Now a merchant stands in between these exchanges and the miners. As a link to make transactions smooth. Because right now in the enclosed mainnet you can't sell pi coins your self. You need the help of a merchant,
i will leave the telegram contact of my personal pi merchant below. 👇 I and my friends has traded more than 3000pi coins with him successfully.
@Pi_vendor_247
how to sell pi coins in all Africa Countries.DOT TECH
Yes. You can sell your pi network for other cryptocurrencies like Bitcoin, usdt , Ethereum and other currencies And this is done easily with the help from a pi merchant.
What is a pi merchant ?
Since pi is not launched yet in any exchange. The only way you can sell right now is through merchants.
A verified Pi merchant is someone who buys pi network coins from miners and resell them to investors looking forward to hold massive quantities of pi coins before mainnet launch in 2026.
I will leave the telegram contact of my personal pi merchant to trade with.
@Pi_vendor_247
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
3. History of the Philippine Banking
• Banking in the Philippines began in the 16th Century
• This was the establishment of Obras Pias (Pious Works)
by laymen associated with the religious orders.
• Funded from legacies and donations of wealthy
individuals
• The Obras Pias was the source of credit and its funds
were invested in mortgage financing loans, trade with
Acapulco and maritime insurance.
• Obras Pias profits were channeled to the construction of
churches , government buildings and other charitable and
religious projects.
4. History of the Philippine Banking
• Among the first banks that emerged in 19th was the
Rodriguez Bank which was considered as more of a loan
association than a regular bank.
• The need for more extensive banking services and
facilities led the board of authorities (Junta de
Autoridades) in Manila to establish on August 1, 1851 the
first state bank in the Philippines.
• The Banco Espanol-Filipino de Isabel II was the first state
bank and Obras Pias provided 50% of its bank capital.
• In 1873, British-Orient banks opened in the country as a
result of the expanded Philippine –European trade that
followed the opening of the Suez-Canal in 1869.
5. History of the Philippine Banking
• The Chartered bank of India, Australia and China opened
in Manila in 1872.
• The Hongkong and Shanghai Banking Corporation
established its Manila branch in 1875.
• The first mutual savings in the country is Monte de Piedad
Y Caja de Ahorros - a unique combination of savings
banks and pawnshops opened in 1882. Initial
capitalization was also provided by Obras Pias.
• The bank was later renamed to Monte De Piedad and
Savings Bank.
• The Banco Espanol-Filipino de Isabel II changed its name
to Bank of the Philippine Islands on January 1, 1912.
6. History of the Philippine Banking
• BPI established correspondent arrangements with a Paris
bank for servicing of client transactions with counterparts
in Europe and other parts of the world.
• BPI is considered as the oldest bank in the country.
• During the American Occupation , seven domestic private
banks came to existence. Branches of Japanese a well as
Chinese banks were also opened during the early part of
the period.
• The Postal Savings Bank was put up in 1906.
• The first agricultural bank was established in 1908 but its
assets and liabilities were transferred to the Philippine
National Bank which was organized in 1916.
7. History of the Philippine Banking
• Three years after the American regime ended, the Central
Bank of the Philippines was created, establishing a
managed monetary system in the Philippines.
• It was given the sole authority to issue the country’s paper
money, regulate and supervise the country’s banking
system.
9. Banko Sentral ng Pilipinas (BSP)
• The BSP was created under Section 2 of RA 7653 better
known as “The New Central Bank Act”.
• It traces the roots and fundamental structure from its
predecessor, the Central Bank of the Philippines.
• The Bank began formal operations on July 3, 1993.
• The BSP performs several important functions that have
significant effect on the value of the money.
10. BSP’s Important Functions
• The Money Manager – The BSP manages the amount of
money available to the public to keep prices from
increasing more than usual. It does this to preserve the
value of money , earnings and savings are not eroded by
abnormal increases of goods and services.
• The Supplier of Money – Only BSP can legally issue
money in paper notes and coins and in amounts
consistent with the country’s economic program. The
money it issues is fully guaranteed by the Government
and can be used to pay any goods and services in the
country. The BSP also prints the paper money and mints
the coins. At its vaults, a ready supply of money is
available to replace old ones or add to those currently
being used.
11. BSP’s Important Functions
• The Banker’s Bank – The BSP grants loans to and accepts
deposit only from banks. It grants loans to banks for
commercial , production and similar purposes as in exports and
imports and agricultural activities. It lends cash to banks in
times of national or local emergencies or its financial problems
directly threatens the stability of the banks.
-BSP accepts deposits from banks as part of their required
reserves.
-As part of its management of the money supply, the BSP
requires banks to set aside and not lend a portion of their
deposits. To comply with this requirement, Banks keeps a portion
of their cash in their vaults and a specified portion deposited with
BSP or invested in Government Securities bought directly from
BSP.
12. BSP’s Important Functions
• The Supervisor of all Banks – In exercise of its
responsibility to supervise banks, the BSP regularly
monitors and examines the operations of banks as well as
their compliance with banking rules and regulations. BSP
can assign a conservator to temporarily manage the bank
to prevent it from incurring more loses and affecting other
banks.
• The Main Bank of the Government – The BSP is the
official depository of the government. Some of the tax
collections , proceeds of the sale of government securities
and foreign loans are deposited to BSP. If government
needs money it withdraws funds from BSP.
13. BSP Monetary Board
• Is the policy-making body of the bank.
• It is headed by the Governor who is concurrently the
Chairman of the Board with five full-time members from
the private sector and one member from the cabinet.
• Implementing its policies and regulations as well as
running the day-to-day operations are the officers and
employees . A deputy Governor heads each of the Bank’s
three major operating sectors.
• Banking Services Sector
• Supervision and Examination Sector
• Resource Management Sector
14. Banko Sentral ng Pilipinas (BSP)
• The BSP is responsible for maintaining Price Stability
conducive to a balanced and sustainable growth of the
economy.
• The BSP keeps the prices of goods and services steady
and at the reasonable levels so the economy can run
unhampered.
• The BSP provides policy directions in the areas of
money, credit and banking.
• To keep the prices at reasonable levels, BSP must protect
at all times the value of Peso.
• BSP supervises the operations of banks to promote the
soundness and safety of banking.
15. Banko Sentral ng Pilipinas (BSP)
• In Republic Act 7653, the BSP also regulates the
operations of finance companies and non-bank financial
institutions doing quasi-banking operations.
17. Private Banking Institutions
• These companies perform the service of safekeeping
funds through the acceptance of money deposits and the
provision of credit through lending of money.
• The banks assist in the mobilization of funds needed for
various industries and other productive undertaking.
1. Commercial Banks – covers the widest range of
functions among all financial intermediaries. Their
services include receiving, collecting, transferring ,
paying, lending, investing, dealing, exchanging and
handling money, safe deposit, custodianship ,
trusteeship and money claims domestically and
internationally.
18. Private Banking Institutions
2. Thrift Banks – are savings and mortgage banks, stock
savings and loan associations, and private development
banks which in addition to accepting savings and time
deposits, perform the following functions: grant loans,
invest in readily marketable bonds and other debt
securities. They differ from commercial banks in that
they cannot engage in international banking operations.
But they can accept checking accounts, government
deposits and foreign currency deposits and perform
trust functions upon approval from Central Bank.
19. Private Banking Institution
3. Rural Banks – regional banks operating primarily to
serve the needs of people in the provinces and sub-
urban areas. Rural banks perform the following
functions: Granting of short term loans to farmers ,
merchants, cooperatives to finance their requirements
in the pursuit of their business which are principally
aimed at countryside development. They also accept
savings and time deposits to accumulate funds for local
development. They also serve as channels for
disbursement and collections of supervised credit
programs and they act as correspondents for other
financial institutions.
20. Government Banks
• Development Bank of the Philippines – was established in
1946 as the Rehabilitation Finance Corporation to attend
to the requirements of rehabilitation and development
after World War II. Today, it is tasked with the
development and expansion of the agricultural industry
and promoting the establishment of private development
bank. Its lending activities are concentrated on
development projects, such as agriculture, industry and
low-cost housing.
21. Government Banks
• Land Bank of the Philippines – was organized in 1963 to
provide timely and adequate financial support to the
Agrarian Reform program. Its lending activities are geared
primarily towards helping farmers acquire land under the
agrarian reform program. The bank was also granted
special powers under the General Banking Act as it can
perform the functions of universal bank including trust
functions.
22. Government Banks
• Philippine Amanah Bank – was established in 1974 to
promote and accelerate the socio-economic development
in Mindanao especially in the predominantly Muslim
province and economically depressed areas of Cotabato ,
Lanao Del Sur, Lanao del Norte, Zamboanga del Sur and
Norte and Sulu. However, it is also based on the Islamic
concept of banking following the “no-interest and
partnership” principles.
23. Private Non-Bank Financial Institutions
1. Investment Houses
2. Investment Companies
3. Financing Companies
4. Securities Dealers/Brokers
5. Non-stock Savings and Loan Associations
6. Building and Loan Associations
7. Pawnshops
8. Trust Corporations
9. Insurance Companies
10. Fund Managers
11. Lending Investors
12. Venture Capital Corporations
24. Government Non-Bank Financial
Institution
• Government Service Insurance System (GSIS)- was
entrusted with the administration of a life insurance fund.
It then extended life insurance coverage and benefits to
government employees in the country. It provides social
insurance and security benefits to members and has
supported financially a wide range of economic
development both government and private.
25. Government Non-Bank Financial
Institution
• Social Security System – grants to its members those
from the private sector benefits such as sickness,
disability, death and old-age pension. Additional benefits
have been incorporated into scheme, including
hospitalization benefits , employees compensation
benefits and maternity benefits.