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Confused by the news? Let’s break it down.
American investment bank Citigroup announced plans to “pursue exits from its consumer franchises in 13 markets across the two regions: Asia, and Europe, Middle East, and Africa (EMEA).” In its latest quarterly report, Citi said it will be exiting retail banking in ...
The number of new billionaires is unprecedented.
As economies fall and millions face unemployment, one group of people has largely escaped the dire economic ramifications of COVID-19—billionaires. And it’s a fact that’s caused more ire than awe.According to Forbes’ 2021 Rich List, more billionaires were created in 2020 and ...
Want to escape Earth? It’ll cost you.
Space, the final frontier. As SpaceX aims for Mars and NASA makes plans for the Moon, what was once just a possibility—off-world living—is now a certainty. Soon enough, humans will be living in stations and colonies on other planets if they decide ...
Beef up your portfolio with this property.
SMDC is leveling up its portfolio once again with its latest project along Roxas Boulevard. After Breeze Residences and Coast Residences, the development giant is adding another luxurious waterfront home to Manila, this time through its upcoming 51-storey Sands Residences.According to Knight ...
It is supervised by the Bangko Sentral ng Pilipinas.
Southeast Asia’s first digital-only bank, or neobank, is launching in the Philippines on March 18. Tonik offers a completely branchless way of banking and seeks to disrupt the Filipino retail banking industry. Tonik is supervised by the Bangko Sentral ng Pilipinas and its deposits ...
'The effects of income on our emotional well-being should not be underestimated.'
Apparently, having more money doesn't really make one compassionate or grateful even. According to a new study by the American Psychological Association (APA), while high earners are more likely to feel confident and prideful, how much they earn doesn't affect how they care for others.In ...
Investments of passion that will appreciate over time.
Stocks, bonds, mutual funds—these are all great vehicles of investments, but do they make your heart soar? Stocks don’t ignite excitement and enlightenment the way art or cars can—but if they do, we don’t mean to offend (sorry, stock brokers).If you have ...
There’s the one percent, and then there’s the 0.1 percent.In the Philippines, how much do you have to have to be part of the elusive 0.1 percent? According to Knight Frank’s latest wealth report, the U.S. has the highest entry point at $25.1 ...
The 489 richest in the Philippines make up 0.0000045 percent of the population.
Ultra-high net worth individual (UHNWI)—that’s the official term and acronym used describe the absolute richest in the world. We’re not talking about the one percent or even the 0.1 percent, although we’ve already written about them. We’re talking about the 0.01 percent—the ...
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