BPI Wealth – the wealth management arm of the Bank of the Philippine Islands (BPI) – will establish a new mutual fund to lure in young and tech-savvy investors, according to a Manila Bulletin business news report.
To put things in perspective, posted below is an excerpt from the Manila Bulletin news report. Some parts in boldface…
Amid favorable conditions for long-term investments, the wealth-management arm of Ayala-led Bank of the Philippine Islands (BPI) will roll out before this year ends a new mutual fund eyeing young and tech-savvy investors.
BPI Wealth personal wealth head Irene Ang told a press briefing on Friday, October 18, that the forthcoming BPI Wealth Builder Multi-Asset Mutual Fund Inc. isexpected to be approved “soon” by the Securities and Exchange Commission (SEC), which regulates mutual funds, for it to be sold to the public.
This first-of-its-kind balanced, global-based and peso-subscription and -redemption fund aims to convince millennials and the Gen X generation in the country to invest and prepare for their retirement, Ang said.
Among the innovative and unique features of this mutual fund include availability for a minimum of only P1,000; accessibility on BPI’s online platforms and accredited channels to conveniently open an investment account, monitor investments, and receive cumulative rewards and benefits at no extra cost; as well as an automated and automatic top-up system allowing additional investments of at least P100 monthly.
Ang is optimistic that up to P1-billion investments in their upcoming newest mutual fund would be “easy.”
BPI Wealth president and chief executive officer (CEO) Maria Theresa D. Marcial noted that among their investors, those who onboarded via digital channels continued to engage more regularly than branch-opened accounts.
“We should push more into digital initiatives,” said Marcial, who is spearheading BPI’s “Wealth Wellness Month” this October to promote financial inclusion and literacy as well as opportunities for small investors.
Marcial disclosed that as of end-September, BPI Wealth’s assets under management (AUM) rose to a new high of P1.4 trillion, from P1.2 trillion in end-2023.
On top of the earlier goal of 20-percent AUM increase for this year, Marcial said a further 15-percent growth next year will be “reasonable.”
BPI Wealth targets P3 trillion in AUM by 2026.
Marcial cited that while mutual funds and other assets experienced a roller-coaster ride of ups and downs during the past three years due to global financial conditions, the clarity in the ongoing monetary policy easing here and abroad this year has improved prospects.
“We’re seeing markets becoming more buoyant, and fund managers are becoming more constructive across asset classes,” she said.
“Bonds are expected to do better, as interest rates go lower. And because interest rates are lower… so [in] equity we’re seeing some renewed interest,” she added.
Let me end this post by asking you readers: What is your reaction to this recent development? Do you think BPI Wealth’s newest move makes a lot of sense with today’s economic environment? Do you think a lot of millennials are willing to engage in investments?
Recently in the city of Parañaque, three men who pretended to be agents of the National Bureau of Investigation (NBI) got arrested by the police for extortion, grave threat, malicious mischief and the usurpation of authority, according to a Manila Bulletin news report. The three suspects were also responsible for a previous attempt to extort money from a Parañaque spa while pretending to be working for the NBI.
To put things in perspective, posted below is an excerpt from the Manila Bulletin news report. Some parts in boldface…
Three men who posed as agents of the National Bureau of Investigation (NBI) and attempted to extort P100,000 cash from the owner of a food store were arrested by members of the Parañaque police Tambo Substation on Saturday, October 19.
The Southern Police District (SPD) identified the suspects as alias “Bernard,” 44, alias “John,” 29, both businessmen, and alias “Lenon,” 24.
The SPD said the suspects were arrested around 3:00 a.m. at a food store located in Aseana I Building, E. Cuenco, Barangay Tambo.
The police said the suspects reportedly entered the establishment and presented a fraudulent search warrant alleging that the store was selling illegal tobacco and cigarettes.
The suspects threatened the 19 year-old store cashier and demanded that the store owner pay P100,000 cash to avoid penalties for selling illegal tobacco products.
The police said Aseana security guards were alerted and intervened when they noticed the commotion inside the food store while the suspects were dismantling the store’s CCTV camera.
Members of the Tambo police substation who were near the area were called for police assistance and upon verification, the suspects were found to be fake NBI agents.
During investigation, the police said Atty. Joseph Eufemio S. Martinez, Deputy Chief of Staff, Office of the Deputy Director for Operations Supervising Agent, National Capital Region (NBI-NCR), National Bureau of Investigation, said that the arrested suspects are not member of the agency.
The police also found that the same suspects had previously attempted to extort money from a spa in Parañaque City on September 1, 2024 by posing as NBI agents and threatening the business owner.
Let me end this post by asking you readers: What do you think about this recent development? If you are a resident of Parañaque, are you concerned that there could be more individuals who would visit local businesses pretending to be NBI agents and make grave threats as they extort money? If you are a local business owner, did you encounter the same suspects in the news report?
For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagement, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673
Recently in the progressive City of Muntinlupa, all of the nine barangays successfully passed the standards for Violence Against Women and Children (VAWC) desks, according to a Manila Bulletin news report.
To put things in perspective, posted below is an excerpt from the Manila Bulletin news report. Some parts in boldface…
All the nine barangays in Muntinlupa have passed the standards under the law for their VAWC (Violence Against Women and Children) desks.
“Congratulations to all barangays of Muntinlupa for achieving 100% compliance with our VAWC (Violence Against Women and Children) desk standards!” said Muntinlupa Mayor Ruffy Biazon.
Under the standards, he said, the functionality of each barangay was assessed based on policies, personnel, resources, planning and budgeting, implementation, good practices, and regular submission of reports.
“At talagang commendable ang bawat barangay for having met these standards (And each barangay is really commendable for having met these standards),” he said.
Under a memorandum circular issued in 2023 by the Department of the Interior and Local Government (DILG), VAWC) is defined as “any act of or a series of acts committed by any person against a woman who is his wife, former wife, or against.a woman with whom the person has or had a sexual or dating relationship, or with whom he has a common child, or against her child whether legitimate or illegitimate, within or without the family abode, which result in physical, sexual, psychological harm or suffering, or economic abuse including threats of such acts, battery, assault, coercion, harassment or arbitrary deprivation of liberty.”
These acts include physical violence, sexual violence, psychological violence and economic abuse. Biazon lamented the violence happens inside a household.
“Pero naririto ang City Government at mga barangay to ensure that women and children have somewhere to turn to for help. Tinitiyak natin na meron laging tutugon sa kababaihan at kabataang humihingi ng saklolo (But the City government and barangays are here to ensure that women and children have somewhere to turn to for help. We ensure that someone will respond to women and children who seek help),” the mayor said.
Let me end this post by asking you readers: What is your reaction to this recent development? If you are a resident of Muntinlupa City, do you think having a VAWC desk in your barangay will be helpful? What is the first thing that comes to your mind whenever you think about the VAWC
For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagement, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673
Recently in the City of Las Piñas, police officers arrested a person identified with the LGBTQ (lesbian, gay, bisexual, transgender and queer) community over the charge of child abuse, according to a Manila Bulletin news report. The law enforcers carried a warrant of arrest issued by a certain branch of the Las Piñas City Family Court.
To put things in perspective, posted below is an excerpt of the news report of the Manila Bulletin. Some parts in boldface…
A member of the LGBTQ community was arrested by the Las Piñas City Police for child abuse on Wednesday, October 16, Las Piñas Police chief PCol. Sandro Tafalla said.
The suspect was identified as “Butchoko,” 42. He was arrested at around 4:45 p.m. in Barangay Talon Uno, Las Piñas City.
Tafalla said the suspect was tagged as Top 6 most wanted person under the station level for the month of October in violation of Republic Act 7610 or the Special Protection of Children Against Abuse, Exploitation, and Discrimination Act.
Butchokoy was arrested by virtue of warrant of arrest issued by Judge Mildred Jacinto Marquez Balmaceda of the Las Piñas City Family Court Branch 2 on September 9, 2024, with a P200,000 recommended bail.
Let me end this piece by asking you readers: If you are a resident of Las Piñas City, what is your reaction to this development? Are you concerned that there could be more children within the city who got abused? Are you concerned that child abuse incidents were not reported as crimes locally?
For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagement, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673
Recently the Subic Bay Metropolitan Authority (SBMA) got recognized yet again in the field of sports tourism as it won the Destination of the Year award for 2023 during the 6th Philippine Sports Tourism Awards, according to the social media announcement via the FUNtastic Subic Bay Facebook page.
To put things in perspective, posted below is an excerpt from the social media post. Some parts in boldface…
We’re thrilled to announce that Subic Bay has once again been recognized as the 𝑫𝒆𝒔𝒕𝒊𝒏𝒂𝒕𝒊𝒐𝒏𝒐𝒇𝒕𝒉𝒆𝒀𝒆𝒂𝒓 (for 2023) at the prestigious 6th Philippine Sports Tourism Awards!
From the post of FUNtastic Subic Bay on Facebook.
This marks our fourth win, following our previous victories in 2019 for Sports Tourism Destination Marketing of the Year, 2018 for Event of the Year (International), and 2017 for Destination of the Year.
We extend our heartfelt gratitude to our Chairman and Administrator Engr. Eduardo L. Aliño, the SBMA Board of Directors, the SBMA working group, our partner organizers, and all our stakeholders for their unwavering commitment to making Subic Bay a premier sports tourism destination. This achievement is a testament to our collective efforts. Congratulations to all of us!
I personally have visited the Subic Bay Freeport Zone (SBFZ) from time to time since 1994. I have witnessed how much Subic Bay evolved as a tourism destination, a shopping destination as well as a special events destination. The tourism team of the SBMA has a long track record of sports tourism development and the hosting of many kinds of sports events. That being said, it is not surprising to me that the SBMA won another sports tourism award.
For the newcomers reading this, Subic Bay was the host venue of selected events of the 2019 Southeast Asian Games (SEA Games). Each year, Triathlon Philippines (TriPhil) organizes the Subic Bay International Triathlon (SuBIT) there.
Let me end this post by asking you readers: What is your reaction to this recent development? Have you been touring Subic Bay recently? Did you ever attend a sports event held in the Subic Bay Freeport Zone?
Madison Galeriesannounced that the 2024 edition of the Mardi Gras Warehouse Sale is all set to happen from November 15 to 17, 10AM to 8PM, at The Events Place at the 3rd floor of the mall in Barangay Cupang, Alabang, Muntinlupa City.
For the newcomers reading this, Madison Galeries is located along Don Jesus Boulevard and it is a short drive away from Alabang Hills Village as well as the West Service Road.
To put things in perspective, posted below is an excerpt from Madison Galeries’ Facebook announcement. Some parts in boldface…
Exciting news, everyone! The ultimate Warehouse Sale is back and better than ever! Mark your calendars! Mardi Gras is coming on November 15-17, 2024, at The Madison Events Place.
This is the anticipated event of the year where you can score amazing deals with up to 80% off a wide range of items! Whether you’re hunting for unique finds, fresh stocks, or just looking to snag low prices, this sale is not to be missed.
The accepted modes of payments at the sale are cash, GCash and credit cards. Like the previous years’ Mardi Gras sale/bazaar, there will be a wide range of items offered such as coffee mugs, utensils, kitchenware, clothes, toys, bags and more. Mardi Gras Warehouse Sale is also an opportunity for shoppers to buy items for Christmas gift-giving.
For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagements, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673
To put things in perspective, posted below is an excerpt from the GMA news report. Some parts in boldface…
Philippine Offshore Gaming Operators (POGOs) appear to be trying to evade the authorities by forming smaller groups and setting up in residential areas, the National Bureau of Investigation said amid a raid on a group of alleged scammers.
In a report by John Consulta on 24 Oras on Tuesday, 17 foreigners were arrested in the raid on a residential unit in Makati City. They were caught at their workstations for alleged scamming activities, including love scams and crypto scams.
“Pag nakakuha sila ng pool of information, magko-conduct sila ng background investigation kung sino ang target nila. Pag nakita nila yung pattern, yung character, yung hobby, yung daily activities at the same time yung longings ng kanilang victims, ie-engage nila through social engineering,” said National Bureau of Investigation (NBI) Cybercrime Division Chief Jeremy Lotoc.
(When they get a pool of information, they will conduct a background investigation on their target. When they see the pattern, the character, the hobby, the daily activities, and at the same time the longings of their victims, they will engage through social engineering.)
“Merong hacker, merong buyer ng data. May nakita kaming program-coded script na pwede magamit to access other systems without the authority nor consent of the system owner we assume meron silang activity in terms of hacking,” Lotoc added.
(There is a hacker, and there is a buyer of data. We found a program-coded script that can be used to access other systems without the authority or consent of the system owner. We assume they have activity in terms of hacking.)
The National Bureau of Investigation (NBI) said they are from big Philippine Offshore Gaming Operator (POGO) companies.
“Yung malalaking POGO, nag-group sila into smaller group, nag-o-occupy ng residential units, apartments, para hindi mahalata na POGO, yun pa rin. To continue their scamming activities,” said NBI Director Jimmy Santiago.
(These big POGOs form smaller groups and occupy residential units so that they can’t be detected. Then they continue their scamming activities.)
The NBI is already examining the computers to obtain the details of their victims, while an inquest has already been conducted on those arrested and they are facing online fraud complaints and the violation of the Cybercrime Prevention Act.
Let me end this post by asking you readers: What is your reaction to this recent development? Are you concerned that there could be these small POGO-related units secretly operating within the residential communities near you? Has there been a raid in your local community in connection with POGOs, scamming and hacking?
To put things in perspective, posted below is an excerpt from the Manila Bulletin report. Some parts in boldface…
The total ban on the Philippine Offshore Gaming Operations (POGO) contributed to a significant decrease in the demand for office spaces in the third quarter of the year, property brokerage firm Leechiu Property Consultants (LPC) said.
In a statement, LPC said office take-up from July to September dropped by 21 percent to only 215,000 square meters (sqm), with the POGO industry’s downsize and other tenants’ transfer to newer spaces contributing to an increase in vacancies.
The POGO industry was one of the main drivers of the residential and office markets at the time of the Duterte administration, until getting totally banned by President Ferdinand Marcos Jr. this year amid their venture into illicit areas.
“The grave abuse and disrespect to our system and laws must stop. We need to stop them and their abuse to our country,” Marcos Jr. said.
Despite the decline in office take-ups this quarter, LPC said that the country is on track to surpass the one million sqm office demand registered last year.
“The year-to-date demand for office space has reached 900,000 sqm, marking an 11 percent increase over the first three quarters of 2023,” it said.
In terms of leasing pattern, LPC said tenants are now shifting from higher-quality buildings to offices that can offer better and larger spaces.
In terms of location, the bay area continues to be the top choice, with office take-up driven primarily by government agencies occupying 80,000 sqm in the first nine months of the year. Outside Metro Manila, Cebu remains the top provincial market with the higher take-up coming from the IT-BPM industry.
Let me end this post by asking you readers: What is your reaction to this recent development? Do you think the shrinking of the office market is temporary at best and a recovery could begin before the end of the year? Do you favor the ban on POGOs?
For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagement, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673
Recently in the province of Camarines Norte, eleven Chinese nationals were arrested by local authorities for the illegal construction of a mineral processing plant, according to a Philippine News Agency (PNA) news article.
To put things in perspective, posted below is an excerpt from the PNA news article. Some parts in boldface…
The Police Regional Office (PRO) 5 (Bicol) reported on Monday the arrest of 11 Chinese nationals involved in the illegal construction of a mineral processing plant in Camarines Norte on Sunday.
Lt. Col. Malu Calubaquib, PRO-5 spokesperson, said the arrest was conducted by personnel from the Bureau of Immigration (BI), the Presidential Anti-Organized Crime Commission (PAOCC), Philippine National Police (PNP), and Armed Forces of the Philippines (AFP) in Purok 6, Barangay Tugos, Paracale, Camarines Norte.
Calubaquib identified the suspects as Liu Wei Xi, Chen Gui Hua, Chang Si Ci, Chen Chan Xia, Liu Wei Mang, Yu Yun Lai, Zhen Zi Yu, Li Chun, Jiu Zhong Ren, Lou Peng, and Sheng Yuan Fan.
“Their arrest was made under a mission order issued by the Bureau of Immigration against the Chinese nationals,” she said.
Calubaquib said the suspects were placed under the custody of the BI for further investigation and proper disposition.
Let me end this post by asking you readers: What is your reaction to this recent development? Are you concerned that there could still be a lot of Chinese nationals engaging in illegal activities in your local community? Does the involvement of Chinese nationals in local construction disturb you?
Welcome back, my readers, YouTube viewers and all others who followed this series of articles focused on YouTube videos worth watching. Have you been searching for something fun or interesting to watch on YouTube? Do you feel bored right now and you crave for something to see on the world’s most popular online video destination?
I recommend you check out the following topics and the related videos I found.
#1In-depth look at the making of Silent Hill – It has been over twenty-five years since Konami released Silent Hill on PlayStation. That horror-themed adventure game added to the evolution of horror gaming and it stood out differently from Capcom’s Resident Evil series of survival horror games. I recently viewed a very in-depth video by thegamingmuse who spent a lot of effort researching the game development history of Silent Hill, who the creators were and what challenges came along the way leading to the game’s eventual release. The video is over a hundred minutes long but I assure you it is full of details that will give you insight about how the game materialized.
#2 Electric cars are still very dangerous and deadly – I mentioned before that no matter how nice the promotions are, electric cars are still dangerous to have as they can spark fire randomly, damage properties nearby and even kill you. In recent times, there were these two electric cars in different locations that sparked into flames randomly. One of them was not even charging at all while being parked in a residential community’s parking area. That electric car suddenly caused a huge fire that destroyed many cars parked nearby while also forcing many residents to leave their units. The fact is electric vehicles are not safe and are not reliable. The future of the automobile is absolutely NOT electric. Watch and learn from the videos below.
#3 Star Trek: Generations reaction video by Popcorn in Bed (PIB) – Before I first saw Star Trek: Generations in the cinema in 1995, I was excited over the promised cinematic crossover between the iconic captain James T. Kirk and captain Jean Luc Picard. Having seen a mix of movies of the original Star Trek crew plus episodes of Star Trek: The Next Generation, the concept of a crossover was really intriguing. After watching Star Trek: Generations, I left the cinema disappointed not only because the Kirk-Picard crossover (William Shatner and Patrick Stewart together on-screen) was not so great but also because the pacing and direction were not cinematic in execution. In fact, I find Star Trek: Generations’ concept more suitable in comic book format.
Of course, the flawed movie has its fans and slowly it is being discovered by YouTubers for the first time in their lives. Popcorn in Bed (PIB) recently posted the reaction video of Star Trek: Generations and she previously spent months watching all the seven TV seasons of Star Trek TNG. How would she react to the movie and how it impacted her, you have to watch it below.
#4 Terrorist state Iran’s hatred towards Israel explained – With its evil regime that started in 1979, Iran is both a terrorist state as well as the center of evil in the entire Middle East. No matter how many times a Democrat-led United States bowed to them and made desperate deals with them, Iran’s top leaders kept cheering (in their local language) death to America, England and Israel. In other words, Western ideals and democracy are completely unacceptable to Iran’s evil regime. The Ayatollah regime of Iran is so wicked, their government even brutalizes Iranians who do not follow their ways.
For Iran, the existence of Israel (the land that God designated to the Jewish people) unacceptable and their hatred towards them is so powerful, they sponsored terrorist groups like Hamas and Hezbollah to launch waves of attacks to destroy the Jewish state. Terrorist state Iran is doing what Satan always wanted and the evil regime is still obsessing with dominating the Middle East with destruction and the imposition of their religious beliefs on others. Iran is also obsessed with world domination and they will also attack Europe and America. To find out more, watch TBN Israel’s compelling video explaining Iran’s hatred towards Israel.
#5 The high number of deaths caused by electric cars that went wrong – Going back to electric cars, I posted a video that discusses in detail a hot issue that electric vehicle fanatics and the mainstream news media do not want to talk about – the high number of deaths caused by electric cars that went wrong. Watch it now.
#6. Kamala Harris simply cannot be trusted – In recent times, Kamala Harris appeared in several TV shows to reach out to as many voters as she could as the US Presidential Election gets closer. Harris has huge problems: dishonesty, inconsistency and a distorted view of reality. In other words, the Democrats’ presidential nominee is very out of touch with reality and she does not seem to care much about the American people who have been suffering from rising crime, the higher costs of living, the deterioration of public order in connection with the rising number of illegal aliens in America, and much more.
In short, Harris is so woke, she has no real solutions for the American people. She cannot even define herself clearly as she is obsessed with identity politics, vibes and wokeness. She cannot even focus on policy and governance. Kamala Harris is clearly unfit to become President of the United States (the Democrats will have to CHEAT AGAIN to elect her). Watch and learn from the selected videos below.
#7. Understanding America’s Electoral College – In light of the US Presidential Election happening on November 5, 2024, now is a good time to learn about the Electoral College and how it works on electing the next President. Contrary to popular belief, the popular vote does not determine the winner of the election as there is a state-by-state mechanism and the ones who actually determine the winner are the electors. Confused? Watch the two PragerU videos below.
#8 Dragonslayer reaction video by You, Me and the Movies – I was a very young boy when I first saw Dragonslayer inside the cinema back in 1981 here in the Philippines. Being so young, I was not yet aware that the fantasy movie was a Disney-Paramount joint effort. The public word of mouth back then was that the movie was a visual spectacle as it had Industrial Light and Magic (ILM) work on the special effects while the Go Motion effects were handled by Phil Tippett. To make things clear, I am NOT a fan of Dragonslayer but I should say that YouTuber You, Me and the Movies recently posted their movie reaction of it which is entertaining to watch.
#9 The elimination of Hamas terrorist leader Sinwar plus the attempted attack against Israel’s PM Netanyahu – In recent times, I posted about the unexpected elimination of Yahya Sinwar who was the leader of the Iran-sponsored Palestinian terrorist group Hamas and the mastermind of the October 7, 2023 terrorist attacks against Israel. Sinwar was a mass murderer and a real-life demon who always hated Israel and the Jewish people. He was also one of the favorite terrorist allies of Iran. Apart from Sinwar, Iran had its Lebanon proxies Hezbollah attempt to assassinate Israeli Prime Minister Benjamin Netanyahu only to fail. The war against Islamic terrorism continues and the TBN Israel news video explains the details for you all.
Author Carlo Carrasco 