Long time no see, Smart Money
Philippine Daily Inquirer
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Good morning! Last week, MVP pulled a surprise move by hinting at the revival of Smart Money, its former money transfer brand that later on became PayMaya. In a similar attempt to expand its consumer base, the PCSO is inviting sari-sari stores and gas stations to sell lotto tickets.
Also last week, our columnist Henry Ong opined that enjoying life now is better than delaying until retirement. Sometimes the delayed gratification just isn't worth it, especially when inflation could be set at 3% until 2026.
Speaking of inflation, a 3rd rate cut for 2024 could be in the cards after a weaker-than-expected Q3 for the economy. There is a risk however, as lower interest rates have led to aggressive borrowing that banks have been unable to collect.
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