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September 29, 2023

Manulife highlights risks of holding cash over investing

Manulife Investment Management and Trust Corp. (Manulife IM Philippines) cautions that keeping cash instead of investing it in the stock market poses risks as inflation gradually erodes its purchasing power.

Equities and bonds offer higher potential long-term returns compared to cash, according to Equities Head Mark Canizares.

He highlights the impact of inflation by demonstrating a calculation showing the decline in the buying power of cash over a ten-year period.

This emphasizes the potential benefits of investing in professionally managed asset classes to navigate market risks and achieve higher returns.


BSP disqualifies unregistered money service business

The Bangko Sentral ng Pilipinas (BSP) has disqualified Riyben Foreign Exchange for operating an unregistered money service business, part of BSP’s ongoing efforts to curb unauthorized MSBs, following similar actions taken against six other firms earlier this year.

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