Philippines, Vietnam and Typhoon Kalmaegi
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At least 85 people were killed and hundreds of thousands displaced after Typhoon Kalmaegi tore through the central Philippines on Tuesday. Another 75 people are missing. The destructive winds and devastating flooding hit the heavily populated island of Cebu particularly hard.
President Ferdinand Marcos Jr. of the Philippines declared a state of national calamity on Thursday, as the Asian nation continues to reel from the devastation caused by Typhoon Kalmaegi.
It’s the textbook investment strategy — save consistently and let time and compound interest do its work. That’s what Carl Edison Balagtas did in 2016 when he started socking half of his monthly salary into the Philippines stock market in hopes of securing his future.