Some 16 local and foreign business groups have strongly urged for the immediate enactment of the proposed Financial Consumer Protection (FCP) Act, which seeks to protect consumers amidst the growing complexity in financial services, especially digital services. In a statement the business group...
Senator Sherwin Gatchalian is seeking to protect consumers from the fraudulent schemes of some financial service providers and unscrupulous individuals. Senator Sherwin Gatchalian during a special session in the Senate on March 23, 2020. (Henzberg Austria/Senate PRIB) Gatchalian said on Saturday,...
The rate of increase in consumer prices was steady for the third straight month in May, but remained above the Duterte administration’s target, data from the Philippine Statistics Authority (PSA) showed on Friday, June 4. The country’s headline inflation clocked in at 4.5 percent last month,...
Homegrown brand Hygienix goes global in its mission to #FightWorldGermination The Hygienix product line Long before the pandemic started, Philippine-brand Hygienix has already built a solid following and reputation for their innovative and effective health and hygiene products: the Hygienix...
The Bangko Sentral ng Pilipinas (BSP) is pushing for faster approval of the crucial Financial Consumer Protection Act (FCPA) to update and better define the regulator or the central bank powers to protect consumers from abuses, errors and frauds. BSP Governor Benjamin E. Diokno said the new...
The Philippines slipped 10 notches lower to 96th from 86th in the 2020 global e-commerce readiness index, the United Nations Conference on Trade and Development (UNCTAD) reported. The UNCTAD Business-to-Consumer (B2C) E-commerce Index 2020 where Switzerland climbed to the top spot replacing...
Market Year-ender Shown at the last day of trading for 2020 are (from left): PSE Finance Division Head Roberto Jose R. Jimenez and Securities Clearing Corporation of the Philippines COO Renee D. Rubio; PSE COO Roel A. Refran and PSE President and CEO Ramon S. Monzon. One would run out of...
The National Economic and Development Authority (NEDA) is encouraging consumers and the working population to respond to a new survey on confidence in the safe and gradual opening of the economy. In a statement, Acting Socioeconomic Planning Secretary Karl Kendrick T. Chua said the key to a real...
Bangko Sentral ng Pilipinas (BSP) surveys showed consumer and business sentiments are improving with the resumption of economic activity – despite still being limited – and other developments in the fight against COVID-19 outbreak. The BSP’s Business Expectations Survey (BES) for the fourth...
Not surprisingly, the results of both the central bank’s Business Expectation Survey (BES) and the Consumer Expectation Survey (CES) were not on the positive and optimistic side as the COVID-19 pandemic is still unresolved and most of the country’s economic centers still under quarantine...
Majority of Filipinos (52%) will be tightening the purse strings this Christmas, which could push holiday sales substantially lower, a survey said. According to new research by global financial comparison website Finder.com, 52 percent of Filipinos aged 18 and above – equivalent to 35.5 million...
Diskarte is a Filipino word that does not quite translate accurately. It is what Filipinos resort to in times of crisis. The best way to explain what it means is by citing examples of how various kinds of diskarte have been used ingeniously to survive, or even flourish, in these difficult times....
