Singapore/Belém, Brazil – Global energy stakeholders have been in overdrive in recent days. From the charged discussions at last week’s Singapore International Energy Week (SIEW) to the opening of COP30 in Belém, Brazil, this week, they all echo one fundamental message: the race to...
Consumer finance giant Home Credit Philippines has teamed up with grocery retailer Puregold Price Club Inc. to launch a credit card designed to provide micro-entrepreneurs with discounts and other rewards to bolster their financing needs. Home Credit Chief Business Development Officer Zdenek...
While Japan Credit Rating Agency’s (JCR) retained an investment-grade credit rating of “A-” with a “stable” outlook for the Philippines, it raised the challenge of narrowing income disparity tied to infrastructure and rural development, and a setback on fiscal reforms that could hurt this...
The Department of Energy (DOE) announced that the Philippines’ carbon credit framework is nearing completion and is set to be finalized by year-end. At the Philippine Net Zero Conference 2025, Energy Secretary Sharon Garin stated that the department is working to finalize the framework, with an...
The Department of Energy (DOE) said it will release a memorandum next month to set official guidelines for carbon credit trading in the country. On the sidelines of GenZero Climate Summit Insights 2025 (Manila), Energy Undersecretary Felix Fuentebella told reporters the DOE plans to roll out the...
The Securities and Exchange Commission (SEC) has slapped a ₱1-million penalty on Link Credit Lending Investors Inc., doing business under the names and styles of iPeso and Pesoin, for engaging in unfair debt collection practices. In an order dated July 18, the SEC Financing and Lending Companies...
Metro Manila commuters can now seamlessly pay for their Metro Rail Transit Line 3 (MRT-3) fares starting Friday, July 25, using their Mastercard credit, debit, or prepaid cards by simply tapping at designated contactless turnstiles. In a statement, Mastercard said the new capability also extends to...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. said the Japan Credit Rating Agency’s (JCR) latest affirmation of the Philippines’ “A-” credit rating with a stable outlook is expected to strengthen confidence among Japanese investors in the country. On Thursday, June 5, JCR...
Zobel-led Ayala Corp., the country’s oldest conglomerate, is raising up to ₱31.5 billion through the issuance of preferred shares and Samurai loans from two Japanese banks to fund the expansion of its diversified businesses. In a disclosure to the Philippine Stock Exchange, the firm said...
Zobel-led Ayala Corporation’s access to yen-denominated loans to fund growth initiatives at competitive rates has been enhanced after being assigned an inaugural foreign currency long-term issuer rating of “A-” by Japan Credit Rating Agency Ltd. (JCR). According to the report released by JCR,...
Expectations that the Philippines' debt as a share to economic output would stay elevated in the coming years were flagged by debt watcher Moody's Ratings over the weekend, highlighting concerns on affordability when repaying obligations. "Debt to GDP [gross domestic product] will remain higher...
Senate President Pro Tempore Jinggoy Ejercito Estrada has filed a bill banning the issuance of pre-approved credit cards to individuals who did not apply for them. Although such practice is already provided under Bangko Sentral ng Pilipinas (BSP) Circulars Nos. 702 and 845 issued on December...
