State-run Land Bank of the Philippines (Landbank) said the reason debt watcher Fitch Ratings opted to retain the government financial institution’s (GFI) ‘BBB’ investment rating was its sound fundamentals and solid governance. “Our investment-grade rating was affirmed because our...
The Securities and Exchange Commission (SEC) reminded the public to verify the registration and authority of financing and lending companies, including their online lending platforms, prior to doing business with them amid the proliferation of scammers pretending to be lenders. This comes as the...
Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona Jr. remains upbeat that the Philippines can clinch a coveted ‘A’ credit rating within the Marcos administration’s term, provided external pressures subside. “That’s still possible,” Remolona told reporters last week when asked...
The Philippines continues to enjoy strong access to global capital markets and investors ' trust despite a downgrade in the country 's credit outlook rating, Malacañang said. Global debt watcher Fitch Ratings has downgraded its outlook on the Philippines’ investment-grade status from...
Stalling public investments, compounded by vulnerability to the escalating impacts of the ongoing global energy shock, prompted global debt watcher Fitch Ratings to downgrade its outlook on the Philippines’ investment-grade status from ‘stable’ to ‘negative.’ This shift in outlook places...
Home Credit Philippines is making high‑performance technology more accessible to more Filipinos. With its exclusive pre-order offer for the new MacBook Neo, customers can own the latest Apple laptop early while spreading payments through flexible installments starting at just ₱44 a day. This...
The Philippines’ push to secure an ‘A’ sovereign credit rating is facing mounting roadblocks, as global shocks, fiscal pressures, and policy risks converge at a critical juncture for the Marcos Jr. administration. The challenge sharpened after S&P Global Ratings revised the country’s...
Marikina City 2nd district Rep. Miro Quimbo has expressed reservations on the proposed scrapping of value-added tax (VAT) on fuel amid the House of Representatives ' efforts to come up with a legislative response to the persisting fuel price crisis. Quimbo, an economist, is mainly worried...
The Securities and Exchange Commission (SEC) has ordered Umeta Credit Lending Corp. to stop its unauthorized operation of unrecorded online lending platforms (OLPs)—FinLedger-Smart Ledger, Cash Twig, Meta Cash, and MorePautang-Loan Hub—and for engaging in unfair debt collection practices. In a...
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...
