The Philippines retained its investment-grade credit rating from Moody’s Ratings. While a more favorable action would have been ideal, the New York-based agency cited several factors that influenced its decision to affirm the ‘Baa2’ score with ‘stable’ outlook. Moody’s is known for its...
House Speaker Martin Romualdez (left), President Ferdinand "Bongbong" Marcos Jr. (Speaker’s office) House Speaker Martin Romualdez says the Philippines' A- credit rating from Japan-based Rating and Information Inc. “is an affirmation that the...
A few months before reaching the midpoint of his six-year term, President Marcos ensured that the government was doing everything so every Filipino would benefit from the country's improving economy. File photos/Arnold Quizol Marcos said this after the Japan-based Rating and Investment Information,...
The Marcos administration secured its first credit rating upgrade from Japan-based Rating and Investment Information, Inc. (R&I), the Department of Finance (DOF) said. In a statement on Wednesday, Aug. 14, the DOF announced that the Japanese debt watcher raised the country’s credit...
Identity verification provider ADVANCE.AI said it has signed an agreement with the state-owned Credit Information Corp. (CIC) to become the newest credit bureau in the Philippines. In a statement on Tuesday, Aug. 13, ADVANCE.AI said the company plans to launch its operations in the fourth...
For lack of jurisdiction, the Court of Tax Appeals (CTA) has dismissed the petition filed by HP PPS Philippines, Inc. which sought P165.2 million tax refund or tax credits from the Bureau of Internal Revenue (BIR) for fiscal year 2017. HP PPS, a firm engaged in computer and peripheral equipment...
Budget Secretary Amenah F. Pangandaman has lauded Fitch Ratings' recent decision to maintain the Philippines' investment grade rating at “BBB,” above the minimum investment grade by a notch and maintaining a stable “outlook.” Pangandaman, chairperson of the inter-agency Development Budget...
Looking to get your first credit card? The new BDO ShopMore Mastercard Credit Card has got you covered. When the urge for a shopping spree strikes, contrary to popular belief, girl math won’t always cover all the bases. Whether it’s bill-paying time or your weekly allowance falls short, what if...
The Credit Card Association of the Philippines (CCAP) is encouraging credit card holders that are frequent flyers or regular travelers to make use of cards with travel perks for maximum benefits. CCAP Executive Director Alex Ilagan said Tuesday, May 14, that the credit card market constantly...
Century Properties Group Inc. (CPG) reported that its strong credit rating of “AA+” has been reaffirmed by Credit Rating and Investors Services Philippines Inc. (CRISP) due to its sustained market position and continued revenue growth. In a statement, CPG said the rating agency stated that...
With the rising prices of basic goods in the country, it's a welcome development that financial institutions are finding ways to help consumers save. Fuel constitutes a significant portion of many households' expenses. This is why the new UnionBank Shell Power Credit Card could be a gamechanger in...
Finance Secretary Ralph G. Recto said the government is keeping its ambitious target of achieving an "A" credit rating before the end of the Marcos administration. Although the president is still early in his term, Recto is optimistic on the country's prospects for climbing the rating ladder, with...
