Billionaire Manuel B. Villar listed property developer Vista Land & Lifescapes Inc. has successfully raised P6 billion through the issuance of triple-A rated peso-denominated fixed-rate bonds. In a disclosure to the Philippine Stock Exchange (PSE), the firm said the bonds consist of Series F...
The Department of Finance (DOF) said that S&P Global Ratings' affirmation of the Philippines' investment grade credit rating signifies a vote of confidence. In a statement on Wednesday, Nov. 29, Finance Secretary Benjamin E. Diokno said that S&P Global's favorable decision follows a series...
The Court of Tax Appeals (CTA) has denied the petition filed by SL Harbor Bulk Terminal Corporation to compel the Bureau of Internal Revenue (BIR) to issue tax credit for P10.33 million as alleged erroneously paid taxes. SL Harbor filed its administrative claim for tax credit on June 26, 2020 for...
Credit cards are meant to make life easier for owners. Not for actresses Carla Abellana and Arci Muñoz. They recently shared with fans separate muddles involving them and their credit cards. On social media, Carla expressed apparent exasperation finding out that her credit card had been...
Plastic Credit Exchange (PCX), a global plastic waste solutions initiative led by Filipino entrepreneur and philanthropist Nanette Medved-Po, will join the push to eliminate plastic pollution in the upcoming International Negotiating Committee (INC) in Nairobi, Kenya from Nov. 13 to 19, 2023. The...
Credit Rating and Investors Services Philippines Inc. (CRISP Ratings) has reaffirmed its “AAA” issuer rating with a stable outlook on real estate tycoon Manuel B. Villar's Vista Land and Lifescapes Inc. (VLL). The highest rating was given based on the firm’s market leadership in property...
Sovereign credit ratings may seem complicated, but they are essentially evaluations of a country's financial well-being. These ratings determine the likelihood of a country meeting its financial commitments and have significant effects on important economic factors that directly impact the lives of...
Preference for electronic wallets (e-wallets) is fast catching up with hard cash among Filipinos while credit cards remained low despite long standing presence in the Philippines, according to a new study. The TransUnion inaugural Credit Perception Index (CPI) study seeks to measure Filipino...
Leading consumer finance company Home Credit Philippines (“HC Consumer Finance Philippines, Inc.”) announced the completion of its acquisition by Krungsri (“Bank of Ayudhya PCL”), the fifth largest financial group in Thailand, and Mitsubishi UFJ Financial Group (“MUFG”), a global...
In line with his ongoing rightsizing efforts, President Ferdinand "Bongbong" Marcos Jr. has ordered the abolition of the Department of Finance (DOF) 's One-Stop-Shop Inter-Agency Tax Credit and Duty Drawback Center (OSS Center), Malacañang said. President Ferdinand 'Bongbong' Marcos Jr....
Over two million Filipino active users spent 75,305 hours — equivalent to nine years — in digital lending applications on 2022 alone, according to consumer credit service Digido report released Monday, January 23. The ten digital lending platforms operating in the Philippines with applications...
Home Credit Gong Xi Fa Cai! As the new year unfolds, doors of opportunities open that bring forth new beginnings and chances for resolutions. In your journey to make a better and upgraded version of yourself, Home Credit has got your back with the latest tech, equipment, and appliance to support...
