Debt watcher S&P Global has affirmed the Philippines’ investment grade credit rating as the nation’s growth prospects remain strong despite the unprecedented economic shock from the pandemic. 8682 S&P Global maintained the country’s “BBB+” credit score with a “stable” outlook,...
Young entrepreneurs, small-scale farmers, and fisherfolks who were affected by the coronavirus disease (COVID-19) pandemic were prodded to avail of the Department of Agriculture's (DA) loan offers to help them recover and get out of the doldrums. (Photo courtesy of the Department of Agriculture) In...
The government pandemic task force has allowed the implementation of Philippine Health Insurance Corporation's (PhilHealth) new debit-credit payment for health care facilities in all places with high risk of coronavirus infection. The decision aimed at hastening payment of hospital claims was...
Credit cardholders will pay lower credit card dues for the entire year after the Bangko Sentral ng Pilipinas (BSP) extended the two-percent per month or 24 percent per year ceiling on interest rate or finance charge on unpaid outstanding credit card balance. BSP Governor Benjamin E. Diokno (Credit:...
Security Bank Corporation reported that the Japan Credit Rating Agency, Ltd. (JCR) has affirmed its A- investment grade credit rating with stable outlook, the same level as the Philippine sovereign rating. In a disclosure to the Philippine Stock Exchange, Security Bank quoted JCR as saying that the...
Glaiza de Castro Glaiza de Castro couldn't help but express disappointment over the "stress" that her "hacked" credit card has been given her. The newly-engaged star even called out the said bank on her Twitter account. "Una, na hack ang IG, tapos Facebook, tapos credit card. Hay....
It was Credit Suisse roll-ing out the welcome mat for Dioceldo Sy’s upcoming birthday, with a very special dinner at Old Manila, Manila Peninsula. At the dinner feted by Credit Suisse for Dioceldo Sy’s upcoming birthday. Noted entrepreneur Dioceldo Sy prides himself on the quality of the strong...
Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said Thursday that the BSP could extend the imposition of a two percent ceiling on credit card interest rates for longer than six months to help Filipinos better manage their credit card debts. “That can be extended beyond the original...
The National Privacy Commission (NPC) has ordered Familyhan Credit Corp. to immediately stop processing the personal data of more than 6,000 borrowers following an investigation of complaints that the online lender has put at risk the privacy of the data subjects in violation of the Data Privacy...
One of the three major international debt watchers has kept the Philippines’ investment grade credit rating due to the nation's manageable fiscal situation despite the coronavirus-induced recession. Fitch Ratings said that the growth prospects in the Philippines remain favorable, particularly...
As we spend more time shopping online, hackers are finding ways to steal from your credit cards. Just look at what happened to senator Sherwin Gatchalian on Wednesday, January 6, 2020. The hacker managed to change his registered phone number, where one time pin (OTP) is being sent, and was able to...
The ongoing health crisis has caused immense economic changes for Filipinos, affecting their livelihoods and finances in the process. Months of lockdown amid the threat of a coronavirus has made it harder to achieve financial stability, which in effect, has increased credit card delinquency in the...
