Albay 2nd district Rep. Joey Salceda (left) and President Ferdinand "Bongbong" Marcos Jr. (Facebook) Economist-solon Albay 2nd district Rep. Joey Salceda is predicting "A-level" credit ratings for the Philippines before President Marcos...
The Securities and Exchange Commission (SEC) is warning the public against dealing with a fake entity posing as the legitimate Philippine Investment Funds Association (PIFA) on Facebook and CT Loan Cash Loan and Credit Company. The SEC said the public should not buy into the investment scheme...
The Court of Tax Appeals (CTA) has denied the petition of Deutsche Knowledge Services Pte., Ltd. which sought an additional refund or tax credit for P8.2 million for the second quarter of taxable year 2019. Deutsche Knowledge is the Philippine branch of a multinational company organized and...
Commuters in Cebu and Mandaue City can now use their Visa cards to pay for rides on modern jeepneys. Visa announced its collaboration with Good Transport Solutions Inc. (GTSI) and GHL to facilitate card payments on these modern jeepneys in the region, the second largest city in Cebu. GTSI, a...
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...
