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...
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...
