Business NEWS

Former President Duterte borrowed P1 trillion in his final six months in Malacañang.

Rizal Commercial Banking Corp. (RCBC) is offering special rates and exclusive discounts on auto and home loans for a month, starting May 23 until June 24, 2022.

Honda continues to offer promos for the new BR-V as well as the new Power Drive deals for its other models.

Toyota Financial Services offers vehicle financing and finance lease, while introducing new services to make acquiring, and upgrading vehicles easy.

Prime Global Finance Corporation (PGFC) recently launched its fully automated and digital loan application process for all its clients.

Debt payments by the national government declined significantly in the first-quarter due to lower amortization, data from the Bureau of the Treasury showed.

Suzuki offers low down payment offers and cash discounts for the XL7, Dzire and all Carry variants will be made available across the 72 Suzuki auto dealers nationwide until April 30, 2022.

The Bureau of the Treasury said the government has established its sustainable finance framework to support the country’s sustainability commitments.

PH new borrowings cut by 78%

To make getting a car easier and more convenient, Toyota Motor Philippines (TMP) and Toyota Financial Services Philippines (TFSPH) launched the Balloon Payment Plus (BPP), a new, unique finance lease product offering low monthly payment, inclusive of periodic service maintenance for the whole finance term and end-of-loan term options.

Government borrowings grew at a much slower pace in the first nine months of the year as the need for additional financing to augment the country’s coronavirus war chest started to wane, data from the Bureau of the Treasury revealed.

This week, we answer any questions you might have about getting a car through financing and protecting it with insurance.

Really like that new SUV? Thinking about financing? We offer some tips and breakdown all of the confusing terms to make it easy to understand and make it easier to judge if you can afford it.

The pandemic has affected auto financing. We go through some of the changes you might experience, particularly when it comes to approval.

Applying for a loan or financing, whether it’s for a car, a business, a house, etc. is a tedious, time-consuming process that requires the heavy involvement of the applicant, their employer, and the concerned financial institution or vendor. Smile API is a digital platform that fast tracks that process by facilitating application approval (or rejection) within just a few seconds. As a result, it delivers significant value to workers who need to secure financial and/or related services; employers who can recover operational time lost to the cumbersome paper trail; and banks and financial institutions that can experience fast, secure transactions in the many moribund application procedures.

The Duterte administration has substantially reduced new financing last August, taking up only about a fifth of the amount it borrowed from a year earlier, data from the Bureau of the Treasury showed.

The Department of Finance (DOF) reported it has disbursed $19.8 billion of the total foreign loans and grants for coronavirus response of the Duterte administration.

Malacañang has underscored the importance of keeping the financially beleaguered Philippine Airlines (PAL) “in the air” amid the coronavirus disease (COVID-19) pandemic.