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Why the dollar is still strong

Despite the ongoing wars in Ukraine and Gaza, Fitch’s credit rating downgrade of the US, the lowering of the US credit rating outlook to negative by Moody’s and a growing US debt burden, the US dollar has regained its strength......»»

Category: lifestyleSource:  abscbnRelated NewsApr 7th, 2024

Why the dollar is still strong

Despite the ongoing wars in Ukraine and Gaza, Fitch’s credit rating downgrade of the US, the lowering of the US credit rating outlook to negative by Moody’s and a growing US debt burden, the US dollar has regained its strength......»»

Category: lifestyleSource:  abscbnRelated NewsApr 7th, 2024

Fitch keeps credit rating of 5 Philippine banks

Fitch Ratings has affirmed the credit rating of five of the country’s biggest banks and kept its stable outlook, on the back of a likely robust economic growth over the next two years......»»

Category: financeSource:  philstarRelated NewsApr 6th, 2024

CCAP: Current credit card rate cap sufficient

The Credit Card Association of the Philippines said it fully supports the assessment process of the Bangko Sentral ng Pilipinas in adjusting or keeping the cap on credit card charges, adding that the current ceiling is sufficient......»»

Category: financeSource:  philstarRelated NewsMar 19th, 2024

Should You Bite on Digital Credit Line Offerings?

Digital credit lines have become a prevalent offering for digital platforms like digital banks and online shopping apps. These readily available lines of credit, often so accessible, can be tempting, especially for unexpected expenses. But before you hit “apply,” it’s crucial to weigh the pros and cons to determine if a digital credit line aligns […].....»»

Category: newsSource:  metrocebuRelated NewsApr 22nd, 2024

Moira Dela Torre highlights value of giving credit following viral copyright issue

Moira Dela Torre weighed in on the viral copyright issue and said that it is important to give credit where credit is due. .....»»

Category: entertainmentSource:  philstarRelated NewsMar 27th, 2024

Moody’s outlook: Philippine banks remain on stable footing

Moody’s Investors Service has maintained a stable outlook for Philippine banks as interest rate cuts from the Bangko Sentral ng Pilipinas this year are seen to support economic recovery......»»

Category: financeSource:  philstarRelated NewsMar 7th, 2024

SM Foundation enhances patient experience at Airforce Hospital, Baguio Health Center

A staunch believer in the positive impact of health and wellness, the social good arm of the SM group upgrades health facilities in the country. Two of its recent endeavors were at the Air Force City Hospital (AFCH) in Clark and the Lucban Health Center (LHC) in Baguio......»»

Category: financeSource:  philstarRelated NewsFeb 19th, 2024

PH Remains One of the Fastest Growing Economies in East Asia and Pacific, World Bank Says

The World Bank retains its positive outlook on the Philippine economy despite foreseen challenges. According to their April 2024 East Asia and Pacific Economic Update, the World Bank projects a 5.8 percent economic growth for the Philippines this year — the East Asia and Pacific region’s second fastest-growing economy. Moreover, the said update also adjusted […].....»»

Category: newsSource:  metrocebuRelated NewsApr 2nd, 2024

Fewer Pinoys see better quality of life – SWS poll

Despite a having a positive outlook for 2024, a smaller percentage of Filipinos expect to have a better quality of life this year, a survey conducted by Social Weather Stations showed......»»

Category: newsSource:  philstarRelated NewsFeb 7th, 2024

Employees Enter a so-so Era: The Latest Jobs Report – The Daily Guardian

January’s Jobs Report Exceeds Expectations, Indicating Positive Outlook for Labor Market In a surprising turn of events, the jobs report for January has defied expectations.....»»

Category: newsSource:  thedailyguardianRelated NewsFeb 5th, 2024

UBS sees 2-digit credit growth for Philippines banks

Banks operating in the Philippines are expected to post a double-digit credit growth this year on the back of robust economic expansion, according to banking giant UBS......»»

Category: financeSource:  philstarRelated NewsMar 1st, 2024

BPI lends fresh P7 billion to Home Credit Philippines

Bank of the Philippine Islands has extended an additional P7 billion loan to Home Credit Philippines, making it the financing firm’s biggest lender......»»

Category: financeSource:  philstarRelated NewsFeb 21st, 2024

Lending startup unveils credit card for Gen Zs

Technology startup firm Zed Philippines Inc. has launched a Mastercard Titanium credit card with zero interest, zero foreign transaction fees and no annual charges, aiming to roll out these cards to the market within the coming months......»»

Category: financeSource:  philstarRelated NewsMar 18th, 2024

EastWest ramping up credit business

Gotianun-led East West Banking Corp. is strengthening its credit business for possible upticks in loan demand later this year, its top officia.....»»

Category: financeSource:  philstarRelated NewsApr 20th, 2024

Asialink secures P300 million credit line from Taiwanese bank

Asialink Finance Corp. has secured a P300-million credit line facility from Taiwan’s Cathay United Bank, shoring up resources that small borrowers can tap into for their expansion plans......»»

Category: financeSource:  philstarRelated NewsApr 10th, 2024

Indian banking sector continues to improve with better asset quality, high credit growth: Survey

New Delhi [India], March 21 (ANI): The health of the Indian banking sector continues to improve with better asset quality and high credit growth, a survey conducted by industry body FICCI and banking association Indian Banks' Association (IBA) showed. The eighteenth round of the survey was carried out for the period July to December 2023. Those banks that were surveyed together represent about 77 per cent of the banking i.....»»

Category: newsSource:  manilanewsRelated NewsMar 21st, 2024

RCBC credit cards now made from recycled PVC

Yuchengco-led Rizal Commercial Banking Corp. has phased out single-use plastics and shifted to recycled polyvinyl chloride plastic in producing its credit cards as part of its efforts to lessen carbon emissions and promote sustainability......»»

Category: financeSource:  philstarRelated NewsMar 18th, 2024

Japan credit rater bullish on Philippine growth this year

The Philippine economy is likely to grow by six percent this year, mainly driven by robust private consumption amid easing prices and stable remittances, Japan Credit Rating Agency Ltd. said......»»

Category: financeSource:  philstarRelated NewsMar 7th, 2024

BSP to review 3 percent rate cap on credit card transactions

The Bangko Sentral ng Pilipinas will review this month whether to keep or hike the three percent interest rate cap on credit card transactions......»»

Category: newsSource:  philstarRelated NewsMar 3rd, 2024