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35 million Americans get cash aid from expanded Child Tax Credit program

Andrea Shalal and Trevor Hunnicutt, Reuters
Posted at Jul 16 02:28 AM

WASHINGTON - Some 35 million American families have started receiving their first monthly payout from the U.S. government in an expanded income-support program that President Joe Biden said on Thursday could help end child poverty. Read more »

Money-Saving Tips for Building Your Child’s Tuition Fund

Moneymax.ph
Posted at Jul 15 07:56 AM

If there’s one universal truth in the Philippines, it’s this: mahal magpa-aral! Not every parent can afford millions to pay for college tuition. Read more »

Negative rating outlook to affect investor sentiment, capital flows: ADB economist

Bruce Rodriguez, ABS-CBN News
Posted at Jul 14 06:52 PM

An ADB economist said investor sentiment and capital flows in the Emerging East Asia region could be disrupted, after a series of credit rating outlook downgrades on major developing economies. Read more »

Analysts downplay Fitch outlook, say PH economy may grow up to 6 pct this year

Warren de Guzman, ABS-CBN News
Posted at Jul 14 04:16 PM

The Philippine economy could grow 5 to 6 percent this year driven by its strong fundamentals, the COVID-19 vaccine rollout, and election spending, economists said Wednesday, downplaying Fitch Ratings' negative outlook.  Read more »

Stable debt ratio with revenue rise may lead to positive rating action: Fitch Ratings

ABS-CBN News
Updated as of Jul 13 12:23 PM

A stable debt ratio with an increase in revenue as well as public finances could lead to the country's credit outlook upgrade from negative to positive, Fitch Ratings said Tuesday. Read more »

Philippines set for rebound, pandemic impact 'transitory' - economic managers

Reuters
Updated as of Jul 12 11:00 PM

The Philippines is set for an economic rebound, with medium-term growth prospects on solid footing, its economic managers said on Monday, after Fitch Ratings affirmed the country's investment-grade score but downgraded its outlook to negative. Read more »

Fitch affirms Philippines BBB rating but revises outlook to negative from stable

ABS-CBN News
Posted at Jul 12 10:51 PM

Fitch noted increasing risks to the Philippines' credit profile from the impact of the pandemic on the country's economy and finances. Read more »

Simple Ways to Achieve Debt-Free Living

Moneymax.ph
Posted at Jun 30 06:14 PM

#SanaAll walang utang! Contrary to popular belief, living debt-free in the Philippines is completely possible.    Read more »

Bank lending declines by 4 percent in May due to 'muted' credit activity: BSP

ABS-CBN News
Posted at Jun 30 05:24 PM

Outstanding loans of universal and commercial banks, net of reverse repurchase, declined by 4 percent in May following a 5 percent drop in April, the Bangko Sentral ng Pilipinas said Wednesday. Read more »

Better data analysis seen as key to boosting bank lenk lending

ABS-CBN News
Posted at Jun 28 03:11 PM

Arellano noted that even with record-low interest rates, bank lending which is supposed to stimulate the economy, has barely grown as banks remained reluctant to lend due to worries over clients’ ability to pay. Read more »

When should you give your teenager a credit card?

Moneymax.ph
Posted at Jun 23 04:44 PM

 Alamin kung kailan mo dapat bigyan ng credit card ang teenager mo sa guide na ito.  Read more »

P6.3 billion released under PhilHealth debit-credit reimbursement system: acting spox

ABS-CBN News
Posted at Jun 19 02:39 PM

State medical insurer PhilHealth has released around P6.3 billion in hospital claims under their Debit-Credit Payment Method (DCPM), which is said to speed up reimbursements to hospitals. Read more »

Okay bang kumuha ng co-branded credit card?

Moneymax.ph
Posted at Jun 14 08:39 AM

Meron ka bang favorite brand of clothing? What about a go-to mall or restaurant? Isang airline lang din ba ang gamit mo when booking flights? Siguro panahon ng kumuha ng co-branded credit card nila para mas sulit ang bawat gastos mo. Alamin kung ano ito plus the perks and privileges sa guide na ito. Read more »

What you do online can help you get the loan you need

Aneth Ng-Lim
Posted at Jun 07 01:21 PM

By giving its financial partners an added layer of behavioral insights, CredoLab is helping open more lines of credit to the unbanked and the underbanked.  Read more »

How to avoid maxing out your credit card

Moneymax.ph
Posted at Jun 04 08:38 AM

What happens kapag maxed out ang credit card mo? It means patong-patong na fees ang babayaran mo like late payment fees, over-limit fees, and multiple payment charges, among others. So to avoid paying these kinds of fees, check out these tips.  Read more »

Philippines likely to keep credit ratings despite global downgrades: BSP chief

ABS-CBN News
Updated as of May 31 11:00 AM

With a stable outlook, the Philippines is likely to sustain its current credit ratings even for as long as 24 months, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said Monday. Read more »

Are 'Buy Now, Pay Later Loans' OK?

Moneymax.ph
Posted at May 31 09:26 AM

Kaliwa’t kanan ang mga sale ngayon. Kung mahina ang willpower mo, siguradong na-check out mo na ang mga nasa shopping cart mo. Ngunit paano kung medyo may kamahalan ang gusto mong bilhin at wala kang credit card or sapat na pambayad? Well, pwede kang mag-Buy Now Pay Later. Alamin kung ano ito in this short guide.    Read more »

S&P Global Ratings affirms Philippines' investment grade BBB+ rating

ABS-CBN News
Posted at May 27 08:40 PM

Debt watcher S&P Global Ratings affirmed on Thursday the Philippines’ investment-grade credit rating of BBB+ with a stable outlook, saying the country’s economy was beginning to recover from the disruptions of the COVID-19 pandemic.    Read more »

4 personal loan fees you need to know

Moneymax.ph
Updated as of May 24 09:33 AM

Aware ka ba na aside from the loan amount, may iba pang fees and charges na kaakibat ang personal loan mo? Alamin kung anu-ano ang mga ito in this quick guide.    Read more »

Fitch Solutions lowers PH growth forecast, says rebound to be slower

ABS-CBN News
Updated as of May 12 09:23 PM

Fitch Solutions lowered its economic growth forecasts for the Philippines for this year and next year noting that the country is having difficulty checking the COVID-19 outbreak, and is struggling to vaccinate its citizens.  Read more »