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The pros and cons of online loans

Moneymax.ph
Posted at Nov 13 11:32 AM

Online loans have pros and cons that you should know before applying for one. Read more »

SEC asks BSP to cap interest rates, fees on consumer, payday loans

ABS-CBN News
Posted at Oct 28 12:41 PM

Predatory lending, which results in abusive, unethical and unfair means of collecting debt payments, remains as one of the major public complaints to the SEC, chairperson Emilio Aquino said in a statement. Read more »

'Clear risks' for stability in China's Pacific lending

Agence France-Presse
Posted at Oct 21 11:01 AM

In a study released Monday, the influential Lowy Institute warned that fragile Pacific nations risked borrowing too much and leaving themselves exposed to demands from Beijing. Read more »

Personal loan myths you should stop believing

Moneymax.ph
Posted at Oct 09 10:20 PM

Myths are meant to be busted. Here are some of the worst, and why you should stop believing in them.  Read more »

P30-B Australian loan for ships at risk of being scrapped under Duterte order

Dharel Placido, ABS-CBN News
Posted at Sep 30 11:52 AM

MANILA - A P30 billion loan from Australia for the building of offshore patrol vessels is at risk of being scrapped due to the order of President Rodrigo Duterte to suspend aid from countries that sponsored and backed an inquiry into the Philippine war on drugs, Defense Secretary Delfin Lorenzana said Monday. Read more »

Two foreign loans suspended under Duterte's order

Dharel Placido, ABS-CBN News
Posted at Sep 25 12:24 PM

MANILA - A loan supporting the Philippines’ bus rapid transit program and another meant to fund studies on climate change were affected by the order of President Rodrigo Duterte to to “suspend“ loans and grants from countries that sponsored and backed an inquiry into the Philippine war on drugs, Finance Secretary Carlos Dominguez III said Wednesday. Read more »

The ANC Brief: No country an island

ABS-CBN News
Posted at Sep 23 04:05 AM

The country is losing a whole lot more in its pursuit of the war on drugs. Here are the big stories making the headlines on ANC today. Read more »

Opposition solon warns vs rejecting loans from states critical of drug war

ABS-CBN News
Posted at Sep 22 11:10 PM

Bayan Muna Rep. Carlos Zarate said refusing these loans will further isolate the Philippines from the international community and push the country into the so-called Chinese debt trap. Read more »

Lawmakers: Rejecting loans from gov’ts backing ‘drug war’ probe a mistake

ABS-CBN News
Updated as of Sep 22 12:18 AM

Lawmakers slammed Duterte's purported order to reject negotiations of loans and grants from countries that backed a UN resolution seeking a comprehensive report on the Philippines' drug war. Read more »

Security Bank partners with Thailand's Krungsri to grow consumer loans

ABS-CBN News
Posted at Aug 09 08:59 AM

Security Bank and the Thai lender, commonly known as Krungsri, both have Japan's MUFG Bank as common shareholder. Bank of Ayudhya will take a 50-percent stake in SB Finance Co, the Filipino bank said in a statement. Read more »

Bank lending growth slows; domestic liquidity expands: BSP

ABS-CBN News
Posted at Jul 31 07:13 PM

MANILA - The Bangko Sentral ng Pilipinas said bank lending posted slower growth in June compared to May.  Read more »

China-funded infra projects can move faster: transport chief

ABS-CBN News
Posted at Jul 26 05:15 PM

The Department of Transportation is facilitating the construction of at least 3 China-funded railway projects -- the PNR South Railway project, the Clark-Subic Railway project, and the Mindanao Railway project. Read more »

RCBC bank 'fighting its way back' to the top, president says

Cathy Yang, ABS-CBN News
Updated as of Jul 26 05:39 PM

Rizal Commercial Banking Corp is regaining ground, as it recovered from the fallout of a $81 million (P4.1 billion) money laundering caper, its president said Friday. Read more »

PH Trade Dept. notes SB Corp progress in efforts vs loan sharks

ABS-CBN News
Posted at Jul 25 04:38 PM

Amid a proposal to institutionalize loan assistance to micro, small and medium enterprises, the Small Business Corp reports having given out almost 3 billion pesos in loans in the last 2 years.   Read more »

China's credit push to small firms falters in factory heartland

Shu Zhang, Reuters
Posted at Jul 24 07:40 AM

China's campaign to boost loans to small firms was supposed to support the economy during its biggest slowdown in decades, but banks' reluctance to lend has left exporters and manufacturers in its southern industrial belt struggling to pay the bills.   Read more »

Dreading 'petsa de peligro'? Startup offers salary advance for workers

Jessica Fenol, ABS-CBN News
Updated as of Jul 23 03:43 PM

Advance.ph simulates the "bale" system and allows partner companies to provide loans from P1,000 to up to 50 percent of an employee's salary. Read more »

Pag-IBIG: Higher contributions from members sustained low interest rates

ABS-CBN News
Posted at Jul 18 11:06 PM

The country's home development mutual fund Pag-IBIG is keeping interest rates low for its housing programs.  Read more »

Banks bullish on growth of sector, PH economy: BSP survey

ABS-CBN News
Posted at Jun 13 03:45 PM

Banks remain bullish about the growth of the industry and the expansion of the Philippine economy, the Bangko Sentral ng Pilipinas said Thursday.  Read more »

Australia to step up challenge to China in Pacific with new investment

Colin Packham, Reuters
Posted at Jun 13 03:18 PM

Australia will soon offer millions of dollars in funding for infrastructure projects in the Pacific, two sources familiar with the plan told Reuters, as part of its efforts to undercut Chinese influence.   Read more »

Costs to Consider Before Getting a Personal Loan

Moneymax.Ph
Posted at Jun 05 02:35 PM

Choosing the best personal loan isn’t as simple as comparing interest rates and monthly installments. Read more »