News

Piñol, Villar clash at Senate hearing on DA budget

ABS-CBN News
Updated as of Sep 10 05:14 PM

Agriculture Secretary Manny Piñol was grilled on Monday at a Senate budget hearing, with Senator Cynthia Villar questioning the shift to loans from aid for farmers and fishermen. Read more »

Household loans decelerate in July: Bangko Sentral

ABS-CBN News
Posted at Aug 31 06:00 PM

Loans for household consumption slowed to 16.9 percent in July from the revised 17.8 percent in June, the BSP said in a statement.  Read more »

What is the Best Type of Loan for My Business?

MoneyMax.ph
Posted at Aug 29 12:11 PM

There are several kinds of business loans that suit different business requirements. Before you apply for one, it’s best to have an idea of the types of business loans available to you. Read more »

Paying It Forward: When Cash is NOT King

Aneth Ng-Lim
Posted at Aug 20 08:32 AM

Despite frantic marketing promotions from banks and other companies that issue credit cards, the Bangko Sentral ng Pilipinas 2017 Financial Inclusion survey reported only a 0.1 percent growth from 8.43 million active credit cards in 2016 to 8.44 million by 2017. Read more »

Consumers brace for higher interest rates

ABS-CBN News
Posted at Aug 14 11:37 PM

The Philippine central bank's three consecutive rate hikes this year are supposed to discourage unnecessary borrowing, to cut demand and lower inflation.  Read more »

Advantages and Disadvantages of Borrowing from a Private Lender

MoneyMax.ph
Posted at Aug 10 03:02 PM

Private lenders include non-bank companies and individuals that provide short-term personal loans. Filipinos who can’t qualify for bank loans often turn to these lenders to cover urgent financial needs. Read more »

BPI on track to meet targets, says Consing

ABS-CBN News
Posted at Aug 06 10:17 AM

Reorganizing some business units today will pay off in the long run, its president Cezar Consing said on Monday. Read more »

The state of financial inclusion (or exclusion) in PH

Text by Art Fuentes; Infographic by Pamela Ramos, ABS-CBN News
Updated as of Aug 03 04:08 PM

The Bangko Sentral ng Pilipinas' (BSP) financial inclusion survey, conducted every 2 years, shows again how excluded a big majority of Filipino adults are from the financial system. But the BSP is urging banks to do something it.  Read more »

What Happens When You Stop Making Loan Payments?

MoneyMax.ph
Posted at Jul 27 11:55 AM

Unexpected situations can put even the most responsible borrowers in a tight spot, making it extremely hard to make loan payments on time. Read more »

OPINION: What the Filipino people ought to hear from the President

Jose Galang — Your Business
Posted at Jul 23 12:59 AM

The Filipino people deserve more than cuss words and grandiose plans that will entail more taxes. Read more »

How consumers can cope with rising interest rates

ABS-CBN News
Posted at Jul 17 10:43 AM

Bank clients have been negotiating for fixed rates for 3 to 5 years. Some lenders allow fixed rates for as long as 10 years. Read more »

'China overloading poor nations with debt though infra projects'

Joe Bavier, Reuters
Posted at Jul 16 11:26 PM

JOHANNESBURG - China is saddling poor nations with unsustainable debt through large-scale infrastructure projects that are not economically viable, the head of the U.S. Overseas Private Investment Corporation (OPIC) said on Monday. Read more »

Chinabank sees 'slight slowdown' in loans due to rate 'uncertainty'

ABS-CBN News
Updated as of Jul 12 12:21 PM

Chinabank, the Philippines' seventh largest lender, said Thursday it observed a "slight slowdown" in loans due to "uncertainty" over interest rates. Read more »

Different Ways to Borrow Money When You’re Short of Cash

MoneyMax.ph
Updated as of Jul 06 01:21 PM

Here are the most common lending systems that Filipinos turn to for their urgent cash needs. Read more »

Millennials ripe for auto, home loans, says bank boss

Cathy Yang, ABS-CBN News
Updated as of Jul 04 09:02 PM

The thrift arm of Rizal Commercial Banking Corp is also digitizing its services to cater to customers who make their purchase decisions while in the internet. Read more »

Tiger's fiery finish boosts confidence ahead of Open

Jim SLATER, Agence France-Presse
Posted at Jul 02 11:57 AM

Tiger Woods produced his best final round since 2012 for a fourth-place finish Sunday at the US PGA Quicken Loans National, a new putter reviving his game ahead of the British Open.  Read more »

Tiger frustrated after ruining fine start at National

Reuters
Posted at Jul 01 11:24 AM

Tiger Woods was "frustrated" after failing to convert four consecutive early birdies into a great third round at the Quicken Loans National on Saturday. Read more »

OPINION: Sen. Leila de Lima’s “Debt Trap” Resolutions

Buddy Gomez -- Cyberbuddy
Updated as of Jun 30 09:45 AM

Indeed, there is much wisdom in what the former American President John Adams (successor to George Washington) said in 1826, long after his term. “There are two ways to conquer and enslave a nation. One is by the sword. The other is by debt.” Read more »

Golf: Tiger equals best comeback score, hunts National title

Agence France-Presse
Posted at Jun 30 07:54 AM

Tiger Woods roared into contention for his first victory since 2013, matching the best round of his injury comeback with a five-under par 65 Friday at the US PGA Quicken Loans National. Read more »

Retirees, puwedeng mag-invest sa Pag-IBIG Fund

ABS-CBN News
Posted at Jun 29 02:57 AM

Puwede nang maglagak ng pondong pang-investment sa Pag-IBIG Fund ang mga retiradong empleyado ng pampubliko at pribadong kompanya. Read more »