Republic of the Philippines
Source: Philippine Daily Inquirer (https://business.inquirer.net/229265/business-groups-called-form-super-a...)
Asean Business Advisory Council (ABAC) chairman Joey Concepcion called for an alliance of the country’s business groups in order to help push streamline programs geared towards inclusivity.
Credit Information Corporation (CIC) has formally opened its credit information system for beta testing to the financial institutions that have fully complied with CIC’s mandate of submitting the basic credit information of its members/borrowers.
Source: Manila Bulletin (http://news.mb.com.ph/2017/05/13/an-inclusive-financial-system-is-new-bs...)
Incoming Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla will take the helm of the BSP while our banking sector continues to perform well and enjoy renewed global confidence.
Credit Information Corporation (CIC) recently acknowledged IBM Global Financing Philippines (IBM Global Financing) as one of its “prime movers” in terms of submission of basic credit data to the CIC. IBM Global Financing is a provider of technology financing using project-specific payment plans, loans, payment deferrals, asset recovery and buy-back offerings to assist in the disposal of obsolete systems by recycling, reselling or replacing them through IBM.
Compared to banks, non-bank institutions such as leasing companies could have the greater potential to contribute to the economy. This was the view expressed by Credit Information Corporation (CIC) President and CEO Jaime Garchitorena during CIC’s recognition ceremony for the PCCI Finance Corporation (PCCIFC).
Source: Business World (http://www.bworldonline.com/content.php?section=TopStory&title=global-su...)
AMID political noise and uncertainties at home, Filipino millennials or “Phillennials” remain among the most optimistic in the world, according to findings of Deloitte’s 2017 millennial survey released yesterday by Deloitte Southeast Asia member firm Navarro Amper & Co. (NA&Co.)
Source: The Philippine Star (http://www.philstar.com/business/2017/04/17/1690916/bsp-eyes-removal-mai...)
MANILA, Philippines - The Bangko Sentral ng Pilipinas (BSP) is looking at removing the maintaining balance for deposit accounts as part of efforts to reach the unbanked sector.
BSP Deputy Governor Nestor Espenilla Jr. said the regulator is studying several options to make it easier to open basic bank accounts.
In an infographic from BusinessWorld dated March 10, 2017, it was shown that while four out of every five women want to start a business, there are barriers that keep women from being entrepreneurs, among them financial insecurity, not knowing when to start and having the feeling of not being ready yet. The lack of access to finance is listed as the major hindrance.