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.)
NA&Co.’s statement summarizing survey results showed 89% of “Phillennials” polled expect the overall economic situation in the Philippines to improve in the next 12 months, “significantly higher” than the global average of 45% and Southeast Asia’s 53%.
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.
The CIC appeared in the April 29, 2017 issue of THE DAILY MANILA SHIMBUN, a daily broadsheet in the Philippines that is written in the Japanese language. In the article, Mr. Toru Morinaga talks about the soft launch held last April 28, 2017 in preparation for the credit information system's grand launch in 2018. It also mentions Senator Edgardo Angara, who speaks of the CIC's credit information system as beneficial to the micro, small and medium enterprises (MSMEs).
THE Credit Information Corp. (CIC) may launch a sub-pilot phase for the country’s centralized credit information system, its chief executive said, should the nine-month testing phase go smoothly.
CIC President and Chief Executive Officer Jaime P. Garchitorena said the firm may decide to introduce a sub-pilot phase for the use of the system if financial entities and special accessing entities (SAEs) deem the system useful for their decision-making process.
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.
Beginning May 2017, all financial institutions that have complied with CIC’s requirements for submission and access of basic credit data will be allowed to test the use of the Credit Information System (CIS) on a limited basis only until year-end. CIC will be providing this service to the compliant institutions to prime up the System in preparation for its grand launch in January 2018.
THE CREDIT Information Corp. (CIC) wants to launch a second on-boarding phase in August for financial firms that have not yet submitted their loan data to the database, the state-run firm’s chief said.
Financial institutions that have not yet given their credit data to the CIC by May 8 will now be given a chance to submit their loan data to the country’s credit information system by August. Consequently, these firms will also be able to gain access to the pilot phase of the database.
Government agencies, including the Credit Information Corporation (CIC), need to work together in creating new jobs for Filipinos. This was the statement made by Ms. Ana Liza M. Ragos, Chief of the Bureau of Local Employment, Department of Labor and Employment (DOLE) under the Employment Service Management Programs Division (ESPMD). This was in reaction to CIC’s participation in the first “Trabaho, Negosyo, Kabuhayan” (TNK) Job and Business Fair held in Riverbanks Activity Center Marikina City which was initiated by DOLE and DTI in partnership with Cong. Bayani F.
100 financial entities will be able to join the pilot phase of the country’s national credit information system next month, below the Credit Information Corp.’s (CIC) 170 to 200 anticipated submitting institutions, due to delays in the submission of documentary requirements of some corporates.
The CIC said only 100 financial institutions have met the March 31 deadline for credit data submission to the nationwide database, with the launch of its pilot phase to be held on May 8.