Borrowers who wish to know their creditworthiness can now request for their credit report online, according to the Credit Information Corporation (CIC).
IBPAP president and CEO Rey Untal said the roadmap they bared last year was supposed to have been good until 2022, up until the pandemic threw a monkey wrench to their numbers.
Regulatory policies on the establishment of digital banks are expected to be ready before the end of 2020, Bangko Sentral ng Pilipinas (BSP) governor Benjamin Diokno said.
In Metro Manila and Rizal, Globe said it is set to build at least 319 cell sites while in North Luzon at least 100 sites are in the pipeline with Bulacan, Pampanga, and Pangasinan topping the 15 provinces with the most builds.
Department of Trade and Industry secretary Ramon Lopez said the roadmap will help the country become an “AI center for excellence” in the region, backed by a rich local talent pool and vibrant innovation and entrepreneurship ecosystem.
During the “Sulong Negosyo” campaign launch, PayMaya also announced it has tied up with entrepreneurial advocacy group “Go Negosyo” for various income opportunities and mentorship programs in the next several months.
The Credit Card Association of the Philippines (CCAP) said the economic challenges has not only made card holders hesitant to apply for new credit cards but also made it more difficult for them to settle their credit card debt.
Department of Trade and Industry (DTI) undersecretary Ruth Castelo told a Senate hearing that the agency has no means to protect consumers from online sellers who cannot be located or do not provide any physical address.
