TWO government-authorized credit bureaus have dropped their accreditation to offer rating services using information from a national registry after both companies failed to meet state requirements on time, according to a top official of the state-run Credit Information Corp. (CIC).
“[T]hey’ve READ MORE
The Philippines has been getting some bad press of late. Any coverage in the financial media has focused on the volatility of President Rodrigo Duterte, billed (somewhat lazily) by some as the “Asian Trump”.
But for one new company, the Philippines is viewed as a huge opportunity. First READ MORE
DAGUPAN CITY, October 13 (PIA) – There are now 1,536 cooperatives operating in Ilocos region with Pangasinan having the most number and Ilocos Sur having the richest.
Regional Director Josefina Bitonio of the Cooperative Development Authority said the cooperatives in the region READ MORE
BAGUIO CITY, Sept.2 (PIA) - - The Credit Information Corporation (CIC) brought its roadshow in the city on August 31 to create awareness on Republic Act 9510 or the Credit Information System Act of 2008.
Dubbed as ‘Credit Infrastructure Roadshow READ MORE
Just recently, the Credit Information Corp. (CIC) reported that it is “fairly on track” in establishing a domestic credit data registry that is expected to become fully operational and accessible by financial entities by year-end.
CIC earlier set a December 2014 target for full operation but certain READ MORE
MANILA, Philippines - The country’s credit information system will go on live by the first quarter next year as banks are expected to complete the turnover of their data to the government.
“Most of the big banks, we already have their current data. They are in various stages of compliance,” Credit Information Corp. ( READ MORE