News: Credit card users get lift

Tuesday, August 22, 2023

Credit card users get lift

August 23, 2023

Credit card users get lift as BSP maintains rate cap

Bank regulators maintained the interest cap on credit card transactions at 3 percent per month or 36 percent per year, at least through the next six months, amid a balancing act between encouraging consumption by borrowers and making business sustainable for lenders.

By Ronnel W. Domingo

5 Finance tips for the young professional

The foundation of any sound financial strategy is a well-crafted budget. Creating a budget allows you to track your income and expenses, providing a clear picture of your financial health.

By Randell Tiongson

91-day T-bill rate eases but longer tenor yields rise

The average rate on the benchmark 91-day Treasury bills decreased by 3.3 basis points (bps) as the government was able to make a full award after two weeks of not being able to raise the planned amount of fresh funds. The yield on the three-month T-bills eased to 5.671 percent from 5.704 percent last week.

By Ronnel W. Domingo

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BIZ BUZZ

Firmer grip on bus empire

It was touch and go for a while in the aftermath of the 2019 boardroom coup at the Bacolod-based Yanson Group of Companies, the largest bus transit firm in the country. But all that looks like it's in the past now.

By Daxim L. Lucas

INQUIRER PLUS-EXCLUSIVE

GoTyme breaches 1M users in PH

Gokongwei-backed GoTyme Bank has hit more than one million users in the Philippines, marking a new milestone for the financial institution as it aims to double its customer base in the country by yearend.

By Alden M. Monzon

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