Ending ‘Kapit‑sa‑Patalim’: Gov’t Pushes for Availing Government Credit Instead of Loan Sharks
The Philippine government is sounding the alarm over the growing number of workers falling victim to loan sharks—locally known as 5‑6 lenders—whose predatory interest rates and abusive collection practices continue to trap families in cycles of debt. As inflation pressures household budgets and many workers struggle with unexpected expenses, the appeal of quick, no‑documentation loans […]
Everything You Need to Know About RTB 32: Government-Issued Short-Term Investment
The Philippine government has launched its latest tranche of Retail Treasury Bonds (RTB 32), aiming to raise ₱150 billion in fresh funds from small investors to help refinance maturing debt and narrow the budget deficit. With a 6.875% coupon rate, a 2.5‑year maturity, and a minimum investment of ₱5,000, RTB 32 represents one of the […]