Marcos should avoid high-interest loans from China
Ferdinand “Bongbong” Marcos Jr. wants to renegotiate P275 billion in loans from China’s Eximbank to finance three major railway projects, including the ambitious Mindanao train system.
Banks, credit card issuers, other lenders ordered to give 30-day grace period for payments
Banks, credit card companies, pawnshops and other lenders must grant a 30-day extension of payments to borrowers for debts falling due within the period of enhanced community quarantine, rules released by the Department of Finance on Wednesday stated.