The number of credit cards in use in the Philippines rose to 6.5 million as of February this year, prompting Bangko Sentral to respond to growing complaints against abuses in the use of these cards.
“Credit card base is now 6.5 million. Out of the total, we received 2,400 complaints or just 0.01 percent of the total base,” Johnny Noe Ravalo, managing director of Bangko Sentral, told reporters in a news briefing Friday.
He said the number of credit cards had risen from just 4 million two years ago.
There were 4.5 million to 4.6 million credit card users in the country, with a number of them holding multiple cards, Ravalo said.
Data showed that as of September 2010, credit card receivables reached P133.9 billion, up 2.9 percent year-on-year. Credit card loans represented 4.8 percent of the total consumer loans.
Complaints against unfair credit card collection agencies topped the list received by the financial consumer affairs group of Bangko Sentral, which was created in 2006. –Roderick T. dela Cruz, Manila Standard Today
Nov 16 – International Day for Tolerance
“No more toleration of corruption!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the 2021 ILO Commission of Inquiry recommendations
against serious violations of
Forced Labour and Freedom of Association protocols.
Accept National Unity Government (NUG)
of Myanmar. Reject Military!
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November
Nov 2 – Intl Day to End Impunity for
Crimes Against Journalists
Nov 9 – World Science Day for Peace
and Development
Nov 16 – International Day for Tolerance
Nov 19 – World Toilet Day
Nov 20 – World Children’s Day
Nov 25 – Intl Day for the Elimination of
Violence Against Women
Monthly Observances:
Homes Safety Month
Filipino Values Month
National Rice Awareness Month
National Consciousness Month
for Punctuality and Civility
Environmental Awareness Month
National Children’s Month
Organic Agriculture Month
Weekly Observances:
Nov 19-25: Global Warming and
Climate Change Consciousness Week
Nov 23-29: National Girls’ Week
Population and Development Week
Nov 25 – Dec 12: Social Welfare Week
18-Day Campaign to End
Violence against Women
Week 2: Week 3: Drug Abuse Prevention
and Control Week
Last Week: Safety and Accident
Prevention Week
Daily Observances:
Last Saturday: Career Executive Service
Day
Nov 19: National Child Health Day
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