Tag: fintech

Global Dominion Financing, Inc. (GDFI) rounded 2025 with record performance, reporting total assets of P18.6 billion, up 32 percent from 2024, and net income rising 10 percent to P882 million. Total revenue reached P5.12 billion, while net customer loans hit P16.24 billion and total equity more than tripled to P4.27 billion. The firm lent P11.82 billion to 28,985 borrowers nationwide, with business and personal loans seeing strong growth. Under new president and CEO Samuel Cariño, who took office in June 2026, GDFI will expand its digital tools including its award-winning MyLoans App and AI systems, alongside its 196 branches across the country, to better serve underserved Filipino entrepreneurs and small businesses.

The Local Water Utilities Administration (LWUA) has released a cumulative total of ₱31.741 billion in loans as of April 2026, marking a significant push to expand and improve clean water access across the Philippines.

The Securities and Exchange Commission has fined Fast Coin Lending Corp. P1 million for illegal debt collection tactics and excessive interest charges.

The Department of Environment and Natural Resources (DENR) has extended its deepest condolences to the family, friends, colleagues, and the global marine science community following the passing of world-renowned marine biologist Dr. Kent E. Carpenter, whose groundbreaking work greatly advanced the protection of the Philippines’ diverse marine life.