
Rising Fuel Costs in Philippines Impact Commuter Choices and Credit Card Debt
Amid soaring fuel costs linked to the Middle East conflict, the Philippines is seeing shifts in commuter behavior, with more opting for public transport, while analysts warn of a potential increase in credit card debt among Filipinos.
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Will surging fuel prices push Filipinos deeper into credit card debt?
Rising fuel costs linked to the Middle East conflict could push more Filipinos deeper into debt, analysts have warned, with one regional study describing the Philippines’ credit card burden reaching a “critical” risk level. Although credit card ownership in the Philippines remains relatively low, data indicates that cardholders appear to be using them far more intensively as living costs outpace income growth. Credit card receivables in the Philippines have been growing consistently at more t...
By Sam Beltran
Read full article →Terminal case: As fuel cost soars, car owners taking bus instead
There has been an increase in passenger numbers during the Holy Week holidays amid the apparent trend of motorists choosing to travel by bus instead, according to the Parañaque Integrated Terminal Exchange (PITX). Fare discounts and other incentives to travelers have also been introduced by various stakeholders in the transportation sector, as fuel costs continue
By NewsPublish
Read full article →Coverage Timeline
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