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The Credit Information Corporation (CIC) is a government-owned and controlled corporation providing credit information system in the Philippines.It was created in 2008 by the Credit Information System Act (CISA) to construct a centralized, comprehensive credit information system for the collection and dissemination of accurate and fair information relevant to, or arising from, credit and ...
On February 12, 1998, its area of operation was expanded and its name accordingly changed to Trade and Investment Development Corporation of the Philippines by Republic Act No. 8494. It was re-titled again through an Executive Order 85 on March 18, 2002, to Philippine Export-Import Credit Agency (PhilEXIM).
The New Government Procurement Act of 2024, officially designated as Republic Act No. 12009, is a Philippine law which prescribes the necessary rules to address the lack of transparency and competition in government procurement, eliminate collusion and interference, and lessen the delay in the procurement process by creating the Government Procurement Policy Board (GPPB) and PhilGEPs.
In 2016, the Credit Information Corporation or CIC announced the first six credit bureaus in the Philippines in 13 March 2016. The accredited credit bureaus consist of five international firms and one local credit bureau. [1] At that time CIC President Jaime Garchitorena said bureaus could start operations as soon as they become incorporated.
This was the official gazette of the government in the Philippines which published government announcements, new decrees, laws, military information, court decisions, and the like. It also republished notices originally appearing in the Gaceta de Madrid which were relevant to the islands and decrees and other notices that required its ...
Amending RA 10600's Provision on CHED Requirements Compliance for the Establishment of the Surigao Del Norte State University 2018-03-27: 11011: Amending RA 10583's Provision on CHED Requirements Compliance for the Conversion of the Mountain Province State Polytechnic College into the Mountain Province State University 2018-04-04: 11012
Trade credit insurance, business credit insurance, export credit insurance, or credit insurance is a type of insurance policy and a risk management product offered by private insurance companies and governmental export credit agencies to business entities wishing to protect their accounts receivable from loss due to credit risks such as protracted default, insolvency or bankruptcy.
Commercial credit reporting is similar to consumer credit reports but specifically for businesses to assess risk in extending loans, insuring businesses, underwriting insurance risk, purchasing businesses, investing in businesses and most of all in shipping goods to business on credit terms. Government departments are also large users of ...