Credit card interest rate cap to bring 'unintended' impact to consumers: group

The cap on credit card interest rate to 2 percent per month also has an "unintended" consequences for card holders in the long run as banks are likely to cut some costs to offset foregone revenue, the Credit Card Association of the Philippines said Monday. 

Duterte urged: 'Walk the talk' on sea row with China

Filipinos should push President Rodrigo Duterte to "walk the talk" after he affirmed before the United Nations an arbitral award that junked China's claims to Philippine waters, Retired Supreme Court Senior Associate Justice Antonio Carpio said Monday.