Home Credit Philippines eyes further growth with its acquisition by Thailand’s Krungsri, Japan’s MUFG

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Leading consumer finance company Home Credit Philippines (“HC Consumer Finance Philippines, Inc.”) today announced its new shareholders following the completion of its acquisition by Krungsri (“Bank of Ayudhya PCL”), the fifth largest financial group in Thailand and Mitsubishi UFJ Financial Group (“MUFG”), a global financial leader from Japan.

The deal was completed with a base value of EUR 406 million (PHP 24.4 billion). The final consideration is subject to one-to-one adjustment based on the equity book value at closing of the transaction.

PPF Group the parent company of Home Credit Philippines based in Czech Republic  sealed an agreement with MUFG and Krungsri to acquire Home Credit Philippines. Krungsri holds the majority stake of 75% and MUFG the remaining 25%.

“We are pleased to announce the handover of Home Credit Philippines to our new shareholders Krungsri and MUFG, both market leaders in the financial industry. Together with our new shareholders, we are opening the next chapter for Home Credit Philippines, building on the high performance that we have set over the past nine years. We are optimistic of our future together,” shared David Minol, Home Credit Philippines’ CEO.

“The acquisition of Home Credit Philippines is a testament to the strong business it has established in the country and the growth opportunity that Krungsri and MUFG have seen for the company to further expand and maintain its dominance in the local consumer finance market,” Minol added.

“I want to put on record, our congratulations to our colleagues at Home Credit Philippines for an incredible job well done,” said Home Credit Group CEO, Radek Pluhar. “Together, we have empowered nearly 10 million Filipinos to access the formal economy, via our innovative products and services. We are proud of these achievements and will be watching the company’s future growth with interest.”

The company has grown to become a market leader having the widest distribution network of more than 15,000 stores nationwide. This allowed Home Credit Philippines to acquire a growing customer base of almost 10 million as of date in its nearly 10 years of operations in the country.

Krungsri President and Chief Executive Officer Kenichi Yamato said, “With the acquisition of Home Credit in the Philippines, we have achieved another significant milestone in our ASEAN expansion strategy through the successful execution of our medium-term business plan. By incorporating Home Credit in the Philippines into its portfolio, the Bank aims to cater to the evolving financial needs of consumers with a full range of innovative consumer finance products and services. Building upon its strong presence in the high potential country, this acquisition further solidifies Krungsri’s position as a leading financial institution in ASEAN.”

“With the expertise and extensive experience, Krungsri, together with Home Credit, is well-positioned to capitalize on the growing demand for consumer finance solutions and reaffirms its commitment to providing suitable products and services that empower individuals and drive sustainable growth in the market.”

This transaction is set to bolster the business operations of Home Credit Philippines as it continues to provide more Filipinos access to credit while building on Krungsri’s expertise as one of Thailand’s finance leaders.

Home Credit Philippines is expected to retain its brand and continue its usual operations under the same local leadership team, with guidance from Krungsri. The company aims to further grow its consumer finance portfolio as it synergizes with both banks.

Learn more about the latest updates of Home Credit by visiting its official website www.homecredit.ph. Home Credit Philippines is a financing company duly licensed and supervised by the Securities and Exchange Commission (SEC) and by the Bangko Sentral ng Pilipinas (BSP).

Creators Of The Best-Selling Aqua Moisturizer Comes The Newest Brand That Lets You Achieve A Light, Soft Matte & Moisturized Skin, Aera 사랑 By iWhite Korea

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iWhite Korea, the creators of the best-selling Aqua Moisturizer, recently introduced to the market Aera 사랑,  a collection of skincare tools that  lets you achieve light, soft matte & moisturized skin, Inspired by the philosophy that beauty is limitless and ever-evolving, AERA 사랑 shows love for all skin types . With its name derived from Hangul - the language spoken in South Korea - the collection combines the deep meaning of love regardless of difference.

Just like how the sky is filled with endless possibilities and beauty, AERA 사랑 is invoking  limitless beauty and infusing it on their line-up.

Developed with an Air Light Formula to avoid that heavy feel, AERA 사랑 perfects the balance between that coveted Korean glow and matte skin with cloud skin.  The AERA 사랑  brand covers all the essential steps in a Korean skincare routine, from its facial cleanser to its sun tints.

The AERA 사랑 Calming Gel Wash is a gentle and soothing facial cleanser formulated to remove deep-seated dirt as it nourishes your skin. It brightens dull skin and lightens dark spots. It’s made of Centella Asiatica extract and sea buckthorn for the calming and soothing effect, rice extract to hydrate, and Ginkgo biloba leaf extract and lemon extract for brightening and lightening.

If you need a more intense cleanser but still gentle enough to not strip or dry your skin, you can try the AERA 사랑 Pore Clean Foam Wash. It removes pore-blocking dirt and excess oil, tightens one’s pores, and improves overall complexion with continuous use. This is perfect for acne-prone skin or for anyone who wishes to say goodbye to their visible pores.

Next in line is the AERA 사랑 Pore Blur Whitening Moisturizer. Developed with Probiotic Complex and Niacinamide, the moisturizer can hydrate and improve overall skin complexion. It minimizes excess oils and tightens visible pores while leaving you with a fresh radiant glow.

Skincare brand AERA 사랑 also has BB creams: the Natural BB Sun Tint and the Light BB Sun Tint.  Both variants give you a near-perfect complexion while providing UV protection. They are formulated with eight plant extracts with anti-inflamatory properties and a soothing effect to your skin, Niacinamide for brightening, and flower extracts to give you ample moisture.

AERA 사랑 has also taken into consideration your nighttime skincare routine with the All Night Whitening Repair Cream. Formulated with the Youth Restore Complex, it nourishes your skin as you sleep. It provides intensive moisture, gets rid of dullness and slows down aging.

All products from the AERA 사랑 lineup are cruelty-free, and come in affordable prices.

Experience cloud skin by trying out the  whole collection in Shopee, Lazada, Tiktok Shop, and Watsons branches nationwide.

Follow AERA 사랑 in Facebook, Instagram and Tiktok for more exciting surprises coming up very very soon!

Study in Style: 5 Features of OPPO Reno8 T that every student needs

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OPPO’s #ThePortraitExpert camera is also an ideal study partner for students

It’s only a few more months till students start a new school year. Given the hybrid learning set-up students have now, a trusted smartphone is needed for their online classes and to do homework and projects, all without being too much of a burden on the budget. The OPPO Reno8 T’s features are especially ideal to any student looking for a functional and sleek device. Here are some of them.

A superb camera system

The Reno8 T features a 100MP portrait camera that delivers high-definition photos you can use to create visuals for homeworks or presentations. It can also be used to scan important documents and modules. It also has a 2MP microlens that can do a 20x or 40x magnification to spotlight small, fine details that would otherwise be impossible to see by the naked eye.This can be particularly helpful to design students in taking detailed photos of artworks or textiles they’d need to inspect up close. Science students may need a magnifying lens to study specimens or samples, and can use their Reno8 T to do so with minimal effort. Moreover, the OPPO Reno8 T has a 32MP front camera that can help you look clear and presentable when you have to turn on your cameras for online classes or capture special moments with your classmates when on campus.

Long lasting battery and fast charging feature

A device with long lasting battery life is important especially when you're studying all night and going through whole day online classes and sessions. The OPPO Reno8 T got your back because of its 5000mAh battery that powers the device for all-day use without dying. Even when you are outdoors for a school activity or just simply unwinding with your peers, you can always rely on the long battery life of the OPPO Reno8 T. If the battery does die, you don’t have to wait too long for it to charge because the OPPO Reno8 T has a 33W SUPERVOOC fast charging feature that allows you to charge your device from 0% - 100% in just 67 minutes, just enough time to juice up your phone during lunch break.

Seamless and smooth performance

Even if you have a lot of files stored in your device like your lecture modules or photos of your OOTD inspos, or even videos for your class presentation, the OPPO Reno8 T still assures a lag-free and seamless experience with its 256GB internal storage. Jumping from one application to another when you are multitasking is also a breeze because of the 8GB RAM expansion that lets you switch from one application to another seamlessly.This also makes multitasking easier and gives you an avenue to explore your other passions outside of school.

Fluency protection for 4 years

With all the applications and activities you do with your phone for your studies, you worry that your phone’s performance might deteriorate quickly and its lifespan won’t last you a long period of time. Thankfully, the OPPO Reno8 T can be a smart investment because its 48th-month fluency protection makes your phone’s performance still good as new for up to four years, allowing you to save more money and allocate it for other important student expenses.

Stylish and chic design

Phones don’t just have to be functional, it should also be trendy and eye-catching! The OPPO Reno8 T sports a Fiberglass Leather Design that gives it a sleek and classy look from the get go with its vibrant Sunset Orange Color which can turn into an instant accessory and a “pop of color” that go along with any outfit including your uniform. For a more classic design, you can enjoy the signature OPPO Glow design found in the Midnight Black variant.

A perfect study buddy is now yours at a student-friendly price! The OPPO Reno8 T is priced at PHP 18,999 and comes in 2 colorways - Sunset Orange and Midnight Black. Get the OPPO Reno8 T today in all official OPPO brand stores nationwide. You may also purchase via Lazada, Shopee, and TikTok shop.

For more information on the OPPO Reno8 T, its features, and its availability, check out https://www.oppo.com/ph/ or OPPO Philippines’ official social media pages on Facebook, YouTube, and TikTok. To get the best care for your OPPO devices, visit your nearest OPPO Care Center or contact us on our website, via Facebook.

Filipino newcomer Benj Pangilinan steps into the spotlight with debut single “Love, That’s Rare”

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The eclectic pop track is penned by Benj himself, and produced by Grammy-nominated artist Xerxes Bakker

Benj Pangilinan forges his own path in the music industry as one of Sony Music Entertainment’s newest recording artists in 2023.

Coming from an esteemed lineage of established actors, music icons, and prominent entertainers, the promising newcomer is keen on proving skeptics wrong with an impressive debut that digs deep into young romance and nostalgia.

His new single “Love, That’s Rare” gazes wistfully at the complexities of love while acknowledging its effect on shaping one’s worldview—for better or worse. Benj wrote a song that transported him back to a specific time and place, helping him make sense of the conflicting emotions he was experiencing at the time.

“I wrote the song a while back, and to be honest, I’m not entirely sure why,” Benj shares. “Lyrics and melodies come in like a thief in the night. It’s all about knowing how to catch and record those creative flashes.”

Grammy-nominated Xerxes Bakker, who has collaborated with some of the biggest names in music, including Imagine Dragons and Snoop Dogg, is responsible for producing the track. Incorporating ‘80s soft rock spectacle with electronic flourishes, Xerxes gives Benj Pangilinan a playground to showcase his versatility and songwriting chops while ensuring that the structure is sturdy enough to weather the cracks. The result is a fine piece of contemporary pop that will surely stick around for quite a while.

Benj recalls how immediately comforting the experience was, after meeting Xerxes for the first time. “There was an immediate click. After some conversation, you already knew the visions were aligned. In terms of a production standpoint, it's all about coming to a mutual understanding of the vision for the song and developing that trust with each other.”

Benj Pangilinan’s “Love, That’s Rare” is out now on all digital music platforms worldwide via Sony Music Entertainment.

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About Sony Music Entertainment

At Sony Music Entertainment, we honor the creative journey. Our creators shape movements, culture, communities, even history. And we’ve played a pioneering role in music history, from establishing the first-ever music label to inventing the flat disc record. We’ve nurtured some of music’s most iconic artists and produced some of the most influential recordings of all time. Today, we work in more than 100 countries, supporting a diverse and distinctive roster of talented creators at every level and on every stage. Situated at the intersection of music, entertainment, and technology, we bring imagination and expertise to emerging products and platforms, embrace new business models, and employ breakthrough tools—all to support the creative community’s experimentation, risk-taking, and growth. And we form deep, trusted, cause-based partnerships to uplift and empower communities around the world. Sony Music Entertainment is part of the global Sony family. Learn more about our creators and labels here.

Get Big savings up to 60% on XTREME Appliances this Lazada and Shopee 6.6 Mid-Year Sale

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The much-awaited mid-year sale is near, and XTREME Appliances is here to give you its best deals yet! XTREME is offering significant discounts of up to 60% on their wide-range of appliances, allowing you to make substantial savings on your purchases.

Whether you're looking for a new television, air conditioner, refrigerator, washing machine, oven, or any other home appliance, this 6.6 Mid-year Sale is a great opportunity to get the appliances you need at a discounted price.

Take advantage of these amazing deals on June 6 - June 8. Before checking out, make sure you don’t miss out on these vouchers: free shipping vouchers, coins cashback, and additional discount vouchers to maximize your savings!

Here are some of our recommended items for you to check out on this year’s 6.6 Mid-Year Sale:

Lazada 6.6 Mid-year sale

MODEL NAME	SRP	SALE PRICE	SAVING
43-inch X-SERIES ANDROID TV	₱20,495.00	₱11,200.00	₱9,295.00
24L X-Series Digital Air Fryer	₱6,995.00	₱4,890.00	₱2,105.00
X-Series 7.0CU.FT 2-Door Inverter Refrigerator	₱21,995.00	₱14,907.00	₱7,088.00
1.0HP X-Series Split type Aircon	₱21,195.00	₱14,190.00	₱7,005.00
X-SERIES Front Load Combo Washer & Dryer	₱48,195.00	₱28,525.00	₱19,670.00

Shopee 6.6 Mid-year sale

MODEL NAME	SRP	SALE PRICE	SAVING
0.5HP X-SERIES Non-inverter Window Type Aircon	₱9,995.00	₱6,945.00	₱3,050.00
10L XTREME HOME Portable Air Cooler	₱6,795.00	₱5,250.00	₱1,545.00
90cm X-Series Rangehood	₱6,995.00	₱3,965.00	₱3,030.00
20L X-Series Digital Microwave	₱4,215.00	₱3,525.00	₱690.00
32-inch X-Series ANDROID TV	₱13,995.00	₱7,400.00	₱6,595.00

XTREME Appliances also added several new products on their assortment, take home these new appliances at a special introductory sale price:

MODEL NAME	SRP	SALE PRICE	SAVING
XTREME Home 24L Digital Air Fryer Oven	₱6,995.00	₱4,890.00	₱2,105.00
XTREME 250Wx2 Portable Speaker	₱4,895.00	₱4,130.00	₱765.00
XTREME 450Wx2 Amplified Speaker	₱9,995.00	₱8,530.00	₱1,465.00
XTREME 550Wx2 Amplified Speaker	₱14,195.00	₱12,130.00	₱2,065.00
XTREME 650Wx2 Amplified Speaker	₱18,395.00	₱15,730.00	₱2,665.00
XTREME 450Wx2 Amplified Speaker	₱10,695.00	₱8,995.00	₱1,700.00
XTREME 550Wx2 Amplified Speaker	₱14,995.00	₱12,580.00	₱2,415.00
XTREME 650Wx2 Amplified Speaker	₱18,895.00	₱16,180.00	₱2,715.00
1.8L X-SERIES Blender (Blue)	₱1,995.00
1.8L X-SERIES Blender (Green)	₱1,995.00
1.8L X-SERIES Blender (Pink)	₱1,995.00

To know more about the complete line-up of discounts and other deals, be sure to check out XTREME Appliances' official store on Lazada and Shopee, follow the official XTREME Appliances on Facebook, or visit the official XTREME Website.