by ev3v4hn | Aug 17, 2020 | Business News
Electric cooperatives have already secured a total of P343.4 million in loans from the National Electrification Administration (NEA) at end-July, bulk of which was used to bring power to communities that still have no access to electricity. Data from the NEA, which administers 121 electric cooperatives, showed that of the total amount, about P240 million […]
by ev3v4hn | Aug 14, 2020 | Business News
Security Bank Corp. remained profitable through the first semester, despite the unfolding health crisis and significantly higher provisioning for potential business losses. Security Bank said in a stock exchange filing on Thursday that net income from January to June...
by ev3v4hn | Aug 13, 2020 | Business News
The central bank has put its foot down against lawmakers’ proposals to grant loan borrowers a blanket one-year halt to debt payments as part of a broader relief package being deliberated by Congress in response to the COVID-19 pandemic. In a strong statement delivered...
by ev3v4hn | Aug 13, 2020 | Business News
The Manila-based Asian Development Bank (ADB) has extended to the Philippines a $400-million loan to be spent on programs and projects that will lift more agriculture workers from poverty by improving the sector’s competitiveness and productivity. The policy loan for...
by ev3v4hn | Jul 29, 2020 | Business News
MANILA, Philippines — Local government units (LGUs) struggling to finance programs and projects aimed at recovery post-COVID-19 pandemic may tap the Land Bank of the Philippines’ (Landbank) new P10-billion lending program. In a statement Wednesday, Landbank said the...
