Landbank offers P10-B loan program for LGUs’ COVID-19 recovery

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 Restoration and Invigoration package for a Self-sufficient Economy towards UPgrowth for LGUs (RISE UP LGUs) program will […]

DTI stops accepting MSME applicants for loan program

The Department of Trade and Industry (DTI) had temporarily stopped since last month accepting loan applications from businesses that needed help to survive the health crisis after its P1-billion fund fell short of meeting demand. Small Business Corp., a DTI-attached...

PH gets P23.5B Japan loan for COVID-19 response

The Philippines can ramp up coronavirus testing and contract tracing, thanks to a new P23.5-billion loan from Japan to be spent on fighting the health and socioeconomic crises caused by the pandemic. On Wednesday (July 1), Finance Secretary Carlos G. Dominguez III and...