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 Restoration and Invigoration package for a Self-sufficient Economy towards UPgrowth for LGUs (RISE UP LGUs) program will […]
by ev3v4hn | Jul 25, 2020 | Business News
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...
by ev3v4hn | Jul 16, 2020 | Business News
BPI logo Ayala-led Bank of the Philippine Islands (BPI) booked P11.68 billion in first semester net profit, down by 15 percent year-on-year as the bank set aside a much larger buffer for credit losses during this coronavirus (COVID-19) pandemic. BPI forked out P15...
by ev3v4hn | Jul 8, 2020 | Business News
MANILA, Philippines – Bank loans grew at a slower pace in May as the Philippine government’s quarantine measures meant to slow the spread of the coronavirus pandemic prevented more fresh credit from being underwritten despite lower interest rates, according to the...
by ev3v4hn | Jul 1, 2020 | Business News
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...
