by ev3v4hn | May 26, 2020 | Business News
The Asian Development Bank (ADB) on Tuesday (May 26) approved a $400-million loan to further develop the Philippines’ capital markets. In a statement, the Manila-based multilateral lender said the Support to Capital Market-Generated Infrastructure Financing Program-Subprogram 1 was aimed at addressing “key constraints that have limited the growth of domestic capital markets, especially government and […]
by ev3v4hn | May 23, 2020 | Business News
BPI logo Ayala-led Bank of the Philippine Islands has extended its deferred payment programs for consumer and business loans to align with the “Bayanihan We Heal as One” Act and the declaration of the Modified Enhanced Community Quarantine (MECQ) over the National...
by ev3v4hn | May 23, 2020 | Business News
MANILA, Philippines — Amid the coronavirus disease (COVID-19) pandemic, the total loan assistance extended by the state-run pension fund Government Service Insurance System (GSIS) to its members and pensioners breached the P10-billion mark as of mid-May. In a...
by ev3v4hn | May 19, 2020 | Business News
Thanks, but no thanks. This was the stance of the country’s top monetary manager to an emergency cash facility that the International Monetary Fund (IMF) made available to its member-nations recently to help them cope with any capital flight caused by the COVID-19...
by ev3v4hn | May 19, 2020 | Business News
East West Bank vice chair and CEO Antonio Moncupa Gotianun family-led East West Bank grew its net profit in the first quarter by 75 percent year-on-year to P2.3 billion even as the bank jacked up loan loss provisioning to prepare for fallout from the coronavirus...
