Landbank offers low-interest loans of up to P300K to parents

Landbank offers low-interest loans of up to P300K to parents

Land Bank of the Philippines (Landbank) is offering direct loans to students in households unable to afford education expenses amid the coronavirus crisis. In a statement on Thursday, the state-run bank said it has set aside P1.5 billion in credit support for the soon to be launched Interim Students’ Loan for Tuitions toward Upliftment of […]
Gov’t guarantees P37.5B in bank loans to SMEs

Gov’t guarantees P37.5B in bank loans to SMEs

In its bid to make available loans to small businesses badly hit by the COVID-19 crisis, the state-run Philippine Guarantee Corp. (Philguarantee) has green-lit P37.5 billion in credit guarantees as of end-June. Philguarantee said the total credit guarantee facilities...
COVID-19 foreign loans, grants hit $7.76 billion

COVID-19 foreign loans, grants hit $7.76 billion

MANILA, Philippines — Foreign borrowings, loans, and grant assistance secured by the Philippines to fight the COVID-19 pandemic amounted to a total of $7.76 billion (over P386 billion) as of July 1, with two-thirds of the proceeds already injected into the budget, the...