Senatorial aspirant and Sorsogon Governor Francis “Chiz” Escudero on Monday urged banks to ensure that 10 percent of their loan portfolio goes to micro, small and medium enterprises (MSMEs) financing. Escudero, who used to head the Senate committees on finance, and banks and financial...
The Department of Finance (DOF) has set in motion the full implementation of the Personal Property Security Act (PPSA) with its recent issuance of the rates for the fees on the use of the electronic registry mandated to be established under the law. Republic Act (RA) No. 11057 or the PPSA aims to...
With its nationwide coverage and recorded growth of more than 600 branches, J&T Express effectively achieves its goal of reaching far-flung areas, 365 days a year even on holidays. PH Global Jet Express Inc. (J&T Express Philippines), one of the fastest and most reliable delivery services,...
Senator Grace Poe on Monday, August 9, appealed to the government's pandemic task force to consider micro, small and medium enterprises (MSMEs) in deciding to impose stricter lockdowns in the Philippines. President Rodrigo Duterte presides over a meeting with the Inter-Agency Task Force on the...
Robinsons Land Corporation (RLC) has opened its malls for the vaccination of the micro, small and medium enterprises (MSMEs) economic frontliners’ as part of the government and the private sector partnership in battling the COVID-19 global health pandemic. “We, at Robinsons Land, are...
Employers on Wednesday, (June 30) said government must mobilize private sector participation in the massive infrastructure projects in light of limited fiscal space due to slower growth. This formed part of the 42nd National Conference of Employers (NCE) Resolutions approved by the Employers...
The Department of Finance (DOF) said the newly formed committee tasked to streamline trade processes and modernize major customs operations will be beneficial to micro, small and medium enterprises (MSMEs). Finance Secretary Carlos G. Dominguez III said the Philippine Trade Facilitation Committee...
The central bank said banks have released an average of P174.9 billion new loans to micro, small and medium enterprises (MSMEs) as of mid-April as alternative compliance to the reserve requirement (RR) rule. Based on Bangko Sentral ng Pilipinas (BSP) data, this amount is 12 percent of total...
A micro fruit processing enterprise in Agusan del Norte has been granted tax and fiscal incentives by the Board of Investments. With a modest project cost of P1.46 million, KOR-Palm Agricultural Development Philippines Corporation (KADC) has established a fruit processing plant with a maximum...
Senator Risa Hontiveros has warned lawmakers that eliminating all restrictions to foreign ownership of the country’s domestic retail trade would not be a wise option, especially amid an economic crisis due to the coronavirus (COVID-19) pandemic. Hontiveros said Senate Bill No. 1840 or the...
An estimated P6.93 billion of micro, small and medium enterprise (MSME) loans under the Credit Surety Fund (CSF) have been released as of end-December 2020, according to a central bank CSF survey. BSP Governor Benjamin E. Diokno (Credit: BSP photo) Bangko Sentral ng Pilipinas (BSP) Governor...
The National Wages and Productivity Commission (NWPC) and its Regional Tripartite Wages and Productivity Boards (RTWPBs) have officially opened the call for entries to the 2021 Productivity Olympics in the new normal. NWPC Executive Director Maria Criselda Sy (Screengrab from Zoom meeting) But what...
