Changes to the process The pandemic has affected many aspects of our daily life. As such, it’s only natural to ask, “How is auto financing in the time of the pandemic?” We’ll go through a few of the changes you might experience. Yet in spite of that, you might find that very little has...
The Duterte administration has substantially reduced new financing last August, taking up only about a fifth of the amount it borrowed from a year earlier, data from the Bureau of the Treasury showed. Gross borrowings only reached P117.74 billion in August which was 81 percent lower or by P495...
The Department of Finance (DOF) reported it has disbursed $19.8 billion of the total foreign loans and grants for coronavirus response of the Duterte administration. DOF Building in Manila Since the pandemic began last year, the government’s COVID-19 war chest from foreign financing and grant...
Malacañang has underscored the importance of keeping the financially beleaguered Philippine Airlines (PAL) "in the air" amid the coronavirus disease (COVID-19) pandemic. (Photo from PAL Facebook page) Presidential Spokesperson Harry Roque said in a virtual press briefing Monday, Sept. 6 that the...
Government loans from local and foreign banks increased by more than double in July this year. Data from the Bureau of the Treasury showed that the Duterte administration’s gross borrowings jumped 150 percent last July to P337.36 billion from P134.53 billion in the same month last year. According...
Government debt snowballed to a record high of P11.61 trillion as of July this year. Peso bills Based on the Bureau of the Treasury’s report on Tuesday, Aug. 31, the public debt increased 26.7 percent from P9.164 trillion in the same month last year, or an addition of P2.446 trillion in the past...
Seeking to empower more communities and ensure people-centered development, the Department of Social Welfare and Development (DSWD) has officially launched the Additional Financing (AF) of the Kapit-Bisig sa Kahirapan Comprehensive and Integrated Delivery of Social Services - National...
The Department of Energy (DOE), along with multilateral partners like the Asian Development Bank (ADB) and the European Union-Access to Sustainable Energy Programme (EU-ASEP), had pitched for financing tools that the local government units (LGUs) can access in advancing their mandated energy...
The government is determined to take steps to further improve the country's anti-money laundering and anti-terrorist financing regulations. President Rodrigo Duterte delivers a speech during the ceremonial signing of new laws in Malacañang on June 16, 2021. (Malacañang) Presidential spokesman...
AND Financing Corporation (AND FC) targets to haul over 7 million beep card users via a "ride now, pay later" scheme which started this month. Through their lendpinoy app, the firm is granting P500 “beep Pamasahe Loans” to Filipino commuters who are beep card holders. Commuters can use the loan...
Billions of investments in nature are needed to help countries avoid another pandemic while also generating revenues, according to biodiversity financing strategist BIOFIN Philippines. In a statement, the Biodiversity Finance Initiative (BIOFIN), a project of the Department of Environment and...
Clean energy group Center for Energy, Ecology, and Development (CEED) hailed on Friday, May 7 the apparent decision of the Asian Development Bank (ADB) to move away from coal, which has long been regarded as a dirty energy source. (Photo by Wander Fleur / Unsplash) "Today, the Asian Development...
