contact-us-1 The Development Bank of the Philippines (DBP) launched a new loan program for utility-scale solar power developers in the country and boost investments in the renewable energy sector, President and Chief Executive Officer Emmanuel G. Herbosa announced Dec. 28, 2021. Specifically, the...
The Philippines and South Korea signed on Friday, Dec. 17, an agreement for a US$100-million loan intended to boost the country's coronavirus disease (COVID-19) vaccination program. DOF Secretary Carlos Dominguez III and South Korean Ambassador to the Philippines Kim Inchul (Photo courtesy of the...
DBP-Bldg-news-1080x714-1 The Development Bank of the Philippines (DBP) granted a P311.8-million term loan to the local government unit (LGU) of Tuguegarao City for public infrastructure and agriculture productivity enhancement. Specifically, the loan will finance the construction of a core shelter...
The Government Service Insurance System (GSIS) announced on Tuesday, Nov. 30 that their improved pension loan can now be availed by old-age pensioners. GSIS "Ang GSIS enhanced pension loan ay ang dating GSIS pension loan na pinaganda ang features upang mas matugunan ang pinansyal na pangangailangan...
New Naga City Level 1 Hospital The Development Bank of the Philippines (DBP) granted a P700-million loan to the local government unit (LGU) of Naga City, Camarines Sur to fast-track public infrastructure and social development. The LGU will use the loan to build a three-storey Level 1 New Naga City...
State-run Social Security System (SSS) said that its enhanced pension loan program (PLP) declined by double digits in the first eight months of the year due to lower number of pensioner-borrowers. (MANILA BULLETIN FILE PHOTO) In a statement, Aurora C. Ignacio, SSS president and chief executive...
The Bank of the Philippine Islands (BPI) and Ford Philippines are making it easier for customers to own their dream Ford vehicles through flexible auto loans and exclusive discounts. Under the partnership, customers can avail easy-to-own plans for the Ford Ranger, Ford Territory, and Ford Everest....
Banks' non-performing loans (NPL) ratio still remained unchanged at 4.51 percent in August from the previous month, July, the Bangko Sentral ng Pilipinas (BSP) reported. The total bad loans reached P491.93 billion in August or 61.28 percent from P304.99 billion the same month last year. Compared to...
Pag-IBIG Fund posted record-highs anew for the period January to August 2021 as members availed of its housing loan program and voluntary savings program in record numbers amid the pandemic, top officials of the agency announced during its Virtual Stakeholders’ Accomplishment Report held online,...
Pag-IBIG Fund posted earnings of P16.11 billion in the first half of 2021 amid the challenges posed by the continuing health crisis, a 14 percent increase compared to the same period last year, its top officials reported on Wednesday, 25 August. From January to June, Pag-IBIG Fund’s gross income...
Fiber broadband provider Converge Information and Communications Technology Solutions, Inc. took out a P3 billion term loan with state-owned Land Bank of the Philippines (LANDBANK) to fund its terrestrial and subsea domestic fiber backbone network. Meta3 The total loan package from LANDBANK also...
Banks are warned against what the central bank referred to as organized crime groups’ (OCG) modus operandi using auto loan products to sell carnapped vehicles to unsuspecting buyers or bank borrowers. In a memo released over the weekend, Bangko Sentral ng Pilipinas (BSP) Deputy Governor Chuchi G....
