France has provided the Philippines nearly P9 billion (15​0​ million euros) as ​policy-based ​loan assistance for the country​'s​ climate actions​ and green recovery from Covid-19.​ French Ambassador to the Philippines Michèle Boccoz and...
ACEN secures AU$277-M loan for Australia projects Ayala-led ACEN Corporation has secured AU$277-million syndicated loan to continuously bankroll its utility-scale renewable energy (RE) projects in the Australian energy market. The syndicated loan has been sourced from the Bank of China in Manila...
The Development Bank of the Philippines (DBP) granted a P254-million loan to renewable energy firm Upgrade Energy Philippines, Inc. (UEP) to spur investments in the sector amidst rising demand. UEP, an engineering, procurement and construction contractor, offers renewable energy and energy...
LAOAG CITY, Ilocos Norte – Out-of-school youths (OSYs) in Ilocos Norte can now avail of agricultural loans following the launching last week by the Department of Agriculture-Agricultural Credit Policy Council (DA-ACPC) of its credit and financing facility in the province. MAP of the Philippines...
The Development Bank of the Philippines (DBP) granted P152.1-million credit assistance to a Batangas-based transport cooperative for the acquisition of 85 modern Public Utility Jeepney (PUJs) units, to promote sustainable transport system in the province, the 7th most populous in the country. The...
The first bill filed in the House of Representatives in the 19th Congress has been approved on second reading by congressmen. The House plenary (Ellson Quismorio/ MANILA BULLETIN) Also known as House Bill (HB) No.1, the proposed Government Financial Institutions (GFIs) Unified Initiatives To...
Driven by the strong collection of home loan payments in the last 10 months, Pag-IBIG Fund’s performing loans ratio climbed to 89.96% in October, exceeding the agency’s yearend target by 196 basis points, top executives announced Monday (28 November). From January to October, home loan payments...
Up 27%; MP2 Savings surpass P33B, up 57% Pag-IBIG Fund members have saved more than P66 billion in the last 10 months, breaking yet another record for the period and exceeding all prior full year figures, top agency officials announced on Monday (November 14). From January to October, the amount...
State-owned Land Bank of the Philippines remained the largest lender to the agriculture sector, the Department of Finance (DOF) announced. In a statement on Friday, Aug. 12, Finance Secretary Benjamin E. Diokno said that Landbank, the country’s second largest bank in terms of assets, has a total...
Pag-IBIG Fund posted earnings of ₱20.48 billion in the first half of 2022, an impressive 27% increase compared to the same period last year, its top officials reported on (Monday, 08 August). From January to June, Pag-IBIG Fund’s gross income reached ₱32.19 billion, while net income amounted...
State-run Government Service Insurance System (GSIS) is encouraging its members and pensioners affected by the recent earthquake in Abra to avail of the pension fund’s emergency loan. Jose Arnulfo “Wick” Veloso, GSIS president and general manager, said their emergency loan program is now open...
Senator Lito Lapid ​has filed a measure seeking a moratorium on payments of student loans during times of disasters and other emergencies as part of the government's economic assistance to the public. Lapid filed Senate Bill (SB) No. 975, which aims to provide for the deferment of the...
