State-run Philippine Guarantee Corp. (PhilGuarantee) has set aside facilities to help micro, small and medium enterprises (MSMEs) recover from the coronavirus-induced economic crisis. Alberto Pascual, PhilGuarantee president and chief executive, said they have earmarked P42.3 billion in credit...
SM Investments Corporation (SMIC) reported a 54 percent drop in consolidated net income to P15.2 billion in the first nine months of 2020 from the P33.1 billion earned in the same period last year. In a disclosure to the Philippine Stock Exchange, the firm said consolidated revenues for the...
Trade and Industry Secretary Ramon M. Lopez has proposed to share P4 billion out of the P10 billion allocation from the Bayanihan 2 as soft loans to micro, small and medium enterprises (MSMEs) to pay for the 13th month pay of their workers. This was revealed by Department of Labor and Employment...
The central bank will continue to count loans to micro, small, and medium enterprises (MSMEs) as well as qualified large enterprises as part of compliance with the reserve requirements until end-2022 to extend relief measures to banks and non-banks and to provide funding to businesses hit by the...
Congress should immediately pass the two pending measures of the Duterte administration to help the pandemic-hit businesses that are mainly micro, small, and medium enterprises (MSMEs), the Department of Finance (DOF) said. Finance Assistant Secretary Antonio Joselito Lambino II said the Corporate...
The Department of Finance (DOF) assured that the government’s plan for the economy to recover from the coronavirus-induced global crisis covers an array of programs meant to help small businesses get back on their feet. In a statement, Finance Secretary Carlos G. Dominguez III said that...
Fresh food picks! STRAIGHT FROM THE FARM These fresh vegetables came all the way from Baguio From the start of the lockdown, our hearts have gone out to a lot of people in need. Initial concerns and support went out to our local farmers. Group chats have been filled with people sharing messages on...
