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...
The European Union has allocated P3.76 billion in green financing as part of its commitment to support the Philippines’ sustainable economic activities. “The EU therefore stands ready to continue its engagements with the Philippines on approaches to ensure environmentally sustainable economic...
The Securities and Exchange Commission (SEC) wants the Bangko Sentral to also put a limit on charges for consumer and payday loans offered by lending and financing companies. This after the Commission hailed the central bank’s move to put an annual interest rate ceiling of 24 percent...
The Bureau of the Treasury is planning to borrow P140 billion from the domestic market in October this year. According to an online advisory posted today, the Treasury indicated that the national government will sell P80 billion worth of Treasury bills (T-bills) and P60 billion in Treasury bonds...
