Over 250,000 members of the Government Service Insurance System (GSIS) were able to avail of Multi-Purpose Loan (MPL) since last year. GSIS, in a statement issued Friday, June 25, announced that it has granted a total of P65 billion in multi-purpose loans to its 250,783 members since it opened the...
State-owned Government Service Insurance System (GSIS) said its multi-purpose loan disbursements hit P65 billion since its launching nine-months ago. Rolando Ledesma Macasaet, GSIS president and general manager, said on Friday, June 25, that the pension fund’s multi-purpose loan facility has also...
The World Bank has approved a fresh loan to the Philippines that aims to ensure the local financial sector’s stability as well as support the nation's economic recovery. In a statement, the World Bank announced on Friday, June 25, that a $400 million development policy loan (DPL) was approved to...
Senator Sherwin Gatchalian is seeking to protect consumers from the fraudulent schemes of some financial service providers and unscrupulous individuals. Senator Sherwin Gatchalian during a special session in the Senate on March 23, 2020. (Henzberg Austria/Senate PRIB) Gatchalian said on Saturday,...
The Development Bank of the Philippines (DBP) Friday, (June 18) unveiled a P12 billion credit facility to boost pork production. The bank works closely with the Department of Agriculture (DA) and stakeholders in the hog industry to increase pork production to meet consumer demand and stabilize the...
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...
The Department of Tourism (DOT) is urging more tourism enterprises to take advantage of the business loans being offered under the government's pandemic recovery program to help them survive the health crisis. (File photo / MANILA BULLETIN) This, after the government extended to two years the grace...
The Philippine government on Tuesday received the JPY 20-billion (approximately P8.8 billion) budgetary support pledged by the Government of Japan (GOJ), through the Japan International Cooperation Agency (JICA). (Embassy of Japan) In a statement issued by the Japanese Embassy in Manila, it said...
FGP Corp., which is a subsidiary of Lopez-led First Gen Corporation, has inked a six-year US$308 million loan facility with four banks – the proceeds of which will primarily be allocated to refinance debts funneled to its 500-megawatt San Lorenzo gas fired power plant; while the rest will be...
The Bangko Sentral ng Pilipinas (BSP) said it has processed some P42.8 billion worth of local government unit (LGU) loans in the last half of 2020. All LGUs must send requests for Monetary Board opinion before they could transact their planned domestic borrowings. For the second semester of 2020,...
The Development Bank of the Philippines (DBP) and the Local Government of Manila today, May 21, signed a P10 Billion 15-year term loan agreement to fund public infrastructure projects in the capital. Specifically, the city government will use the fund to build school buildings in three districts,...
President Duterte and Japanese Prime Minister Yoshihide Suga on Wednesday held a telephone summit to discuss among others the impending release of the JY20 billion (roughly P9 billion) Post-Disaster Standby Loan to the Philippines, the status of the subway and railway projects in Metro Manila and...
