The Asian Development Bank (ADB) approved a fresh loan to the Philippines to help build elevated pathways in four areas along the Epifanio de los Santos Avenue, commonly known as EDSA. Design image of the elevated walkways on EDSA to be constructed with financing from a new ADB loan In a statement,...
The Development Bank of the Philippines (DBP) is granting P1 billion interest rate subsidies for local government unit (LGU) loans covering pandemic-related projects. The government, under its Bayanihan 2 fund, allotted P1 billion each to the DBP and the Land Bank of the Philippines to subsidize...
The country’s external debt service burden decreased by 11.11 percent to $4.934 billion as of end-August from $5.551 billion same time last year, according to the Bangko Sentral ng Pilipinas (BSP). Debt service burden is payment made to both principal and interest on both the public and...
Pag-IBIG Fund is offering up to six months of payment relief, more affordable amortization, and waived penalties under its special restructuring program to help home loan borrowers cope during the pandemic, top executives announced on Monday (Oct. 19). Secretary Eduardo D. del Rosario, who serves...
State-run Government Service Insurance System (GSIS) has launched a loan facility that offers low interest, enhanced loan consolidation feature, longer payment term and one-time waiver of surcharges. Rolando Ledesma Macasaet, GSIS president and general manager, said the new loan program gives...
State-run Government Service Insurance System (GSIS) announced the reopening of its COVID-19 Emergency Loan program to members and pensioners. In a statement, Rolando Ledesma Macasaet, GSIS president and general manager, said the COVID-19 Emergency Loan program is accepting applications beginning...
Auto financing during the pandemic Written by Eric Tipan So you really like the Corolla Cross or any of the other crossovers that were virtually launched in the past few months but the catch is, you don’t have cash. Do you take out a loan? The pandemic effect There are a few things you should...
