The government has already secured $1.2 billion in loans to fund the purchase of coronavirus vaccines, but the Duterte administration’s chief economic manager said their rollout hinges on the suppliers’ ability to deliver the ordered doses. Finance Secretary Carlos G. Dominguez III said on...
Slows down branch expansion BPI Direct BanKo (BanKo), the savings bank subsidiary of Bank of the Philippine Islands (BPI) specializing in micro enterprises financing for as low as P25,000 up to P150,000 collateral-free, is targeting the grant of P7 billion micro loans this year to help micro...
Cebu Air, Inc. (CEB) today ( March 5) signed a P16 billion ten-year term loan facility with a syndicate of domestic banks. The airline's lenders include the Development Bank of the Philippines (DBP) and Land Bank of the Philippines (LBP), along with Asia United Bank Corporation (AUB), Bank of the...
The Japan International Cooperation Agency (JICA) has disbursed another loan to the Philippines in supporting families devastated by recent typhoons in the last quarter of last year. In a statement, Azukizawa Eigo, JICA Philippines chief representative, said they have released 10 billion yen,...
The Development Bank of the Philippines (DBP)'s loan portfolio grew 13.91 per cent to P374.85-billion for the first nine months of the year, with the bulk, or P175.72-billion, going to the infrastructure and logistics sector, announced DBP President and Chief Executive Officer Emmanuel G. Herbosa....
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...
