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The Government Service Insurance System (GSIS), on Monday, May 2, said that it has allotted over P511M in order to help more than 25,000 pensioners in the province of Davao del Norte and the municipality of Montevista in Davao de Oro.

The Commission on Audit (COA) reported on Wednesday, March 2 that around P4.99-billion allocated for loan distribution micro, small, and medium enterprises as part of Bayanihan 2 act was left stagnant.

UniTeam Senate bet Jinggoy Estrada has proposed a loan similar to the United States’ (US) “Payment Protection Program,” (PPP) a loan to assist micro, small, and medium enterprises (MSMEs) in paying their employees, rent, and utilities amid the coronavirus (COVID-19) pandemic.

If she wins the presidency this May 2022, Vice President Leni Robredo plans on addressing the Philippines’ ballooning loans and will “honor the commitments” by improving the country’s debt-to-GDP (gross domestic product) ratio.

Pag-IBIG Fund has allocated P5-billion in Calamity Loans to help its members affected by typhoon Odette, its top executives announced on Dec. 22, 2021.

Vice President Leni Robredo on Sunday, October 17, asked the government to put up a stimulus package for micro, small, and medium enterprises (MSMEs) in exchange for keeping their employees amid the economic uncertainties during the pandemic.

The Duterte administration has substantially reduced new financing last August, taking up only about a fifth of the amount it borrowed from a year earlier, data from the Bureau of the Treasury showed.

Pag-IBIG Fund has made its cash loans more affordable by lengthening its payment term to three years, to give borrowers more time to pay off their loans.

President Duterte’s chief economic manager bucked the legislative proposals seeking to set a statutory debt limit and create the government’s committee in charge of fiscal discipline.

The Government Service Insurance System (GSIS) said it has released over P200 billion in net loan proceeds to over a million members and pensioners.

In a bid to entice more borrowers from the agriculture sector, Bank of the Philippines (BPI) has opened a loan program to small and medium enterprises (SME) with no collateral and fewer documentary requirements.

The central bank’s Monetary Board as of May 7 has reviewed and approved $15.5 billion worth of foreign borrowings for the government’s anti-pandemic projects and programs.

The banking sector’s assets continue to increase at P19.439 trillion as of end-first quarter, up by 5.62 percent from same period last year of P18.404 trillion, based on Bangko Sentral ng Pilipinas (BSP) data.

State-run Philippine Guarantee Corp. (PhilGuarantee) sustained the growth of its guarantee program for viable but pandemic-hit micro, small and medium enterprises (MSMEs) for the third straight month since its launch in December last year.

The central bank’s Monetary Board has approved $2.84 billion worth of public sector foreign borrowings in the first three months of 2021, up by 19.36 percent from same time last year of $2.38 billion.

An organization of education workers urged the Government Service Insurance System (GSIS) to cancel the “questionable and unjust” accrued interests on loans for the months of enhanced community quarantine (ECQ) in 2020.

The Bangko Sentral ng Pilipinas (BSP) is not keen on granting  another round of payment moratorium on loans as the banking system may not be able to absorb another round of moratorium on debt payments as banks need time to build up buffers while the economy – on the second year of the COVID-19 health crisis – is slowly reopening from the government-imposed lockdown.

The Bangko Sentral ng Pilipinas’ (BSP) total loans and advances to banks by end-November 2020 increased to P680.76 billion, or 3x more than what was reported same period in 2019.