Quick Loans Online (QLO) just launched its latest salary loan product, QLO Cash Advance, enabling employees to loan a fraction of their monthly salary at zero interest, payable within the short-term via salary deduction. The loan ranges from P3,000 to P8,000, with a one-time processing fee of P500,...
Government debt continued to snowball in February, driven mainly by both domestic and offshore borrowings as well as foreign exchange fluctuations. The Bureau of the Treasury reported Thursday, March 31, that the outstanding debt of the national government stood at P12.093 trillion as of February,...
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. The Commission on Audit (COA) logo (Taken from coa.gov.ph/ MANILA BULLETIN) Through the COVID-19...
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. Former Sen....
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. (Vice President Leni Robredo/The 2022 Presidential One-on-One...
The Department of Finance (DOF) said the Philippines has secured about $800 million worth of financing from multilateral development banks (MDBS) in December to ensure the government has funds to procure coronavirus booster shots. Finance Undersecretary Bayani H. Agabin said on Friday, Jan. 7, that...
Senator Sherwin Gatchalian on Tuesday called on the Department of Trade and Industry (DTI) to boost its information campaign on the availability of soft loans and financial grant programs to micro, small and medium enterprises (MSMEs) that were affected by Typhoon Odette. Gatchalian said doing so...
Pag-IBIG Fund has allocated P5- billion in Calamity Loans to help its members affected by typhoon Odette, its top executives announced on Wednesday (Dec. 22). “In times like these, Pag-IBIG Fund is always ready to help members through our Calamity Loan Program. That is why the Pag-IBIG Board has...
DBP The Development Bank of the Philippines (DBP) granted a P200-million loan to the Municipality of Balayan in Batangas to finance various development projects. Specifically, the loan proceeds will be used to improve the Balayan New Government Center, acquire a lot for a sanitary landfill and...
Human rights lawyer Chel Diokno has called on the government to give priority to Typhoon “Odette” victims by relaxing the documentary requirements to hasten their claims for benefits and financial assistance from concerned agencies. Human rights lawyer Chel Diokno “We ask the government to be...
The World Bank has approved a fresh $600 million loan that aims to support the Philippines’ economic recovery from the coronavirus pandemic. In a statement, the Washington-based multilateral institution said it approved the financing for the government’s reform program to position the country...
Globe-Telecom_CNNPH (2) Globe Telecom Inc. signed a P15-billion term loan facility from Banco de Oro (BDO) and Land Bank of the Philippines (LandBank) for capital expenditures, re-financing debts and for general corporate requirements. The loans comprised of ₱10 billion from BDO and ₱5 billion...
