PH gets P23.5B Japan loan for COVID-19 response
The Philippines can ramp up coronavirus testing and contract tracing, thanks to a new P23.5-billion loan from Japan to be spent on fighting the health and socioeconomic crises caused by…
ADB OKs $26.5M loan to plug leaks in local property tax take
MANILA, Philippines — The Asian Development Bank (ADB) has greenlighted a $26.5-million loan (over P1.3 billion) so local governments in the Philippines can assess property taxes digitally. “The Local Governance…
PH gets $370M WB loan to ‘split’ land titles for agrarian reform beneficiaries
MANILA, Philippines — The World Bank has approved a $370-million loan to split collective land titles covering more than 1.3 million hectares of property earlier on granted to about 750,000…
MWSS secures $126-M loan from ADB for critical aqueduct
Water supply for households in Metro Manila, Rizal and Cavite is expected to be more secure as the Asian Development Bank (ADB) approved a $126-million loan to help the Metropolitan…
BSP: Pandemic to cause loan defaults, but not as bad as 1997 crisis
Soured loans in the local financial system will rise over the near term due to the coronavirus pandemic-induced recession, but the country’s top banking regulator said the expected increase in…
Gov’t gets $500-M loan | Inquirer Business
The Pantawid Pamilyang Pilipino Program (4Ps) will get a fresh $450 million (about P22.5 billion) in funds to continue providing cash grants to poor families for their children’s health and…
EastWest to set aside P10B loan loss buffer this 2020
Gotianun-led EastWest Bank plans to book P10 billion in provisions for probable loan losses this year to prepare for the fallout from the coronavirus (COVID-19) pandemic. Before the pandemic erupted,…
China-led lender OKs $750M loan to PH for COVID-19 response
The China-led Asian Infrastructure Investment Bank (AIIB) on Thursday (May 28) approved a second loan to the Philippines, worth $750 million, for COVID-19 response. Finance Undersecretary Mark Dennis Y.C. Joven…
ADB OKs $400-million loan to boost PH capital markets
The Asian Development Bank (ADB) on Tuesday (May 26) approved a $400-million loan to further develop the Philippines’ capital markets. In a statement, the Manila-based multilateral lender said the Support…
BPI stretches out loan payment programs
BPI logo Ayala-led Bank of the Philippine Islands has extended its deferred payment programs for consumer and business loans to align with the “Bayanihan We Heal as One” Act and…