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Unsecured loans 101: What borrowers need to know

Moneymax.ph
Posted at Oct 02 08:15 PM

Need to make ends meet but don’t want to sacrifice your prized possessions? Unsecured loans can help you take care of any financial emergencies. As long as you have a good credit standing, you can easily apply for it in the Philippines.    Read more »

Drilon questions direct disbursement of anti-insurgency fund to barangays

Katrina Domingo, ABS-CBN News
Posted at Sep 14 09:03 PM

The Senate Minority Leader earlier flagged a P16-billion fund, saying it could be "clearly used for political purposes." Read more »

Finance Dept, AMLC ink deal to strengthen fight vs money laundering, terrorism financing

ABS-CBN News
Posted at Sep 03 03:09 PM

The Department of Finance said Thursday it signed a deal with the Anti-Money Laundering Council to reinforce the fight against money laundering and terrorism financing. Read more »

Philippines can fund free COVID-19 vaccines for 20M poor Filipinos: Dominguez

Jessica Fenol, ABS-CBN News
Updated as of Jul 31 11:39 AM

The Philippines has a financing plan to purchase at least 40 million doses of COVID-19 vaccines once it becomes available to be administered for free to the poorest 20 million Filipinos, Finance Secretary Carlos Dominguez III said Friday. Read more »

BPI hopes to raise P3 billion from bond sale for MSME financing

ABS-CBN News
Posted at Jun 22 11:45 AM

Bank of the Philippine Islands said Monday it hoped to raise P3 billion from the country's first COVID-19 response bonds and help fund a lending program for small businessmen. Read more »

ADB approves record $1.5 billion loan to Philippines for coronavirus fight

ABS-CBN News
Posted at Apr 24 01:42 PM

The ADB's COVID-19 Active Response and Expenditure Support (CARES) Program will focus on helping citizens overcome health, economic and social costs of the pandemic, it said in a statement. Read more »

World Bank approves $100 million loan for Philippines' pandemic fight

ABS-CBN News
Posted at Apr 23 10:31 AM

The World Bank said Thursday it approved a $100 million (P5 billion) loan to boost the Philippines' capacity to respond to the coronavirus pandemic.  Read more »

PhilHealth benefits for COVID-19 patients

Moneymax
Posted at Mar 27 05:16 PM

The COVID-19 pandemic will certainly leave a dent in everyone’s pockets. Fortunately, we can rely on these PhilHealth benefits to help combat COVID-19 without necessarily spending a lot. Read more »

Philippines has economic 'firepower' to fight coronavirus, says IMF

ABS-CBN News
Updated as of Mar 26 11:31 AM

The Philippines has the economic "firepower" to fight the coronavirus pandemic and can draw from the International Monetary Fund's emergency financing, the Washington-based lender said Thursday. Read more »

Loan restructuring seen as rescue for small businesses shut by coronavirus

ABS-CBN News
Posted at Mar 24 03:17 PM

Philippine banks are likely to restructure loans to small businesses to help them recover from the coronavirus pandemic when it is over, an economic adviser to President Rodrigo Duterte said Tuesday. Read more »

World Bank adds $2 billion to coronavirus response funds

Reuters
Posted at Mar 18 10:18 AM

The change will give the World Bank's International Financing Corp a total of $8 billion to support private companies and their employees hurt by economic impacts of the virus, the bank said. Read more »

Lawmakers urged to strengthen laws vs money laundering, terrorist financing

ABS-CBN News
Posted at Mar 03 11:41 PM

The Philippine Anti-Money Laundering Council is now appealing for more powers and stronger laws against money smuggling, following the revelation of a multimillion-dollar money laundering scheme in the country. Read more »

ADB opens Clark office for Central Luzon projects

ABS-CBN News
Posted at Feb 28 12:36 PM

The office in Clark will serve as hub in Central Luzon for ADB-financed projects and will "help advance" the $2.75 billion (P140 billion) Malolos-Clark Railway project, the lender said in a statement.    Read more »

BSP pushes for digital services, microfinancing for small businesses

Jessica Fenol, ABS-CBN News
Updated as of Nov 27 07:26 AM

The BSP aims to improve the exposure of micro, small and medium enterprises’ (MSMEs) to loans by supporting policies for innovative services, Diokno said in a speech during the 17th Citi Microentrepreneurship Awards.  Read more »

Ilang ni-recruit para mangutang sa financing company, tinakbuhan ng recruiter

ABS-CBN News
Updated as of Nov 26 07:49 PM

Nagreklamo sa National Bureau of Investigation ang mga biktima ng panibagong modus, na nabaon sa utang matapos ipagamit ang kanilang mga pangalan at umutang sa isang financing company.   Read more »

BSP set to release rules on sustainability financing

ABS-CBN News
Posted at Nov 16 03:12 PM

The Bangko Sentral ng Pilipinas is set to issue rules on sustainability financing soon as it seeks to spur investments and funding for green initiatives. Major banking players in and out of Manila have already started to push for responsible financing. Bruce Rodriguez reports.   Read more »

Singapore hands down first conviction for terror financing

Agence France-Presse
Posted at Oct 18 03:34 PM

SINGAPORE - A Singaporean man became the first of the country's citizens to be jailed for financing terrorism after he was convicted of sending money to a radical Islamist preacher. Read more »

ADB plans $9.1 billion in loans to Philippines under 3-year plan

ABS-CBN News
Posted at Oct 17 11:37 AM

The Manila-based lender said it would allocate 59.5 percent of its 3-year lending program Philippines Country Operations Business Plan (COPB) 2020-2022 on transportation projects including railway, bridges, road networks, and elevated pedestrian walkways. Read more »

#TreatYourself: top 5 ways to reward yourself for a job well done

Partner Feature
Updated as of Oct 02 07:19 PM

Because you deserve it. Read more »

How to invest in 'green' financing?

ABS-CBN News
Posted at Aug 01 09:59 AM

Philippine companies raised around P1.5 billion from so-called "green bonds" since last year. Marlon Apanada, managing director of Allotrope Partners gives tips on how to invest in green financing. Read more »