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SBCorp launches loan program for MSMEs

Jekki Pascual, ABS-CBN News
Posted at May 06 04:59 PM

The state-owned Small Business Corp (SBCorp) on Friday launched a new loan program for businesses that have been affected by the COVID-19 pandemic. Read more »

PH debt hits P12.68 trillion by end March 2022

ABS-CBN News
Updated as of May 05 02:23 PM

The Philippines' sovereign debt hit P12.68 trillion at the end of March 2022, the Bureau of Treasury said Thursday. Read more »

China-backed bank halts lending to Russia, Belarus

Agence France-Presse
Posted at Mar 04 12:11 PM

The China-backed Asian Infrastructure Investment Bank said it will suspend business related to Russia and Belarus, which have been hit with massive international sanctions over the Ukraine war. Read more »

World Bank, IMF racing to get aid to Ukraine in coming weeks, months

Andrea Shalal and David Lawder, Reuters
Posted at Mar 02 08:42 AM

The International Monetary Fund and World Bank said they were racing to provide billions of dollars of additional funding to Ukraine in coming weeks and months, adding the war there is creating "significant spillovers" to other countries. Read more »

World Bank preparing finance options for Ukraine

Reuters
Posted at Feb 25 08:11 AM

World Bank President David Malpass said the lender stands ready to provide immediate support to Ukraine amid "shocking violence and loss of life," and is preparing options for fast-disbursing financing. Read more »

EU wants to rival China’s belt and road in Africa

Jevans Nyabiage, South China Morning Post
Posted at Feb 07 01:47 PM

The EU's plans for the upcoming Africa summit in Brussels include the launch of an ‘ambitious’ package, after its Global Gateway pledge to mobilize up to €300 billion. But divisions within the bloc on how much and what to fund risk reducing it all to a simple rebranding of existing project allocations, observers warn. Read more »

BSP eyes more incentives for banks to boost sustainable finance shift

ABS-CBN News
Updated as of Jan 17 09:55 AM

The Bangko Sentral ng Pilipinas on Monday said it was eyeing the possibility of extending more regulatory incentives for banks that "embrace" sustainable financing. Read more »

BPI unveils 'all-in' home loan financing product

Jessica Fenol, ABS-CBN News
Posted at Dec 14 02:43 PM

With the average housing loan of P3.5 million, clients won't need to pay the 3 percent finance charge or around P105,000 upfront using the "all-in" product. Read more »

MPTC eyes green financing to payoff CALAX loans

Warren De Guzman, ABS-CBN News
Posted at Dec 06 07:15 PM

Metro Pacific Tollways Corp on Monday said it is hoping to use green financing to partly pay for loans used for the construction of the Cavite Laguna Expressway or CALAX. Read more »

Banks urged to keep real estate lending 'a priority'

ABS-CBN News
Posted at Dec 02 01:07 PM

The Bangko Sentral ng Pilipinas said Thursday real estate lending should remain a priority for banks. Read more »

Financing platform offers loans to college students

Jaehwa Bernardo, ABS-CBN News
Posted at Nov 25 04:50 PM

A financing platform said Thursday it was offering "affordable" loans for Filipino college students, partnering with several universities in the country in the process. Read more »

Business leaders optimistic COP26 visions will become reality

Ross Kerber and Simon Jessop, Reuters
Posted at Nov 08 02:13 PM

A week into the United Nations' high-profile climate conference in Glasgow, executives and financial analysts said they are optimistic the talks will lead to changes needed for business to play a bigger role in tackling climate change. Read more »

Focus turns to climate finance after flurry of COP26 pledges

Elizabeth Piper and Andrea Januta, Reuters
Updated as of Nov 08 11:52 AM

Governments will push for agreement on Monday on how to help vulnerable countries deal with global warming and compensate them for damage already done, a test of whether developing and rich nations can end a standoff over cash for climate change. Read more »

PH signs COP26 coal phase-out deal but...

Biena Magbitang, ABS-CBN News
Posted at Nov 05 08:04 PM

The Philippines is among more than 40 countries at COP26 that have committed to shift away from the world’s dirtiest fossil fuel, a move the COP26 President Alok Sharma said put the ‘end of coal in sight’. Read more »

Housing demand still high despite pandemic: stakeholder

ABS-CBN News
Updated as of Oct 27 03:49 PM

The housing market remains strong despite the pandemic due to high demand and with interest rates still at record lows, Subdivision and Housing Developers Association chairman Rosie Tsai told ANC Wednesday. Read more »

ADB boosts 2019 - 2030 climate financing goal to $100B

David Lawder, Reuters
Posted at Oct 13 08:36 AM

The plans, disclosed by ADB President Masatsugu Asakawa in an interview with Reuters, increase a previous $80 billion goal for climate financing for developing countries in Asia for the decade announced in 2018. Read more »

BSP approves $4.66B public sector foreign borrowings in Q3

ABS-CBN News
Posted at Oct 12 11:21 AM

The Monetary Board has approved a total of $4.66 billion public sector foreign borrowings in the third quarter of 2021, the central bank said Tuesday. Read more »

PAL secures US court nod to access $505 million financing

ABS-CBN News
Posted at Oct 01 05:11 PM

Philippine Airlines has received a US court approval to access $505 million in debtor-in-possession financing, it said said Friday. Read more »

4 values to help keep your kids become future-ready

Lady's Choice
Updated as of Aug 23 06:00 PM

Collaborative parenting is a style of parenting that promotes co-creation with kids and involves them in simple day-to-day choices. Read more »

Tech seen needed vs money laundering

Bruce Rodriguez, ABS-CBN News
Updated as of Aug 11 11:30 AM

Financial industry business leaders believe the Philippines can improve its anti-money laundering status with the use of technology and automation. Read more »