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Pag-IBIG: Higher contributions from members sustained low interest rates

ABS-CBN News
Posted at Jul 18 11:06 PM

The country's home development mutual fund Pag-IBIG is keeping interest rates low for its housing programs.  Read more »

Banks bullish on growth of sector, PH economy: BSP survey

ABS-CBN News
Posted at Jun 13 03:45 PM

Banks remain bullish about the growth of the industry and the expansion of the Philippine economy, the Bangko Sentral ng Pilipinas said Thursday.  Read more »

Australia to step up challenge to China in Pacific with new investment

Colin Packham, Reuters
Posted at Jun 13 03:18 PM

Australia will soon offer millions of dollars in funding for infrastructure projects in the Pacific, two sources familiar with the plan told Reuters, as part of its efforts to undercut Chinese influence.   Read more »

Costs to Consider Before Getting a Personal Loan

Moneymax.Ph
Posted at Jun 05 02:35 PM

Choosing the best personal loan isn’t as simple as comparing interest rates and monthly installments. Read more »

Richest black man in US to pay off graduating class's student debt

Audra D.S. Burch, The New York Times
Posted at May 20 11:02 AM

Robert F. Smith, the billionaire investor who founded Vista Equity Partners and became the richest black man in America, told the crowd that he and his family would pay off the entire graduating class’s student debt. Read more »

China repeating mistakes of past international creditors: civil society group

ABS-CBN News
Posted at Apr 28 06:29 PM

Nacpil said that while China offers lower interest rates for its loans compared to market rates, commercial banks would never tell borrowers what company to hire or which nationalities should work on a project. Read more »

Philippine push in sea row with China should continue after polls: analyst

ABS-CBN News
Posted at Apr 28 02:47 PM

The Philippines' pushback against China's intrusion in disputed waters should be sustained even after the May midterm elections, a maritime law expert said Sunday. Read more »

Supreme Court asks gov’t to respond to petition vs China loan deal

Arianne Merez and Mike Navallo, ABS-CBN News
Posted at Apr 10 04:18 PM

Malacañang said it would respond to the petition, confident that the loan agreement would pass the high tribunal’s scrutiny. Read more »

China took what is 'ours', Foreign Affairs chief says of West PH Sea

ABS-CBN News
Posted at Apr 10 01:42 PM

Foreign Affairs Secretary Teodoro Locsin Jr. said Wednesday that the West Philippine Sea "is ours" and that China, from whom President Rodrigo Duterte sought investments and loans, "took it."  Read more »

The downfall of Jet Airways: How India's premium airline crumbled

Anshuman Daga and Aditi Shah, Reuters
Posted at Apr 10 07:24 AM

In early January, Jet Airways and its main lender, State Bank of India, met with aircraft lessors to assure them there was a plan to rescue the debt-laden carrier so it could pay them, sources familiar with the matter said.   Read more »

'China layas': Activists slam Beijing incursion, loans in Day of Valor protest

ABS-CBN News
Updated as of Apr 09 08:15 PM

Hundreds of activists on Valor Day trooped to the Chinese Embassy in Makati, chanting angrily against Beijing's incursions in disputed waters and its allegedly onerous loans to the Philippines.  Read more »

Debt trap? Filipino-Chinese business group downplays concerns on China loans

ABS-CBN News
Posted at Apr 08 10:47 PM

A Filipino-Chinese business group calls on the public to give China a chance to show its deals with the Philippines will ultimately benefit the country. Read more »

Gov't defense of China 'suspicious', says analyst

Angel Movido, ABS-CBN News
Posted at Apr 07 04:35 PM

The Philippine government's defense of its loan deals with China breeds suspicion and mistrust among the public against the economic giant, a maritime law expert said Sunday. Read more »

BPI ramps up sustainable energy financing program

ABS-CBN News
Posted at Apr 04 11:45 PM

The Bank of the Philippine Islands expects its sustainable energy financing program to be its single fastest growing loan segment in the coming years, especially as more of its clients become more environmentally conscious. Read more »

Deals review ordered by Duterte should include Chinese loans, says group

ABS-CBN News
Updated as of Apr 04 10:13 AM

President Rodrigo Duterte's order for government agencies to review contracts with private firms and foreign entities should include his administration's loan deals with China, progressive group Bagong Alyansang Makabayan (Bayan) said Thursday.  Read more »

ECCP says investors should not be concerned over review of PH gov't contracts

ABS-CBN News
Posted at Apr 04 12:03 AM

As far as foreign investors are concerned, there's nothing to worry about the Philippine government's review of its existing contracts. Read more »

Duterte orders review of all gov't contracts

ABS-CBN News
Posted at Apr 03 12:19 AM

President Rodrigo Duterte ordered a review of all government contracts, including recent Chinese loans, amid concerns over some possible onerous provisions. Read more »

'No faith in country': Finance chief hits critics fearing default on China loans

ABS-CBN News
Updated as of Apr 02 07:49 PM

The Philippines has never defaulted on its loans and those who keep raising this possibility have no faith in their country, said Finance Secretary Carlos Dominguez on Tuesday.  Read more »

Pag-IBIG considering contribution hike as loan demand rises

Alvin Elchico, ABS-CBN News
Posted at Apr 02 04:35 PM

Informal consultations with stakeholders will be held and should the increase push through, it could take effect in 2021, said Pag-IBIG president and CEO Acmad Moti. Read more »

Sandiganbayan to proceed with graft trial vs ex-DOST chief over P15.78M car loans

Adrian Ayalin, ABS-CBN News
Posted at Apr 02 03:40 PM

MANILA - Former Science Secretary William Padolina has failed to convince the Sandiganbayan 6th Division to suspend proceedings in his graft cases involving allegedly anomalous P15.78 million in car loans in 2008.  Read more »