LANDBANK approves P500-M ACADEME loans to 12 COVID-hit schools

The Land Bank of the Philippines (LANDBANK) has thus far extended loans amounting to P500 million as of October 27 this year to 12 educational institutions to assist them in…

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Dominguez tells American investors PHL is back in business

Finance Secretary Carlos Dominguez III has told the American investor community that the smaller contraction of the Philippine economy in the third quarter indicates that “the worst seems to be…

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P42.3-B credit guarantees available for pandemic-hit MSMEs

The Philippine Guarantee Corp. (PhilGuarantee) has made available P42.3 billion in credit guarantee facilities for pandemic-hit micro, small and medium enterprises (MSMEs), of which P3.6 billion is expected to benefit…

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PHL first digital-only OFBank opens 12,000 accounts in 1st 100 days

A total of 12,542 new deposit accounts were opened with P173.8 million transacted online in the first 100 days of the Philippines’ first digital-only and branchless Overseas Filipino Bank (OFBank).…

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EU commits to PHL new grants worth 150-M euros

The European Union (EU) has committed an additional 150 million euros-worth of grants to the Philippines, of which two-thirds will help finance programs to boost agricultural productivity in Mindanao and…

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Dominguez cites key role of rural banks in agri modernization

Finance Secretary Carlos Dominguez III has called on the rural banking sector to play a proactive role in transforming Philippine agriculture into a modern, high-growth sector that will help provide…

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