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Philippines

Trade secretary says he will focus on SME development

The growth of small- and medium-sized enterprises (SMEs) and the retention of existing investments in the country amid stronger competition from abroad will be the main focus of newly appointed Trade Secretary Cesar Purisima in his six months in the...

#economy#i#smes

Exports, investments seen growing this year

Incoming Trade and Industry Secretary Cesar A.V. Purisima said he was optimistic that exports and investments would grow this year…

#exports#investment#smes


Small Business Corp raises 2003 lending target to P2bn

The Small Business Corp. (SB Corp.) has surpassed its full-year target of P1.6bn (US$28.9m) in terms of lending and guarantees…


New receivables-backed loan package for small business

The Department of Trade and Industry (DTI) has devised a new loan package that would help small- and medium-sized enterprises…


Planters Development Bank to release new loans to Mindanao...

The Planters Development Bank (PDB) announced on Thursday (30 October 2003) that they would be allotting P2bn (US$36m) in new…

#bank#interest rates#international


IFC willing to finance SMEs

The International Finance Corp. (IFC), the financing arm of the World Bank, is willing to provide financing for small- and…

#bank#interest rates#international


Development Bank of Philippines provides P5bn factoring fund for...

The Development Bank of Philippines (DBP) has revived an instant working capital financing programme with a P5bn (US$90m) fund in…

#bank#conference#smes


PCI Leasing to issue P100m short-term commercial paper

The Securities and Exchange Commission (SEC) has approved PCI Leasing and Finance Inc.'s (PCILFI) application to register P100 million worth…


Banks' efforts to dispose of bad assets may fail...

The banking industry's effort to dispose of its bad assets via the special purpose vehicle route is doomed to fail…


US OPIC offers to back $1 billion future debts

The US Overseas Private Investment Corp. (OPIC) has offered to back as much as $1 billion in future borrowings of…


Small business loans P15bn in September

The government released some P15 billion in loans to small- and medium-sized enterprises (SMEs) from January to September this year…


Only 15% of SME's get loans from banks

The small- and medium-sized enterprises (SMEs) only took up about 15 per cent of the total funds released to the…

#bank#guarantees#interest rates

IFC offers US$300m swap facility for SMEs

The Monetary Board, the policy-making body of the Bangko Sentral ng Pilipinas (BSP), has approved in principle the offer of…

#bank#international#risk

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