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Philippines

Philippine economy set to grow by 4 per cent...

The ADB expects the Philippine economy to grow 4 per cent this year and 4.5 per cent next year, citing an improved export performance and an increase in domestic consumption as key factors. Although the figures were slightly lower than...

Development Bank of the Philippines opens P5 billion factoring...

The state-owned Development Bank of the Philippines (DBP) has set aside an initial P5 billion for its factoring facility as…

#bank#funding#receivables


P40bn available to grow SME businesses

Small- and medium-sized enterprises (SMEs) make up an overwhelming 99.6 per cent of all firms in the Philippines. They provide…

#bank#exporters#interest rates


Central bank relaxes requirements for banks lending to SMES

The policy-making body of the Bangko Sentral ng Pilipinas is waiving the reporting requirements for banks making certain un-restructured loans…


Plea to government for increased SME funds under existing...

The government has been asked by the Davao City Chamber of Commerce to increase available funds to the two existing…


Brunei keen to invest more in Philippines, SMEs to...

Brunei is keen to invest more in the Philippines, as a means to further develop the Brunei Darussalam-Indonesia-Malaysia-Philippines East Asian…

#ADB#Asian Development Bank#bank


Government allocates P30bn for SMEs

Malacanang is planning to grant P1 million for each town in the Philippines as part of its P30 billion lending…

#banks#risk#SME lending


US funds sought for matchmaking plan to help Filipino...

The Small and Medium Business Development Foundation (Philsmed) is seeking funding from the United States Agency for International Development (USAid)…


DTI to relax collateral requirements on SMEs

The Department of Trade and Industry will relax the collateral requirement on microbusinesses and small and medium enterprises (SMEs) for…

#assignment#risk#smes


Financing and factoring firm lists shares on PSE

The Philippine Stock Exchange marked its first full week of trading this year with the listing of Makati Finance Corp.,…

#investment#receivables


Government loan support for SMEs

The Small Business Guarantee and Finance Corp. (SB Corp.), the lending arm of the Department of Trade and Industry for…

#bank#exporters#guarantees

Risk weighting for bank loans to SMEs reduced in...

The Philippine Monetary Board approved on 21 November 2002 a lower risk weight for banks’ SME and micro-finance loan portfolios…

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