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 in only 10 months, officials said.
The Small Business Corp. (SB Corp.) has surpassed its full-year target of P1.6bn (US$28.9m) in terms of lending and guarantees in only 10 months, officials said.
The Department of Trade and Industry (DTI) has devised a new loan package that would help small- and medium-sized enterprises (SMEs) continue operating even if their capital has been tied up to months of receivables from leading supermarkets and g
The Planters Development Bank (PDB) announced on Thursday (30 October 2003) that they would be allotting P2bn (US$36m) in new lending activities to small- and medium-sized enterprises (SMEs) in Mindanao.
The International Finance Corp. (IFC), the financing arm of the World Bank, is willing to provide financing for small- and medium-sized enterprises (SMEs), Trade and Industry Secretary Manuel A. Roxas II, said on Friday (31 October).
The Development Bank of Philippines (DBP) has revived an instant working capital financing programme with a P5bn (US$90m) fund in loans that enables small- and medium-sized enterprises (SMEs) to obtain credit without going through a rigorous appli
The Securities and Exchange Commission (SEC) has approved PCI Leasing and Finance Inc.'s (PCILFI) application to register P100 million worth of short-term commercial paper (STCP).
The banking industry's effort to dispose of its bad assets via the special purpose vehicle route is doomed to fail should Congress fail to pass the securitisation bill, said a Bangko Sentral ng Pilipinas (BSP) source.
The US Overseas Private Investment Corp. (OPIC) has offered to back as much as $1 billion in future borrowings of Philippine companies, to help lower the cost of these debts, said Finance Secretary Jose Isidro Camacho yesterday (20 October).
The government released some P15 billion in loans to small- and medium-sized enterprises (SMEs) from January to September this year under the SME Unified Lending Opportunities for National Growth (Sulong) programme.
The small- and medium-sized enterprises (SMEs) only took up about 15 per cent of the total funds released to the sector by the country's banking system.