The Monetary Board, the policy-making body of the Bangko Sentral ng Pilipinas (BSP), has approved in principle the offer of International Finance Corporation (IFC) to provide a cross-currency swap facility worth between US$200m and US$300m to loca
The Securities and Exchange Commission (SEC) has formed a committee to look into the activities of financing companies and to determine whether those involved primarily in direct lending should be placed under the jurisdiction of another governmen
The Asian Development Bank plans to make a loan of US$15m to the government's Philippine Export-Import Credit Agency (Philexim) to support the financing of small- and medium-scale (SME) exporters, Philexim president Joel Valdes said.
Private commercial banks, including government financial institutions, are in a scramble to service the microfinance sector and low-income households.
Despite commitments by financing institutions to fully support small- and medium-sized enterprises (SMEs), most entrepreneurs are still finding it hard to access credit and loan facilities.
PCI Leasing & Finance Inc announced yesterday (3 September) that it has repurchased an additional 77,000 of its shares on the market on 1 September at 1.30 pesos each as part of its share buy-back programme.
The Philippines' chief economic planner warned yesterday that political attacks against President Gloria Macapagal-Arroyo following last month's failed mutiny could dampen business confidence and hurt growth prospects in the second half of the yea
Outbound shipments of locally manufactured garments and textiles went up by 5.1 per cent to $1.39 billion in the first half of the year from $1.32 billion a year ago.
Some P8 million (US$145,000) from the Network Bank is available to small- and medium-size enterprises (SMEs) at low interest rates to fund cluster projects in the region.
The Asian Development Bank (ADB) has earmarked $25 million for loans for the Philippines’ small- and medium-size enterprises (SMEs).
