The Land Bank of the Philippines (LANDBANK) approved loans amounting to P2.11 billion in loans from January to December 2021 to assist 78 public transport operators purchase 810 brand-new and modern public utility jeepneys (PUJs). The loans were approved under the LANDBANK SPEED-PUV (Special Package for Environment-Friendly and Efficiently-Driven Public Utility Vehicles) Loan Program, which are 177% higher than the …
Read More »
Sharp rise in the prices of oil and food will be experienced by various Asian economies due to the Ukraine-Russia war, with the Philippines expected to be badly hit, according to the Japan-based global investment firm Nomura. “Although ongoing geopolitical tensions between Russia-Ukraine can hurt Asia through multiple channels, such as tighter global financial conditions, elevated uncertainty and the risk …
Read More »
Finance Secretary Carlos Dominguez III is luring American businessmen to invest in Philippine mass media and telecoms as soon as foreign restrictions are dismantled by an antiquated law’s amendment which is awaiting the President’s signature. Dominguez told an online economic briefing hosted by the Philippine Embassy in Washington, DC, that the amendments pushed by the economic team in the antiquated …
Read More »
The stock market spiraled down after Russia invaded Ukraine, sending jitters to investors even as war loomed for weeks. Philstocks Financial analyst Japhet Tantiangco said the local bourse plunged as it joined its regional peers in negative territory amid the war between Russia and Ukraine. “The local market tanked after Russian President Valdimir Putin announced that he is launching a …
Read More »
The Philippines signed a €30-million (about 1.71 billion) worth of financing agreements with the European Union (EU) for two new programs to boost the country’s disaster preparedness and improve Bangsamoro region’s local agricultural production and investment climate. Finance Secretary Carlos G. Dominguez III and EU Ambassador Luc Véron exchanged the signed financing agreements that will support the “National Copernicus Capacity …
Read More »
The government is pushing for more innovative solutions to deal with rising oil prices, while expecting the Ukraine-Russia conflict to put further pressure on the commodity’s global costs. The National Economic and Development Authority (NEDA) said oil supply and prices are out of the hands of the Philippines being a net importer of the commodity. Brent crude, the basis for …
Read More »
More Filipinos can simultaneously grow their money and contribute to various socio-economic development initiatives in the country through the Bureau of the Treasury’s (BTr) Retail Treasury Bonds Tranche 27 due 2027 or RTB-27 issuance, which are available via the online investment channels of the Land Bank of the Philippines (LANDBANK). Launched on February 15 with the theme, “Mula sa Puso, …
Read More »
State-run Land Bank of the Philippines (LANDBANK) has joined hands with agro-industrial company Charoen Pokphand Foods Philippines (CPFP) Corporation to support hog, poultry, and aqua raisers expand their business operations. LANDBANK will provide financing support to CPFP’s clustered farmer-fisher groups; cooperatives; micro, small, and medium enterprises (MSMEs); and other agri-enterprises for the acquisition and construction of bio-secured buildings and other …
Read More »
Pakistan International Container Terminal (PICT) achieved a new operational milestone with its recent handling of Messina Line’s Jolly Quarzo, the first ro-ro vessel to call the terminal. This marks the resumption of ro-ro services at the Port of Karachi after 20 years. Khurram Aziz Khan, PICT chief executive officer, witnessed the inaugural ro-ro operation at the terminal together with Karachi …
Read More »
The Progressive Women Agrarian Reform Cooperative (PWARC) has grown from a small organization in this remote Capiz town, into a successful and thriving cooperative that provides financial access to support its farmer-members. PWARC was officially established in 1999, with the co-op’s headquarters located in the Municipality of Dumarao, Capiz. In 1998, PWARC was initially formed by 20 female founding-members from …
Read More »
The Market Monitor Minding the Nation's Business