Business

The Bangko Sentral ng Pilipinas (BSP) has provided banks with elbowroom in financing priority projects with its directive excluding loans guaranteed by Multilateral Financial Institutions (MFIs) from the loan cap to subsidiaries and affiliates.

State-owned Development Bank of the Philippines (DBP) recently granted a P78-million term loan to UGEP Solar 1 Inc. (UGEP Solar) to finance the construction and installation of two photovoltaic rooftop solar power projects with a combined output of 2.1 megawatt peak (MWp).

United Coconut Planters Bank (UCPB ) lent a hand to Operation Smile Philippines Foundation Inc. in providing free surgeries for 150 children with cleft lip and cleft palate in a mission to held at the Metro Davao Medical and Research Center last November 20 to 24.

The Bureau of Internal Revenue (BIR) posted P17.7 billion in excise tax collections from so-called sin products in last September, up 12 percent from P16.67 billion a year ago.

A PayPal research showed digital payments is having a big impact on improving the financial situation of local consumers and businesses.

By Riza Lozada There would be no repeat during the holiday season of the tight port traffic of 2014 when container cargoes were stranded at the Manila ports that mainly resulted from the Manila city government’s strict truck ban, the Philippine Ports Authority (PPA) said.

SM scholars enrolled in technical vocational courses at Don Bosco Training Center in Mati, Davao and Naga City recently completed training in machining, welding, general electrician and automotive.

Fast-growing retail firm Jenra inaugurated its fifth supermarket branch last Oct. 27 in a bid to widen its reach and cater to all of Pampanga.

Life insurer FWD Life Philippines recently launched a dollar-denominated single-payment insurance protection and investment plan called “US Dollar All Set Higher” which gives customers the opportunity to take advantage of the long-term growth potential of international economies while giving them lifetime insurance protection.

By Riza Lozada Rural banks (RBs) should expand their services to more small businesses as many local entrepreneurs still need access to reasonable loan packages that can help them grow their business, Senator Bam Aquino said during his speech at the 60th Charter Symposium of the Rural Bankers Association of the Philippines (RBAP) recently.