The National Economic and Development Authority (Neda) Board chaired by the President has given its go-ahead to modernize and automate processes at the Bureau of Customs (BOC). ; Socioeconomic Planning Undersecretary Jonathan L. Uy said the Neda Board’s approval of the P5.4-billion Philippine Customs Modernization Project was secured last May 13. ; Customs Commissioner Rey Leonardo B. Guerrero told the Inquirer that the BOC was “hoping to have the project started soon,” although they were still awaiting approval of the World Bank loan.
Requirements ; Bank statements* (Guide to download bank statements) ; Tax Returns* (Guide to request your tax transcripts for free) ; LEDC application form ; Collateral and other requirements may apply
The Supreme Court declared as void another escalation clause, which authorizes the lessor, seller, or some other party to raise the base price up to a fixed percentage, in view of specified cost increases, in Spouses Limso v. Philippine National Bank. In this case, Spouses Robert and Nancy Limso (“Spouses Limso”) and Davao Sunrise Investment and Development Corporation (DSIDC) took out a P700-million loan, consisting of a revolving credit line of P300 million and seven-year long-term loan of P400 million. It is secured by real estate mortga ...
The Bangko Sentral ng Pilipinas (BSP) wants small cooperatives and small businesses to have better access to loans that...
How to apply · Forms · Eligibility · Use of proceeds · Loan amount/limit · Interest rate and fees · Lending criteria · Collateral · Participation requirements · Loan terms
The embattled MFT Group led by CEO Maria Francesca “Mica” Tan is not about to throw in the towel even with the cease-and-desist order slapped against it. This as lawyer Rey Villegas, a private creditor of the MFT Group’s The Foundry, has urged the Securities and Exchange Commission (SEC) to lift the order against the companies, saying that “honoring their loan obligations has been the foundation of the long-standing private transactions by the shareholders with their creditors.” ...
Housing and revenue authorities have agreed to simplify as well as fast-track issuance of tax perks for government-led socialized housing projects. Specifically, the Bureau of Internal Revenue signed a memorandum of agreement (MOA) with the Housing and Urban Development Coordinating Council and the National Housing Authority to “streamline, facilitate and prioritize the processing and issuance of the BIR’s certificate of tax exemption (CTE) for transfers to the NHA of raw land intended for socialized housing projects,” the BIR said in a s ...
The Philippines and Japan are planning to sign early next year the second loan agreement for the country’s first subway system, the Department of Finance (DOF) said. During last week’s Philippines-Japan Joint Committee on Infrastructure Development and Economic Cooperation online meeting, the two sides committed to approve the next financing tranche for the first phase of the Metro Manila Subway by the first quarter of 2021, the DOF said in a statement on Saturday. The P356.9-billion, 25.3-kilometer subway belonging to the Duterte administr ...
Columnists | Inquirer Business ; Can indigenous technology change the way our cities are designed? ; Coping with COPD ; Harnessing the power of human capital: Building a prosperous PH future ; A challenging site for a green home ; Demand for upscale, well renowned projects on the rise ; The grandeur of Uli, the stillness of Sirom ; Dictionary of bank loans ; Lower interest rates not enough for top-performing property stocks ; Longevity and beauty in Yakisugi ; Dreaming of an alternative building...
region’s development and evolving culture. We’re... a business, or send their kids to school. As of end-February 2024, Landbank’s outstanding loans to the cooperative sector...