Loan negotiations between the World Bank and the Department of Finance started last May 12. ; “[Guerrero] has already signed the letter to the Department of Budget and Management for the issuance of a forward obligation authority for the project, a requirement for loan negotiation. The BOC will also issue a customs special order creating the project management unit tasked to oversee implementation and ensure that project objectives, along with specifications and standards set, are met during construction, deployment and implementation. A special bids and awards committee shall also be constituted for procurement of different components of the project,” the country’s second biggest revenue agency said. ; Based on earlier World Bank documents seen by the Inquirer, the board of the Washington-based multilateral lender is expected to approve the loan on July 7.
Yoo Ha-jin, 27, looks at a building where she lives in Seoul, South Korea, Feb 21, 2023. REUTERS/Kim Hong-Ji/File photo
MANILA, Philippines —The Department of Transportation and Philippine National Railway recently opened their South Commuter Rail’s site office and a 15-hectare integrated pre-cast yard in Santa Rosa, Laguna, signaling the start of permanent works at the 12.8-kilometer Laguna railway project. The Laguna railway project, covered by PNR South Commuter Rail contract package (CP)-05, forms part of the 147-km North-South Commuter Railway (NSCR) system connecting Clark in Pampanga and Calamba, Laguna. ...
MANILA, Philippines — As part of efforts to crack down hard on illegal investment schemes, the Securities and Exchange Commission (SEC) has filed a criminal complaint against another set of individuals, this time a casino junket operator and his allies. The corporate watchdog on Friday said it had filed the complaint against Hector Pantollana, the alleged leader of the Philippine National Esports League, Horizon Players Club, and Team Z, before the Department of Justice (DOJ). Also implicated were 27 other leaders of the casino junket operati ...
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through loans from the Development Bank of the Philippines and Philippine Business Bank. The four other vessels will be... do for the country,” says Santos, a self-proclaimed “lobbyist....
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Households and businesses had huge appetite for loans in the third quarter but faced tight credit standards from banks
Leading PH financing company, Global Dominion achieves yet another remarkable milestone in its recent loan releases that reached 1 billion pesos in just one month (October 2024). This beats its former record of 980 million pesos. “We’ve only just begun,” said its president & managing director Patricia Poco-Palacios. With more than 116 branches and marketing offices nationwide, Global Dominion aims to be of service to more Filipinos through its accessible and innovative loan products and services. ...