Amid problems plaguing the day-to-day commute of Filipinos, the government has scrapped a much touted bus rapid transit (BRT) line in Metro Manila having been overshadowed by slow progress, lack of will as well as the effect of the pandemic. The World Bank had agreed with the government to cancel the full undisbursed balance for the $64.6-million loan it approved in 2017 for the Metro Manila BRT Line 1 project. Only $100,000 worth had been disbursed so far from the loan that will expire this coming November. ...
He said the government might simply end up paying P15 billion—the price for the contract over five years—to the winning bidder, which will also be given tax holidays and cheap loans...
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through loans from the Development Bank of the Philippines and Philippine Business Bank. The four other vessels will be delivered by June 2016. Santos says Starlite Ferries, headed by his...
The Philippines’ dollar reserves inched down in June, partly due to foreign exchange interventions of the Bangko Sentral ng Pilipinas (BSP) to soothe the peso’s volatility. Data released by the BSP showed that the country’s gross international reserves (GIR) stood at $104.70 billion in June, slightly lower than the $105.02 billion recorded in May. Similarly, the net international reserves—or the difference between the GIR and liabilities like short-term foreign debt and loans from the International Monetary Fund (IMF)—decreased by $29 ...
Bogotá, Colombia — Colombian police moved in Thursday to break up road blockades in and around the capital on the fourth day of protests against a rise in diesel prices. Hundreds of trucks have barred roads since Monday around Bogota and other cities in a show of anger against a 20-percent increase in the price of a gallon of diesel to $2.70. Bogota Mayor Carlos Fernando Galan said on X that anti-riot police had intervened with national government approval “to lift blockades” in five critical points in and around the capital of some eigh ...
Listed Bloomberry Resorts Corp., the operator of Solaire Resorts and Casino, has obtained a P72-billion loan from four local banks to repay an existing debt as it works to improve its bottom line and ramp up operations at its newest entertainment project. In a stock exchange filing on Tuesday, the company led by billionaire Enrique Razon Jr. said the syndicated refinancing facility would replace the P73.5-billion and P20-billion loan packages that subsidiary Bloomberry Resorts and Hotels Inc. (BRHI) had received in 2018 and 2020, respectively. ...
in cheap loans to businesses, as banks raise concerns about credit risk and companies are... Official data shows a Rmb40bn PBoC-backed fund for small business loans has dispensed only...
include all social club accounts, old businesses, branch accounts, petty cash accounts and special purpose accounts – you might be surprised at the number of accounts you have ; any information on loans that you have – such as loan-break fees and early termination fees ; the financial institution you have the most transactions with
The ongoing easing cycle will boost business confidence and help speed up the recovery of... on loans—by a quarter point to 6 percent. READ: BSP delivers 25-bp rate cut; more to come...