The Bangko Sentral ng Pilipinas (BSP) and the Japan International Cooperation Agency (Jica) have jointly launched the Credit Risk Database Scoring Model to help lenders better assess the creditworthiness of small and medium enterprise borrowers, including those without credit history or adequate collateral. According to BSP Governor Felipe Medalla, this latest tool for banks was intended to bridge the funding gap for micro, small and medium enterprises (MSMEs) while enhancing the credit risk management of financial institutions using a data-dri ...
has assured members of the country’s largest business... Public Service Act and passage of the Public-Private... The government also improved access to finance for Filipino micro, small...
MANILA -Local companies are fortifying their cyber defenses to support remote working, which has become a preference for many employees since the onset of the pandemic that barred mobility, according to an enterprise cloud provider. Trend Micro Philippines country manager Ian Felipe, in an interview with the Inquirer, said that organizations “showed improvement in their cyber preparedness levels” as “robust cybersecurity enables Filipino employees to work from anywhere securely and efficiently.” ...
MANILA, Philippines—The Bangko Sentral ng Pilipinas (BSP) wants small cooperatives and small businesses to have better access to loans that could help scale up their operations and, in doing so, improve the economic condition of more Filipinos. The BSP and the Cooperative Development Authority (CDA) have agreed to work closer together to better implement the provisions of the Credit Surety Fund Cooperative Act that became law in 2015. “The central bank is committed to support the development of the credit surety fund as a vital credit infra ...
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About 40 percent of small business owners think 2024 will be a “make or break” year for their business, according to a survey by messaging service Slack.
The Bureau of the Treasury will auction off an initial P30 billion in five-year retail treasury bonds (RTBs) on July 16 before making them available to small investors through a new app and other online channels. On top of selling to new investors, the Treasury will also swap the new fixed-rate RTBs with two previously issued 10-year RTBs maturing on Aug. 19 and March 3 next year, as well as two fixed-rate treasury notes maturing on Aug. 20 and March 20, 2021, the notice of offering posted on the Treasury website on Friday showed. ...
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