GANDHINAGAR, India – Multilateral development banks (MDBs) must undergo big changes in the way they operate to eliminate poverty, triple sustainable lending levels by 2030 and create a new funding mechanism to further its agenda, a G20 panel said in a report on Tuesday. The independent panel, headed by economists Lawrence Summers and N.K. Singh, was commissioned by the Group of 20 nations to propose reforms for MDBs with a focus on increasing funding for sustainable developments goals and climate change, among others. ...
When it comes to business and financing, there are numerous ways to fund a startup. Find out which one is the best funding model for your company.
IN THE HOOD There are 1.3 million “sari-sari” stores across the country serving 94 percent of Filipinos. —Contributed photo
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 ...
Imagine a vehicle mortgage loan and vehicle financing company that approves applications within minutes! · That’s exactly how the near future looks like for Global Dominion. “To be aided by artificial intelligence when it comes to scaling our credit evaluation operations is timely and much needed considering our growth in many areas in the country,” said Global Dominion Credit Head Rodrigo Matinong Jr. The company has added 32 branches this year and it aims to open more by the first quarter of next year. ...
The Asian Development Bank’s (ADB) new country partnership strategy for the Philippines will support the Marcos administration’s efforts to lift millions of Filipinos out of poverty, according to the Department of Finance (DOF). Finance Secretary Ralph Recto on Friday welcomed the launch of the lenders’s new tack for the country, describing it as a testament to ADB’s “deep understanding of our development needs in order to achieve our ultimate goal of lifting eight million more Filipinos out of poverty by the end of President Marcos J ...
New business creation has become a potent force for economicdevelopment in the United States.... A goal of the project would be research projects related to optimal sources of financing....
Productivity depends on many factors, including our workforce’s knowledge and skills and the quantity and quality of the capital, technology and infrastructure that they have to work with, said American economist Janet Yellen. The Philippines suffers from unemployment and poverty because of poor infrastructure. In a report by academic Richard Javad Heydarian for Forbes Magazine, the Japan International Cooperation Agency (Jica) found that traffic congestion in Manila, caused mainly by poor infrastructure, led to losses of about P2.4 billion i ...
Digital health insurance startup Hive Health has raised $6.5 million in a financing round led by Sy family-backed Gentree Fund, allowing it to expand its network of health-care providers and cover more small and medium enterprises (SMEs). “The fresh funds will help us grow our superstar mission-driven team, and invest in our technology platform and operations to further elevate the patient and employer experience,” Hive Health’s chief executive and cofounder Camille Ang said in a statement. ...
Financing is the process of providing funds for business activities, making purchases, or investing.