MANILA -The growth in lending by the Philippines’ largest banks slowed down for the sixth straight month to a nearly two-year low of 6.5 percent in September, adding credence to concerns that lukewarm private spending will lead to more subdued economic growth in the fourth quarter. Preliminary data at the Bangko Sentral ng Pilipinas show that the growth in total lending, net of short-term loans to the central bank, continued to lose momentum after reading out at 13.4 percent in September 2022 and 7.2 percent last August. ...
A private business loan is a loan issued by a nonbank lender. Private business loans are available from online and alternative financing companies.
the business community. “Hearing the feedback of the private sector, we worked with Congress to improve on its provisions to make investing in the Philippines more attractive. The CREATE...
A private business loan is funded by an alternative lender, instead of a traditional bank. Lenders may have less restrictive requirements and fund quicker.
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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.” ...
MANILA -The government is being urged to regulate the container deposit system of international shipping lines, with stakeholders noting these private companies take time to return the collected fees. ; Danny Sta. Maria, an independent customs broker and an industry veteran of 50 years, urged lawmakers to craft laws regulating the practice and compel these companies to speed up the refund process. ; International shipping lines collect these as insurance for lost or damaged containers. Deposits range from P15,000 to P20,000 per unit, depending on the size. ; “In my case, my deposits have been stagnant on their hands for four staggering months,” Sta. Maria said, noting this messes up their cash flows.
MANILA, Philippines —The Ty family-led Metropolitan Bank & Trust Co. (Metrobank) will pay record dividends of P22.5 billion to stockholders after achieving historic high earnings the past year. Metrobank, the country’s second-largest private bank, reported a significant boost in its net income for 2023, reaching P42.2 billion, which marks a 28.9-percent increase over 2022, a stock exchange filing on Thursday showed. This translated to a return on equity of 12.5 percent, higher than the 10.3 percent recorded in the previous year. ...
To help you understand how private business loans can benefit your enterprise this blog post goes over various details.
cheap loans from state banks. He said letting a private firm operate the LRT and MRT lines would give the winning company “an almost sure option to jack up fares.” He also expressed...