PH banks fail to meet MSME loan mandate anew

Ian Nicolas P. Cigaral - @inquirerdotnet 09/30/2024

Rural and cooperative banks continue to lead in providing loans to micro, small, and medium enterprises (MSMEs), as the Philippine banking industry once again fell short of its lending quota for this key sector. According to the…

Shooting: Angry man shoots debt collector in San Fernando

Emmariel Ares 01/23/2024

CEBU CITY, Philippines – A furious 76-year-old man from San Fernando town, southern Cebu shot the lady collector of his lending business for neglecting her job. The man whom witnesses said was angered by the apparent negligence…

Cops eyeing business angle as motive in killing of Indian national in Lapu-Lapu

Norman V. Mendoza 10/11/2019

LAPU-LAPU CITY, CEBU, Philippines — Police are focusing on the business-related angle as the motive of the killing of an Indian national shortly before noon today, October 11, at Sitio Iba, Barangay Basak, Lapu-Lapu City. Indian National…

SEC orders shutdown of 11 illegal lending apps

Doris Dumlao-Abadilla 09/23/2019

MANILA, Philippines — The Securities and Exchange Commission (SEC) has issued a cease and desist order against 11 more illegal mobile lending applications, heeding complaints of unreasonable and abusive lending and collection practices. The order, issued on…

Law, lending offices ransacked by unknown burglars in Talisay City

Benjie B. Talisic, Raul Constantine Tabanao 02/13/2018

More than P100,000 worth of cash and several valuables were stolen from a lending shop and a law office by unidentified robbers in Brgy.Tabunok, Talisay City, Cebu on Tuesday morning. Reynaldo Sinao, 54, office staff of Villarante…

SEC to 200 lending firms: Secure license or be penalized

Victor Anthony V. Silva 03/28/2017

AROUND 200 companies engaged in lending activities in Central and Eastern Visayas are advised to secure a license to operate from the Securities and Exchange Commission (SEC) on or before April 30, 2017 or they will be…

One killed, another wounded in a hot pursuit operation in Carcar City

Rene F. Alima 02/15/2017

A robbery suspect was killed while his companion was wounded during a hot pursuit operation by Carcar City police on Tuesday afternoon. Loloy Esmaer died from gunshot wounds on his body while Jose Bryan Caballero is now…

Senate OKs on second reading resolution to ratify AIIB Treaty

11/30/2016

The Senate has adopted on second reading a resolution seeking its concurrence in the ratification of the Articles of Agreement of the Asian Infrastructure Investment Bank (AIIB). No senator objected when Senate Majority Leader Vicente “Tito” Sotto…

Alternative lending sources may solve financing woes

Victor Anthony V. Silva 06/09/2016

As access to financing remains a challenge for micro, small and medium enterprises (MSMEs) in the country despite government efforts to develop this sector, trade officials are encouraging entrepreneurs in this sector to avail of financing from…

Lending firm eyes more VisMin offices

Vanessa Claire Lucero 11/18/2015

Financial services provider Esquire Financing, Inc. plans to open more branches in the Visayas and Mindanao. The company opened its first branch in Cebu recently to cater to the small and medium enterprises (SME) sector. “Our goal…

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