SEC shutters five more online lending firms

Doris Dumlao-Abadilla 02/09/2022

The Securities and Exchange Commission (SEC) has ordered the immediate shutdown of five online lending operators that are offering loans to the public without any authority or even corporate vehicle to do so. In an order issued…

Damaged resorts in Cebu Province may get loans from gov’t banks

Delta Dyrecka Letigio 01/08/2022

CEBU CITY, Philippines — Resorts in Cebu Province that sustained damages from Typhoon Odette will have a chance to rebuild again. Governor Gwendolyn Garcia said that the Capitol is in negotiations with the Landbank of the Philippines…

Cebu Province is now debt-free proclaims Gwen

Mae Fhel Gom-os 08/06/2021

CEBU CITY, Philippines – With no existing loans or financial obligations from any institution, and with surging assets and increasing income, you can’t really blame Cebu Governor Gwendolyn Garcia to feel extra proud these days. Garcia announced…

Mabatid offers assistance to jeepney drivers to get loans

Delta Dyrecka Letigio 04/30/2021

CEBU CITY, Philippines — Cebu City Councilor Prisca Niña Mabatid has expressed her support to the Jeepney Task Force’s appeal to Mayor Edgardo Labella to reopen all routes in the city. Aside from this, she is offering the…

Schools get loans for ‘study now, pay later’ plan

Ben O. de Vera - Philippine Daily Inquirer 07/07/2020

The state-run Land Bank of the Philippines (Landbank) has provided loans to three private educational institutions on top of more than 80 in the shortlist with “study now, pay later” programs to be made available to students…

BSP: No interest on loans during ECQ, MECQ period

Daxim L. Lucas 05/22/2020

The Bangko Sentral ng Pilipinas (BSP) on Thursday reminded lending institutions that they are prohibited from charging interest on interest, fees and charges—such as late payment fees—on all loan payments falling due within the ongoing quarantine period.…

Gov’t sets another 30-day grace period on loans, rent

Julie M. Aurelio 05/08/2020

Borrowers, tenants and lessees have another 30 days after the lifting of the community quarantine to pay their loans and rent, the Inter-Agency Task Force (IATF) on Emerging Infectious Diseases said in its Resolution No. 33 approved…

Utilities, banks, city government to give reprieve on payments

Delta Dyrecka Letigios 03/18/2020

CEBU CITY, Philippines — Utility companies, banks, and the city government will be giving deadline extensions to the public for the payment of bills, loans, and taxes. Mayor Edgardo Labella revealed that the Metropolitan Cebu Water District…

Ban lifted on loans from 18 countries

Leila B. Salaverria - Inquirer.net 03/05/2020

MANILA, Philippines — Malacañang is now open to getting loans and grants from countries that had backed Iceland’s resolution in the Human Rights Council seeking an investigation into the rights situation in the Philippines. A Feb. 27…

BPI to promote SME loans in Cebu and Visayas

Irene R. Sino Cruz 02/21/2019

CEBU CITY, Philippines–The Bank of Philippine Islands (BPI) targets an increase in the number of clients for its loan services for small and medium enterprises. Junie Veloso, head of BPI’s newly-formed business banking segment, said most of…

Seafarer’s loans and prohibited recruitment acts

ATTY. DENNIS GORECHO 09/10/2018

Despite the perceived high income they receive, it becomes difficult for some Filipino seafarers to make the earnings last for the period of vacation and examinations, which in recent times can be inordinately long. Not all seafarers…

Teacher’s mounting loans: whose problem is it?

Fernando Fajardo 08/23/2018

This year, the total number of permanent civilian and military/uniformed plantilla positions in the national government is about 1.71 million of which more than 1.46 million are filled and 247 thousand unfilled. Of the total number of…

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