GSIS suspends processing of housing loan applications
The Government Service Insurance System (GSIS) suspended its housing loan program, but GSIS president and general manager Robert Vergara said that it is not because of the agency’s financial status but to focus on other types of loans it can offer to members. Vergara said agencies like the Home Development Mutual Fund (HDMF) or Pag-IBIG [...]
May 28, 2011
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Tags: Government, GSIS, HDMF, home mortgage, Housing loan, housing program, Loans · Posted in: Announcement, Consumers, economy, Government, Housing, Philippine business news, Philippines, Poverty
Globe puts up first mobile microfinance bank
Globe Telecommunications, Inc., together with sister company Ayala Corp., is all set to put up the Philippine’s first mobile microfinance banking unit. That is because the Banko Sentral ng Pilipinas approved the Globe and Ayala’s entry into the banking industry. The new bank, will be called “BPI Globe Banko, A Savings Bank” will be using [...]
October 12, 2009
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Tags: Ayala, Banks, BPI, BPI Globe Banko, BSP, Business, business loans, capitalization, entrepreneur, financing, funds sources, Globe, Loans, microfinancing, mobile financing, NGOs, Philippines, SMEs · Posted in: Announcement, banking, Employment, finance, investments, Loans, money, Philippine banks, Philippine business news, Philippines
ADB approved $500 M loan to the Philippines
The Philippines gets fresh funds as the Asian Development Bank (ADB) approved a loan $500 million to the country. The loan is said to help boost the Philippines’ fiscal spending amid the global economic recession. It is the first loan to be released under the ADB’s Countercyclical Support Facility (CSF) established in June to help [...]
August 24, 2009
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Tags: $500-million loan, ADB, CSF, finance, funding, Loans, money, Philippines · Posted in: Announcement, finance, Government, Loans, money, Philippine business news, Philippines
