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 Pilipinas [...]
October 12, 2009
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, Employment, Loans, Philippine banks, Philippine business news, Philippines, banking, finance, investments, money 
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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 developing [...]
August 24, 2009
Tags: $500-million loan, ADB, CSF, finance, funding, Loans, money, Philippines Posted in: Announcement, Government, Loans, Philippine business news, Philippines, finance, money No Comments
