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Megawide signs P2.9-B loan deal for hospital project

megawide

A consortium led by Megawide engineering and construction group has signed a P2.9-billion loan deal with state-controlled banks to build a new 700-bed Philippine Orthopedic hospital under the public-private partnership (PPP) framework.

Posted: October 4th, 2014 in Headlines,Latest Business Stories | Read More »

Parent infuses cash into AirAsia PH

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Air Asia X A330-300_

Malaysia’s AirAsia Berhad, one of the largest budget carriers in the region, extended an $18-million loan (P788 million) to its Philippine unit, which it said would post a profit by the second half of 2014, according to a top official and regulatory filings.

Posted: August 29th, 2014 in Headlines | Read More »

PH banks taking out less loans from BSP

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Loans from the central bank’s rediscounting facility continued to shrink at the end of March of this year because of the cheap cash now circulating in the local financial system.

Posted: April 12th, 2014 in Headlines | Read More »

SME growth hobbled by credit constraints

Small businesses, which account for more than a third of economic activity in the Philippines, cannot thrive without proper access to credit from formal sources, the Asian Development Bank (ADB) said in a new report.

Posted: April 5th, 2014 in Headlines | Read More »

PBCom settles PDIC loan

pbcom

Philippine Bank of Communications has graduated from a 10-year government assistance program with the full settlement of a P7.6-billion loan from the state-owned Philippine Deposit and Insurance Corp.

Posted: March 27th, 2014 in Latest Business Stories | Read More »

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