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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 »

Globe Telecom taps P7-B Landbank loan

Globe Telecom Inc. is tapping long-term debt to finance capital expenditures next year, a filing Thursday at the Philippine Stock Exchange showed.

Posted: December 5th, 2013 in Headlines | Read More »

Century Property taps P4.2B in dual currency loan

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Century-properties

Property developer Century Property Group has tapped a dual-currency term loan facility worth P4.2 billion to curb borrowing cost and boost funding for its residential projects.

Posted: June 12th, 2013 in Latest Business Stories | Read More »

PH gets $300M WB loan for poverty reduction

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The World Bank has approved the extension of a $300-million loan to the Philippines to support the country’s efforts to attract investments and reduce the incidence of poverty.

Posted: March 21st, 2013 in Headlines | Read More »

Pepsi-Cola gets P1B term loan from Metrobank

Beverage-maker Pepsi-Cola Products Philippines Inc. (PCPPI) has tapped a P1-billion term loan from Metropolitan Bank and Trust Co. to fund capital spending for this year.

Posted: March 14th, 2013 in Headlines | Read More »

Toledo Power obtains P7-B loan for new power plant

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toledo

Toledo Power Co., a subsidiary of the Metrobank group’s Global Business Power Corp., has secured a P7-billion loan to fund the ongoing construction of its 82-megawatt coal-fired power plant in Toledo City, Cebu.

Posted: March 8th, 2013 in Latest Business Stories | Read More »

Globe secures $75-M loan to fund growth

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Ayala-led Globe Telecom has tapped a Japanese bank to fund part of its nationwide network modernization for 2013, the company said on Thursday.

Posted: March 7th, 2013 in Headlines | Read More »

Maynilad to borrow P6B

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Water concessionaire Maynilad Water Services Inc. is borrowing P5 billion to P6 billion this year to fund new projects and pre-pay certain loans to take advantage of the low interest rate environment.

Posted: February 5th, 2013 in Headlines | Read More »

First Pacific extends $200M loan to Philex Mining

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first-pacific

Hong Kong-based First Pacific Co. Ltd. has extended a $200-million loan to Philex Mining Corp. to pave the way for the resumption of mining operations at the Padcal mine in Benguet.

Posted: November 19th, 2012 in Latest Business Stories | Read More »

Philippines to repay China loan for stalled railway

INQUIRER.net File Photo

Interior Secretary Mar Roxas said the Philippine government will comply with a Chinese demand for repayment of a $500 million loan for a stalled railway.

Posted: September 25th, 2012 in Latest Business Stories | Read More »

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