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$400-M ADB loan to spur employment growth

The Asian Development Bank (ADB) recently approved a $400 million policy loan to bankroll projects that would reduce the number of out-of-school and unemployed young Filipinos. The Facilitating Youth School-to-Work Transition Program, subprogram 2, supports government reforms improving the employability of young Filipinos through labor market schemes and providing easier access to on-the-job training programs. “Many young […] The post $400-M ADB loan to spur employment growth appeared first on Daily Tribune......»»

Category: newsSource: tribune tribuneDec 4th, 2019

Fitch Ratings sees loan growth recovery

Loan growth in the Philippines is likely to regain its momentum as it will be supported by the government’s investment in infrastructure and sustained consumer demand, Fitch Ratings said. “We expect a pick-up in government infrastructure spending to spur broader investment activity, amid sustained consumer demand,” the credit ratings agency forecasted in a report titled […].....»»

Category: newsSource:  manilatimes_netRelated NewsDec 5th, 2019

Piñol outlines plans to boost agriculture

Agriculture Secretary Manny Piñol yesterday said government must invest heavily in agriculture and fisheries sectors to spur economic growth and generate employment in the countryside......»»

Category: newsSource:  tempoRelated NewsOct 17th, 2016

Moody s: Approval of 2020 budget to spur economic growth

The recent approval of the 2020 national budget should help government spending recover and, in turn, supercharge economic growth this year, analysts at Moody’s Investors Service said Thursday......»»

Category: newsSource:  philstarRelated NewsJan 9th, 2020

Rate cuts spur double-digit credit growth

Credit growth picked up pace in November last year, rising by 10.1 percent as the Bangko Sentral ng Pilipinas slashed key interest rates and lowered the reserve requirement of banks.’.....»»

Category: financeSource:  philstarRelated NewsJan 9th, 2020

FMIC sees stronger growth in Q4 2019

Economic growth is expected to strengthen in the fourth quarter of 2019 as indicated by encouraging employment and poverty data as well as increased consumption during the period, according to First Metro Investment Corp......»»

Category: financeSource:  philstarRelated NewsJan 9th, 2020

ADB grants $400-m loan to reduce PH jobless rate

The Asian Development Bank approved a $400-million policy-based loan to support the Philippine government’s efforts to reduce the number of out-of-school and unemployed young Filipinos―one of the factors impeding more inclusive growth in the country......»»

Category: financeSource:  thestandardRelated NewsDec 4th, 2019

PH factory output slips to 5-mo low

GROWTH in the country’s manufacturing sector “softened” in November as production and new orders increased at a weaker pace and employment levels failed to improve, according to an IHS Markit survey. Results of the poll released on Monday showed that the seasonally adjusted manufacturing Purchasing Managers Index (PMI) slowed to 51.4 last month from 52.1 […].....»»

Category: newsSource:  manilatimes_netRelated NewsDec 3rd, 2019

Credit growth eases in October amid slump in manufacturing

Credit growth fell below double-digit level, easing to 9.3 percent in October from 10.5 percent in September amid the slower rise in loan disbursements to the production sector, according to the Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsNov 30th, 2019

Bank lending, M3 seen to pick up by end-2019

THE growth of bank lending and money supply in the country is likely to “accelerate” by the end of this year, according to an economist. In a report released late on Thursday, Security Bank Corp. Assistant Vice President and economist Robert Dan Roces said the bank expected “both loan growth and liquidity levels to accelerate […].....»»

Category: newsSource:  manilatimes_netRelated NewsNov 2nd, 2019

Robust household loans failed to lift credit growth

Strong lending for household consumption due to easing interest rates failed to translate to faster credit growth as the increase in loan disbursements remained steady at 10.5 percent in September, according to Bangko Sentral ng Pilipinas......»»

Category: financeSource:  philstarRelated NewsOct 31st, 2019

E-recruitment sentiments dip

Slowing economic expansion in the Philippines as cited by the World Bank has a knock-on impact on the labor economy, based on the latest Monster employment index for the third quarter this year. The slowdown merited a scale back on local output growth this year, measured as the gross domestic product, forecast by the World […] The post E-recruitment sentiments dip appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsOct 26th, 2019

Pag-IBIG Fund home loan releases grow 13% to record-high P58.73 B in 3Q

Home loan releases of Pag-IBIG Fund in the last three quarters posted double-digit growth and reached P58.73 billion- the highest ever amount released by the agency for any January to September period. The amount of home loans released increased 13% or P6.97 billion compared to the P51.76 billion in home loans released in the same […].....»»

Category: financeSource:  bworldonlineRelated NewsOct 18th, 2019

RCBC projects double-digit consumer loan growth

Rizal Commercial Banking Corporation (RCBC) looks forward to replicating this year the double-digit expansion of its consumer loans in 2018, a senior executive said on Thursday. According to Rommel Latinazo, consumer lending group head, consumer loans were to account for a much larger share of the overall loan portfolio this year and before. We’ve always […] The post RCBC projects double-digit consumer loan growth appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsOct 17th, 2019

Loan growth to rebound ‘modestly’ on lower interest rates — Fitch unit

Banks are likely to hand out more loans in the coming months fueled by lower interest rates and an uptick in both consumer and corporate borrowings, a Fitch unit said......»»

Category: newsSource:  philstarRelated NewsOct 8th, 2019

Fitch tweaks loan growth forecast higher

Inflation woes, paired with weaker peso and subsequent rate hikes “hurt” household confidence, said Fitch, resulting to muted loan growth well into 2019. The post Fitch tweaks loan growth forecast higher appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsOct 7th, 2019

Subic employment rate steadily rises

Subic Bay Freeport showed a steady employment growth as the current number of workers is back at more than 135,000 for the first half of 2019 despite the closure of a giant shipbuilding company. Subic Bay Metropolitan Authority (SBMA) chair and administrator Wilma Eisma said the total number of employees at the freeport is at […] The post Subic employment rate steadily rises appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsSep 11th, 2019

IN CHARTS: Despite slower growth, employment improves in July 2019

MANILA, Philippines – Despite economic growth accelerating slower than expected in 2019, the Philippines’ employment figures remain steady.  The country's employment rate remained at 94.6% in July 2019. The unemployment rate was likewise steady at 5.4%. The employment growth rate increased by 5.7% ........»»

Category: newsSource:  rapplerRelated NewsSep 5th, 2019

Banks mark Q2 with higher profitability despite slower asset and loan growth

Banks mark Q2 with higher profitability despite slower asset and loan growth.....»»

Category: newsSource:  bworldonlineRelated NewsAug 27th, 2019

Pag-IBIG Fund retains lowest home loan rates

Pag-IBIG Fund has retained the record low interest rates under its home loan program as it posted double-digit growth in loan payments and members’ savings collections, allowing the agency to address the growing demand for its home loans......»»

Category: financeSource:  philstarRelated NewsJul 20th, 2019

Digital lending firm AsiaKredit sees 50% loan growth this year

DIGITAL consumer lending firm AsiaKredit expects 50% growth in its disbursed loans this year as it banks on responsible lending practices......»»

Category: newsSource:  bworldonlineRelated NewsJul 18th, 2019