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Duterte wants to end ‘5-6’ lending scheme

BEIJING – President Duterte is seeking assistance from China and other countries to put an end to “5-6,” a high-interest loan that he said “kills” the entrep.....»»

Category: newsSource: philstar philstarOct 21st, 2016

Gov’t targets Indians in ‘5-6’ lending scheme

MANILA, Philippines – The administration of President Duterte will run after Indian nationals engaged in the “5-6” lending business, Justice Secretary Vitali.....»»

Category: newsSource:  philstarRelated NewsJan 10th, 2017

Duterte wants to end ‘5-6’ lending scheme

BEIJING – President Duterte is seeking assistance from China and other countries to put an end to “5-6,” a high-interest loan that he said “kills” the entrep.....»»

Category: newsSource:  philstarRelated NewsOct 21st, 2016

ADB hikes lending to Philippines

The Asian Development Bank has committed to increase its lending to the Philippines to $7.4 billion from 2019 to 2021 or about $2.5 billion annually in an effort to support the Duterte administration is massive infrastructure program, the chief of the ADB said yesterday......»»

Category: financeSource:  philstarRelated NewsDec 10th, 2018

Oil volatility exposes flaw in fuel tax scheme

AS reported on Friday, government economic managers have decided to withdraw their earlier recommendation to President Rodrigo Duterte to suspend the scheduled increase in fuel excise tax, given the recent…READ The post Oil volatility exposes flaw in fuel tax scheme appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsDec 1st, 2018

Party-list congressmen slams Lapeña transfer to Tesda

President Rodrigo Duterte's move to transfer Isidro Lapea from the Bureau of Customs (BOC) to the Technical Education and Skills Development Authority (Tesda) did not sit well with some lawmakers, with one slamming it as a scheme to "fool people" that the Chief Executive is doing something. "It's Duterte's musical chairs policy to address the big-time billion pesos shabu scandal under his watch. This policy lets off steam to prevent public backlash but it only fools the people that he is doing something about it but ultimately, nothing comes out of it," Akbayan Rep. Tom Villarin said in a statement on Friday. The opposition lawmaker also pointed out that this already happened b...Keep on reading: Party-list congressmen slams Lapeña transfer to Tesda.....»»

Category: newsSource:  inquirerRelated NewsOct 26th, 2018

Is Africa starting to choke on China s lending glut?

FREETOWN, Sierra Leone – It was a time for smiles and handshakes as the delegations from Sierra Leone and China Exim Bank sealed a loan to provide the impoverished West African state with a new airport. Just months later, the much-trumpeted Mamamah International Airport scheme, estimated to cost $400 million has ........»»

Category: newsSource:  rapplerRelated NewsOct 18th, 2018

‘Upset’ Duterte orders probe on missing 23k sacks of smuggled rice

  President Rodrigo Duterteon Thursdayordered an investigation on the missing 23,015 sacks of smuggled rice in Zamboanga City, Malacaang said.   "The President was visibly upset with the missing 23,015 sacks of smuggled rice in Zamboanga City," Presidential Spokesperson Harry Roque said in a Palace briefing.   "The President has ordered an immediate investigation of this incident and that instructions were given for both the NFA OIC and Customs commissioner to place on preventive suspension individuals who may be part of this scheme," Roque added. /kga...Keep on reading: ‘Upset’ Duterte orders probe on missing 23k sacks of smuggled rice.....»»

Category: newsSource:  inquirerRelated NewsOct 4th, 2018

Senate blue ribbon committee eyes probe of ‘tara’ system in NFA

The Senate blue ribbon committee is inclined to investigate allegations of a "tara" (payola) system in the National Food Authority (NFA) and a supposed scheme to favor private traders as claimed by Sen. Risa Hontiveros, Sen. Richard Gordon said on Tuesday. Gordon, the committee chair, said the panel would "most probably" look into the allegations. Sen. Cynthia Villar, the Senate agriculture committee chair, said those accusing NFA Administrator Jason Aquino should file cases against him. President Rodrigo Duterte earlier agreed to let go of Aquino amid NFA rice supply problems, which pushed up prices of the staple. Presidential spokesperson Harry Roque wants Aquino to be ...Keep on reading: Senate blue ribbon committee eyes probe of ‘tara’ system in NFA.....»»

Category: newsSource:  inquirerRelated NewsSep 26th, 2018

ADB OK’s bigger PHL program

THE ASIAN Development Bank (ADB) said on Thursday that its Board of Directors has approved a $7.8-billion lending pipeline for 2018-2021, ramping up support for transport infrastructure, local governance and social development in line with the Duterte administration’s priorities. The post ADB OK’s bigger PHL program appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsSep 20th, 2018

Palace tells LANDBANK to ease lending requirements for farmers

MALACAÑANG said Thursday that President Rodrigo R. Duterte wants the Land Bank of the Philippines (LANDBANK) to reduce the hurdles for obtaining farm loans. The post Palace tells LANDBANK to ease lending requirements for farmers appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsSep 20th, 2018

LANDBANK launches JICA-backed lending program to boost ARMM agri

THE LAND BANK of the Philippines (LANDBANK) launched a P2.12-billion financing scheme in the Autonomous Region in Muslim Mindanao (ARMM) and conflict-affected areas in Mindanao (CAAM) to boost the region’s agricultural sector. The post LANDBANK launches JICA-backed lending program to boost ARMM agri appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsSep 4th, 2018

Duterte warns rice traders vs artificial scheme

Duterte warns rice traders vs artificial scheme.....»»

Category: newsSource:  cnnphilippinesRelated NewsSep 2nd, 2018

China-led AIIB eyes peso financing option for infrastructure

China-led Asian Infrastructure Investment Bank (AIIB) is exploring a possible local currency financing scheme with the Philippines to help fund the Duterte administration’s massive infrastructure program, the Department of Finance (DOF) said yesterday......»»

Category: financeSource:  philstarRelated NewsAug 31st, 2018

Vietnam court jails 46 bankers, execs for loan scheme

HANOI, Vietnam – A court in Vietnam convicted 46 former bankers and businessmen of corruption on Monday, August 6, over a multi-million-dollar lending scam spearheaded by the once-powerful chairman of Vietnam's Construction Bank. It is the latest in a series of major banking trials aimed at cleaning up the opaque sector ........»»

Category: newsSource:  rapplerRelated NewsAug 6th, 2018

Traffic advisory for SONA 2018

MANILA, Philippines – A rerouting scheme and partial road closures will be implemented for President Rodrigo Duterte's 3rd State of the Nation Address (SONA) on Monday, July 23. Chief Superintendent Joselito Esquivel Jr, director of the Quezon City Police District (QCPD), warned that heavy traffic is expected leading to and from the Batasang Pambansa, ........»»

Category: newsSource:  rapplerRelated NewsJul 22nd, 2018

LIST: Rerouting scheme for SONA 2018

The Quezon City Police District and the Department of Transportation released the rerouting scheme for the third State of the Nation Address of President Duterte on Monday, July 23......»»

Category: newsSource:  philstarRelated NewsJul 18th, 2018

SSS raises P1.3B via restructuring scheme

Social Security System (SSS) gained P1.31 billion during the first three months of its Loan Restructuring Program, already breaching the target and helping shore up the state-run pension fund's revenue as it struggles to finance the pension hike approved by President Duterte. In a statement, president and chief executive Emmanuel F. Dooc said that from April to June, SSS condoned over P3.35 billion in unpaid loans from 200,960 members. "When we launched the second Loan Restructuring Program in April, we expected to attract 250,000 availees but to our surprise, we've already breached the 200,000-mark in just three months of implementation, and we still have nearly three months to ac...Keep on reading: SSS raises P1.3B via restructuring scheme.....»»

Category: newsSource:  inquirerRelated NewsJul 11th, 2018

Duterte vows to end ‘5 6’ lending practice – Manila Video

Duterte vows to end ‘5 6’ lending practice – Manila Video.....»»

Category: newsSource:  manilainformerRelated NewsJul 11th, 2018

Duterte moves to fast-track military pension scheme

PRESIDENT RODRIGO R. Duterte wants to fast-track the establishment of a new pension scheme for military personnel. The president hopes to establish this scheme within his term. Finance Secretary Carlos G. Dominguez III said that the economic managers, together with officials of the Defense, Interior and Local Government, and Transportation departments met with Mr. Duterte […] The post Duterte moves to fast-track military pension scheme appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsJun 20th, 2018

Duterte to MILF: what cannot be included in the BBL, add them via federalism

DAVAO CITY (MindaNews / 17 June) — Reiterating his camapign for federalism, President Rodrigo Duterte on Saturday night urged leaders of the Moro Islamic Liberation Front (MILF) to wait for the passage of the final version of the Bangsamoro Basic Law (BBL) and whatever is not included there can be “added in the federal scheme […].....»»

Category: newsSource:  mindanewsRelated NewsJun 17th, 2018