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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

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 News3 hr. 2 min. ago

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

ADB raises funding for PH

The Asian Development Bank will lend the Philippines a higher $945 million this year mainly for infrastructure projects as part of the Manila-based multilateral lender's commitment to support the Duterte administration's ambitious "Build, Build, Build" infrastructure program. The state planning agency National Economic and Development Authority said that during a meeting between Philippine officials and executives of the ADB's Philippine country office last month, the latter said that their lending pipeline for 2018 consisted of two policy-based loans (worth $600 million), one result-based loan ($300 million) as well as two other projects ($45 million). In December last year, the A...Keep on reading: ADB raises funding for PH.....»»

Category: newsSource:  inquirerRelated NewsJun 12th, 2018

Gabriela activist’s arrest shows intensifying crackdown on people’s movement in Mindanao

Barug Katungod Mindanao condemns the Duterte government’s criminalization of small entrepreneur and woman activist Nerita de Castro and using her as cover up for the military’s losses in the battlefield especially its failure to thwart alleged NPA revolutionary taxation. To impute charges of extortion and murder against de Castro is a vile scheme to associate […].....»»

Category: newsSource:  mindanewsRelated NewsJun 4th, 2018

Name-dropping ‘fixer’ denounced

MALACANANG yesterday accused the husband of a former daughter-in-law of President Rodrigo Duterte of using the name of the chief executive’s granddaughter in a case-fixing scheme. Presidential spokesperson Harry Roque did not name the alleged fixer even as he appealed to the justices, judges and the general public not to….....»»

Category: newsSource:  journalRelated NewsMay 21st, 2018

Duterte to ADB: Keep lending PH money as I clean up gov’t

Quipping that he'd never been in the presence of so much wealth, President Rodrigo Duterte on Saturday asked the Asian Development Bank to continue lending the Philippines money for its development while promising to clean up and improve the government. Speaking at the 51st ADB annual meeting at the EDSA Shangri-la, the President also hailed the financial institution's contribution to the Philippines' economic growth, noting that it was the country's third largest source of official development assistance. ADB's cumulative loans to the Philippines amount to $16.85 billion, while its cumulative grants amount to $82.6 million, for which he is grateful, he said. He also said AD...Keep on reading: Duterte to ADB: Keep lending PH money as I clean up gov’t.....»»

Category: newsSource:  inquirerRelated NewsMay 5th, 2018

Duterte to ADB: Keep lending PH money as I clean up gov& apos;t - Inquirer.net

Duterte to ADB: Keep lending PH money as I clean up gov't - Inquirer.net.....»»

Category: newsSource:  googlenewsRelated NewsMay 5th, 2018