Japan fulfills P476 billion funding pledge to Philippines

The Japanese government has delivered its commitment to provide about P476 billion in funding to the Philippines over the last five years......»»

Category: financeSource: philstar philstarJul 28th, 2021

PH, Japan sign documents on P115.6B Metro Subway

Additional funding has been assured for the Metro Manila Subway Project with the Philippines and Japan signing  an exchange of notes covering  a P115.6 billion loan  that will finance  the project’s first phase. .....»»

Category: newsSource:  thestandardRelated NewsJul 27th, 2021

PH, Japan sign 50-billion-yen post-disaster loan

The Philippines and Japan signed Tuesday an agreement for a 50-billion yen (P23 billion) standby loan that aims to quickly disburse Japanese funding for the Philippine government’s post-disaster response efforts in the event of a national calamity or health emergency. .....»»

Category: financeSource:  thestandardRelated NewsSep 15th, 2020

Japan releases final P4.6 billion loan tranche for Philippines pandemic response

The Philippines has formally received P4.59 billion in loans, the final tranche from the total P22 billion, from the Japanese government to boost the country’s COVID response......»»

Category: financeSource:  philstarRelated NewsAug 21st, 2021

Japan releases P4.6B to support cash assistance

Japan disbursed 10-billion yen (around P4.6 billion) to the Philippines, representing the final tranche of the 50-billion yen Post-Disaster Standby Loan package, to support the government’s efforts in providing emergency cash grants to vulnerable sectors in Metro Manila, Finance Secretary Carlos Dominguez III said Friday......»»

Category: sportsSource:  abscbnRelated NewsAug 20th, 2021

Japan is Phl’s top lender in 20 years

Japan emerged as the Philippines’ biggest source of foreign loans over the past 20 years as Manila sought Tokyo’s assistance in funding connectivity and transportation projects to fill in its infrastructure gap......»»

Category: financeSource:  philstarRelated NewsAug 11th, 2021

Philippines, Japan ink P115.8 billion financing for Metro Manila subway

The Philippines and Japan have signed the second tranche of the financing for the country’s first underground railway system......»»

Category: financeSource:  philstarRelated NewsJul 27th, 2021

ADB approves $400 million loan for youth employment

The Philippines has secured a $400-million (P20.1-billion) funding from the Asian Development Bank to boost job opportunities for young Filipinos amid the pandemic......»»

Category: financeSource:  philstarRelated NewsJul 27th, 2021

DoTr execs vow free ride to continue

The Department of Transportation will tap the P3 billion funds from the Land Bank of the Philippines (LBP) to extend its P5.5. billion funding for the service contracting program for public utility vehicle (PUV) drivers after the expiration of the Bayanihan 2 Act on June 30......»»

Category: newsSource:  thestandardRelated NewsJul 2nd, 2021

World Bank lends $400 million to boost Philippines financial sector

The Philippines has secured funding of $400 million or more than P19 billion from the World Bank to upgrade the country’s financial sector......»»

Category: financeSource:  philstarRelated NewsJun 26th, 2021

Philippines gets P8.78 billion COVID-19 loan from Japan

The Philippines has formally received nearly P9 billion in loans from the Japanese government to be used in boosting the country’s COVID-19 response......»»

Category: financeSource:  philstarRelated NewsJun 8th, 2021

Japan lends P8.78 billion to Philippines for virus fight

The Japanese government will lend nearly P9 billion to the Philippines to boost the country’s COVID-19 response......»»

Category: financeSource:  philstarRelated NewsMay 21st, 2021

Japan hands Phl P9.2B pandemic aid

Tokyo will grant the Philippines P9.2-billion worth of loans and aid in a bid to assist the government in its pandemic response, the Japanese embassy in Manila said Thursday. During a 20-minute phone conversation with President Rodrigo Duterte on Wednesday, Japan’s Prime Minister Suga Yoshihide said the Japan International Cooperation Agency is slated to release […] The post Japan hands Phl P9.2B pandemic aid appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsMay 20th, 2021

Two senators: Defund NTF-Elcac, realign P19B budget to aid pandemic-hit citizens

MANILA, Philippines — At least two senators are seeing the need to withdraw funding for the National Task Force to End Local Communist Armed Conflict (NTF-Elcac) and reallocate its current P19-billion budget to fund assistance to people affected by the pandemic. This comes after the statement issued by NTF-Elcac spokesperson Lt. Gen. Antonio Parlade Jr. […] The post Two senators: Defund NTF-Elcac, realign P19B budget to aid pandemic-hit citizens appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsApr 22nd, 2021

JICA disburses additional P4.7 billion for disaster recovery

The Japan International Cooperation Agency has disbursed another 10 billion yen (around P4.7 billion) to the Philippines under the Post Disaster Standby Loan 2 (PDSL 2) facility to support recovery efforts following the onslaught of strong typhoons in the last quarter of 2020......»»

Category: financeSource:  philstarRelated NewsJan 8th, 2021

JICA releases another 10 billion yen loan to Phl

Japan released yesterday 10 billion yen to the Philippines as second tranche disbursement under the post-disaster standby loan, the Japanese embassy in Manila said......»»

Category: newsSource:  philstarRelated NewsJan 5th, 2021

Critical recovery loans

The Asian Development Bank and World Bank are offering multi-billion-dollar loans to help the Philippines recover from the pandemic and boost the country’s infrastructure network. These are critical funding programs that could significantly reduce the poverty level, if perfectly executed......»»

Category: newsSource:  thestandardRelated NewsDec 18th, 2020

UnionBank bond offer 3x oversubscribed

Aboitiz-led Union Bank of the Philippines has raised P9 billion from its dual tranche offering of fixed-rate bonds to augment its funding base and finance expansion plans......»»

Category: financeSource:  philstarRelated NewsDec 3rd, 2020

Realign portion of NTF-ELCAC’s P16 B to help typhoon victims — Hontiveros

Senator Risa Hontiveros said on Tuesday the government should realign a portion of the P16-billion anti-insurgency fund to relief and rehabilitation efforts for communities ravaged by super typhoon “Rolly.” Sen. Risa Hontiveros (Senate of the Philippines / FILE PHOTO / MANILA BULLETIN) Instead of funding a controversial program under the National Task Force to End Local Communist Armed Conflict (NTF-ELCAC), Hontiveros said the budget could go a long way in helping Filipinos recover from the calamity.“Ngayong panahon ng sakuna, ‘di hamak na mas kailangan ng mga kababayan natin sa Bicolandia at sa iba pang mga lugar na nasalanta ng bagyo ang milyon-milyong pondo ng pamahalaan. (During this time of calamity, our people in the Bicol region and other provinces badly-hit by the typhoon need government funds),” Hontiveros said.“It is clear that the billions earmarked for NTF-ELCAC would be better spent on helping Filipinos battered by the typhoon get back on their feet,” the senator stressed.“Unahin nating bigyang-tulong at pondo ang mga nabiktima ng kalamidad, hindi ang mga ahensiya na puro pagre-redtag at pagkakalat ng fake news ang ginagawa. (Let’s prioritize helping victims of calamities by giving them funds, not agencies that do nothing but red tag people and just go about spreading fake news),”  she reiterated.At the hearing of the Senate Committee on National Defense, the lawmaker noted that NTF-ELCAC has been allocated a proposed budget of P19-billion for 2021. Of this amount, P16-billion has been earmarked for its Barangay Development Program. Hontiveros also pointed out that the budget for NTF-ELCAC is “questionably astronomic” compared to the proposed budgets of other key agencies particularly the Department of Housing Settlements and Urban Development which only has P632-million, Office of the Ombudsman with only P3.36-billion, Department of Budget & Management (DBM) with only P1.9-billion, and even the Department of Finance (DOF) which only has P17.46-billion.“We should not spend such an inordinate amount of time and money on an agency running after ordinary citizens using the communist bogeyman. This is on top of the NTF-ELCAC’s bad track record of spreading fake news and silencing critical and dissenting voices,” she said. Hontiveros earlier defended entertainment personalities and women’s rights groups from the red tagging activities of Lt. General Antonio Parlade, chief of the Southern Luzon Command of the Armed Forces of the Philippines (AFP) and NTF-ELCAC spokesperson.  She said she cannot begin “to imagine the anguish and emotional toll this must have taken on these women who have been directly-hit by these accusations, as well as their families.”“I am certain that it has also caused a chilling effect on citizens who only want to weigh in on issues of national importance and hold the government to account for its failures to the people,” she stressed. “The issues of the communist insurgency are not new to me. My party Akbayan historically has called for human rights accountability of non-state actors, at kasama dito ang NPA. I will not hesitate to speak against the violations of the NPA,” she further said. .....»»

Category: newsSource: NewsNov 3rd, 2020

Japan approves P1.44 billion loans for 4 infrastructure projects

Japan has approved the provision of Y3.1 billion in technical assistance to the Philippines to support the implementation of four infrastructure projects, according to the Department of Finance......»»

Category: financeSource:  philstarRelated NewsNov 1st, 2020

JICA gives first phase of P50-b disaster loan

The Japanese Embassy in Manila on Wednesday announced the disbursement of 10 billion yen, or about P4.63 billion of Japan’s total 50-billion-yen post-disaster loan to the Philippines......»»

Category: newsSource:  thestandardRelated NewsOct 28th, 2020