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Philippines, Japan ink P23.3 billion post-disaster loan

The Japanese government has provided the Philippines access to a P23.3 billion loan facility that aims to support the country’s post-disaster response efforts in the event of a calamity or worsening health crisis......»»

Category: newsSource: philstar philstarSep 16th, 2020

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 provides P24 billion post-COVID-19 loan to Philippines

Japan is providing 50 billion yen (approximately P24 billion) in loans to the Philippines to support the country’s quick recovery from natural and health-related disasters......»»

Category: newsSource:  philstarRelated NewsSep 16th, 2020

Cebu City determined to pay off SRP loan before 2022

CEBU CITY, Philippines — The Cebu City government is determined to pay off before the end of Mayor Edgardo Labella’s term the balance left of its P4.65 billion loan from the Japan International Cooperation Agency (Jica) for the development of the South Road Properties (SRP) in 1995. Lawyer Jerone Castillo, the mayor’s appointed city treasurer, […] The post Cebu City determined to pay off SRP loan before 2022 appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsFeb 8th, 2020

Japan releases P23.5 billion loan for Philippine COVID-19 plan

The Japanese government released yesterday the 50 billion yen (P23.5 billion) emergency loan to the Philippines to be used for pandemic response, the Japan International Cooperation Agency said......»»

Category: financeSource:  philstarRelated NewsAug 14th, 2020

PH signs P24-b loan with Japan to fight virus

The Philippines and Japan on Wednesday signed an agreement for a 50-billion yen  (around P24-billion) loan to help in the government’s efforts to contain the spread of the coronavirus disease 2019 and provide economic relief to Filipinos affected by the global health crisis......»»

Category: financeSource:  thestandardRelated NewsJul 2nd, 2020

PH secures P23-B yen loan from Japan for Covid response

THE Philippines secured from the Japanese government on Wednesday a 50-billion yen (P23.5 billion) loan that will be used for budgetary support in the fight against the coronavirus disease 2019 (Covid-19) pandemic. Finance Secretary Carlos Dominguez 3rd and Japan International Cooperation Agency (JICA) Chief Representative Eigo Azukizawa signed the agreement for the Covid-19 Crisis Response […].....»»

Category: newsSource:  manilatimes_netRelated NewsJul 1st, 2020

PH, Japan sign P75.5-b loans for infra projects

The Philippines and Japan signed on Tuesday two loan agreements worth a combined P75.5 billion (about 154 billion yen) for two big-ticket projects in Visayas and Mindanao under the “Build, Build, Build” infrastructure program as the Duterte administration ramps up infrastructure investments to help the country recover quickly from the coronavirus-induced global economic crisis......»»

Category: financeSource:  thestandardRelated NewsJun 17th, 2020

ADB to provide $1.6-B loan to PH

The Asian Development Bank (ADB) will release $1.6 billion in additional loans to the Philippines as it renewed its commitment to provide support for the government. “In addition, [the] ADB will deliver three quick-disbursing, policy-based loans totaling $1.1 billion to support ongoing government programs, and a $500-million disaster resilience finance program,” the Manila-based multilateral lender […].....»»

Category: newsSource:  manilatimes_netRelated NewsMar 28th, 2020

Cebu City Council approves P1 billion budget to fight Coronavirus

CEBU CITY, Philippines — The Cebu City Council approved the P1 billion budget for the mitigating measures against the Coronavirus Disease 2019 (Coronavirus). Councilor Raymond Garcia, the majority floor leader of the council, said that the budget will be allotted as a quick response fund under the disaster funds. The money, he said, will primarily […] The post Cebu City Council approves P1 billion budget to fight Coronavirus appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsMar 20th, 2020

Baguio loans P4.3-B market rehab fund

BAGUIO CITY — The City Government of Baguio took out a P4.3-billion loan from the Development Bank of the Philippines (DBP) to fund the rehabilitation of the Baguio City Public Market. Acting under authorization from the Baguio City Council, Mayor Benjamin Magalong signed the loan agreement with DBP chairman Alberto Romulo at the Baguio City […] The post Baguio loans P4.3-B market rehab fund appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsFeb 25th, 2020

Solar water system gets test run

The Department of Agriculture (DA) is about to complete a project with the Israeli government as partner called the Solar Power Irrigation System (SPIS) with Oriental Mindoro as a priority area. In July last year, Israel Ambassador to the Philippines Rafael Harpaz signed an implementing agricultural cooperation agreement including a P44-billion loan from Israel to […] The post Solar water system gets test run appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsJan 23rd, 2020

LandBank reports growing loan book

State-run Land Bank of the Philippines (LandBank) posted significant improvement in net income in the third quarter this year, latest data show. “(LandBank’s) net income for the third quarter stood at P13.97 billion, which is 23 percent higher compared to P11.36 billion to the same period last year,” it said. This was also 12 percent […] The post LandBank reports growing loan book appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsOct 28th, 2019

CCLEX P19-B loan agreement gets two awards

CEBU CITY, Philippines–The P19 billion omnibus loan and security agreement entered into by the Cebu Cordova Link Expressway Corporation (CCLEC) to fund the construction of the Cebu-Cordova Link Expressway (CCLEX) won two awards. One of the awards is the Syndicated Loan of the Year-Philippines from the Asian Banking and Finance Corporate and Investment Banking Awards […] The post CCLEX P19-B loan agreement gets two awards appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsJul 23rd, 2019

900-B yen railway loans yet to be released

JAPAN is yet to release the 900 billion yen in loans that it had pledged for the Philippines to fund the country’s railway projects, according to the Japan International Cooperation…READ The post 900-B yen railway loans yet to be released appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 20th, 2019

PH, Japan ink $202-M loan for road project

CLARK, Pampanga: The Philippines and Japan have sealed a $202.04-million Japanese yen loan agreement for a road network project that aims to revitalize the local economy of and reduce poverty…READ The post PH, Japan ink $202-M loan for road project appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 20th, 2019

Japan to fund Mindanao Road Network Development Project

CLARK FREEPORT ZONE, Pampanga, June 19 (PIA) -- Philippines signed Tuesday evening a loan agreement with the government of Japan for a US$202.04 million or Y21.9 billion loan for the road network d.....»»

Category: newsSource:  manilanewsRelated NewsJun 19th, 2019

Japan to fund Mindanao Road Network Development Project

CLARK FREEPORT ZONE, Pampanga, June 19 (PIA) -- Philippines signed Tuesday evening a loan agreement with the government of Japan for a US$202.04 million or Y21.9 billion loan for the road network d.....»»

Category: newsSource:  philippinetimesRelated NewsJun 19th, 2019

PH, Japan to ink $202-M loan deal

THE Philippines is expected to sign a $202.04-million infrastructure loan agreement with Japan on the sidelines of a high-level joint committee meeting between the two countries on June 18, the…READ The post PH, Japan to ink $202-M loan deal appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsJun 10th, 2019

JICA grants P7-B assets to PCG

MANILA, Philippines - The Japan International Cooperation Agency (JICA) will extend a loan of 16.5 billion yen (around P7 billion) for the continuous moderni.....»»

Category: newsSource:  philstarRelated NewsOct 28th, 2016

8-month budget gap swells to P741B due to COVID-19

MANILA, Philippines — A pandemic-induced drop in revenues while the government spent more to fight COVID-19 widened the budget deficit by 1,510.6 percent year-on-year to P40.1 billion in August, the government reported on Wednesday, September 23, 2020. From January to August, the fiscal deficit also ballooned by 515 percent to P740.7 billion from P120.4 billion […] The post 8-month budget gap swells to P741B due to COVID-19 appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsSep 24th, 2020