Loanable Funds

Agri-agra loans climb at the end of June

BANK loans to the agriculture and land reform sector increased 13.60% at the end of June this year, according to the Bangko Sentral ng Pilipinas (BSP), but have not reached the mandated amount. As of the end of June 2021, the banking system had set aside 789.60 billion pesos for …

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Biden suggests new approach for COVID-19 | New

President Joe Biden’s new six-pronged approach to dealing with COVID-19 hopes to protect Americans while introducing new regulations to help the economy and keep schools open amid the raging Delta variant. The six-pronged plan aims to immunize the unvaccinated, protect the vaccinated, keep schools open, increase testing and mask requirements, …

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Dr. Thomas’ proposal is incomplete

Mr. Editor, In his article SN 2021/08/01, “Working for the poor in the face of relentless fake news”, Dr CY Thomas identified six negative findings in Guyana as “noise and absurd” without mentioning fatherhood or personal responsibility. I want to comment on Dr CYT’s sequel, in various ways: The six …

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The financing gap for SMEs during the pandemic

The DTI’s MSME Development Plan Progress Report contains very revealing data on MSMEs’ access to credit from formal financial institutions. Recall that in 2008, Republic law n ° 9501 prescribes that banks must set aside 8% of their total loanable funds for micro and small businesses while 2% should be …

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The situation of MSMEs

MICRO, Small and Medium Enterprises (MSMEs) are supposed to be the economic backbone of the Philippines. They make up 99.5% of the country’s business establishments, provide 63% of the jobs for the Filipino workforce, and contribute around 40% of the country’s gross domestic product (GDP). Yet they only receive a …

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