Loanable Funds

Hope for Farmers and Fishermen | Philstar.com

Last July, a bill became law, giving hope to the country’s farmers and fishers as well as the Philippines’ attempt to achieve food self-sufficiency. Republic Act 11901, or the Strengthening Agriculture, Fisheries and Rural Development Finance Act of 2022, repealed RA 10000 or the Agricultural Credit Reform Act of 2009, …

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Bank loans to agriculture-agrarian increase in the 1st half

Lawrence Agcaoili – The Filipino Star September 21, 2022 | 00:00 MANILA, Philippines — Loans disbursed by banks in the Philippines for agriculture and land reform rose 11.1 percent to 847.95 billion pesos in the first half, but still below the prescribed threshold for both sectors . Preliminary data from …

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BSP sets new rules for rural development funding – Manila Bulletin

The Bangko Sentral ng Pilipinas (BSP) has released proposed rules and regulations that will govern mandatory funding for Agriculture, Fisheries and Rural Development (AFRD) under Republic Act No. 11901, also known as the Strengthening Agriculture, Fisheries and Rural Development Funding Act 2022. . The proposed circular, issued Friday, September 9 …

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Alexander Salter on National Economic Policy and Freedom

Many Americans believe that government has a responsibility to fight recessions. They should not. Politicians and bureaucrats suck at stabilizing markets. Usually their scents do more harm than good. Economics textbooks will tell you that there are two ways for the government to smooth out the business cycle. The first …

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Real estate, banking and consumer sectors to support recovery in second half – analysts

Analysts said the REAL ESTATE, banking and consumer sectors should support the recovery from the impact of the public health crisis in the second half of the year, as they benefit from the continued reopening of the economy. “Recovery from the pandemic is expected in the real estate sector after …

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Nepal’s NMB Bank secures $25m clean energy funding from UK international investment

Nepal is one of the richest countries in the world in terms of inland water resources. Nepal has around 6,000 rivers, streams and tributaries along with other significant resources such as snow cover, springs, lakes and groundwater. The country has one of the highest hydropower potentials. Nepal’s technical hydropower potential …

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Into the Woods, TINA – Manila Bulletin

The sharp rise in petroleum product prices on Tuesday virtually offset and even exceeded the amount motorists saved from the downward trend that lasted nearly a month. And whether artificial or real, the shortage of most basic additives – sugar and salt as well as soaring prices for onions – …

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False signals and recession – are recessions a natural phenomenon in capitalism?

With two consecutive quarters of negative GDP growth recorded in the first half of this year, most agree that our economy has entered a recession. But few will agree on its cause. Given attempts by the Biden administration and others to blame soaring price inflation on multiple factors besides its …

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Data reporting tends to spin a win, obscuring society’s dark underbelly

HSBC’s predictions of how many Filipinos will reach the exalted status of millionaires by 2030 is the kind of story that inspires readers to keep going and reading. Even poor people like me and my neighbors who have no hope of joining that celebrated and coveted rank in our unimportant …

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Strengthening MSMEs offers economic rewards

Read this in the Manila Times digital edition. President Ferdinand “Bongbong” Marcos Jr. speaking at an event hosted by Go Negosyo. PHOTO BY JOHN RYAN BALDEMOR WE welcome the attention given by the new government to micro, small and medium-sized enterprises (MSMEs). President Ferdinand “Bongbong” Marcos Jr. showed his support …

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CBN and the imperative to control inflation

“Americans are fed up with almost everywhere they spend money. Gasoline prices are at record highs, food prices are rising, and housing is getting more expensive month by month. Lawmakers — especially Republicans — have lambasted the Federal Reserve for allowing inflation to hit 41-year highs, arguing that the central …

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Improved Agri-Agra law is a win for the economy

PHOTO BY THE DEPARTMENT OF AGRICULTURE WHILE everyone is understandably distracted by the baffling chaos that has erupted over the sugar supply, there has been one important political achievement that needs to be highlighted. One of the 110 laws that went into effect late last month was Republic Act (RA) …

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HUGELY confusing – Econlib

In 2020, Marc Andreessen wrote an excellent critique of NIMBYism titled “It’s time to build“. Here is an exerpt : You don’t just see this smug complacency, this satisfaction with the status quo and the reluctance to build, in the pandemic or in health care in general. You see …

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Electric vehicle imports wobble as government policy fluctuates

Nepal imported a record number of electric vehicles (EVs) in the last fiscal year 2021-22 after seeing their imports swing for several years. In 2019-20, imports stood at 575 units before falling by more than half to 249 units in 2020-21 due to Covid-19 restrictions and higher taxes. But in …

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Banks have more freedom to lend to other sectors

MANILA, Philippines – The new law providing a comprehensive financing framework for the development of agriculture, the fisheries sector and rural communities would give banks greater flexibility in allocating their resources, according to the governor from Bangko Sentral ng Pilipinas, Felipe Medalla. Medalla said the central bank is committed to …

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Ensuring food security, helping farmers, fishermen – Bong Go

CITTING to the crucial role of farmers and fishers in ensuring food security, Senator Christopher Lawrence “Bong” Go stressed the need to continue to strengthen systems and infrastructure to support agriculture as he welcomed the recent enactment of a measure that expands agriculture, fishing and rural areas. development finance system. …

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Risk sharing in mandatory loans suggested

A RISK-SHARING agreement between the banking industry and the government could facilitate compulsory lending to farmers and small businesses, the director of the Bank of the Philippine Islands (BPI) said last week. Speaking at The Manila Times online business forum, BPI Chairman and CEO Teodoro Limcaoco noted that there was …

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Why is Bangladesh opting for an IMF bailout? – Analysis – Eurasia Review

Although Bangladesh’s difficulties are not comparable to those of Sri Lanka, the emerging Asian tiger has its sources of problems In May 2021, Bangladesh granted a US$200 million currency swap facility to Sri Lanka to help the latter deal with a severe shortage of foreign exchange. But a year later, …

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How to Manhandle Money

Comment In my last column, I explained how governments and banks create money. The basics are incredibly simple – so simple, in fact, that the great non-traditional economist John Kenneth Galbraith once commented that: “The process by which banks create money is so simple that the spirit is repelled. Where …

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Now Bangladesh is opting for an IMF bailout

In May 2021, Bangladesh granted a US$200 million currency swap facility to Sri Lanka to help the latter deal with a severe shortage of foreign exchange. But a year later, Bangladesh itself is asking for a $4.5 billion IMF bailout for fiscal and balance-of-payments support. Although Bangladesh’s difficulties are not …

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Helping MSMEs requires better policy delivery

MANY in government want to help micro, small and medium enterprises (MSMEs), and with good reason. They represent more than 99% of all registered businesses, employ 63% of the workforce and contribute 40% to the total economy. Unfortunately, good intentions have not yet translated into policies producing optimal results. Impressive …

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Rising rates will lead to higher prices, warns MAN

The The Manufacturers Association of Nigeria has warned that the recent increase in the base lending rate by the Monetary Policy Committee of the Central Bank of Nigeria will lead to higher commodity prices among other negative consequences. MAN said so in a statement titled “MAN’s Preliminary Position on the …

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MSMEs in Ethiopia will have access to ETB 1.5 billion through a new agreement between Awash Bank and nine Microfinance Institutions (MFIs)

Addis Ababa — Today, Awash Bank signed a loan agreement with nine private commercial microfinance institutions (MFIs) – Vision Fund, Nisir, Kendil, Metemamen, Meklit, Dynamic, Wasasa, Harbu and Peace MFI to unlock the access to finance for micro, small and medium enterprises (MSMEs) in Ethiopia. The ETB 1.5 billion deal …

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Achieve food self-sufficiency through a pan-national approach

BEFORE President Ferdinand “Bongbong” Marcos Jr. took the reins of the Department of Agriculture (DA), I stressed that his administration must have the political will to give agriculture a bigger budget, 250 billion pesos per year. At this budget level, the country can undertake more programs covering a wider range …

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Monetary policy curbs credit expansion to control inflation

Covid-19 had compelled the Nepal Rastra Bank to pursue a liberal monetary policy over the past two fiscal years with a view to extending credit to revive the pandemic-hit economy. With the situation now having changed with excessive credit expansion causing a surge in imports resulting in the depletion of …

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Rising MPR: A journey away from single-digit interest rate – MAN

The Manufacturers Association of Nigeria (MAN) described the decision to raise the monetary policy rate (MPR) from 13% to 14%, as a trip further away from the preferred single-digit interest rate regime. MAN Chief Executive Mr Segun Ajayi-Kadir in a report released Friday in Lagos said the development was not …

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Demand for manufacturing and agricultural products has fallen sharply in the past two months: CNI study report – myRepublica

KATHMANDU, July 13: The trading volume of the country’s major industries has fallen sharply in the past two months due to the excessive surge in market prices, depressing people’s purchasing power, a study report shows unveiled by the Confederation of Nepalese Industries (CNI). According to the private sector umbrella organization, …

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Make the most of what tuition pays

Paying for college is expensive. However, many students miss out on services that they don’t even know they are paying for. In addition to tuition, University students must pay more than $1,500 in fees. Through the University Bursar, you can see a detailed list of the fees you pay each …

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“State of calamity” for food sufficiency

THE Philippine Chamber of Agriculture and Fisheries Inc. (Pcafi) calls on President Ferdinand “Bongbong” Marcos to declare a nationwide “state of calamity” for food sufficiency and immediately mobilize funds for the agricultural sector to to meet today’s food supply challenges. Danilo Fausto, president and president of Pcafi During a press …

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Bank lending to MSMEs below required level

Read this in the Manila Times digital edition. BANK lending to micro, small and medium enterprises (MSMEs) was still below the required level at the end of March this year, Bangko Sentral ng Pilipinas (BSP) reported. The “Magna Carta for MSMEs”, also known as Republic Act 6977, provided funding of …

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Dwindling foreign exchange reserves to finance imports for just over six months sound the alarm

Nepal’s foreign exchange reserves have fallen to a level sufficient to support merchandise imports for less than seven months, for the first time in the past six years, setting off alarm bells. Even the import control measures taken by the Nepal Rastra Bank do not appear to be yielding the …

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As the high cost of funds hampers business growth

The high cost of loans offered by depository banks, which is in double digits, has continued to hamper business growth in the country. Recently, the Central Bank of Nigeria (CBN) and the Monetary Policy Committee (MPC) at its 285th meeting, with the Chairman announcing the committee’s unanimous decision to amend …

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Policy makers should rethink entrepreneurship | The Manila Times

Read this in the Manila Times digital edition. MEETING OF MINDS President-elect Ferdinand ‘Bongbong’ Marcos Jr. and Presidential Advisor for Entrepreneurship Joey Concepcion. CONTRIBUTED PHOTO THE next government is on the right track in recognizing the value of micro, small and medium-sized enterprises (MSMEs), whose collective well-being is vital for …

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Inflation: monetary phenomenon?

Mehdi Rahman | Published: Jun 19, 2022 9:34:19 p.m. Inflation is an inevitable phenomenon, with income varying over time. In the same passage of time, the price of commodities jumps higher relative to changes in income. It seems to increase in the same way as human age increases. On the …

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What can health care prices teach about the woes of inflation? : News : The Independent Institute

Tammy Ferrell takes drastic measures to feed her family as inflation hits its highest level in 40 years. Even after replacing meat with noodles and walking to the grocery store to save gas, she found herself skipping meals to make ends meet. Many others are making similar sacrifices. Prices have …

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Nepal’s debt rises over 7% in third quarter

Nepal’s debt stock rose by 7.33% in the third quarter of the current fiscal year in the wake of the continued devaluation of the rupee against the dollar and costly domestic debt amid growing borrowing from the government. Although the country received external debt in only limited amounts during the …

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Subscription funding: rated note feeder funds and debt capital commitments

Insurance company investors are increasingly seeking to invest in private equity and similar private equity funds through debt capital commitments (as opposed to traditional equity capital commitments) in order to take advantage of better treatment of regulatory capital, including under the risk-based capital system established by the United States. National …

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Subscription Funding: Rated Note Feeder Funds and Debt Capital Commitments | Insights and Events

Insurance company investors are increasingly seeking to invest in private equity and similar private equity funds through debt capital commitments (as opposed to traditional equity capital commitments) to take advantage of better treatment of regulatory capital, including under the risk-based capital system established by the United States. National Association of …

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Budget in times of rising inflation

Muhammad Mahmoud | Published: June 11, 2022 9:51:51 p.m. | Updated: Jun 12, 2022 9:18:36 p.m. Last Thursday (June 9), Bangladesh’s Finance Minister presented the budget for the financial year 2022-23 (FY23), at a time of strong inflationary pressures, especially in food and oil prices. energy. The size of the …

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Budget could exacerbate Nepal’s economic crisis

The government has presented a budget of Rs 1.79 trillion for the financial year 2022-23. Critics say the allowance is inflated, given the country’s precarious economic situation. The “populist” budget was bought with the one and only intention of pleasing potential voters, they argue. Is this really the case? ApEx …

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PRIB: Senate approves bicam’s report on bill improving farmers’ access to financial services, training programs

PHILIPPINES, June 2 – Press releaseJune 1, 2022 Senate approves bicam report on bill improving farmers’ access to financial services and training programs In an effort to improve agricultural communities’ access to financial services and programs that increase productivity, the Senate last week ratified the report of the …

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More problems for manufacturers | THIS DAY LIVE

The Manufacturers Association of Nigeria has denounced the recent monetary policy decision by the Central Bank of Nigeria and called on the apex bank to reduce the stringent conditions for accessing development finance windows available to the manufacturing sector at a rate of one-digit interest, written Onwuamaeze Dike Members of …

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Incumbent Senator Akwashiki withdraws from the race

NNN: Senator Godiya Akwashiki (APC-Nasarawa North) withdrew from the contest to elect a new senator. Akwashiki, chairman of the Senate Jobs, Labor and Productivity Committee, announced his decision in a letter Sunday to the APC Elections Committee in Nasarawa State. A copy of his letter, titled: “Notice of Withdrawal from …

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MPC: Raising interest rate will reduce loanable funds for investment — Economist

NNN: An economist, Professor Evans Osabuohien, said on Sunday that the increase in the benchmark interest rate from 11.5% to 13 by the Monetary Policy Committee (MPC) of the Central Bank of Nigeria (CBN) would reduce funds loanable for investment. Osabuohien, a senior lecturer in the Department of Economics at …

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Nearly half of ECLGS funds used to pay supplier dues, one-third to restart business: RBI annual report

Credit and financing for MSMEs: Nearly half of the loans disbursed under the government’s Emergency Line of Credit Guarantee (ECLGS) scheme to MSMEs were used to pay the dues of suppliers supplying raw materials, while a third of the loans were used to restart businesses, and the remaining amount was …

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New funding bill to replace Agri-Agra Act, says BSP

The Bangko Sentral ng Pilipinas (BSP) is planning the repeal of the Agri-Agra Act as the bicameral Congressional Conference Committee has ratified a new bill aimed at improving the financing of the agri-fishing sector and the rural development. PASB said in a statement that the 2022 Strengthening Agriculture, Fisheries and …

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MAN, LCCI and others kick as CBN raises lending rate to 13%

Odinaka Anudu, Nike Popoola, Sami Olatunji and Edidiong Ikpoto Published May 25, 2022 The Manufacturers Association of Nigeria, the Lagos Chamber of Commerce and Industry and the Nigerian-American Chamber of Commerce have criticized the monetary policy rate hike by the Central Bank of Nigeria, saying the policy will hurt the …

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Canola seeds planted for a local charity growing project

After an extensive search for donated or loanable farmland in March, Maas and his team secured 50 acres in late April, nestled on Woody Nook Rd in western Lacombe County behind a private residence. READ: Local Charity Growing Project Needing Land in Lacombe County On May 13, a volunteer farmer …

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Collecting deposits for local elections – The Himalayan Times – Nepal’s No.1 English Daily Newspaper

KATHMANDU, MAY 19 The recent local elections have shaken the collection of deposits in the country’s commercial banks during the 10th month (from mid-April to mid-May) of the current financial year. According to the latest data provided by the Nepal Bankers’ Association (NBA) – the apex organization of commercial banks …

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Inflation fears as banks signal large withdrawals ahead of local elections

Over the past two weeks, NMB Bank has witnessed an increase in cash withdrawals from savings accounts, as is usually seen before major festivals. “We guess it’s because of the election,” said Sunil KC, chief executive of NMB Bank. “Such withdrawals usually take place during festivals like Dashain and Tihar.” …

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SBCorp imposes interest rates on loans to MSMEs

THE Small Business Corp. (SBCorp), the finance arm of the Department of Trade and Industry (DTI), recently announced that it has imposed an interest rate on loans made to micro, small and medium-sized enterprises (MSMEs). At the launch of a new flagship lending program, SB Corp showcased its new online …

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SBCorp launches new P7-B loan facility for MSMEs – Manila Bulletin

Small Business Corporation (SBCORP), the microcredit arm of the government, is launching a versatile RISE UP micro-loan program of 6 to 7 billion pesos to support the recovery of micro, small and medium enterprises after the pandemic. SBCORP spokesperson Robert Bastillo announced at the Laging Handa public briefing that the …

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Lenders oppose BSP’s proposed credit quota for innovation development

THE CENTRAL BANK wants to require lenders to allocate credit for the development of new technologies and innovations for various services. — BW FILE PHOTO CENTRAL BANK PROThe possibility of imposing a loan quota for the development of new technologies and innovations for various services will be affect negative to …

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Inefficient private sector lives off taxpayers’ money: former SBP governor – Newspaper

KARACHI: Former central bank governor Syed Salim Raza came out on Monday with all guns against the subsidy-hungry private sector that survives on taxpayers’ money despite massive inefficiencies. Addressing a seminar organized by the Pakistan Institute of Development Economics, the former governor of the State Bank of Pakistan (SBP) said …

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Trade experts call for increased political support

A bank staff member counts RMB and US dollar notes in Nantong, Jiangsu Province. [Photo/Sipa] The Chinese yuan tumbled against the U.S. dollar on Monday as investor sentiment weakened further amid resurgence in domestic COVID-19 cases and rapid tightening by the U.S. Federal Reserve, experts said. Monday. They called for …

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Disappointing performance of Cypriot banks since 2015

What are cookies As is common practice with almost all professional websites, https://cyprus-mail.com (our “Site”) uses cookies, which are tiny files downloaded to your device, to improve your experience. This document describes what information they collect, how we use it and why we sometimes need to store these cookies. We …

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Government Accredits 37 Agri-Agra Rural Financial Institutions – Manila Bulletin

The Bangko Sentral ng Pilipinas (BSP) and Agricultural Credit Policy Council (ACPC) listed 37 Rural Financial Institutions (RFIs) for agricultural lending as of the end of March this year. The list included one more rural bank among its nine accredited RFIs at the end of January. The new addition is …

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Hellenic on a collision course with the bank employees union

What are cookies As is common practice with almost all professional websites, https://cyprus-mail.com (our “Site”) uses cookies, which are small files downloaded to your device, to improve your experience. This document describes what information they collect, how we use it and why we sometimes need to store these cookies. We …

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Falling revenue raises questions about the health of the economy

The tax authorities failed to meet the revenue collection target in the first nine months of the current fiscal year, raising the question of whether domestic economic activities have also fallen alongside deteriorating indicators of the external sector of the economy. The external sector of the economy (international economic transactions) …

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China set to ease credit, but economic woes may be too deep for quick recovery

China’s explicit call to reduce the amount of bank cash reserves and increase lending has bolstered expectations of an imminent policy easing, but economists say any credit easing may not be enough to push back the prospect of a deep economic downtrend. Growth in the world’s second-largest economy has slowed …

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What to do and what not to do while planning your retirement

Marie Renard Luquette | MBA, CLU, ChFC Advice from Allworth: Running out of money in retirement Amy Wagner with Allworth Financial discusses the lack of money in retirement. Allworth Financial, Cincinnati Investigator Retirement planning usually begins when we get our first job. Our employer often contributes, and we set aside …

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China set to ease credit as economic malaise deepens

BEIJING, April 14 (Reuters) – China’s explicit call to reduce the amount of banks’ cash reserves and increase lending has raised expectations of an imminent policy easing, but economists say any Credit easing may not be enough to fend off the prospect of a deep economic downtrend. Growth in the …

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Persistent liquidity crunch forces banks to tighten lending even to productive sectors

Rastriya Banijya Bank has provided concessional loans and some loans to the productive sector in recent months amid a shortage of loanable funds from generally resource-rich banks. Due to excessive lending in the first months of the current fiscal year by almost all banks and financial institutions, the banking sector …

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CBN and the burden of inflation

Around the world, prices for goods and services have risen as economies slowly emerge from restrictions that governments and medical authorities have deemed necessary to put in place to contain the spread and death toll from SARS-CoV -2, the virus that causes COVID-19. Unsurprisingly, stores, offices and businesses emerged from …

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Generating jobs, low prices: Solon describes ‘last mile’ for outgoing Duterte administration

The co-chairman of the House of Representatives economic stimulus group said Monday that stable jobs and low prices should be the Duterte administration’s “last-round priority.” Even if the economy returns to pre-pandemic levels, Albay Representative Joey Sarte Salceda said unstable incomes and high prices could still lead …

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What happens to interest rates during a recession?

Interest rates typically fall during recessions as loan demand slows, bond prices rise, and the central bank eases monetary policy. During recent recessions, the Federal Reserve has cut short-term rates and eased access to credit for municipal and commercial borrowers. No price in the economy is as important as the …

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Nominal GDP as a policy guide

The Fed repeatedly makes policy mistakes by ignoring wild swings in nominal GDP. Today, two major news outlets published compelling arguments in favor of targeting the NGDP. Here is Clive Crook in the Washington Post: The Fed has delayed raising interest rates until now as it did not know …

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Government Covid Response Surpasses $3 Trillion – DoF

The national government’s response to Covid-19 has amounted to 3 trillion pesos since the start of the pandemic, the Department of Finance (DoF) reported. “When the Covid-19 hit, the Duterte administration acted quickly to protect the lives of Filipinos. The Philippines’ direct response to the Covid-19 crisis has so far …

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Call to preserve Filipino culinary heritage

MANILA (Philippine Daily Inquirer/Asia News Network): Senatorial candidate Loren Legarda has again urged the government to preserve Filipino culinary heritage and promote sustainable food security. As the country celebrates Filipino Food Month with the theme “Filipino Food Key to Development and Change”, Legarda stressed that food is an essential part …

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MSME programs are key to recovery and growth

Read this in the Manila Times digital edition. Presidential candidate Ka Leody De Guzman enters the room for ‘The Deep Truth’ interview program by SMNI, held at the Okada Manila on March 26, 2022. PHOTO BY JOHN RYAN BALDEMOR THE presidential candidates in the upcoming elections all want to help …

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Nepse fails to boost investor confidence, daily turnover falls below 2 billion rupees on Thursday – myRepublica

KATHMANDU, March 31: The Nepal Stock Exchange (Nepse) fell by 23.95 points on Thursday as the amount of one-day turnover also fell to 1.89 billion rupees after banks failed to managed to improve their liquidity position even at the end of the third quarter of this year. According to Nepse, …

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Filipino MSMEs turn to friends and family despite barriers to business financing

Three out of four Filipino MSMEs unable to secure adequate financing Micro, small, and medium-sized enterprises (MSMEs) make up over 99% of businesses in the Philippines and employ about 62% of the workforce, but these essential businesses face significant barriers to growth when it comes to business. access to business …

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Michael A. MacDowell: Inflation: The Good and the Bad News

Historically, the impact of inflation on families has two aspects. The bad news is that everyone’s take-home pay is worth less. The most recent calculation is that current inflation has accelerated to a rate of 7.9%, posting the highest rate of inflation in over 40 years. If this rate of …

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BSP initiative secures source of credit to revitalize MSMEs – Manila Bulletin

Micro, small and medium-sized enterprises (MSMEs) make up 99.5% of business establishments in the Philippines, employ 63% of the workforce, and are responsible for around 40% of the country’s gross domestic product (GDP). This sector has been one of the hardest hit by nearly two years of quarantine and lockdown …

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Gibo urges public banks to increase agricultural loans

Senate candidate and former Secretary of Defense Gilbert ‘Gibo’ Teodoro. CONTRIBUTED PHOTO SENATE candidate and former defense chief Gilbert “Gibo” Teodoro wants the two public lenders to increase their support for the agricultural sector. In a statement on Saturday, Teodoro said he wanted to review the policies of the Land …

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BSP sets 4% credit allocation for innovation development – Manila Bulletin

The Bangko Sentral ng Pilipinas (BSP) has published proposed rules to guide banks in allocating at least four percent of their loanable funds to the development of innovation for the benefit of micro, small and medium-sized enterprises (MSMEs) and startups. The BSP in the draft circular stated that the loanable …

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LANDBANK Loan Approvals for LGU Pandemic Projects Top P100B

LAND BANK of the Philippines (LANDBANK) said it has approved more than 100 billion pesos in loans to local government units (LGUs) to fund their coronavirus response initiatives, about two-thirds of its loanable funds for related LGU projects. to the pandemic. LANDBANK approved for 101.1 billion pesos in loans at …

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Billions of Bayanihan 2 loan funds still unused – COA

MANILA, Philippines – A total of 4.99 billion pesos – more than half of the funds allocated for the distribution of loans to micro, small and medium-sized enterprises (MSMEs) under the Bayanihan to Recover as One Act, or Bayanihan 2 – has not been used since mid-2021 and could have …

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Banks miss 2021 lending quota for land reform and agrarian sectors

PHOTO BY CINDY S. REYES, DEPARTMENT OF AGRICULTURE – PHILIPPINE RICE RESEARCH INSTITUTE PHILIPPINE BANKS failed to meet the minimumcompulsory loans for agriculture and agrarian reform (agri-agra) sectors in 2021, according to the central bank. Lenders disbursed loans worth 851.76 billion pesos at the end of December in these sectors, …

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MSME loan slips fall to 463.13 billion pesos in 2021

MANILA, Philippines — Lending by banks in the Philippines to micro, small, and medium-sized enterprises (MSMEs) fell 3.6 percent to 463.13 billion pesos in 2021 from 480.5 billion pesos in 2020, as the sector has yet to fully recover from the impact of the pandemic, according to the Bangko Sentral …

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Proposed changes to Agri-Agra act are a loophole – FFF

The Free Farmers Group Federation (FFF) has published its analysis and identified ‘gaps’ in either version of the proposed amendments to Republic Act (RA) 10000 or the Agri-Agra Credit Reform Act of 2009 . It comes as Congress prepares to create a bicameral committee to reconcile Senate and House bills …

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Upstream Exploration Stock: Cash Flow Cascade (OTCMKTS: CDDRF)

Imaginima/E+ via Getty Images (Note that this is a Canadian company and reports in Canadian dollars unless otherwise specified.) Headwater Exploration (OTCPK: CDDRF) has started a major project. In the second year of the project, management expects cash flow to exceed project needs. This is a significant advantage over many …

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As banks fail to meet credit thresholds for priority sectors, central bank extends deadline for compliance

As many as 10 commercial banks out of a total of 27 had failed to meet the minimum credit threshold for the agricultural sector by mid-January this year, according to the Nepal Rastra Bank. Banks were indeed required to reach the threshold by mid-July last year, in line with the …

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Perils of Direct SBP Credit – Journal

WHY is the State Bank of Pakistan’s direct lending to the government primarily harmful? And why is government borrowing from commercial banks less harmful, although a bit more expensive? These two questions continue to puzzle many experts. Since direct SBP credits to the government will be illegal following the legislation …

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Agri-Agra Act Changes to Free Up More Funds

Lawrence Agcaoili – The Filipino Star February 13, 2022 | 00:00 MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) says farmers, fishers and micro, small and medium enterprises (MSMEs) in the agriculture, agribusiness and related sectors should be given a bullet in arm once amendments to the prescribed thresholds …

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Banks decide to raise interest rate on deposits by one percent due to tight liquidity – myRepublica

KATHMANDU, February 12: Banks are raising the interest rate on deposits citing the tight liquidity position in the country’s banking system. The Nepal Bankers Association (NBA) at a meeting on Friday decided to raise the interest rate on deposits by one percent. In the revised rate, the apex organization maintained …

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Opinion: The Fed should manage the yield curve to put out the inflationary fire

The Federal Reserve has gone from cultivating a hot labor market to cutting annual inflation by 7%. This task will require much more than the expected three or even five-quarter point increases in the FF00 federal funds rate, +0.01% this year and several more in 2023. Omicron cemented hybrid work. …

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One-time 60-day repayment under the SSS Pension Loan Scheme

IN September 2018, the Social Security System began offering the Pension Loan Program to provide immediate financial assistance to qualified SSS retirees through a low-interest loan. We are aware that in previous years most of them have applied for personal loans from various private loan companies who charge higher interest …

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Senate Passes Agri-Agra Amendment Bill

A bill to stimulate lending to the agriculture, fisheries and land reform sectors has passed its third and final reading in the Senate. Senate Bill (SB) 2494 or the Strengthening Agriculture, Fisheries, and Rural Development Funding Act of 2022, certified urgent by President Rodrigo R. Duterte, seeks to amend the …

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The Fed’s planned tightening is barely enough to defeat inflation

OPINION: In March, the Federal Reserve will likely start raising interest rates – maybe three or four quarter points over nine months. This is barely enough to bring inflation down to 2%. Heartbreaking at 7%, demand for goods and services will continue to outstrip supply. Omicron cemented hybrid work – …

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Regulatory crisis in the Nepalese banking sector

Nepal’s banking sector is heading down a dangerously risky path, not only due to a seasonal and often recurring shortage of loanable funds, but due to a combination of factors ranging from poor regulation and oversight by the authority monetary policy to blatant compromises in corporate governance practices by banks …

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Villar pushes for amendments to agri-agra law

Paolo Romero – The Filipino Star January 31, 2022 | 00:00 MANILA, Philippines — Senator Cynthia Villar is pushing for changes to the Agri-Agra Credit Reform Act to help expand financing to farmers and fishers as well as micro, small and medium enterprises (MSME) related by allowing banks to extend …

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Decision to raise internal loans could worsen liquidity crunch

As the government struggles to spend its existing resources, it has started to raise internal loans, fueling fears that this will lead to a further shortage of financial resources at banks which are already under pressure to lend due to the lack of of cash. On Friday, the Nepal Rastra …

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BSP makes last push for reform measures

With only a few months left in the 18th Congress, the Bangko Sentral ng Pilipinas (BSP) on Friday reiterated its push for pending bills conducive to economic recovery amid the protracted pandemic. Specifically, the BSP was pushing for the adoption of the following measures: the Law on the Protection of …

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Women champions of climate action and sustainable development

THE Philippines has consistently topped the gender equality rankings since the World Economic Forum launched its annual Global Gender Gap Report. The Philippines is said to have closed 78% of its overall gender gap, showing strong performance in the key areas of economic participation and opportunity, educational attainment, health and …

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El Salvador will offer crypto loans to SMEs

Friday, January 21, 2022 10:10 a.m. Salvadoran President Nayib Bukele participates in the closing ceremony of a congress for cryptocurrency investors. El Salvador made Bitcoin legal tender in September 2021. The government of El Salvador reportedly intends to offer crypto loans to small and medium enterprises (SMEs). The National Commission …

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Agenda for Economic Recovery and Prosperity

Sixth, the SAN proposal outlined the Monetary Policy Committee’s approval of the sharing of a portion of the Federation’s US dollar account for a foreign exchange transaction then scheduled for September 2007. But with the federal government’s political choice of permanently suspending the SAN, the MPC remained in the economic …

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Benefits await banks that support “green” projects

Benjamin Diokno Banks that lend to “green” and economic sustainability projects may be granted additional benefits by the Bangko Sentral ng Pilipinas (BSP) in line with the government’s push for sustainable finance. “We are now looking at the potential use of preferential rediscount rates or the provision of higher loan …

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Stagflation weighs heavily

Stagflation is often a rare but worrying phenomenon that simultaneously stagnates the growth of the economy, but inflation continues to rise as economic recovery seems elusive. According to data on the country’s macroeconomic situation released last week by Nepal Rastra Bank, Nepal’s central monetary authority, consumer price inflation (CPI) in …

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Letter: Where does inflation come from? – InForum

Inflation is a rise in the aggregate prices of goods and services across the economy. Different sectors of the economy each have their own reasons for their prices; some sectors go up while others may go down. The inflation rate tries to take all of these factors in their entirety …

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