Future Komp This is a reference to the article “Why this request for agricultural support prices?” For years, governments, regardless of political affiliation, have made promises to farmers but failed to implement them. The recent farmer unrest is a warning to ruling parties that farmers’ patience is running out. Farmers don’t even …
Read More »Tanzania’s recovery gathers pace with increasing exports
By Alex Nelson Malanga Dar es Salaam. The economic recovery is gaining momentum as Tanzania has seen an increase in exports of goods and services, as well as the provision of loans to finance economic activities by the private sector. According to the Monthly Economic Review of the Bank of …
Read More »The government prepays the P540-B BSP debt
Finance Secretary Carlos Dominguez III has informed the Monetary Council (MB) that the National Government (NG) will reimburse the full amount of its overdue provisional advances of 540 billion pesos to the Bangko Sentral ng Pilipinas (BSP) this week, before January 12. , due date 2022, in addition to reducing …
Read More »Carpetbagger banks drain my town of loanable funds
The US banking industry is the most regulated industry in the world. Besides the well-known litany of laws and the alphabet soup of regulations, there are others that we do not hear about. Article 109 of the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994 is one of the …
Read More »Government to repay P540-B loan to BSP and seek lower liquidity support in 2022 │ GMA News Online
The Philippine government is expected to repay the 540 billion pesos it borrowed from Bangko Sentral ng Pilipinas (BSP) in full this week before the Jan. 12, 2022 deadline, the Department of Finance (DOF) said on Wednesday. In a statement, the DOF said Finance Secretary Carlos Dominguez III has informed …
Read More »GSIS, LandBank to help strengthen PCIC
The Government Service Insurance System (GSIS) and the Land Bank of the Philippines (LandBank) have been asked to help Philippine Crop Insurance Corp. (PCIC) to improve its finances. In a statement on Monday, the finance ministry said the directive was issued after the PCIC reported that 35 centavos were spent …
Read More »A lame economy crippled by the vulnerability of the external sector
Cholendra Bahadur Karki, who runs a trekking agency, has received inquiries from foreign tourists about trekking destinations, including the Annapurna and Everest routes. “About 30 groups have already confirmed their trekking plans with us in February, March and April next year,” Karki, managing director of Himalayan Joy Adventure Pvt Ltd, …
Read More »The availabilities of the tourist loan window remain sluggish
AVAILABILITY of the government loan facility for the tourism sector remains low even though 70 percent of the sector is “in distress”. Data from the Department of Tourism (DOT) showed that as of November 5, 2021, there were 528 loan applications amounting to P242.83 million that were approved by state-owned …
Read More »Tanzania: Banks promise to increase lending for post-Covid growth recovery
THE Covid-19 pandemic has devastated local bank lending to the private sector, but lenders are still optimistic about a bright future, as the global economy normalizes and the government takes action to boost debt intermediation. credit. Bankers expressed optimism at the 20th Conference of Financial Institutions (COFI) on Friday and …
Read More »PHL must stimulate agricultural financing
More than a decade after the promulgation of Republic Law 10,000 or the Agri-Agra Reform Credit Law of 2009, banks are still reluctant to extend credit to the agriculture and food sectors. land reform. The law requires all government and private banking institutions to allocate at least 25 percent of …
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