Loanable Funds

Countless Developments, by Abiodun Komolafe –

Time and moments are separate but distinct realities. They are both real, but at some point one leaves the realm of conscious reality. While time is a recurring phenomenon, moments are recorded in time. Yet he lives in the inner recesses of our minds. The important thing to note here …

Read More »

Businesses Report Huge Profits Using CBN Intervention Loans

Nigerian manufacturing companies are swimming in profits thanks to cheap central bank intervention loans granted over the past two years. A cross section of the financial statements of companies reviewed by Nairametrics reveals massive savings on interest payments paid during the year through loans received by companies. The Central Bank …

Read More »

Think before you post to your kids online

Social media is inundated with photos, quotes and videos of children posted by their parents. Some tend to document everything from their children’s first words, their first steps, the first few days at school to most of the other activities, conversations, accomplishments and challenges in their lives. There are even …

Read More »

More private sector investment in Annapurna Conservation Area may attract spending tourists to support post-COVID economic recovery – myRepublica

KATMANDU, July 29: According to a new report from the International Finance Corporation (IFC), increased private sector investment in the Annapurna Conservation Area could attract more spendthrift tourists to help boost the local economy in a post-COVID market. The report – Architectural and Cultural Heritage Tourism Products in Nepal: An …

Read More »

What the BoT’s measures mean for citizens

By Joséphine Christophe By Rosemary Mirondo Dar es Salaam. The productive sector will soon be able to easily access bank loans as the Bank of Tanzania (BoT) publishes new measures to reduce interest rates on loans and promote credit intermediation. The measures were welcomed by bankers yesterday as soon as …

Read More »

Tanzania: what bot measures mean for citizens

Dar es Salaam – The productive sector will soon have easy access to bank loans as the Bank of Tanzania (BoT) releases new measures to reduce interest rates on loans and promote credit intermediation. The measures were welcomed by bankers yesterday as soon as the central bank officially announced them. …

Read More »

Tyler Mordy’s Top Picks: July 15, 2021

Tyler Mordy, President and CIO of Forstrong Global Asset Management FOCUS: Exchange traded funds MARKET OUTLOOK: Calling the end of the 1960s: the return of the high-pressure economy Global growth has picked up speed as economies gradually unblock. The key question, however, is what governments will do to change the …

Read More »

LandBank acquires UCPB as part of P2,7-t merger

The merger between the Land Bank of the Philippines and the United Coconut Planters Bank will strengthen the government’s efforts to build a stronger, unified banking institution capable of serving coconut farmers and other workers in the agricultural sector, said Tuesday. a senior officer of LandBank. President Rodrigo Duterte ordered …

Read More »

Agri-agra penalties attain P13B in 8 years

[ad_1] Sanctions imposed on banks that failed to satisfy the necessary credit score allocation for agriculture and land reform totaled greater than 13 billion pesos over an eight-year interval, in accordance with a central financial institution official. “We collected round 13.4 billion pesos in agro-agricultural penalties from 2011 to 2018,” …

Read More »

Your central financial institution – Manila Commonplace

[ad_1] “The governor’s reply to this conundrum: simply preserve being optimistic.” The COVID-19 pandemic is above all a well being disaster. That is what Governor Benjamin Diokno of Bangko Sentral ng Pilipinas (BSP) says. But the top of the central financial institution alone has poured more cash into the financial …

Read More »

SSS unemployment profit claims enhance 10 occasions

[ad_1] Czeriza Valencia (The Philippine Star) – March 13, 2021 – 00h00 MANILA, Philippines – Unemployment claims from the state-run Social Safety System (SSS) elevated practically 10 occasions final yr after the unemployment charge hit an all-time excessive amid the pandemic, a stated yesterday the Ministry of Finance (DOF). Citing …

Read More »

Solon pushes Senate on Agri-Agra invoice

[ad_1] A invoice that enables banks to increase support to the agricultural sector and make them adjust to the Agri-Agra legislation continues to be pending within the Senate greater than a yr after the Home of Representatives handed the measure, has declared the primary creator of the invoice. Camarines Sur …

Read More »

Predatory payday loans keep getting worse and Congress needs to act

Ronnie Newman is the National Political Director of the American Civil Liberties Union (ACLU). With COVID-19 continuing unabated in much of the country, racial implications and economic consequences the pandemic are becoming more and more pronounced. Millions of people – disproportionately colored – are unemployed, threatened with eviction and struggle …

Read More »

How banks got into the payday lending business

This article was published by TalkPoverty.org. Get to know the new payday loan. It looks a lot like the old payday loan. Under the Obama administration, the Consumer Financial Protection Bureau attempted to curb abusive payday loans, including forcing lenders to ensure that borrowers had the funds to repay their …

Read More »

BSP Expands Kinds of Loans Thought of Agri-Agra Compliant

[ad_1] THE BANGKO SENTRAL ng Pilipinas (BSP) additional expanded the kind of loans counted as compliance with the obligatory credit score allowance for agriculture and land reform actions. “That is an interim measure pending the modification of the Regulation of the Republic (RA) 10,000 (Agri-Agra Reform Credit score Regulation of …

Read More »

UnionBank targets mass market and small companies

[ad_1] FACEBOOK / UBP.UNIONBANK.PLAZA UNIONBANK of the Philippines Inc. is seeking to increase its shopper base to incorporate extra micro, small and medium enterprises (MSMEs). Firms got down to digitize their operations amid the coronavirus pandemic. “It is a huge market and we predict this section wants consideration proper now,” …

Read More »