New DBP facility to lend to OFW-entrepreneurs

June 30, 2011

The Development Bank of the Philippines (DBP) has recently set up a credit facility to finance the business plans of  overseas-based Filipino workers and their families. Called the “OFW Reintegration Program,” the new lending program Read More

Philippine banks can lend more to businesses

May 17, 2011

With banks’ accumulated resources rising to P6.9 trlllion in February, lending by banks to consumer and corporate borrowers is expected to increase, according to a Bangko Sentral report. Data from the central bank showed that Read More

Ph to stockpile on diesel fuel

April 16, 2011

To secure the continuous supply of diesel in the country and in anticipation of supply disruptions in the world market, the government will start to stockpile on its  diesel reserves befor the end of May. Read More

Automakers feel pinch of Japan quake

March 27, 2011

With most of Japan’s auto industry shutting down after a powerful earthquake and tsunami devastated the country early this month, Nissan, Toyota, Honda, Mazda and other car makers have started resuming some production, although industry Read More

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