The US Federal Reserve announced Tuesday it is extending several of its emergency pandemic lending facilities by three months, in a bid to help the nation recover from the coronavirus pandemic.
According to Central Bank, the extensions apply to a...
The Philippine government inked a $370-million loan agreement with the Wolrd Bank to help the country redistribute approximately 1.4 million hectares of land to farmers. Around 750,000 farmers are slated to benefit from the lending initiative under the Comprehensive...
Mitsubishi UFJ Financial Group Inc. (MUFG) will be launching a lending business in Thailand through Grab, said Reuters. This is to monetize the investment it made to the ride-hailing company. MUFG invested $706 million in Grab back in February.
The...
Days after the House passes the extension of the pandemic small business loan deadline, President Donald Trump signed the extension of the Paycheck Protection Program (PPP) into law, reports CNN. Following the extension grant, the new deadline for application...
The Bank of Japan reportedly experienced a massive surge in virus loans following the launch of its new lending program, with as much as five times the normal showing interest in the second lending program, reveals Bloomberg.
On Wednesday, June...
Vermont State Treasurer Beth Pearce, along with the General Assembly, Vermont League of Cities and Towns, and the Vermont Bankers Association, introduced Tuesday the Municipal Emergency Statewide Education Property Tax Borrowing Program. Under the said service, municipalities can now...
The American Federal Reserve announced its Main Street Lending Program Expansion on Monday, June 8, 2020. Terms of the program now seek to encompass lower minimum amounts as well as extended loan terms, notes Yahoo! Finance.
Under the said lending...
According to the data released by the Bureau of Treasury on Tuesday, the Philippine government’s debt has ballooned to a massive ₱8.6 trillion as of April 2020. The rise in loans comes as the country seeks to get a...
HEROES ACT, a house bill supported by both Democrats and Republicans would give new graduates a chance to postpone repaying their student debt for a year with no interest, said CNBC. Senator Mitt Romney has also put forth a...
The Asian Development Bank (ADB) approved the $400-million loan to the Philippines last Tuesday, May 26, 2020. The loan is reportedly intended to boost the capital market development in the country.
According to the Manila Bulletin, the capital market development...
