Friday, September 18, 2020
The Asian Development Bank (ADB) approved another emergency loan to the Philippines amounting to $500 million last Thursday, September 10, 2020. The policy-based loan is reportedly aimed to provide relief to the country as it battles disasters and fights...
Crowdfunding platform Crowd2Fund announced its relaunch and features an updated credit model for its website. The lender also announced its plans to extend its support of businesses and scale its Reboot Britain campaign. New listings were put to a halt...
The United Kingdom government’s debt recently reached a new high when it accumulated over £2 trillion in light of the virus pandemic spending, reported BBC. The overall 2020 debt so far has exceeded its 2019 figures. According to the Office...
China Banking Regulatory Commission said peer-to-peer (P2P) lending investors saddled more than 800 billion yuan in debt following the failed lending platforms. What was once 6,000 businesses strong, the P2P lending sector reduced to only a few dozens after new...
As the Congress further delays its decision regarding the proposed stimulus plan, President Donald Trump said Thursday, August 6, 2020, that plans to address student loan relief amid the pandemic via an executive action are currently underway. In a tweet...
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...

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