TikTok loans target financing gap for small sellers
TikTok Shop and GoTyme Bank on Thursday launched TikTok Shop Loans, a fast and flexible financing service tailored specifically for micro, small, and medium enterprises (MSMEs) in the Philippines.
Mobile energy systems boost AFP’s emergency operations
The Department of Energy (DOE), in partnership with USAID-Energy Secure Philippines and the Hawaii Natural Energy Institute, officially handed over three mobile energy systems (MES) to the Armed Forces of the Philippines (AFP) to enhance energy access during critical operations and emergencies.
Non-bank finance players deepen economic reach
The other financial corporations (OFCs), a key segment of the Philippine financial system outside traditional banks, insurers, and pension funds, expanded their domestic assets to ₱10.6 trillion in the first three months this year, reflecting a 4.9 percent increase quarter-on-quarter and a robust 14.6 percent growth year-on-year, according to preliminary data from the Bangko Sentral ng Pilipinas (BSP).
Agri damage from typhoons, monsoon hits P3B
Damage to agriculture from the combined effects of Typhoons Crising, Dante, and Emong, along with the southwest monsoon (habagat), has reached ₱3 billion, according to a 31 July advisory from the Department of Agriculture (DA).
Gov’t pushes RICE Act to counter RTL impact
The Department of Agriculture (DA) is calling for urgent amendments to the Rice Tariffication Law (RTL), warning that the current structure threatens the survival of the local rice industry even with positive production forecasts for the year.
