Asialink Finance Corporation (AFC) has expanded its financing support with the introduction of the GrowBiz Loan, a new program designed for businesses that offer medium enterprises access to up to ₱100 million in funding. This seven-year term program represents a five-fold increase in maximum loan amount and a two-year repayment extension compared with the company’s existing Real Estate Mortgage Loan capped at ₱20 million over only five years.
The Bangko Sentral ng Pilipinas (BSP) has issued a public advisory warning against fraudulent schemes where individuals falsely present themselves as BSP officials or employees to deceive people.
Treasury bill yields climbed across all maturities at Monday’s auction as investors priced in the Bangko Sentral ng Pilipinas’ recent rate hike and the prospect of further monetary tightening amid an elevated inflation outlook.
The Bangko Sentral ng Pilipinas is pushing to close a persistent financing gap for micro, small and medium enterprises, with bank loans to the sector reaching more than P580 billion but accounting for only about 6 percent of total business lending.
China Bank Savings (CBS) is bolstering its field-based lending services for Department of Education (DepEd) teachers and non-teaching employees through a strengthened collaboration with PLDT Enterprise and Samsung Electronics Philippines.