Latest Breaking News On - பிலிப்பைன் உத்தரவாதம் நிறுவனம் - Page 1 : comparemela.com
Sandiganbayan junks plea to dismiss case vs 2 ex-TIDCorp officials, 3 individuals
mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
More financing options for MSMEs
visayandailystar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from visayandailystar.com Daily Mail and Mail on Sunday newspapers.
endIndex:
Metro Manila (CNN Philippines, May 13) A lawmaker has filed a bill seeking a ₱40-billion relief package for pandemic-battered Philippine air carriers.
House Bill No. 9324 or the Air Carriers Relief Act was filed by House Economic Affairs chairperson Rep. Sharon Garin. It shall recognize the vital role of the transportation sector in facilitating the flow of goods, people and investment. Towards this end, it shall be a priority of the government to provide reliefs for any threat to the existence of the air transport sector by extending loan payments, interest free loans, loan guarantees and regulatory reliefs during this challenging time of pandemic, the bill read.
House bill calls for P40-billion airline bailout BusinessWorld 3 hrs ago © Provided by BusinessWorld
A House legislator filed a measure Thursday that will allocate P40 billion to assist the air transport industry affected by the pandemic.
AAMBIS-OWA Party-list Rep. Sharon S. Garin filed House Bill 9324 or the proposed “Air Carriers Relief Act” which will provide a relief package to the air transport sector following the damage done to travel by the coronavirus disease 2019 (COVID-19) crisis.
The bill calls for “extend(ed) loan payments, interest-free loans, loan guarantees, and regulatory relief” for the industry.
The P40-billion package will consist of P10 billion in interest-free loans to be provided by the Development Bank of the Philippines (DBP); P10 billion in guarantees from the special fund of the Philippine Guarantee Corporation; P10 billion in relief from regulatory fees; and a P10 billion provision for rapid COVID-19 testing.
Published March 15, 2021, 7:10 AM
As alternative compliance to the reserve requirements (RR), bank lending to micro, small and medium enterprises (MSME) reached P154.1 billion in 2020, about 11 percent of the required reserves.
Loans to large enterprises as alternative RR compliance amounted to P32.9 billion or 2.3 percent of the required reserves.
The Bangko Sentral ng Pilipinas (BSP) said there is a lot more room in the utilization of loans to both MSMEs and large enterprises based on the limits set by the Monetary Board of P300 billion for MSMEs and P425 billion for large enterprises.
The latest utilization leaves P145.9 billion and P392.1 billion in available balance for loans to MSMEs and large enterprises, respectively, said the BSP.
vimarsana © 2020. All Rights Reserved.