P1-B MICRO LOAN

 


CONSISTENT with the initiatives of President Rodrigo Duterte to help small and medium entrepreneurs throughout the country, the national government has allotted P1 billion for next year to provide micro enterprises an alternative source of financing that is easy to access and at a reasonable interest.
The funding will be released through the Small Business Corporation (SB Corp.), the micro-financing arm of the Department of Trade and Industry (DTI).
“The President has vowed to provide affordable micro-loans for micro entrepreneurs and we are here to deliver this promise through the Pondo sa Pagbabago at Pag-asenso (P3),” DTI-Regional Operations…

Read more: P1-B MICRO LOAN

Newly-licensed nurses told to serve their communities first

 

By Rose de la Cruz

 

Before even embarking for jobs abroad, the fresh batch of licensed nurses were asked to first serve their local communities (places of residence or birthplace) as the country also is in dire need of nurses.

 

The appeal was made by Rep. Bernadette Herrera-Dy of Bagong Henerasyon Partylist and cvhair of the committee on public information, in view of the 350 nursing requirement of Germany as reported by the Philippine Overseas Employment Administration under a Triple Win with Germany program.

 

As a member of the House Committee on Health, I congratulate the…

Read more: Newly-licensed nurses told to serve their communities first

NEDA confident of meeting growth target of 6.5-7.5 percent

 

By Rose de la Cruz

 

Because of the 6.7 percent growth in the first three quarters of 2017 brought about by a robust domestic consumption and government spending and a recovery in external demand, the National Economic and Development Authority is confident that the country would meet its full-year growth target of 6.5 to 7.5 percent.

 

This even as the Asian Development Bank projects a full-year growth of 6.7 percent vis-à-vis Vietnam’s 6.5 percent, China’s 6.4 percent, and India’s 7.4 percent, said a yearend report of Socioeconomic Planning Secretary Ernesto Pernia.…

Read more: NEDA confident of meeting growth target of 6.5-7.5 percent

Swiss-based firm sees Duterte’s infra program lifting growth in 2018

 

By Rose de la Cruz

 

Switzerland-based UBS, a global financial provider of business solution and advise, predicts the growth of the Philippine economy being lifted in 2018 by the Duterte administration’s mammoth BuildBuildBuild program.

 

In a call conference with media, UBS senior economist for ASEAN Edward Teather, said the massive infrastructure program will lift the growth in 2018 despite credit cycle excesses and inflation and the Fed policy tightening to induce rate hikes from Bangko Sentral ng Pilipinas.

 

The Philippines economy is likely to accelerate into 2018, off the back of rising public investment as the…

Read more: Swiss-based firm sees Duterte’s infra program lifting growth in 2018

China to donate solar lights to Antique province, El Nido town in Palawan

 

China is donating close to 3,000 units of solar-powered LED street light and home solar power system to help communities in the province of Antique and the municipality of El Nido in Palawan province combat climate change.

This, as Secretary Roy A. Cimatu of the Department of Environment and Natural Resources (DENR) and China’s Zhang Young, vice chair of the National Development and Reform Commission (NDRC), signed a memorandum of understanding (MOU) for the grant of solar energy devices to Antique and El Nido. 

The MOU signing was held at the Reception Hall of Malacañang Palace during the…

Read more: China to donate solar lights to Antique province, El Nido town in Palawan

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