BSP backs warehouse receipts financing

THE PHILIPPINE central bank has pushed for amendments to the Warehouse Receipts Law of 1912, in which warehouse receipts financing would help provide loans for Filipino farmers and agriculture-based micro, small, and medium enterprises (MSMEs). “Now, more than ever, we need to take a whole-of-society approach toward putting in place necessary and responsive elements that […]

Philippines unlocks film financing deals with France under UN pact

THE Philippines has approved funding allowing it to participate in a United Nations (UN)cultural convention, unlocking future film financing deals with France, the Film Development Council of the Philippines (FDCP) said. “This morning, the (Department of Budget and Management) approved the budget for (participation in the 2005 United Nations Educational, Scientific and Cultural Organization convention), […]

NIA seeking to make irrigation attractive for PPP

THE National Irrigation Administration (NIA) said many irrigation projects are currently unattractive for public-private partnership (PPP) financing because of the low likelihood of earning commercial returns, but added that it is considering ways to raise the return on investment (RoI) for private partners. It described irrigation projects as being of “low economic viability” because their […]

DOF welcomes the enactment of Agri-Agra law amendments

FINANCE Secretary Benjamin Diokno welcomed the enactment of Republic Act 11901 otherwise known as the Agriculture, Fisheries and Rural Development Financing Enhancement Act of 2022, which lapsed into law on Thursday, July 28, 2022.“The enactment of the Agri-Agra law amendments is a welcome development for our agriculture sector — a top priority area of the […]

EQS-News: Huobi Tech Labs and China Communications and Transportation Association Logistics Investment and Financing Branch Reach a Strategic Cooperation to Maximize the Synergy

EQS-News via / 28/06/2022 / 11:23 UTC+8 Huobi Tech Labs and China Communications and Transportation Association Logistics Investment and Financing Branch Reach a Strategic Cooperation to Maximize the Synergy     [28 June 2022, Hong Kong] Recently, Huobi Tech Labs, a subsidiary of Huobi Technology Holdings Limited (“Huobi Tech”, stock code: 1611.HK), has formally […]

Interest rates, fees on small loans capped

LENDING and financing companies can no longer subject their customers to exorbitant interest rates for loans at will.The Securities and Exchange Commission (SEC) has issued Memorandum Circular 3, series of 2022, capping interest rates and other fees imposed by lending and financing firms, and their online lending platforms, for short-term, small-value loans primarily targeting low-income […]

DoF’s Dominguez proposes climate financing via multiple channels

FINANCE Secretary Carlos G. Dominguez III said climate financing should be done through grants, investment, and subsidies to improve vulnerable communities’ ability to adapt to climate risks. Mr. Dominguez, who represented the Philippines at the 26th United Nations Climate Change Conference (COP26) in Glasgow, said that climate financing should be done through this three-point “blended […]

DoF’s Dominguez says rich countries need to offer more climate funding

FINANCE Secretary Carlos G. Dominguez III said wealthy economies have not offered enough climate financing to help developing nations reduce their carbon footprints as they transition to clean energy, adding that such countries bear the most responsibility for their historic emissions. In a statement issued by the Department of Finance (DoF) Thursday, Mr. Dominguez said: […]

Elite Capital & Co. Registers “Government Future Financing 2030 Program” as an official UK Finance Trademark

LONDON, UK / ACCESSWIRE, Oct 28, 2021 – (ACN Newswire via – Dr. Faisal Khazaal, Chairman of Elite Capital & Co. Limited, announced today that 15th of October 2021 was a significant day for Elite Capital & Co., as two important events took place on this date. Firstly, the UK Intellectual Property Office approved […]

Crypto Financial Services Firm Blofin Raises US$12 Million Series A2 Led by KuCoin Eco Fund

BEIJING, Sep 27, 2021 – (ACN Newswire via – Crypto financial services firm Blofin has raised US$12 million in a series A2 round of financing, led by KuCoin Eco Fund, followed by Matrix Partners, Lingfeng Capital and Fenbushi Capital. In March of this year, Blofin finished a US$10 million A+ round of financing led […]

Nano Labs Completed Another Round of Equity Financing Raising Tens of Millions of US

George Town, Cayman Islands / SEAPRWire / September 21, 2021 / – Nano Labs Ltd, chip designer firm, completed another round of equity financing raising tens of millions of US. This round of financing was led by Yongwan Capital, followed by Hashkey and several other investors. Nano Labs is committed to provid infrastructure solutions for Metaverse. The […]

SEC wants over 800 companies listed at the stock exchange by 2024

The Securities and Exchange Commission (SEC) is encouraging more companies to tap the capital markets, in hopes that there would be over 800 companies listed at the Philippine Stock Exchange (PSE) by 2024.    “We challenge ourselves that by the time we celebrate our 88th year anniversary on November 11, 2024, there are at least 888 companies that […]

Leo Secures a Total of HKD1.15 Billion Green Loan after Successful Completion of Third Round of Green Financing

HONG KONG, Jul 28, 2021 – (ACN Newswire via – Leo Paper Group (Hong Kong) Limited (the “Group”), a global printing communications company based in Hong Kong, announced that its wholly-owned subsidiary, Leo Paper Group Finance Limited (“Leo”), has signed a HKD400 million four-year green term loan and revolving credit facility (“Green Loan”) with […]