FOR the second straight time, the Covid-19 pandemic pushed the 60,000 Muslim Filipinos in the Visayas to celebrate Eid al-Adha on Tuesday, July 20, 2021, with small gatherings. The Muslim Filipinos opted to hold the celebrations in small gatherings to maintain the social distancing, according to the National Commission on Muslim Filipinos (NCMF). NCMF Director […]
Tag: small
IPOPHL to help small firms apply for international patents
THE intellectual property office said it plans to assist small businesses applying for international patents under a partnership with the Philippine Chamber of Commerce and Industry (PCCI). The PCCI and the Intellectual Property Office of the Philippines (IPOPHL) signed a memorandum of agreement Monday to work on training business representatives and promoting the country’s intellectual […]
Joy Spreader Included in the MSCI China Small Cap Index
HONG KONG, May 13, 2021 – (ACN Newswire via SEAPRWire.com) – On May 12th , Joy Spreader (06988.HK), a Hong Kong-listed company, announced that the Company is incorporated into the MSCI China Small Cap Index, with effect upon the closure of the market on May 27, 2021. It is reported that the MSCI China Small […]
Credit access for small firms still unreliable, study finds
BW FILE PHOTO SMALL-BUSINESS access to credit in the Philippines remains irregular during the pandemic, according to a survey conducted by CPA Australia. The survey, which took in input from 300 small businesses, CPA Australia found that 64% of respondents sought external financing last year to either grow their businesses or survive the pandemic. The […]
Banks’ loans to MSMEs fail to hit quotas in Q4
BIG AND THRIFT banks were unable to disburse the minimum credit for small businesses required by law in the fourth quarter of 2020, data from the Bangko Sentral ng Pilipinas (BSP) showed. Loans disbursed by the banking industry to micro-, small-, and medium-sized enterprises (MSMEs) stood at just P480.501 billion versus their lending portfolio worth […]
LANDBANK looking to expand lending program for small firms
LAND BANK of the Philippines (LANDBANK) will expand its lending program for small firms and cooperatives to help them recover from the impact of the pandemic — PNA.GOV.PH STATE-RUN Land Bank of the Philippines (LANDBANK) plans to expand its lending program for small businesses and cooperatives further to extend credit to more borrowers at a […]
Fewer firms applying for gov’t loan program
FEWER small businesses have been applying for the government’s P10-billion loan program amid low business confidence, the Department of Trade and Industry (DTI) said. DTI Secretary Ramon M. Lopez said small businesses fear inability to pay back loans as customer demand is still down. Loans released by the DTI’s Small Business Corp. (SB Corp.) COVID-19 […]
Release rate for small business assistance loans less than 20% by end of 2020
LOANS released under the government’s assistance program for small businesses have topped P2 billion to date, or under 20% of the program’s funding. The Department of Trade and Industry’s (DTI) Small Business Corp. (SB Corp.) was allocated P10 billion for lending to micro-, small-, and medium-sized enterprises under Republic Act No. 11494, the second stimulus […]
Capitol to hold 2nd round of ‘Sugbusog’
THE Cebu Provincial Government is set to award the winners of the second round of its “Sugbuanong Busog, Luwas ug Himsog (Sugbusog)” program in May 2021. The program, which aims to help families in the Province recover from the effects of the Covid-19 pandemic by becoming more self-sufficient through backyard gardening, is set to introduce […]