Banks sees decrease in non-performing loans as economy opens up

Bankers Association of the Philippines President and Chairperson Jose Arnulfo Veloso says they see a decrease in the number of non-performing loans as the economy opens up. Veloso adds that banks are willing to loan money to small businesses looking to reopen.

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Renovated public libraries see jump in visitors, book loans

Renovated public libraries have more space within and other add-ons, such as augmented reality experiences and 3D printers to entice library users. In fact, such libraries are seeing over 70% more visits on average after remodelling. Communications and Information Minister Josephine Teo shared this observation at the reopening of Choa Chu Kang Public Library. It will open to the public on Oct 28 after it closed for renovation works for two years. It’s the seventh renovated public library since 2017.

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SB Corp to offer zero-interest loans to help MSMEs with 13-month pays

#BusinessWorldLive | The Small Business Corp. (SB Corp.) is set to develop a loan program that will help micro, small, and medium enterprises (MSMEs) pay the 13th month salaries of their employees, the Dept. of Trade and Industry said.

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Questions arise over federal loans for gallery selling Hunter Biden’s art

Sohrab Ahmari, New York Post op-ed editor, says U.S. taxpayers are funding Hunter Biden’s art display after the gallery’s federal COVID-19 relief loans increased when President Biden won the election.

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Energy firms could get government loans to take on customers from companies that go bust

Business Secretary Kwasi Kwarteng says energy companies could be offered state-backed loans in return for taking on customers from smaller suppliers if they go under.

Soaring global gas prices have throw the industry into crisis, hitting some smaller suppliers, but Mr Kwarteng insisted it was a "myth" that the UK supply of gas could run out and stressed "security of supply is not an issue".

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BSP open to extend loans to national gov’t ‘as long as necessary’

#BusinessWorldLive | The Bangko Sentral ng Pilipinas says it is willing to extend loans to the national government “for as long as necessary” to help the economy recover from the impact of the COVID-19 pandemic.

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Businesses seek restructuring loans due to the impact of the pandemic

Several businesses are hesitant to apply for bank loans while other firms seek restructuring loans and payment terms, following the impact of the COVID-19 pandemic. The Bangko Sentral ng Pilipinas though assures the banking sector is far from collapse.

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For the 7th Time, Neighborhood Loans Appears on the Inc. 5000, Ranking No. 831 With Three-Year Revenue Growth of 591%

Inc. magazine today revealed that Neighborhood Loans is No. 831 on its annual Inc. 5000 list, the most prestigious ranking of the nation’s fastest-growing private companies.

(PRWeb August 21, 2021)

Read the full story at https://www.prweb.com/releases/for_the_7th_time_neighborhood_loans_appears_on_the_inc_5000_ranking_no_831_with_three_year_revenue_growth_of_591/prweb18143893.htm