Tag: loans

Contrary to detractors’ accusation that the Marcos administration rely solely on loans to remedy the country’s problems, President Bongbong announces that the Department of Social Welfare and Development’s “food stamps” to aid hungry Filipinos may be financed by the Asian Development Bank.  The food stamps can also be digital to allow recipients to buy food…

The Bangko Sentral ng Pilipinas assures depositors that their money is safe because, unlike American banks, local banks are not based on loans. Bankers Association of the Philippines explains further that the fallout from the closures of Silicon Valley Bank (SVB) and Signature Bank won’t have an impact on Philippine banks. They have diversified deposit…