LANDBANK Launches Loan Program For COVID-19-Hit Firms, Coops

LANDBANK Launches Loan Program For COVID-19-Hit Firms, Coops


PAGEONE Group CEO Included As Expert In The Social Media Trends 2021 Global Report

PAGEONE Group CEO Ron F. Jabal, APR included as one of the industry experts in the Social Media Trends 2021 Global Report by Talkwalker and Hubspot.

Transport Coop. Provides More Than 25k Free ‘Green Cards’ For Cashless Transactions

A transport cooperative operating in Las Piñas provides 25,735 passengers with the means to safely board and ride their solar electric jeepneys along the route of Alabang to Zapote.

The Importance Of Deepening Ties And Friendship On Online English Education

51Talk hosts the 2020 Sino-Philippines Educational Exchanges in celebration of the 45th anniversary of the founding of bilateral relations between the Philippines and China.

DBP Backs Public Transport Sector Recovery

DBP is working closely with the Department of Transportation (DOTr) and the Land Transportation Franchising and Regulatory Board (LTFRB) in finding financial solutions to aid the country's transportation sector due to the difficulties presented by the pandemic.

The Land Bank of the Philippines (LANDBANK) is offering a new lending program to help small and medium enterprises (SMEs), microfinance institutions (MFIs), and cooperatives recover from the impact of the coronavirus disease (Covid-19) pandemic.

Through the I-RESCUE (Interim REhabilitation Support to Cushion Unfavorably-affected Enterprises by Covid 19) Lending Program, LANDBANK is providing assistance through credit and loan restructuring under more flexible terms and conditions.

Interested SMEs, MFIs, and cooperatives may borrow up to 85 percent of their actual need for working capital, at an affordable interest rate of 5-percent per annum, payable up to a maximum of five years, with a grace period on the principal payment.

I-RESCUE likewise offers restructuring of existing loan account via an additional loan, extended repayment period, or through other means (or combination of means).

The loan may be extended up to a maximum of 10 years, with up to three years grace period on the principal and up to one year grace period on interest, depending on cash flow.

“LANDBANK stands ready to respond to the financial needs of enterprises hardly hit by the Covid-19 pandemic for rehabilitation support. We hope that the I-RESCUE Lending Program will help restore economic and social activities in our country, especially in the countryside,” LANDBANK president and CEO Cecilia Borromeo said.

The LANDBANK I-RESCUE Lending Program is in support of Republic Act No. 11469 or the “Bayanihan to Heal as One Act,” which ensures the provision of timely and affordable credit to sectors affected by Covid-19, including small farmers and fishers.

Interested borrowers may contact the nearest open LANDBANK Lending Center or Branch nationwide, or call LANDBANK’s customer service hotline at (02) 8-405-7000 or at PLDT Domestic Toll-Free 1-800-10-405-7000.

Ariana Grande Teases Fans With A New Album

Fans look forward to the album to drop on these dates:

Motorcycle Taxis Can Resume Ops With Congress Nod

Angkas might resume operations soon! But how soon?

VP Leni Visits the OVP Community Learning Hub in Barangay Pinagbuhatan, Pasig City

Pasig City Mayor Vico Sotto accompanies Vice President Leni Robredo as they meet the volunteer tutors for the hub, as well as one of the parents and her children who have signed up for this assistance.

PH COVID-19 Recoveries Now 310,303

The Department of Health also logs 2,638 new confirmed cases, bringing the total number of active cases to 42,191 on Monday.

Mayor Isko Implements Shorter Curfew Hours

Manila City moves the curfew hours from midnight to 4 a.m.

PhilHealth To Enroll Unregistered IPs Via Konsulta

PhilHealth plans to register indigenous peoples into the National Health Insurance Program through its Konsultasyong Sulit at Tama program.

DOH Cites Ways To Avoid ‘Quarantine Fatigue’

Fed up with the cabin fever? Here are some ways on how you can cope with it:

NegOcc Links With State College For Employees’ Postgrad Studies

Negros Occidental partners with the Carlos Hilado Memorial State College based in Talisay City to grant 200 postgraduate scholarships for Negrense government employees.

Bataan Holds Early ‘Undas’ Due To Pandemic

Instead of November 1, Bataan residents are allowed to visit cemeteries from October 15 to 28.

Nograles: Nat’l Land Use Act Needed To Ensure PH Food Security

Cabinet Secretary Karlo Nograles renews the administration’s call for the passage of a National Land Use Act saying it is needed to ensure the country’s food security.