Sec. Lopez: DTI Secures New Funding For MSME Loan Program

Sec. Lopez: DTI Secures New Funding For MSME Loan Program

Spotlight

EDSA Busway System To Implement Fully Cashless Transactions With Beep Cards

Cashless transactions via Beep card will begin on October 1.

SM Wins At 2019 Asia Sustainability Reporting Awards

The SM Investments Corporation has bagged yet again another award!

7 Commandments To Revitalize The Country Safely

Medical experts recommend strict health protocols for public transportation.

Alibaba Cloud Launches New Digital Ecosystem Strategy In The Philippines

This will help local businesses adapt further to the new normal!

Trade Secretary Ramon Lopez said the Small Business (SB) Corp., the financing arm of the Department of Trade and Industry (DTI), has been able to secure fresh funding for the Covid-19 Assistance to Restart Enterprises (CARES) program to assist the recovery of small-scale businesses.

In a text message on Thursday, Lopez said government financial institutions Land Bank of the Philippines and Development Bank of the Philippines (DBP) have provided PHP1 billion to SB Corp. to continue the rollout of the loan program for micro, small, and medium enterprises (MSMEs).

The SB Corp. has stopped receiving new applications for the CARES program as loan applications have reached PHP3.5 billion.

The DTI initially earmarked PHP1 billion for the program.

“We are just completing documentation from (the) SB Corp. side,” Lopez said, adding that fresh funding may be rolled out next week.

Aside from Landbank and DBP, the DTI is also allocating funds from its “Pondo sa Pagbabago at Pag-asenso”, or P3 loan program.

Early this week, Lopez said an additional PHP5 billion would be “good enough for now” to sustain the CARES program. (PNA)

EDSA Busway System To Implement Fully Cashless Transactions With Beep Cards

Cashless transactions via Beep card will begin on October 1.

Chooks-To-Go Goes Full-On Digital With Globe Business, AdSpark Chatbot

With its latest partnership with Globe and AdSpark, you can now connect to Chooks-to-Go via Facebook Messenger!

Mayor Labella Releases Video On Protocols Vs. COVID-19

The video features millennial twins singing the song 'Igsuon Ko'!

Pasig Inspects 20K Tablets For Distance Learning

The Pasig City government gears up for the distance learning by inspecting the tablets that they are going to distribute soon.

P10-M Aid Allotted For Relocation Sites Of NotCot Quake Victims

Earthquake-hit areas in North Cotabato receive aid for the acquisition of relocation sites.

Global COVID-19 Deaths Surpass One Million

COVID-19 casualties across the world exceed 1 million. Wear your masks!

7 Helpful Apps For Your Online Classes

Make your online classes easier to deal with with these apps!

Comelec Says Low Voter Registration Turnout ‘Expected’

Have you registered to vote yet?

Alibaba Cloud Digitalizes Sports Events With More AI Solutions

Cloud technologies revolutionize sports entertainment bringing new experiences to fans, organizers and broadcasters.

Hospitals ‘Strictly Prohibited’ From Charging For Donated PPE Use

According to Vergeire, aside from the donated PPE, pieces of hospital-acquired PPE may be charged to patients during the COVID-19 health emergency response period as per Department Memorandum 2020-0269.