Go digital. This was the message of Small Business Corporation (SBCorp) to micro, small, and medium enterprises (MSMEs) during a recent virtual webinar entitled: “The New Normal is Digital: Business Solutions for MSMEs
LANDBANK okays P68-M loan for modern jeepneys in Novaliches
In support of the National Government’s drive toward building a modernized transport system, the Land Bank of the Philippines (LANDBANK) approved a P68-million loan to the Novaliches Development Cooperative (NOVADECI). The funding will be used to purchase 32 modern jeepney units seen to benefit over 500 drivers and operator-members.
DBP partners with DA to boost cash aid disbursement
State-owned Development Bank of the Philippines (DBP) has signed a memorandum of agreement (MOA) with the Department of Agriculture (DA) to facilitate the disbursement of financial assistance to the agriculture sector.
ADB approves policy-based loans for high-quality public services
The Asian Development Bank has approved a $400 million policy-based loan to the Philippines to help improve local governments’ capacity to provide high-quality public services, especially during the COVID-19 pandemic.
The ASKI Skills and Knowledge Institute, Inc. (ASKI-SKI) inaugurated its new building known as the RBV Building (named after our visionary and development-oriented President and CEO Mr. Rolando B. Victoria) in August 2, 2021. It is situated in a 2.8-hectare compound in Brgy. Sampaloc, Talavera, Nueva Ecija.
SME Bank’s sustainability sukuk shifts SMEs into green circular economy
SME Bank’s successfully priced and issued the Sustainability Islamic Medium-Term Notes (IMTNs); with the final price for the issuance recording 59 basis points above the corresponding 5-year Malaysian Government Securities, paving the way in transiting SMEs into the green circular economy.
Bank Pembangunan’s financing scheme supports economic recovery
Bank Pembangunan Malaysia Bhd (BPMB) has offered five financing schemes totalling RM5.6bil, at preferential financing rates, as it is committed to support the country’s economic recovery in line with its developmental mandate.
ICD hosts webinar on covid-19 pandemic and measures by FIs
The Islamic Corporation for the Development of the Private Sector (ICD), which is Islamic Development Bank (IsDB) Group’s private sector development arm, organized a webinar entitled "Impact of COVID-19 Pandemic and Measures Taken by Financial Institutions: Actions and Regulations" on August 18, 2021.
Source: Islamic Corporation for the Development of the Private Sector (ICD) of the Islamic
Guwahati, Aug 5 (PTI) Assam government, NABARD and Assam Infrastructure Financing Authority (AIFA) have signed a Memorandum of Understanding (MoU) to boost the execution of development projects in the state.
Source: National Bank for Agriculture and Rural Development
FM launches the Ubharte Sitaare Fund to support India’s future export champions
The Hon’ble Finance Minister of India, Smt. Nirmala Sitharaman, on Saturday, August 21, 2021, launched the Ubharte Sitaare Fund in Lucknow in the presence of Shri Siddharth Nath Singh Hon’ble Minister for MSME and Export Promotion, Government of Uttar Pradesh and Shri Pankaj Jain, Additional Secretary, Department of Financial Services, Ministry of Finance, Government of India.
The upturn in sentiment on the German venture capital market will continue in the second quarter of 2021. The business climate indicator of the early-stage segment rose by 10.5 points to 37.8 balance points, marking a new record.
In the 1st half-year 2021 JSC Development Bank of the Republic of Belarus (Development Bank) continued active realization of one of its core missions - financial support to Belarusian export through granting export credits.
Source: JSC Development Bank of the Republic of Belarus
On the invitation of China City Development Foundation and Macao Economic Society, ADFIAP, represented by its Secretary-General, Enrique I. Florencio, spoke on ADFIAP’s greening initiatives with its members’ projects on renewable energy, energy efficiency, and other related sustainable development projects. Mr. Florencio also shared ADFIAP’s 20-year journey of embracing and embedding the principles of EESG (economic, environmental, social, and governance) together with its member-DFIs that led to the institutionalization of green finance in their loan portfolios.
On the invitation of the Philippine Star, an English-language print and digital newspaper in the Philippines and the flagship brand of the PhilStar Media Group, ADFIAP, represented by its Secretary-General, Enrique I. Florencio, spoke on ADFIAP’s story of a 20-year journey of embracing and embedding the principles of EESG (economic, environmental, social and governance) together with its member-DFIs or development finance institutions that led to the institutionalization of green finance in their loan portfolios.
Urgent support required to prevent Asian and Pacific Least Developed Countries slipping backwards
As multiple crises swirl around the globe, a United Nations summit will hear this week how the hard-won development gains of the twelve Least Developed Countries (LDCs) in Asia and the Pacific are under threat and require immediate international attention. Senior officials will meet in Geneva from 30 August – 2 September to discuss how the international community can support them after the shock of pandemic-related collapses in commodity prices, foreign direct investment and tourism.
World leaders and experts call for significant reduction in the use of antimicrobial drugs in global food systems
Global leaders and experts today called for a significant and urgent reduction in the amounts of antimicrobial drugs, including antibiotics, used in food systems recognizing this as critical to combatting rising levels of drug resistance.
ADB Data Show the Impact of COVID-19 on Government Finance in Developing Asia
Many countries in developing Asia have been left with large negative fiscal balances due to the impact of coronavirus disease (COVID-19), Asian Development Bank (ADB) data show. A fiscal imbalance occurs when a government spends more money than it takes in through tax and other revenues.
World Health Organization is taking concrete steps to improve its environmental sustainability. The organization has put forward several initiatives to align with the UN 2020-2030 Strategy for sustainability management, including those in the five environmental impact areas and within the six management functions: