PHL launches maiden offer of Sukuk bonds, eyes $500M
THE Philippines has formally launched its maiden offering of benchmark-sized Islamic bonds or Sukuk bonds with a minimum target of raising $500 million.
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Land Bank of the Philippines
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Government aims to improve food production via geomapping
President Ferdinand R. Marcos Jr. has ordered the geomapping of agricultural lands in the country to optimize food production.
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SP Zubiri confident Maharlika fund law ‘can withstand judicial scrutiny’
DESPITE the huge majority vote that approved the Maharlika Investment Fund (MIF) bill in both chambers of Congress, Senate President Juan Miguel Zubiri still expects some parties to question the law before the Supreme Court, but is confident it can “stand the test of judicial scrutiny.”
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LandBank starts release of ₧10.3-M fuel subsidy
THE Land Bank of the Philippines (LandBank) said it began disbursing P10.3 million to over 10,300 tricycle drivers as part of the government’s fuel subsidy program.
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‘Bank account provision must be in National ID law’
SEN. Sherwin T. Gatchalian expects an enabling law in place by January 1, 2023, requiring all Filipinos registered in the national identification (ID) system to own a bank account enabling access to government’s financial services.
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DOF eyes LandBank unit in Bahrain
THE Department of Finance (DOF) is eyeing to establish a subsidiary of the Land Bank of the Philippines (LandBank) in Bahrain to better serve the banking needs of overseas Filipino workers (OFWs) in the area, and improve the trading relationship of both nations.
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LandBank, Jica ink loan agreement for agribusiness ventures in ARMM
The Land Bank of the Philippines (LandBank) and the government of Japan have signed a loan agreement worth ¥4.93 billion (about P1.76 billion) to fund a five-year project that will strenghten agribusiness investments in the Autonomous Region in Muslim Mindanao (ARMM) and other conflict-affected areas in the South, according to the Department of Finance (DOF).
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