Monthly Archives: October 2009

Access to credit among small businesses are largely associated with the level of development of rural banks in their area since most of the country’s small and medium enterprises (SMEs), mostly located in the provinces, rely on the services of banks nearest to them.

CEBU, Philippines – Soon solo parents in Cebu City and their children can already avail of a package of benefits from the city government.

MANILA, Philippines – A law that will provide the regulatory framework for real estate investment trusts (REITS) is expected to be signed by the end of the year, allowing the Philippines to take a significant step in recognizing the importance of real estate as an alternative investment instrument.

ISTANBUL, Turkey (AP) – Likely losses from the financial crisis in the three years to 2010 have been reduced by $600 billion to $3.4 trillion as the world economy grows faster than previously expected, the International Monetary Fund said Wednesday.       

MANILA, Philippines – Amid growing concerns on global climate change, the Department of Energy (DOE) is eyeing to make renewable energy sources account for the biggest share in the country’s power generation mix.

WASHINGTON – The Global Fund to Fight AIDS, Tuberculosis and Malaria (GFATM) said it has suspended all five of its grants to the Tropical Disease Foundation (TDF) in the Philippines because of misuse of funds.

MANILA, Philippines – Mall owners can collect parking fees from motorists using their premises without violating the law, the Supreme Court (SC) has ruled.