Business

D.B.P. ONLINE FUND TRANSFER PARTNER

State-owned Development Bank of the Philippines (DBP) is partnering with TimesofMoney, Ltd. (TOML) through its Remit2Home service to enable overseas Filipino workers (OFWs) to transfer funds online to their beneficiaries in the Philippines. Photo shows DBP senior executive vice president Ma. Theresa Quirino shaking hands with TimesofMoney, Ltd. President Avijit Nanda. Also in photo are (from left) TOML Business Manager Ashish Saxena, TOML Head of Global Remittance Kunnal Sharma, and DBP Vice President George Inocencio.

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Ayala Joins Iloilo Power Project

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USAID, BPI Launch $35-Million Credit Facility To Assist SMEs

To promote broad-based and inclusive economic growth in the Philippines, the United States Embassy yesterday announced a new credit facility that will provide increased access to capital for the country’s small and medium sized enterprises (SMEs).