The aim of the additional financing is to help local businesses with disrupted cash flows sustain operations and maintain jobs.

The investment particularly aims to bolster the ability of micro and small enterprises to continue operations in an environment made difficult by the COVID-19 crisis.

Ministry of Economy and Finance undersecretary of state Ros Seilava told a news conference that the economic crisis instigated by COVID-19 had been the primary trigger for the emergency SME lending endeavours.

This is an opportune time to take a close look at what tools exist in agricultural risk management that can be deployed both to address the current crisis and to build resilience for the future.

Many expats have been sending money as part of their preparation to return home due to joblessness abroad.

Moody’s said the fall in remittances could further widen the current account deficit of the Philippines and other countries.

Investment of $15 million bolsters funding base for important economic pillars.

Global Islamic Banking and Finance learning series is launched by AlHuda CIBE.

A global drop in remittances by migrant workers due to the coronavirus-induced recession will raise credit risk in countries most dependent on such inflows.

The accelerated adoption of digital has changed the way members will utilize credit unions and evaluate credit union services.