Articles worth reading
Pasay City Mayor Emi Calixto-Rubiano

Pasay families to receive P8,000 aid

account_balancePasay access_time5 days ago

Qualified family beneficiaries of the government's second tranche of the social amelioration program (SAP) in Pasay City will receive assistance of P8,000 beginning Oct. 21, according to Mayor Emi Calixto-Rubiano in a report by Philippine News Ag...

Graft charges eyed against FDA for allegedly accepting ‘lobby’ grants

account_balanceMetro Manila access_time5 days ago

Consumer groups said they plan to file graft charges before the Ombudsman against the officials of Food and Drugs Administration who confirmed in a public hearing that they received grants from foreign vested interest groups. Anton Israel, president...

Senator Maria Imelda Josefa

Marcos pushes for AMLA reforms

account_balanceMetro Manila access_time5 days ago

Senator Maria Imelda Josefa "Imee" Marcos said Filipinos working abroad and sending money back to the country may face difficulties if legislation seeking to strengthen the county's anti-money laundering efforts are delayed, according t...

Metro News

ADB approves $200-million loan for poor Filipinos

account_balanceMetro News account_circleJake Cruz chat_bubble_outline0 Comments

The Asian Development Bank (ADB) said it approved a $200-million loan for the Philippines to finance emergency cash subsidies for beneficiaries of the Pantawid Pamilyang Pilipino Program (4Ps) in April and May.

According to ADB, the loan is under the Social Protection Support Project-Second Additional Financing Program, and will contribute to the $726-million required for 4P beneficiaries this month and the next.

"This global pandemic, of a kind not seen in the last century, has disrupted the livelihoods of millions of Filipinos and could set back the very substantial gains the country has made in reducing poverty in recent years," ADB vice president Ahmed Saeed said.

"The new loan supports the government's emergency subsidy program, which was designed to help vulnerable households get through this very difficult period and avoid falling into poverty," he elaborated.

Just last week, the ADB and the Philippines signed a $1.5-billion agreement, roughly P76.5 billion, as budgetary support for the government's fight against COVID-19 through the Countercyclical Support Facility Pandemic Response Option (CPRO).


date_rangeDate Published
5 months ago
shareShare article
folder_openArticle tags
content_copyCategorized under

Share your thoughts with us

Related Articles

Camarin Residences / Mayor Osca Malapitan Facebook Page

Caloocan provides home to 30 families 

account_balanceCaloocan chrome_reader_mode6 days ago

A safe and orderly life awaits 30 families who were successfully relocated on October 16 by the Caloocan City government, according to a report by Manila Standard. With the help of employees from the Caloocan City Housing and Resettlement Offic...

Photo Courtesy of Michael Varcas, The Philippine STAR

QC taps citizens in reporting erring establishments 

account_balanceQuezon City chrome_reader_mode5 days ago

To avoid a spike in coronavirus disease 2019 (COVID-19) with the impending opening of the economy and enforcement of relaxed quarantine guidelines, the Quezon City government plans to elicit the cooperation of its citizens in reporting establishments...

Red Cross asked to resume COVID-19 tests 

account_balanceMetro Manila chrome_reader_mode1 day ago

Malacañang Palace asked the Philippine Red Cross (PRC) to resume COVID-19 testing services that will be charged to the Philippine Health Insurance Corp., according to a report by GMA News. In a statement, Palace spokesperson Harry Roque said ...

The struggles in 2020 of the casino industry in the Philippines

account_balanceMetro Manila chrome_reader_mode1 month ago

Do you want to learn more about the challenges and predictions for the gambling industry in the Philippines? Find all answers in this article!

Let's Stay Connected Like us on our Facebook page.
×
Click on the article to continue reading
Manila won't hold Traslacion 2021 SMC expressways ready for 100% cashless tolls by Nov. 2 Pope supports same-sex union Angkas allowed to resume operations LTFRB authorizes more jeeps, UV Express vans LTO releases new motorcycle plates Send Press Release MNC Facebook Page MNC Twitter Page MNC Instagram Page LGU Spotlight Barangay Front Business Sports Entertainment Metro Gen Metro Feature