SME News
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2020-11-05
BSP starts database project for SMEs
The Bangko Sentral ng Pilipinas (BSP) this month will start collecting data for its three-year credit risk database (CRD) project that will make it easier for small and medium enterprises (SMEs) to access financing from banks. BSP Governor Benjami...
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2020-11-05
HDC, MoED, BCC sign MoU to collaborate on SME initiatives in Hulhumale'
Housing Development Corporation (HDC), on Thursday, signed a joint Memorandum of Understanding (MoU) between the Ministry of Economic Development and the Business Centre Corporation (BCC) to collaborate on Small and Medium Enterprise (SME) specific p...
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2020-11-05
Small Businesses Add 114,000 Jobs to Economy
Small businesses added 114,000 new jobs in October according to ADP’s National Employment Report. Small businesses contributed to almost a third (31.23) of the 365,000 new hires during the past month. The Octo...
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2020-11-05
Burbank offering $400,000 in loans to small businesses hit by COVID-19
The city of Burbank is offering $400,000 in loans to small businesses impacted by the COVID-19 pandemic. The loans, which range from $5,000 to $10,000, are technically forgivable grants and are being distributed through the Burbank Coronavirus Sma...
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2020-11-05
State-run SME Bank soft-launches operations
The state-owned Small and Medium Enterprise Bank of Cambodia Plc (SME Bank) on Thursday soft-launched banking operations, it said in a press release. SME Bank described its mission as “to provide financing and commercial banking services in ...