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March 05, 2024

Landbank extends P20.1B loans to fund renewable energy projects

Government-owned Land Bank of the Philippines headed by bankero Cecilia Borromeo has approved P20.1 billion worth of loans to bankroll renewable energy projects as the country reels from the effects of changing global climates and shifting weather patterns.

Q1 budget shortfall narrows to P316.8B

The budget deficit incurred by the national government narrowed by 1.4 percent to P316.8 billion in the first quarter of the year from P321.5 billion in the same quarter last year on the back of the double-digit growth in revenue collections.