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The Bombay 5-6 moneylending system is an informal lending practice prevalent in the Philippines, historically associated with small-scale, short-term loans provided by Indian-Filipino lenders, often colloquially called “Bombay.” This system is named "5-6" due to its interest structure: for every PHP 5 borrowed, borrowers repay PHP 6 ...
The order transferred the guarantee functions, programs, and funds of the Small Business Corporation and the administration of the Agricultural Guarantee Fund Pool and the Industrial Guarantee and Loan Fund to the PhilExim, the surviving entity in the amalgamation of the five Philippine Guarantee Programs and Agencies.
The national debt of the Philippines is the total debt, or unpaid borrowed funds, carried by the national government of the Philippines. As of the end of October 2024, the total national debt of the Philippines amounts to ₱15.1889 trillion ($273.9 billion). [1]
The Credit Information Corporation (CIC) is a government-owned and controlled corporation providing credit information system in the Philippines.It was created in 2008 by the Credit Information System Act (CISA) to construct a centralized, comprehensive credit information system for the collection and dissemination of accurate and fair information relevant to, or arising from, credit and ...
[97] [98] Attractive economic opportunities boosted Chinese immigration to Spanish Manila and the new Chinese settlers brought with them their skills, culinary traditions and language, with the latter then influencing the native languages of the Philippines in the form of loanwords, most of which are related to cookery. [99]: 5 [100]
The Department of Finance (DOF; Filipino: Kagawaran ng Pananalapi) is the executive department of the Philippine government responsible for the formulation, institutionalization and administration of fiscal policies, management of the financial resources of the government, supervision of the revenue operations of all local government units, the review, approval and management of all public ...
Some Philippine English usages are borrowed from or shared with British English or Commonwealth English, for various reasons. [example needed] Due to the influence of the Spanish language, Philippine English also contains Spanish-derived terms, including Anglicizations, some resulting in false friends, such as salvage and viand.
No. Title / Description Date signed Ref. 1 Abolishing the Presidential Anti Corruption Commission and the Office of the Cabinet Secretary.: June 30, 2022 [1]2 Reorganizing and Renaming the Presidential Communications Operations Office and its Attached Agencies into the Office of the Press Secretary, Abolishing the Office of the Presidential Spokesperson, and for Other Purposes