Mabuhay Miles, former planes: PAL details guarantees to obtain crucial financing

Billionaire Lucio Tan’s Philippine Airlines (PAL) is pledging 15 planes, spare engines and frequent flyer miles as collateral to secure additional loans as part of an ongoing restructuring process. Following Chapter 11 Creditor Protection Plea in the United States to Write Off $ 2.1 Billion in Debt, PAL Seeks to Raise $ 505 Million in Debtor-In-Owner Financing (DIP) . The ...

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Majority House Whip Jim Clyburn Says ‘Possible’ Infrastructure Vote May Be Delayed

By Daniella Diaz, Aaron Pellish and Devan Cole, CNN (CNN) – House Majority Whip Jim Clyburn said on Sunday there was a “possibility” that the vote on a bipartite infrastructure package will be delayed, although Democratic House leaders have promised moderate members a vote by September 27. “There is always a possibility that the vote will be delayed, but the ...

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How Emerging Economies Can Overcome Private Sector Risk Perception

The perception of risk associated with investing in emerging markets remains one of the limiting opportunities for a sustainable post-COVID economic recovery. Adopting a more holistic approach to risk mitigation is necessary to improve a country’s attractiveness and business environment and private capital projects. Risk mitigation should be understood as going beyond just financial risk mitigation products, to a broader ...

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Financial Literacy Offers Life-Changing Benefits

As a banking center manager, I understand the importance of knowing your financial health. In our modern world, finances are part of everyone’s life. With advancements in technology, it can be difficult to navigate through the services available or know where to start! People without a bank account or credit history are often disqualified for auto and mortgage loans and ...

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Assetz Capital Says It Provides Funding To Northern Ireland Market Where Traditional Lenders Do Not Meet Requirements

Morgan mccandless, relationship manager at Assetz Capital, a market lending platform behind secured lending, reveals he joined Assetz in June this year, after working on the Northern Ireland portfolio as a consultant, before the outbreak of COVID. As Relationship Manager spanning Northern Ireland, he was primarily responsible for representing the Assetz Capital brand, “managing the current loan portfolio while identifying ...

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Cash back, early direct deposit

The bottom line: Albert is a robust online platform that offers cash back rewards, early direct deposits, and savings tools. However, you will have to look elsewhere to open a joint account. Global mark Advantages and disadvantages Albert Cash Annual percentage return (APY) Nothing Advantages and disadvantages Details Advantages No minimum opening deposit No monthly service fees No overdraft fees ...

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South Korea extends SME loan support for six months

To help support small businesses, state-run financial institutions will provide liquidity worth around 4 trillion won. South Korea’s Financial Services Commission (FSC) has agreed with financial sector self-regulators to extend support for small business loans for six months. Since March of last year, lenders have extended the maturity date for loans to SMEs by six months to help them ease ...

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