THE Japan International Cooperation Agency (JICA) is providing a ¥10-billion (P3.7 billion) loan to support Philippine rehabilitation and recovery projects followingTHE Japan International Cooperation Agency (JICA) is providing a ¥10-billion (P3.7 billion) loan to support Philippine rehabilitation and recovery projects following

PHL obtains P3.7-B JICA loan for Typhoon Tino rehab works

THE Japan International Cooperation Agency (JICA) is providing a ¥10-billion (P3.7 billion) loan to support Philippine rehabilitation and recovery projects following Typhoon Tino.

In a statement on Jan. 20, JICA said it released the first tranche of the Post-Disaster Standby Loan Phase 3 (PDSL3), which aids the government in addressing urgent post-disaster needs and managing financial pressures during crises.

The loan disbursement had been requested by the Department of Finance after a State of National Calamity was declared due to the severe impact of the typhoon, JICA said.

Typhoon Tino left 150 people dead and affected about 4.1 million during its Nov. 4 passage.

The Philippines, one of the world’s most disaster-prone countries, faces about 20 tropical storms each year.

“By making critical funds available, the PDSL3 enables the Philippine government to sustain response operations, ensure the continuity of vital public services, and transition into early recovery and reconstruction,” JICA Chief Representative Baba Takashi said.

PDSL3, signed through a loan agreement in August 2023, is part of a ¥30-billion facility to support recovery efforts after a natural disaster. 

JICA said the first phase of PDSL was triggered in 2013 following Typhoon Yolanda, followed by the second phase in 2020 during the COVID-19 pandemic.

Japan remains the Philippines’ top development partner, accounting for 33.41% of total active commitments, equivalent to $13.23 billion across 82 loans and grants in 2024. — Aubrey Rose A. Inosante

Market Opportunity
B Logo
B Price(B)
$0,19875
$0,19875$0,19875
-%0,15
USD
B (B) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

The Channel Factories We’ve Been Waiting For

The Channel Factories We’ve Been Waiting For

The post The Channel Factories We’ve Been Waiting For appeared on BitcoinEthereumNews.com. Visions of future technology are often prescient about the broad strokes while flubbing the details. The tablets in “2001: A Space Odyssey” do indeed look like iPads, but you never see the astronauts paying for subscriptions or wasting hours on Candy Crush.  Channel factories are one vision that arose early in the history of the Lightning Network to address some challenges that Lightning has faced from the beginning. Despite having grown to become Bitcoin’s most successful layer-2 scaling solution, with instant and low-fee payments, Lightning’s scale is limited by its reliance on payment channels. Although Lightning shifts most transactions off-chain, each payment channel still requires an on-chain transaction to open and (usually) another to close. As adoption grows, pressure on the blockchain grows with it. The need for a more scalable approach to managing channels is clear. Channel factories were supposed to meet this need, but where are they? In 2025, subnetworks are emerging that revive the impetus of channel factories with some new details that vastly increase their potential. They are natively interoperable with Lightning and achieve greater scale by allowing a group of participants to open a shared multisig UTXO and create multiple bilateral channels, which reduces the number of on-chain transactions and improves capital efficiency. Achieving greater scale by reducing complexity, Ark and Spark perform the same function as traditional channel factories with new designs and additional capabilities based on shared UTXOs.  Channel Factories 101 Channel factories have been around since the inception of Lightning. A factory is a multiparty contract where multiple users (not just two, as in a Dryja-Poon channel) cooperatively lock funds in a single multisig UTXO. They can open, close and update channels off-chain without updating the blockchain for each operation. Only when participants leave or the factory dissolves is an on-chain transaction…
Share
BitcoinEthereumNews2025/09/18 00:09
Gold Hits $3,700 as Sprott’s Wong Says Dollar’s Store-of-Value Crown May Slip

Gold Hits $3,700 as Sprott’s Wong Says Dollar’s Store-of-Value Crown May Slip

The post Gold Hits $3,700 as Sprott’s Wong Says Dollar’s Store-of-Value Crown May Slip appeared on BitcoinEthereumNews.com. Gold is strutting its way into record territory, smashing through $3,700 an ounce Wednesday morning, as Sprott Asset Management strategist Paul Wong says the yellow metal may finally snatch the dollar’s most coveted role: store of value. Wong Warns: Fiscal Dominance Puts U.S. Dollar on Notice, Gold on Top Gold prices eased slightly to $3,678.9 […] Source: https://news.bitcoin.com/gold-hits-3700-as-sprotts-wong-says-dollars-store-of-value-crown-may-slip/
Share
BitcoinEthereumNews2025/09/18 00:33
ZKP Crypto Presale Auction: 8,000x Returns Slipping Away with Each Burned Coin

ZKP Crypto Presale Auction: 8,000x Returns Slipping Away with Each Burned Coin

Zero Knowledge Proof (ZKP) operates a 450-day crypto ICO, burning unsold coins each day. Supply drops through phases, plus a strong deflationary design might create
Share
coinlineup2026/01/23 01:00