The Development Bank of the Philippines (DBP) is granting P1 billion interest rate subsidies for local government unit (LGU) loans covering pandemic-related projects. The government, under its Bayanihan 2 fund, allotted P1 billion each to the DBP and the Land Bank of the Philippines to subsidize...
DBP President and Chief Executive Officer Emmanuel G. Herbosa The Development Bank of the Philippines (DBP) is raising at least P5 billion from the second issuance of Peso-denominated Bonds from its P50-billion bond to fund development projects in priority sectors. The DBP Bonds, which will have a...
Alcantara-led firm Alsons Consolidated Resources Inc. (ACR) has inked a deal for its programmed P6.0 billion fixed rate corporate notes issuance, the proceeds of which will partly bankroll its renewable energy projects and to refinance existing loans. The company, in a disclosure to the Philippine...
Present during the signing of the loan agreement were (from left) GCCII Surety Officer Dr. Virma Consuelo Ramos, GCCII President Dr. Necy S. Juat, DBP Senior Vice President Abelardo L. Monarquia, GCCII Chairman Dr. Celso S. Ramos, GCCII Treasurer Dr. Crisleen C. Mujer, DBP Senior Assistant Vice...
Senator Ralph Recto yesterday sought for an accounting of the funds being allocated to government financial institutions for lending to the micro, small and medium enterprises (MSMEs). Senator Ralph Recto (Senate of the Philippines / MANILA BULLETIN) This transpired at the Senate hearing for the...
Senator Ralph Recto yesterday sought for an accounting of the funds being allocated to government financial institutions for lending to the micro, small and medium enterprises (MSMEs). Senator Ralph Recto (Senate of the Philippines / MANILA BULLETIN) This transpired at the Senate hearing for the...
The Development Bank of the Philippines (DBP) partnered with the Philippine Rice Research Institute (PhilRice) to boost seed distribution to farmers via digital technology through “Binhi E-Padala”. The pilot implementation will benefit 5,000 farmers based in the traditional rice-producing...
DBP President and Chief Executive Officer Emmanuel G. Herbosa After disbursing over P11.98-billion credit assistance to the beleaguered tourism sector in the first half of this year, the Development Bank of the Philippines (DBP) further committed to help the industry rebuild trust in travel, adapt...
The Development Bank of the Philippines (DBP) recently won an international award for its P841.66-million funding of a solar-powered resilient community in Sto. Tomas, Batangas. The bank bagged the Outstanding Sustainable Project Financing Award during the Karlsruhe Sustainable Finance Awards...
(MANILA BULLETIN FILE PHOTO) State-run Social Security System (SSS) partnered with the Development Bank of the Philippines (DBP) to expedite the crediting of monthly pensions to pensioners' accounts and eliminate disbursements through checks. Beginning this month, SSS regular pensions will be...
