State-owned Development Bank of the Philippines (DBP) signed a ₱2-billion loan agreement with the City of Kabankalan to fund infrastructure and disaster resiliency projects, marking a significant escalation in state-backed efforts to combat chronic flooding in the Negros Occidental region. In a...
The Land Transportation Franchising and Regulatory Board (LTFRB) is asking government financial institutions to waive all the penalties that comes with the delay in the payment of loans for modern jeepneys amid the adverse effects of the Middle East tensions to the public transport sector. LTFRB...
The Sandiganbayan has convicted a senior official of the Development Bank of the Philippines (DBP) of graft for approving the wrong valuation of a foreclosed property in Cabuyao, Laguna in 2013. Sentenced to a jail term ranging from six to 10 years with perpetual disqualification to hold public...
The Development Bank of the Philippines (DBP) is prepared to fund the redevelopment of Baguio City’s century-old public market, stepping in after a private sector-led proposal collapsed under local opposition. In a statement on Friday, Jan. 30, Michael O. de Jesus, DBP president and chief...
State-run Development Bank of the Philippines (DBP) will continue to seek regulatory and dividend relief for several more years as it aims to recover the capital it infused into the Maharlika Investment Corp. (MIC). DBP President and Chief Executive Officer Michael O. de Jesus told reporters last...
State-run Development Bank of the Philippines (DBP) is looking at issuing peso-denominated bonds next year as part of its fundraising efforts to recoup the ₱25-billion capital it injected into Maharlika Investment Corp. (MIC). On the sidelines of the DBP’s event, DBP Executive Vice President...
An international group of audit practitioners has named a senior executive of state-owned Development Bank of the Philippines (DBP) as “Chief Audit Executive of the Year”, citing his contributions in elevating the internal audit function in the government service. Senior Vice President Ryan R....
State-owned Development Bank of the Philippines (DBP) has been recognized for its best practices in human resources management, particularly in utilizing employee engagement and organizational development in building a future-ready institution, a top official said. DBP President and Chief Executive...
State-owned Development Bank of the Philippines (DBP) has launched a ₱510-million corporate social responsibility (CSR) program designed to strategically allocate resources and promote access to quality education in both the basic and tertiary levels, a top official said. DBP President and Chief...
State-owned Development Bank of the Philippines (DBP) has extended a ₱815-million term loan to a mass housing developer to construct three residential buildings in Bulacan, heeding the call from President Marcos to broaden support for the housing sector. The DBP’s funding, which was extended to...
State-owned Development Bank of the Philippines has successfully raised ₱8.25 billion in fresh funds from its latest dual local bond offering as it continues to diversify its funding sources to support more projects aligned with the national government’s economic development agenda, a top...
State-owned Development Bank of the Philippines (DBP) has been recognized by an international group of development financial institutions for its programs aimed at advancing financial inclusion in agriculture and restoring forest cover. DBP President and Chief Executive Officer Michael O. de Jesus...
