BACOLOD CITY – The city government has obtained a P4.4-billion loan from the Development Bank of the Philippines (DBP) to fund priority projects. THE city government of Bacolod has obtained a P4.441-billion loan from the Development Bank of the Philippines to fund priority project. The loan...
President Ferdinand “Bongbong” Marcos Jr. revealed the readiness of state-run banks Landbank and the Development Bank of the Philippines (DBP) to expand their credit coverages to agriculture. In photo are: (from left to right) Usec. Leocadio Sebastian, Undersecretary for Rice Development of the...
Senator Risa Hontiveros (Senate PRIB) Senator Risa Hontiveros on Tuesday, April 18, called for an investigation, in aid of legislation, into the proposed merger of the Development Bank of the Philippines (DBP) and the Land Bank of the Philippines (LBP). In Senate Resolution No. (SR) 570,...
Surigao del Sur 2nd district Rep. Johnny Pimentel (Facebook) A ranking congressman expressed confidence that the national government will receive bigger cash dividends from the Land Bank of the Philippines (LBP) after its planned merger with the Development Bank of the Philippines (DBP)....
Former Senate President Franklin Drilon (Senate PRIB) Former Senate President Franklin Drilon on Monday, April 10 said the President already has the power under the GOCC Governance Act to direct the merger of the state-owned Land Bank of the Philippines (LBP) and the Development Bank of the...
The House minority bloc won't oppose the planned merger of the Land Bank of the Philippines (LBP) and the Development Bank of the Philippines (DBP) for as long as Filipino farmers and fishermen won't get left out in the cold. 4Ps Party-list Rep. Marcelino Libanan (Facebook) This was the simple...
A good idea. That's how Albay 2nd district Rep. Joey Salceda described the proposal from Malacañang to merge government financial institutions (GFIs) the Land Bank of the Philippines (LBP) and the Development Bank of the Philippines (DBP). Salceda said in a statement Wednesday afternoon, March 29,...
President Ferdinand "Bongbong" Marcos Jr. is keen on merging the Development Bank of the Philippines (DBP) and the Lank Bank of the Philippines (Land Bank), which he called as a game changer amid recent financial developments abroad. Marcos presided over a meeting with the economic team on Tuesday,...
HEARD IT THROUGH THE GRIPEVINE: OUR NEW ABNORMAL As talks swirl about a plan to merge our two state-owned lending institutions, the Land Bank and the Development Bank of the Philippines (DBP), it may make sense to first appreciate that this is a “revival” of an old tune — one that’s brought...
Executive Secretary Lucas Bersamin (left) swears in DBP president and chief executive officer, Michael O. de Jesus, during rites held on January 11, 2023, at the Office of the Press Secretary in Malacañan Palace, Manila. A prominent and seasoned banker has formally assumed the position as head of...
The new president and chief executive officer of the Development Bank of the Philippines (DBP), Michael O. de Jesus, on Friday, Jan. 27, vowed to strengthen and expand the state-owned bank’s role in infrastructure financing to sustain the country’s growth momentum. “As I take the helm of DBP,...
The Development Bank of the Philippines (DBP) granted a P254-million loan to renewable energy firm Upgrade Energy Philippines, Inc. (UEP) to spur investments in the sector amidst rising demand. UEP, an engineering, procurement and construction contractor, offers renewable energy and energy...
