The Cavite-Laguna Expressway (CALAX) will open its Silang (Aguinaldo) Interchange in the second half of this year, extending the tollway's operational sections from Mamplasan, Laguna, to Aguinaldo Highway in Silang, Cavite. Todate, the 3.9-kilometer 2x2 lane CALAX subsection is 56 percent...
Leyte 1st District Rep. Martin Romualdez has filed the first bill in the 19th Congress, seeking to allocate P10 billion to two state banks to expand their lending capacities to micro, small, and medium enterprises (MSMEs) to help these recover from the Covid-19 pandemic. Leyte 1st District...
The Department of Finance (DOF) reported on Monday, June 13, that two government-owned banks have facilitated the distribution of over P8.2 billion in cash aid to qualified small palay farmers as part of the Rice Farmers Financial Assistance Program (RFFA). Citing data from the Department of...
State-lender Development Bank of the Philippines (DBP) will help build the Marquee Doctors Medical Center, Inc. (MDMCI) in Pampanga to boost the availability of quality and affordable healthcare services in the province. In a statement Thursday, June 9, Emmanuel G. Herbosa, DBP president and chief...
State-owned Development Bank of the Philippines (DBP) has signed a memorandum of agreement with the Philippine Deposit Insurance Corporation (PDIC) to facilitate the payment of insurance claims to depositors of closed banks, a top official said. DBP President and Chief Executive Officer Emmanuel G....
State-owned Development Bank of the Philippines (DBP) is set to launch the fourth batch of scholars under its flagship corporate social responsibility (CSR) initiative, the DBP Resources for Inclusive and Sustainable Education (RISE) scholarship program, a top official said. DBP President and Chief...
Senatorial candidate Gilbert “Gibo” Teodoro on Monday said the government should ease the requirements and processes for micro, small and medium enterprises (MSMEs) that seek loans in state-owned banks such as the Land Bank of the Philippines (LandBank) and the Development Bank of the...
The Bureau of Internal Revenue (BIR) has partnered with the Development Bank of the Philippines (DBP) and MyEG for a payment service that allows taxpayers to pay their tax dues online. 58503 In a statement released by MyEG on Tuesday, Jan. 11, the electronic solutions firm announced that the BIR is...
NCIP approves ANI project with Bagobos By James A. Lpyola The rice and corn production project of AgriNurture Inc. (ANI), in partnership with the Unified Bagobo Tagabawa Tribe (UBTT) of Davao del Sur and North Cotabato, has been approved by the National Commission on Indigenous Peoples (NCIP) -...
State-owned Development Bank of the Philippines (DBP) bagged two awards for its development projects on human capital development and financial inclusion in the recently-concluded Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) Development Awards held in Manila, a...
Struggling flag-carrier Philippine Airlines (PAL) will not get any financial help from government financial institutions anytime soon, the Department of Finance (DOF) said Thursday, Sept. 9. During the virtual Senate briefing, Finance Secretary Carlos G. Dominguez III said that government-owned...
The Philippine government, in partnership with one of Thailand’s biggest agriculture and food conglomerates, has launched a credit program for local hog raisers affected by the dreaded animal disease African Swine Fever (ASF). In a statement, the Department of Agriculture (DA), Development Bank...
