Cebu Air, Inc. (CEB) today ( March 5) signed a P16 billion ten-year term loan facility with a syndicate of domestic banks. The airline's lenders include the Development Bank of the Philippines (DBP) and Land Bank of the Philippines (LBP), along with Asia United Bank Corporation (AUB), Bank of the...
The Development Bank of the Philippines (DBP) needs to change its charter and triple its authorized capital from P35 billion to P100 billion to broaden its credit assistance to priority sectors. “The proposed amendments to the DBP Charter would be a boon to our efforts to undertake...
The national government has infused new capital to the Development Bank of the Philippines (DBP) to provide additional buffer for the state-lender’s coronavirus response programs. In a statement, Finance Secretary Carlos G. Dominguez III said the government has recently released P12.5 billion in...
The Development Bank of the Philippines (DBP) has granted a P4.17-billion loan to Megaship Builders, Inc. (MBI) to upgrade and expand its shipbuilding and ship repair complex in Albuera, Leyte. "The project will increase the shipyard's capacity from 10,000 Deadweight tonnage (DWT) to 200,000...
The Development Bank of the Philippines (DBP) granted a P645-million loan to expand the banana flour and coconut sugar manufacturing facilities of Hijo Superfoods, Inc. (HSI). The bank's credit support to "Project Honeycomb" of HSI, a start-up unit of the Hijo Resources Group, would boost its...
The Development Bank of the Philippines (DBP) granted a P416-million credit line to the country’s first large-scale offshore mining firm, JDVC Resources Corporation. The loan will boost JDVC's local production of iron ore to meet rising demand as the global economy recovers, according to...
An international multi-media firm cited the Development Bank of the Philippines (DBP) for its maiden issuance of P18.125-billion ASEAN Sustainability Bonds last year. The bonds, meant to bankroll projects on the environment and financial inclusion, won as Best Sustainability Bond –...
The Development Bank of the Philippines (DBP) signed an agreement with the Department of Agriculture (DA) to distribute P2.7 billion cash subsidies to 900,000 marginal farmers via an e-voucher system, DBP President and Chief Executive Officer Emmanuel G. Herbosa announced yesterday....
The Development Bank of the Philippines (DBP)'s loan portfolio grew 13.91 per cent to P374.85-billion for the first nine months of the year, with the bulk, or P175.72-billion, going to the infrastructure and logistics sector, announced DBP President and Chief Executive Officer Emmanuel G. Herbosa....
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...
