The Development Bank of the Philippines (DBP) granted P152.1-million credit assistance to a Batangas-based transport cooperative for the acquisition of 85 modern Public Utility Jeepney (PUJs) units, to promote sustainable transport system in the province, the 7th most populous in the country. The...
The Department of Budget and Management (DBM) signed an agreement with three authorized government servicing banks for the implementation of the online release of notice of cash allocation (NCA). In a statement, Budget Secretary Amenah F. Pangandaman said the DBM signed the memorandum of agreement...
Former Department of Tourism (DOT) undersecretary, Roberto V. Antonio has joined the Development Bank of the Philippines (DBP)'s Board of Directors. As DOT undersecretary and senior consultant, he conceptualized the Eight Anchor Destination Program and the production of the DOT Foreign Offices...
The proposed Philippine sovereign wealth fund (SWF) gained the backing of several top-performing government financial institutions (GFIs) when the measure was tackled Tuesday, Nov. 29 by the House Committee on Banks and Financial Intermediaries. (Mari Gimenez/ Unsplash) The measure, House Bill (HB)...
State-owned Development Bank of the Philippines (DBP) President and CEO, Emmanuel G. Herbosa (right) and SteelAsia Manufacturing Corporation (SteelAsia) President, Benjamin Yao, confer with each other during a site visit of the firm’s Calaca Meltshop and Rolling Mill in Calaca, Batangas as part...
The Development Bank of the Philippines (DBP) loaned P500 million to a Cavite-based healthcare institution to build a hospital to serve the municipality of Alfonso and nearby towns. The credit assistance to Ridgeview Hospital and Medical Center, Inc. (RHMCI) comes under the bank's Strategic...
The Development Bank of the Philippines (DBP) recently contracted BC Net to provide broadband connectivity to 36 of its provincial branches. BC Net, Inc., a telecom service provider organized in 2003, was licensed by the National Telecommunications Commission (NTC) to provide Value-Added...
The Development Bank of the Philippines (DBP) has signed an agreement with the Department of Human Settlements and Urban Development (DHSUD) to provide informal settlers with one million affordable units annually until 2028. “DBP is honored to take part in the DHSUD’s thrust for the housing...
The Development Bank of the Philippines’ (DBP) netted P2.76-billion income for the first half of 2022, up 131 percent versus the same period last year, due to significant increase in loan volume and interest income, along with lower cost of funds. “DBP re-affirmed its commitment to hasten the...
The Development Bank of the Philippines (DBP) granted P1.286-billion loan to build the first heart and brain center in Region IV-A. The borrower, Batangas-based Global East Medical Center Lipa, Inc. (GEAMC), will enhance the delivery of basic and specialized health services in the...
The Development Bank of the Philippines (DBP) considers giving financial grants to three local inventors, winners of the most promising solutions and technologies for critical sectors of the economy. The bank may fund winners of the Filipino Inventors Society (FIS) contest, “The Inventor’s...
The Development Bank of the Philippines (DBP) granted a P2.3-billion loan for a new economic zone in the coastal town of Pilar, Bataan. announced DBP President and Chief Executive Officer Emmanuel G. Herbosa said the loan to real estate firm Diamond Land Resources, Inc. (DLRI), owned by New San...
