From left: CPF Philippines Vice President, Phaisarn Rewriab; CPF Philippines Chief Finance Officer, Supakitti Bunvet; CPF Philippines President, Udomsak Aksornphakdee; DBP Senior Vice President, Carolyn I. Olfindo; and DBP Assistant Vice President, Rallen O. Verdadero. State-owned Development Bank...
The Development Bank of the Philippines (DBP) is funding Kiangan Mini Hydro Corporation (KMHC)'s P2.6-billion consolidation of three river systems into two renewable power projects in Ifugao. “DBP’s credit support to the Asin-Hungduan and Ibulao1 Mini Hydropower Projects demonstrates our...
Pioneering Filipino-led renewable energy firm Alternergy has secured P600-million credit facility from the Development Bank of the Philippines (DBP) to bankroll its 4.6-megawatt Dupinga mini- hydropower project in Gabaldon, Nueva Ecija. The proposed hydropower facility will be implemented via...
In line with its thrust to support new and renewable energy sources, the Development Bank of the Philippines (DBP) approved a P660-million loan to develop the 4.6 megawatt (MW) Dupinga Mini Hydropower project in Gabaldon, Nueva Ecija. “The funding support for the Dupinga Project will help achieve...
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...
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...
Alsons Power of the Alcantara group has inked an omnibus loan and security agreement (OLSA) with the Development Bank of the Philippines (DBP) for the P3.3 billion credit facility that will bankroll its Siguil hydropower project in Sarangani province. The facility, which is of 14.5-megawatt...
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...
AN architectural perspective of the proposed Iloilo City Hospital. (Iloilo City government) ILOILO CITY – The Senate has approved on third and final reading a bill creating the Iloilo City Hospital. “Our dream of enhancing the health programs and services for the Ilonggos is a step closer to...
The Development Bank of the Philippines (DBP) loaned P715 million to a private hospital chain to build a new medical facility in the municipality of Pilar in Bataan province. The state-owned bank granted the loan to Allied Care Experts (ACE) Group for the ongoing construction of their start-up...
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...
From left: Divino Lorenzo F. Villanueva III, Director, GIV Capital Holdings Corporation; Jeffrey D. Ligsay, AVP - Trust Banking Group, Development Bank of the Philippines (DBP); Ma. Felicia S. Magtibay, SAVP - Trust Banking Group, DBP; Francis Nicolas M. Chua, FVP - Corporate Finance Group DBP;...
