The Development Bank of the Philippines (DBP) is seeking to introduce reforms, including a massive capital hike to P300 billion, through amendments to its 26-year-old charter. In a statement, the state-owned bank said it is working closely with the Department of Finance (DOF), state regulators and...
State-owned Development Bank of the Philippines (DBP) has expressed renewed interest in providing financing to critical public infrastructure projects as it seeks optimal mobilization of the P8.75-billion in fresh funds from its latest local bond issuance, a top official said. DBP President...
The Department of Finance (DOF) is exploring changes to the charters of the Land Bank of the Philippines and the Development Bank of the Philippines (DBP) to pave the way for their potential public listing. Finance Secretary Ralph G. Recto, speaking at a reception hosted by the Philippine Stock...
To enhance investment returns, the Social Security System (SSS) has tapped two government-owned banks to serve as its local fund managers for the next three-year period. Rolando Ledesma Macasaet, SSS president and chief executive officer said, the pension fund has allocated P2 billion in...
Albay 2nd district Rep. Joey Salceda (Rep. Salceda's office) The relief request by the Land Bank of the Philippines (LBP) and the Development Bank of the Philippines (DBP) from the Central Bank for infusions to the Maharlika Investment Fund (MIF) is nothing to...
State-owned Development Bank of the Philippines (DBP) is prepared to extend the needed technical and financial assistance to strategic initiatives that would ensure the successful implementation of the Marcos Administration's three-year logistics master plan aimed at reducing the cost of...
State-owned Development Bank of the Philippines (DBP) has remitted P25 billion to the Bureau of Treasury (BTr), which represents the Bank’s share in the initial seed capital in the Philippines’ pioneering sovereign wealth fund, a top official said. DBP President and Chief Executive Officer...
DBP Chairman, Dante O. Tiñga (seated, center), and DBP President and Chief Executive Officer, Michael O. de Jesus (seated, second from left), are shown during the loan agreement signing between DBP and Pueblo De Oro Development Corporation. Also in photo are (seated, from left): Pueblo...
A few weeks ago, I attended an event where a prominent developer unveiled its ambitious plan for the next five to 10 years, with a focus on creating massive townships located in Cavite and Laguna. Additionally, another major developer has set its sights on a township in Pampanga, projected to...
Senator Sherwin Gatchalian has sought a Senate inquiry into the proposed merger between the Landbank of the Philippines (Landbank) and the Development Bank of the Philippines (DBP) which is likely to be finalized by the middle of 2024. ...
There’s been a lot of criticism over the government’s Public Utility Vehicle Modernization Program (PUVMP), particularly when it comes to acquiring the said modern jeepneys. Granted, any public transport operator would jump at the chance to acquire new, more efficient, more...
Cagayan de Oro 2nd district Rep. Rufus Rodriguez (Facebook) Pro-administration congressman, Cagayan de Oro 2nd district Rep. Rufus Rodriguez wants to be assured of several things first before he can back the proposed merger of state-owned Land Bank of the Philippines (LBP) and Development Bank of...
