After intensifiyng its lending activities, the Development Bank of the Philippines (DBP) netted P5.35-billion earnings in the first nine months of 2022, up 177 percent versus the same period last year. The growth in the state-owned bsnk’s loans to borrowers, as well as the continued rise in net...
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 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) 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...
A former presidential economic adviser has called on the government for a “clear roadmap” and reforms in the use and distribution of Covid-19 vaccines in the country after billions of pesos worth of doses expired without being utilized. Go Negosyo Founder Joey Concepcion (Photo courtesy of Go...
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...
Highlighting the need to adapt with the current situation in the Philippines, a health expert expressed his approval in the proposed “reconstitution” of the members of the Inter-Agency Task Force for the Management of Emerging Infectious Diseases (IATF-EID) to only those with “relevant and...
The Private Hospitals Association of the Philippines, Inc. (PHAPi) on Thursday, June 16, announced that it is recommending Dr. Teodoro “Ted” J. Herbosa as the next head of the Department of Health (DOH). Dr. Teodoro “Ted” J. Herbosa (Photo taken from Ted Herbosa's Facebook account) This, as...
