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...
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...
