State-owned Development Bank of the Philippines (DBP) has released P8.5 billion to help rehabilitate public and private companies affected by the prolonged-pandemic. DBP-Bldg-news-1080x714 In the first six months of the year, DBP said the lender has assisted 90 firms under its Rehabilitation...
Struggling flag-carrier Philippine Airlines (PAL) will not get any financial help from government financial institutions anytime soon, the Department of Finance (DOF) said Thursday, Sept. 9. During the virtual Senate briefing, Finance Secretary Carlos G. Dominguez III said that government-owned...
The Development Bank of the Philippines (DBP) granted a P115-million term loan to install six solar-powered irrigation systems (SPIS) in Taraka, one of the largest municipalities in Lanao del Sur. The SPIS will irrigate 1,200 hectares of agricultural lands and provide potable water to 26 barangays...
State-owned Development Bank of the Philippines (DBP) continues to broaden its support for the developmental projects of key economic sectors with P414.72-billion in total loans to borrowers as of end-March 2021, up 12 percent from the P371.01 billion recorded for the same period last year, a top...
The Development Bank of the Philippines (DBP) just gained the distinction of becoming the second local institution and one of 10 foreign ones accredited by the United Nations-backed Green Climate Fund (GCF) for climate mitigation and adaptation initiatives in developing countries. This allows the...
The Philippine government, in partnership with one of Thailand’s biggest agriculture and food conglomerates, has launched a credit program for local hog raisers affected by the dreaded animal disease African Swine Fever (ASF). In a statement, the Department of Agriculture (DA), Development Bank...
The Development Bank of the Philippines (DBP) Friday, (June 18) unveiled a P12 billion credit facility to boost pork production. The bank works closely with the Department of Agriculture (DA) and stakeholders in the hog industry to increase pork production to meet consumer demand and stabilize the...
The Development Bank of the Philippines (DBP) granted a P750-million revolving credit line to a fledgling manufacturer- exporter of sustainable energy storage systems. Amber Kinetics Philippines, Inc. (AKPI), local producer of a novel Flywheel Energy Storage System, wil use the loan for its working...
The Development Bank of the Philippines (DBP) and the Local Government of Manila today, May 21, signed a P10 Billion 15-year term loan agreement to fund public infrastructure projects in the capital. Specifically, the city government will use the fund to build school buildings in three districts,...
The Development Bank of the Philippines (DBP) is setting up a Local Government Unit (LGU) credit rating system in collaboration with the Department of Finance (DoF), state regulators and multi-lateral lending institutions. The proposed rating system will mainstream bond flotation as a sustainable...
The Development Bank of the Philippines (DBP) granted a P195-million term loan to a San Juan City-based educational institution to fund a six-story building for its permanent offices and school. The bank’s assistance to the Community of Learners Foundation, Inc. (COLF) was made under the bank’s...
Farmers’ groups do not expect the Philippine government to deliver anytime soon the machineries urgently needed to develop the coconut sector even with the passage of the Republic Act (RA) 11524, also known as the Coconut Farmers and Industry Trust Fund Act or Coco Levy Act. ...
