Business NEWS

Cebu Air, Inc. (CEB) today ( March 5) signed a P16 billion ten-year term loan facility with a syndicate of domestic banks.

The Development Bank of the Philippines (DBP) needs to change its charter and triple its authorized capital from P35 billion to P100 billion  to broaden its credit assistance to priority sectors.

The national government has infused new capital to the Development Bank of the Philippines (DBP) to provide additional buffer for the state-lender’s coronavirus response programs.

The Development Bank of the Philippines (DBP) has granted a P4.17-billion loan to Megaship Builders, Inc. (MBI) to upgrade and expand its shipbuilding and ship repair complex in Albuera, Leyte.

The Development Bank of the Philippines (DBP) granted a P645-million loan to expand the banana flour and coconut sugar manufacturing facilities of Hijo Superfoods, Inc. (HSI).

The Development Bank of the Philippines (DBP) granted a P416-million credit line to the country’s first large-scale offshore mining firm, JDVC Resources Corporation.

An international multi-media firm cited the Development Bank of the Philippines (DBP) for its maiden issuance of  P18.125-billion ASEAN Sustainability Bonds last year.

The Development Bank of the Philippines (DBP) signed an agreement with the Department of Agriculture (DA) to distribute P2.7 billion cash subsidies to 900,000 marginal farmers via an e-voucher system,  DBP President and Chief Executive Officer Emmanuel G. Herbosa  announced yesterday.

The Development Bank of the Philippines (DBP)’s loan portfolio grew 13.91 per cent to P374.85-billion for the first nine months of the year, with the bulk, or P175.72-billion, going to the infrastructure and logistics sector, announced DBP President and Chief Executive Officer Emmanuel G. Herbosa.

The Development Bank of the Philippines (DBP) is granting P1 billion interest rate subsidies for local government unit (LGU) loans covering pandemic-related projects.

The Development Bank of the Philippines (DBP) is raising at least P5 billion from the second issuance of Peso-denominated Bonds from its P50-billion bond to fund development projects in priority sectors.

Alcantara-led firm Alsons Consolidated Resources Inc. (ACR) has inked a deal for its programmed P6.0 billion fixed rate corporate notes issuance, the proceeds of which will partly bankroll its renewable energy projects and to refinance existing loans.

The Development Bank of the Philippines (DBP) signed a P481-million term loan for Global Care Cancer Institute, Inc. (GCCII) to finance a three-storey cancer treatment facility in Bay, Laguna, which is also envisioned to be a nuclear medicine hub in the region.

Senator Ralph Recto yesterday sought for an accounting of the funds being allocated to government financial institutions for lending to the micro, small and medium enterprises (MSMEs).

Senator Ralph Recto yesterday sought for an accounting of the funds being allocated to government financial institutions for lending to the micro, small and medium enterprises (MSMEs).

The Development Bank of the Philippines (DBP) partnered with the Philippine Rice Research Institute (PhilRice) to boost seed distribution to farmers via digital technology through “Binhi E-Padala”.

After disbursing over P11.98-billion credit assistance to the beleaguered tourism sector in the first half of this year, the Development Bank of the Philippines (DBP) further committed to help the industry rebuild trust in travel, adapt to digital platforms, and re-invent traditional offerings to spur demand.

The Development Bank of the Philippines (DBP) recently won an international award for its P841.66-million funding of a solar-powered resilient community in Sto. Tomas, Batangas.