The Development Bank of the Philippines (DBP) granted a P254-million loan to renewable energy firm Upgrade Energy Philippines, Inc. (UEP) to spur investments in the sector amidst rising demand. UEP, an engineering, procurement and construction contractor, offers renewable energy and energy...
President Ferdinand "Bongbong" Marcos Jr. has named former Supreme Court (SC) associate justice Dante Osorio Tiñga as the new acting chairman of the Development Bank of the Philippines (DBP), Malacañang confirmed. (Photo from Rica Tinga/Facebook) Office of the Press Secretary (OPS)...
The Department of Budget and Management (DBM) signed an agreement with three authorized government servicing banks for the implementation of the online release of notice of cash allocation (NCA). In a statement, Budget Secretary Amenah F. Pangandaman said the DBM signed the memorandum of agreement...
Former Department of Tourism (DOT) undersecretary, Roberto V. Antonio has joined the Development Bank of the Philippines (DBP)'s Board of Directors. As DOT undersecretary and senior consultant, he conceptualized the Eight Anchor Destination Program and the production of the DOT Foreign Offices...
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...
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...
Leyte 1st District Rep. Martin Romualdez has filed the first bill in the 19th Congress, seeking to allocate P10 billion to two state banks to expand their lending capacities to micro, small, and medium enterprises (MSMEs) to help these recover from the Covid-19 pandemic. Leyte 1st District...
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...
State-lender Development Bank of the Philippines (DBP) will help build the Marquee Doctors Medical Center, Inc. (MDMCI) in Pampanga to boost the availability of quality and affordable healthcare services in the province. In a statement Thursday, June 9, Emmanuel G. Herbosa, DBP president and chief...
State-owned Development Bank of the Philippines (DBP) has signed a memorandum of agreement with the Philippine Deposit Insurance Corporation (PDIC) to facilitate the payment of insurance claims to depositors of closed banks, a top official said. DBP President and Chief Executive Officer Emmanuel G....
State-owned Development Bank of the Philippines (DBP) is set to launch the fourth batch of scholars under its flagship corporate social responsibility (CSR) initiative, the DBP Resources for Inclusive and Sustainable Education (RISE) scholarship program, a top official said. DBP President and Chief...
