A senior official of the state-owned Development Bank of the Philippines (DBP) announced recently that it had approved a groundbreaking P300-million loan to finance the City Government of Ormoc’s site and land development, supporting President Ferdinand R. Marcos, Jr.’s flagship national shelter program. Ormoc City Mayor Lucy Marie Torres-Gomez (center) shakes hands with Atty. Janet […]
State-owned Development Bank of the Philippines (DBP) has recently granted a PHP4-billion credit facility to the city government of Cabuyao in Laguna to support critical public infrastructure projects. This substantial financial boost is poised to significantly enhance the city’s infrastructure, benefitting a wide range of sectors that are vital to its growth and development. IMAGE […]
The Development Bank of the Philippines (DBP), a state-owned financial institution, is intensifying its efforts to support the present administration’s strategic initiatives for food security. According to Michael O. de Jesus, President and Chief Executive Officer of DBP, this includes launching a lending program aimed at revitalizing the local hog industry. Photo above shows DBP […]
A top official of the state-owned Development Bank of the Philippines (DBP) announced recently that it has extended a PHP 3 billion loan to the local government of Mandaue City for the construction of a new City Hall in the area. Mandaue is a first-class and highly urbanized city in the province of Cebu. As […]
A top official of the Development Bank of the Philippines (DBP) recently expressed renewed interest in financing critical public infrastructure projects in the country as it seeks optimal mobilization of fresh funds it acquired from its latest local bond issuance. The said capital is worth at least P8.75 billion. DBP President and Chief Executive Officer […]
It’s not only in politics that “cha-cha” (charter change) is becoming a much-talked-about issue. A top official of the Development Bank of the Philippines (DBP) announced recently that the state-owned bank is now working closely with the Department of Finance (DOF), as well as major state regulators and legislators in the country in introducing reforms […]
The Philippine agriculture sector has long been beset with a constant struggle for the supply of feeds for the swine industry and the production of corn, which is a main source of feed for pigs, has yet to catch up with the demand. Add to this the prevalence of African Swine Fever (ASF), a serious […]
State-owned Development Bank of the Philippines (DBP) has extended a P2-billion loan to the Provincial Government of Palawan to support vital public infrastructure projects in the area including the upgrade of the province’s road network and to beef up its disaster risk reduction initiatives, a top official of the bank said. Shown during the loan […]
State-owned Development Bank of the Philippines (DBP) has been recognized by the government’s chief corporate regulator for its consistently outstanding performance in the field of corporate governance, a top official of the bank said. DBP President and CEO Michael O. de Jesus (center) after receiving the CGS Hall of Fame Award for 2022 from Executive […]
State-owned Development Bank of the Philippines (DBP) has granted a P375-million loan to the Puerto Princesa City Water District (PPCWD) to support initiatives aimed at upgrading the delivery of water services and addressing the needs of the rapidly growing population of the city, a top official said. DBP President and Chief Executive Officer Michael O. […]
