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DBP lends P2 billion for Palawan infrastructure projects
State-run Development Bank of the Philippines has extended a P2-billion loan financing to the local government of Palawan for vital public infrastructure projects including the upgrade of road network......»»
Biz Bureau surpasses 43-K permit renewals
The Davao City Business Bureau has achieved a significant milestone by processing over 43,000 business permit renewals as of January 29, 2024, surpassing last year's numbers. Maribel Paguican, the Head of the Business Bureau, revealed this accomplishment in a radio interview on January 30, 2024. She highlighted the bureau's performance, stating that they had already exceeded the previous year's figures by 270 renewals. Despite the positive outcome, Paguican acknowledged that they are still short of reaching the 46,000 permits issued the previous year. With approximately 2,890 renewals remaining, including 291 applicants considering retirement, the bureau anticipates around 2,599 renewal applicants. Paguican emphasized the upcoming retirement deadline on January 31, urging business owners to comply to avoid penalties ranging from P1,000 to P5,000. She also advised on the required documentation for retirement, emphasizing the importance of submitting the necessary paperwork to facilitate the process......»»
ADB lends $20 million for affordable housing project
The Asian Development Bank is extending up to $20 million worth of loans to Lhoopa Inc. to bankroll its affordable housing project in the Philippines......»»
ADB lends P2.4 billion to iSON for buildup of telco towers
The Asian Development Bank is extending P2.4 billion in loans to iSON Tower Limited Inc. to bankroll the construction and operation of 800 shared telecommunication towers in the country......»»
Maya Bank lends P2.75 billion to fintech firm Tala
Philippine digital lender Maya Bank has signed a loan channeling partnership with global financial technology firm Tala, providing P2.75 billion of loan capital to the fintech company......»»
BPI lends fresh P7 billion to Home Credit Philippines
Bank of the Philippine Islands has extended an additional P7 billion loan to Home Credit Philippines, making it the financing firm’s biggest lender......»»
NEA lends over P1 billion to power coops in 2023
Loans extended by the National Electrification Administration to electric cooperatives nationwide exceeded the P1-billion mark in 2023......»»
Landbank eyes digital expansion
State-run Land Bank of the Philippines is targeting to reduce over-the-counter transactions as it moves to expand its digital services for customers......»»
Landbank, BOC streamline payment system
The Bureau of Customs and the Land Bank of the Philippines have teamed up to facilitate a digital payment scheme for various customs processes......»»
DoF considering IPOs for LandBank, DBP
The Philippine News Agency reported that the Department of Finance, under new Secretary Ralph Recto, is “exploring amendments to the charters of the Land Bank of the Philippines and Development Bank of the Philippines”, which Mr. Recto said could include “their possible public listing, to broaden the local capital market.”.....»»
4Ps beneficiaries attend financial literacy orientation
Some 58 beneficiaries of Pantawid Pamilyang Pilipino Program (4Ps) attended the orientation for the pilot implementation of the 4Ps Digital Financial Literacy Program on Saturday (February 24) at the Department of Social Welfare and Development’s (DSWD) Central Office Auditorium in Quezon City. Representatives from the Landbank of the Philippines (LBP); Bank of the Philippine Islands […].....»»
Lapu-Lapu City signs agreement with private firm for socialized housing project
LAPU-LAPU CITY, Cebu —The Lapu-Lapu City Government has entered into an agreement with a private firm for a socialized housing project in Barangay Calawisan that is scheduled to be realized this year. On Thursday, April 4, Mayor Junard “Ahong” Chan and Johndorf Ventures Corporation President/CEO Richard Lim formally signed a Deed of Donation for the.....»»
4Ps beneficiaries learn digital financial literacy from experts
Some 58 Pantawid Pamilyang Pilipino Program (4Ps) beneficiaries learn the importance of digital literacy and savings during the pilot implementation of the 4Ps Digital Financial Literacy Program on Saturday (February 24) at the DSWD Central Office Auditorium, Quezon City. Resource speakers from Landbank of the Philippines (LBP), Bank of the Philippine Islands (BPI) Foundation, and […].....»»
Landbank-DBP merger not pushing through – Recto
The planned legal merger of the Land Bank of the Philippines and the Development Bank of the Philippines is no longer pushing through as Finance Secretary Ralph Recto deviates yet again from his predecessor......»»
Landbank income exceeds P40 billion mark
State-run Land Bank of the Philippines expects its income to reach P45 billion this year after overshooting its 2023 bottomline target......»»
Landbank sees 2-digit earnings this year
Land Bank of the Philippines is looking at a double-digit growth in net income this year following a record performance in 2023......»»
Manila Water borrows $110 million for refinancing
The holding company of Razon-led Manila Water Co. Inc. for its international ventures secured a $110 million three-year loan from two Singapore-based banks to refinance its existing debt......»»
Cosco ventures into RE with P552 million investment
Cosco Capital Inc. of retail tycoon Lucio Co has formalized its renewable energy venture with a P552-million investment for a majority stake in a company that operates a hydropower plant in Oriental Mindoro......»»
AEV hikes capex to P153 billion
Aboitiz Equity Ventures Inc. is hiking its capital expenditures by 135 percent to P153 billion this year as it gears up for another phase of growth and innovation......»»
Clark Water spending P5.6 billion for freeport service upgrade
Clark Water Corp., a subsidiary of Manila Water Philippine Ventures, is spending P5.56 billion to improve its services in the Clark Freeport Zone......»»