Tudela Mayor Samuel Parojinog (center), LANDBANK Ozamiz Branch Head Geraldine Henoctan (left), and Tudela Treasurer Phanesa Gamotin (right) display the signed agreement to digitalize the payment of local government taxes and fees. TUDELA, Misamis Occidental – The Land Bank of the Philippines (LANDBANK) will be supporting the municipal government of Tudela to digitalize payments for business-related transactions towards fostering a competitive and robust local economy. The local government unit (LGU) of Tudela is set to make use of the LANDBANK Link.Biz Portal to enable local businesses and residents in this 5th class municipality to conveniently pay for various fees online, which includes business permits, real properties, resorts, and public market rentals, among other local dues. "Our partnership with the municipality of Tudela exemplifies LANDBANK's commitment to enhance ease of doing business and increase competitiveness in the communities we serve. We will continue to leverage on innovative financial solutions to drive sustainable and inclusive growth," said LANDBANK President and CEO Lynette V. Ortiz. Tudela Mayor Samuel Parojinog, LANDBANK Ozamiz Branch Head Geraldine Henoctan, and Tudela Treasurer Phanesa Gamotin recently led the signing of the Memorandum of Agreement (MOA) to formalize the partnership. "As we look forward to LANDBANK and Tudela's partnership, I have no doubt that together, we can create a more prosperous and thriving community for everyone," said Mayor Parojinog. Tuleda LGU has been a partner of LANDBANK since 1995, with the former availing of other various LANDBANK services and facilities, such as ATM Payroll Facility, Deposit Pick-up service, and Electronic Salary Loan (eSL). LANDBANK is committed to extending an array of digital facilities and services to LGUs nationwide, in support of Executive Order No. 170, which enjoins the Adoption of Digital Payments for Government Disbursement and Collections. The Bank's digital offerings likewise support the Ease of Doing Business Law, meant to accelerate various transactions such as permit issuance for enhanced efficiency, transparency and accountability in public service delivery. As of June 2023, the LANDBANK Link.Biz Portal has a total of 449 LGU partner merchants nationwide. The Portal is also aligned with the national government's call for a National Retail Payment System, which also supports the implementation of the "eGov Pay" payment solution, as mandated by the Bangko Sentral ng Pilipinas (BSP). LANDBANK is celebrating its 60th anniversary, representing six decades of uplifting lives, empowering communities.
READ MORESSS President and CEO Rolando L. Macasaet and LANDBANK President and CEO Lynette V. Ortiz lead the signing of partnership agreements between the two GOCCs on 23 August 2023 at the SSS Main Office in Quezon City. The Land Bank of the Philippines (LANDBANK) will ensure the timely and efficient disbursement of payroll to over 6,300 employees of the Social Security System (SSS) nationwide starting 01 September 2023. Through the signing of the Service Level Agreement (SLA) between SSS and LANDBANK, the state-run Bank’s ATM payroll facility will service the direct crediting of salary, allowances, bonuses, and provident fund and loan proceeds to the LANDBANK accounts of SSS employees. SSS President and CEO Rolando L. Macasaet and LANDBANK President and CEO Lynette V. Ortiz sealed the partnership on 23 August 2023 at the SSS Main Office in Quezon City. They were joined by SSS Executive Vice President Elvira G. Alcantara-Resare and Vice President Nympha M. Ragel, alongside LANDBANK officials Executive Vice President Liduvino S. Geron, Executive Vice President Alex A. Lorayes, and Senior Vice President Leila C. Martin. “LANDBANK is privileged to service the payroll requirements of SSS and make banking more convenient for their employees through our extensive network nationwide. We bring to the table our expertise in facilitating payroll disbursements for over 2 million government employees,” said LANDBANK President Ortiz. SSS employees can transact and withdraw cash from LANDBANK’s 606 branches and branch-lite units and 2,941 ATMs, as well as 2,699 ATMs of 7-Eleven convenience stores in selected areas in the country. They can likewise conveniently complete fund transfers and bills payment transactions online using the LANDBANK Mobile Banking App and Link.BizPortal, the Bank’s web-based payment channel. During the same event, LANDBANK and SSS also signed a Memorandum of Understanding (MOU) for the efficient collection of voluntary SSS contributions from the Bank’s employees. Under the MOU, LANDBANK will automatically deduct monthly SSS payments from the payroll of Bank personnel who opted for voluntary contribution, and directly remit to SSS. LANDBANK is celebrating its 60th anniversary, representing six decades of uplifting lives, empowering communities, and serving the nation — all in pursuit of an inclusive and sustainable economy.
READ MORE(front) Malungon Mayor Maria Theresa Constantino (2nd from right), Vice Mayor Mariano S. Escalada, Jr. (rightmost), Municipal Treasurer Eva Emejas (leftmost), and LANDBANK Assistant Vice President Jojo Alcover (3rd from right) lead the launching of the partnership for the use of the LANDBANK Link.BizPortal, alongside other local government officials and officers. MALUNGON, Sarangani Province – Residents and business entrepreneurs from this municipality can now pay for dues to the local government faster online through the digital payment facility of the Land Bank of the Philippines (LANDBANK). The Municipal Government of Malungon has partnered with the state-owned Bank for the integration of the LANDBANK Link.BizPortal to its own website, which offers a wide range of local public services. Through the Link.BizPortal, clients can now pay for local fees, such as business permits and realty taxes, at their own convenience and even at the comfort of their homes. “LANDBANK’s digital banking solutions advances the National Government’s digital and financial inclusion agenda in line with its expanded mandate of serving the nation,” said LANDBANK President and CEO Lynette V. Ortiz. Malungon Mayor Maria Theresa Constantino extended her appreciation to LANDBANK’s support to accelerate the municipality’s digitalization journey. “This is the first in Sarangani to fully implement online payments. So, tell your relatives, your neighbors, that we have a new added service to make it more convenient for the people of Malungon to pay their taxes. We thank LANDBANK in bringing the service closer to every home in Malungon,” said Mayor Constantino. The LANDBANK Link.BizPortal is a digital facility that allows clients to pay for products and services via the internet from both government and private institutions. For the first six months of the year, the LANDBANK Link.BizPortal has facilitated 4 million transactions with value of P6 billion. Of its total 1,326 partner merchants, the Portal has 978 government partners of which 180 have been newly-onboarded this year. LANDBANK is celebrating its 60th anniversary, representing six decades of uplifting lives, empowering communities, and serving the nation — all in pursuit of an inclusive and sustainable economy.
READ MOREThe nominations and applications for the President and Chief Executive Officer (PCEO), and the Independent and Regular Directors of the Maharlika Investment Corporation should be sent to maharlikasecretariat@treasury.gov.ph The documentary requirements and qualifications for each position are provided below: 1. MIC BOD documentary requirements 2. PCEO qualifications 3. Regular Directors qualifications 4. Independent Directors qualifications Nominations and applications will close on Wednesday, 27 September 2023. For questions and concerns, kindly reach out to the email provided above or at (+63) 2 8524 7039.
READ MORECheers to a Decade of Transforming Public Service! As we celebrate Civil Service Month under the theme 'Transforming Public Service in the Next Decade: Honing Agile and Future-Ready Servant-Heroes,' with a focus on Dynamism, we proudly join the movement towards digital transformation, innovation, and unwavering excellence in public service. Here's to #ServingTheNation and shaping a dynamic future together! #PCSA23
READ MOREIn observance of the 21st Development Policy Research Month (DPRM), led by the Philippine Institute for Development Studies (PIDS), LANDBANK is proud to support this year's theme, "Going Green and Digital for a More Sustainable, Inclusive, and Prosperous Future for All." As we continue to navigate the challenges posed by the COVID-19 pandemic, we are committed to helping our nation's recovery efforts, and achieve the 2030 Sustainable Development Goals. Join us in our mission to create a sustainable, inclusive, and prosperous tomorrow for all Filipinos. #ServingTheNation #DPRM2023
READ MOREThe Land Bank of the Philippines (LANDBANK) has remitted to the Bureau of the Treasury (BTr) its ₱50-billion contribution to the Maharlika Investment Corporation (MIC) as mandated by Republic Act No. 11954 which establishes the Maharlika Investment Fund (MIF), the first Philippine sovereign wealth fund aimed at boosting the country’s economic growth. Finance Secretary and LANDBANK Chairman Benjamin E. Diokno said that the Bank’s ₱50-billion investment to the MIF has already been settled with the BTr on Thursday, 14 September 2023, following the enactment of the MIF enabling law and the issuance of its Implementing Rules and Regulations (IRR) by the BTr. "We are witnessing a growing interest for investments in the MIF from multilateral financial institutions and foreign investors. With the regulatory requirements in place, and after securing the seed capital from state-run institutions, we are confident that the Fund will be operational by yearend,” said Secretary Diokno. At the same time, LANDBANK President and CEO Lynette V. Ortiz said the law creating the MIF has enough safeguards to protect the Bank’s invested funds. “The MIF law has put in place adequate safety nets to ensure full disclosure and transparency in the management of the Fund, as well as the integrity and professionalism of the management team that will be entrusted to lead the Maharlika Investment Corporation,” President Ortiz said. On 18 July 2023, President Ferdinand R. Marcos, Jr. signed into law Republic Act No. 11954, followed by the BTr’s issuance of the IRR a month later on 28 August 2023. The law authorizes LANDBANK and the national government to provide ₱50 billion each as initial fund capital, while the Development Bank of the Philippines (DBP) will contribute another ₱25 billion.
READ MOREThe Land Bank of the Philippines (LANDBANK) assures the fast and timely crediting of fuel subsidies and distribution of cash cards to intended transport beneficiaries nationwide once the prohibition to distribute in compliance to the election spending ban is lifted. The Land Transportation Franchising and Regulatory Board (LTFRB) is currently working on the exemption from the Commission on Elections (Comelec) to resume the distribution under the Fuel Subsidy Program (FSP). Pursuant to Comelec Resolution 10944, the releasing, disbursing or spending of public funds for social welfare projects are prohibited from September 15 to October 30, 2023 in relation to the Barangay and Sangguniang Kabataan Elections next month.
READ MOREPromo Mechanics: Qualified Cards: Mastercard Credit, and Debit Cards (including all issuing banks) that have been saved on user’s Lazada accounts prior to the promo period. OFFER: Mastercard Instant Off Promo Period: July 3 – September 25, 2023 (every Monday) The Promotion is open to all issuing banks of active Mastercard Principal or Supplementary Credit and Debit Cardholders. Promo Offer: Get PHP 100 OFF instantly, only with Mastercard! Only those who have saved their Mastercard debit and credit cards on their Lazada accounts prior to the promo period will be eligible for the discount. The promo is valid on regular and sale items at Lazada. Purchase must be made on July 3, 10, 17, 24, 31; August 7, 14, 21, 28 & September 4, 11, 18, 25, 2023 from 12:00 am to 11:59 pm Philippine time. Limited redemptions every Monday apply. PHP 100 discount applies for a minimum transaction amount of PHP 1,500 charged to the Mastercard credit or debit card. Minimum spend applies to the total amount in cart prior to any discounts. The discount will be automatically applied on purchases in Lazada and is open to new and existing Lazada customers. Customers should meet the minimum spend requirement, and select their Mastercard debit or credit card. Discount is valid for one-time use at the Lazada mobile app. Discount is not applicable to digital goods, stores with digital products, milk products for 3 years old below (under the Milk Code) and other goods from blacklisted sellers set by Lazada. 2. Instant Off discounts can be used with other static and collectible vouchers and voucher codes. Instant Off discounts can be used with other static and collectible vouchers and voucher codes. HOW TO AVAIL Via Lazada Mobile App TERMS AND CONDITIONS: Discount can be used once throughout the valid promo period. Discount is applicable to Mastercard debit and credit cardholders who have saved their card to their Lazada accounts prior to the promo periods. Discount is applied automatically at the checkout only when the customer has met the minimum spend requirement and has selected Mastercard as the payment method. Discount is not exchangeable for cash, credit or other goods and services. Discount cannot be applied retroactively. Discount is not applicable to items marked “Discount not applicable on this item”. All cancelled orders will not be valid for re-instatement of Instant Off discounts. The use of discount is subject to the Lazada Voucher Terms and Conditions. CUSTOMER SUPPORT For questions or clarifications, please contact Lazada Customer Care by clicking the chat button at http://www.lazada.com.ph/contact. Per DTI Fair Trade Permit No. FTEB-170678 Series of 2023.
READ MORETo boost local rice production amid challenges faced by the rice industry, the Land Bank of the Philippines (LANDBANK) has released P2.2 billion in loans to 13,701 rice farmers and cooperatives as of 31 July 2023 through the Expanded Rice Credit Assistance under the Rice Competitiveness Enhancement Fund (ERCA-RCEF). A total of P1.1 billion of the Bank’s loan releases under ERCA-RCEF directly financed palay production of individual rice farmers listed under the Department of Agriculture’s (DA) Registry System for Basic Sectors in Agriculture (RSBSA), while P507.5 million was earmarked for relending of cooperatives to its rice farmer-members; P394.1 million for rice trading and milling; and P222 million for the purchase of farm machineries and equipment. “LANDBANK is doing its share to strengthen local rice production by providing accessible and responsive financial assistance to rice farmers. In partnership with the DA, the ERCA-RCEF program forms part of our commitment to advance the agriculture sector and empower Filipino farmers,” said LANDBANK President and CEO Lynette V. Ortiz. Of the 13,701 beneficiaries, 4,783 hailed from Region 2, particularly the rice-producing provinces of Cagayan, Nueva Vizcaya and Quirino. LANDBANK also assisted 1,858 beneficiaries from Region 3; 1,463 from Region 6; 1,334 from Region 13; 1,323 from Region 4-B; and the rest from Regions 1, 4-A, 5, 7, 8, 9, 10, 11, 12, and the Cordillera Administrative Region (CAR). “Malaki ang naitulong ng ERCA-RCEF sa aming pagsasaka dahil mababa ang interes nito kumpara sa ibang pautang. Sana ay magtuloy-tuloy pa ang Programang ito para marami pang magsasakang kagaya ko ang matulungan,” said Noemi C. Negrillo, a 68-year-old rice farmer from Quirino province who was able to purchase farm inputs and sustain her rice production through a loan under the ERCA-RCEF. Implemented in partnership with the DA, the ERCA-RCEF is a credit facility which aims to boost the productivity and income of small rice farmers and their cooperatives, and cushion the initial impact of Republic Act No. 11203, also known as the Rice Tariffication Law (RTL). LANDBANK has fully disbursed the allocated fund for ERCA-RCEF from 2019 to 2022, and shall continue to make available P500 million in loans annually until 2024 to cooperatives and rice farmers registered under the RSBSA in the country’s 38 rice-producing provinces. The ERCA-RCEF Program allows individual rice farmers to borrow up to 90% of their total project cost at a low fixed interest rate of 2% per year. The loan may be used to purchase farm inputs for rice and rice seed production, farm machineries and equipment for production and post-production, working capital for rice and seed trading, as well as relending and rediscounting of existing loans of small rice farmers listed under the DA’s RSBSA.
READ MOREAs of Fri, May 2, 2025
| Buying | Selling | |
|---|---|---|
| USD | 55.4 | 55.9 |
| JPY | 0.376062 | 0.390629 |
| EUR | 61.664004 | 64.057767 |
| GBP | 72.538526 | 75.35443 |
| HKD | 7.116675 | 7.647847 |
As of Wed, April 30, 2025
| UITF | NAVPU |
|---|---|
| Cash Management Fund | 1.558326 |
| Money Market Fund | 1.311473 |
| Money Market Plus Fund | 1.223865 |
| PERA Money Market Fund | 1.024157 |
| Medium-Term Bond Fund | 2.473735 |
| Bond Fund | 2.028301 |
| PERA Bond Fund | 1.202455 |
| Balanced Fund | 2.625609 |
| Growth Fund | 2.598945 |
| Alpha Equity Fund | 3.025756 |
| Blue Chip Equity Fund | 0.970814 |
| Equity Fund | 0.790417 |
| High Dividend Equity Fund | 1.009225 |
| US$ Money Market Fund | 1.432555 |
| Global $ Fund | 1.531474 |
