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LANDBANK, PCIC start digitalized crop insurance claims distribution
(left photo) LANDBANK Senior Vice President Ma. Belma T. Turla (2nd from right) and Philippine Crop Insurance Corporation (PCIC) Acting Senior Vice President Segundo H. Guerrero, Jr. (8th from right) lead the pilot delivery of crop insurance claims to farmer-beneficiaries via LANDBANK Prepaid Cards on 30 January 2023 at the LANDBANK Pangasinan Corporate Center. They are joined by PCIC Regional Manager Raul A. Servito (leftmost) and LANDBANK Urdaneta Branch Head Marlene M. Mendoza (rightmost). (right photo) One of the beneficiaries conveniently withdraws her insurance proceeds from a LANDBANK ATM. URDANETA CITY, Pangasinan – Leveraging on digital solutions to facilitate the fast and efficient delivery of government assistance, the Land Bank of the Philippines (LANDBANK) and the Philippine Crop Insurance Corporation (PCIC) piloted the disbursement of crop insurance claims via LANDBANK Prepaid Cards to farmers whose crops were affected by calamities and disasters. The first batch of seven farmer-beneficiaries from Region 1 received a combined P46,400 worth of initial indemnity claims credited through their LANDBANK Prepaid Cards, with five of them present during the ceremonial distribution activity on 30 January 2023. “Through our partnership with PCIC, we aim to enhance the delivery of insurance claims and make our banking services more accessible to farmers. This forms part of LANDBANK’s digital thrust of promoting financial inclusion to make banking more convenient for every Filipino,” said LANDBANK President and CEO Cecilia Cayosa Borromeo. LANDBANK Senior Vice President Ma. Belma T. Turla and PCIC Acting Senior Vice President Segundo H. Guerrero, Jr. led the distribution activity at the LANDBANK Pangasinan Corporate Center, together with PCIC Regional Manager Raul A. Servito and LANDBANK Urdaneta Branch Head Marlene M. Mendoza. As of 27 January 2023, PCIC has requested LANDBANK to produce a total of 52,236 Prepaid Cards for its farmer-beneficiaries. Of this number, LANDBANK has released 34,847 Prepaid Cards to PCIC, who will facilitate the card distribution to its farmer-beneficiaries. The farmer-recipients will be able to conveniently receive their indemnity claims in succeeding disbursements schedules. The Bank is also ramping-up the card production for 17,389 farmer-beneficiaries nationwide as endorsed by PCIC. Under a Memorandum of Agreement (MOA) signed in April 2022, LANDBANK targets to provide Prepaid Cards and facilitate the timely crediting of insurance proceeds to around 1.8 million PCIC beneficiaries. Through the LANDBANK Prepaid Cards, farmers can conveniently withdraw cash from 2,997 LANDBANK ATMs in the country. They can likewise perform cash withdrawals free-of-charge from 2,323 ATMs at selected 7-Eleven convenience stores. The LANDBANK Prepaid Cards can also be used to make cashless purchases via Point-of-Sale (POS) terminals in participating stores, such as drugstores and groceries, as well as transact with the Bank’s 1,056 Agent Banking Partners (ABPs) nationwide.
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LANDBANK makes RTB-29 purchase easier, more accessible
The Land Bank of the Philippines (LANDBANK) is providing Filipinos with safe and convenient options to invest their hard-earned money in the Retail Treasury Bonds Tranche 29 (RTB-29) with Bond Exchange. This is being offered by the National Government through the Bureau of the Treasury (BTr). Launched on 07 February 2023 with the theme, “Sama-sama sa Bagong Pag-asa,” the RTB-29 is a five-and-a-half-year bond with a coupon rate of 6.125% per annum. Proceeds of this safe and high-yielding investment instrument will help fund the country’s development plans for agriculture, infrastructure, education, and healthcare systems, among others. “We expect RTB-29 to be well-received by the market given the higher interest rates. The more retail investors participate in RTBs, the faster we are to advancing the country’s development agenda where no one is left behind,” said LANDBANK President and CEO Cecilia Cayosa Borromeo. Interested investors may conveniently purchase the RTB-29 with a minimum investment of P5,000 and integral multiples thereof, via the LANDBANK Mobile Banking App. This feature is also available in the Mobile Banking App of the Overseas Filipino Bank (OFBank), the official digital bank of the Philippine government and a subsidiary of LANDBANK. Investors of the RTB-29 can also make online placements through the BTr Online Ordering Facility and settle the payments via LANDBANK’s Link.BizPortal, free of charge. Over-the-counter placements are accepted in all LANDBANK branches nationwide. Holders of previously issued bonds, namely FXTN 5-75, 7-58, and 20-5, may also exchange and reinvest their bond holdings for the latest bond offer. The public offer period for RTB-29 is ongoing until 17 February 2023, with issue date on 22 February. The maturity date is on 22 August 2028. LANDBANK is the Joint Lead Issue Manager for the RTB-29. It is part of its continued support for greater financial inclusion and boosting public resources to fund various recovery and development programs.
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LANDBANK finances first ‘top-of-the-line’ rice mill in Iloilo province
LANDBANK Senior Vice President Elsie Fe NB. Tagupa (3rd from left) and Restia Rice Milling Corporation Vice President Dolores P. De Vicente (4th from left) lead the signing of a loan agreement for the construction of a rice mill plant and acquisition of various chattels on 20 January 2023 in Leganes, Iloilo. LEGANES, Iloilo – Over 10,000 rice farmers from Panay Island in Western Visayas are expected to benefit from the top-of-the-line rice mill plant of Restia Rice Milling Corporation starting June 2023, while also helping to improve rice production and provide post-harvest facilities in the Province of Iloilo. To be located in Brgy. Calaboa in the municipality of Leganes, the 2,472-square-meter rice mill plant will address the lack of modern production and post-production milling facilities in Iloilo—one of the top rice-producing provinces in the country. Restia has tapped the Land Bank of the Philippines (LANDBANK) to fund the construction of its rice mill plant and acquisition of various chattels. It also availed of a short-term loan line to finance its working capital requirements for palay trading, relending to farmers, and rice milling. “LANDBANK remains committed to supporting the whole agriculture value chain to boost the country’s agricultural output. Our comprehensive and holistic approach to lending ensures that all agri players have access to affordable and responsive financing,” said LANDBANK President and CEO Cecilia Cayosa Borromeo. LANDBANK Visayas Lending Group Head, Senior Vice President Elsie Fe NB. Tagupa and Restia Rice Milling Corporation Vice President Dolores P. De Vicente led the ceremonial loan signing on 20 January 2023 in Brgy. Napnud in Leganes, Iloilo to formalize the partnership. They were joined by LANDBANK Iloilo Lending Center Head, Assistant Vice President Giovani T. Baoy and Account Officer Lys Lee L. Infante, alongside Restia Rice Milling Corporation Secretary Dennis B. De Vicente, Treasurer Charmaine D. Guiang, and Board Member John Rigor C. Guiang. Restia’s new rice mill plant will boast of modern equipment that can produce high-quality long grain rice and capable of processing even wet palay stocks during the rainy season. The plant will be able to process up to 2,900 bags of palay per day, with an estimated production output of 2,400 bags. Through the rice mill, farmers from Iloilo and neighboring provinces can market their produce of well-milled and high-grade rice grains at a higher price. They can also sell their harvest directly to Restia to cut logistics expenses and avoid transacting with middlemen, thereby resulting to improved income. “Nagpapasalamat ako sa LANDBANK sa suportang ipinapaabot nila sa Restia upang mapatayo ang aming rice mill project. Ito ay lubos na makakatulong sa mga rice farmers dito sa Panay upang mabenta nila sa mas mataas na halaga ang kanilang mga produkto,” said company Vice President De Vicente. Restia Rice Milling Corporation is the new flagship business of the Restia Group of Companies which was established to support local farmers and improve the quality of local milled rice. The start-up company is also collaborating with the Department of Agriculture (DA) to establish an efficient logistics system in Panay Island for the benefit of local rice farmers. LANDBANK has been extending accessible and affordable financing to all players in the agriculture value chain, in line with its broader thrust of serving the nation. As of 31 December 2022, LANDBANK’s agriculture loan portfolio has expanded to P261.7 billion, of which P166.8 billion supported small, medium, and large agribusiness.
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LANDBANK joins Isabela’s Bambanti Festival celebration
ILAGAN CITY, Isabela – The Land Bank of the Philippines (LANDBANK) joined the Province of Isabela in celebrating the annual Bambanti Festival to honor the hard work of local farmers and express gratitude for a bountiful harvest. Bambanti, the Ilocano term for scarecrow, is regarded as the guardian of Isabela’s farms and fields. LANDBANK set-up a booth in the Provincial Capitol Grounds in Ilagan City—the country’s corn capital—during the week-long celebration to accommodate potential clients and offer the Bank’s products and services to attendees of the festival, which was sponsored in part by LANDBANK. Over the years, LANDBANK has strengthened its presence in Isabela through eight Branches, one Agri-Hub, 58 ATMs, 17 Agent Banking Partners, and two Lending Centers, to provide accessible and convenient banking and financial services to residents.
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LANDBANK, Pryce Corp. ink P1.6-B loan for business expansion
LANDBANK President and CEO Cecilia Cayosa Borromeo (3rd from left) along with Pryce Corporation Chairman Salvador P. Escaño (4th from left) and President Efren A. Palma (5th from left) lead the signing of a P1.6-billion credit agreement to fund the firm’s expansion on 27 January 2023 at the LANDBANK Plaza in Malate, Manila. Joining them are Pryce Gases, Inc. Chairman Atty. Earl Christian L. Lerio (rightmost), LANDBANK Senior Vice Presidents Ma. Celeste A. Burgos (2nd from left) and Charlotte I. Conde (leftmost). The Land Bank of the Philippines (LANDBANK) and Pryce Corporation signed a P1.6-billion loan agreement to fund the expansion of the firm’s operations in real estate development and liquefied petroleum gas (LPG) distribution. LANDBANK President and CEO Cecilia Cayosa Borromeo, Pryce Corporation Chairman Salvador P. Escaño and President Efren A. Palma led the signing on 27 January 2023 at the LANDBANK Plaza in Malate, Manila. They were joined by Pryce Gases, Inc. Chairman Atty. Earl Christian L. Lerio, LANDBANK Senior Vice Presidents Ma. Celeste A. Burgos and Charlotte I. Conde, and Vice President Jimmy P. Arco. “LANDBANK is committed to supporting the continued expansion of Pryce Corporation to help provide a wide array of essential products and services to customers nationwide. We stand ready to serve the growth requirements of the firm and its subsidiaries, as well as other productive businesses towards advancing inclusive economic development,” said President Borromeo. Of the total loan amount, Pryce Corporation will allocate P1.5 billion for the construction of LPG terminals and refilling stations of its subsidiary, Pryce Gases, Inc. Pryce’s other subsidiary, Oro Oxygen Corporation, will be supported with P105 million to fund the expansion of its LPG products distribution. The remaining P55 million will finance the development of Pryce Company’s memorial parks and columbariums in major cities of Mindanao, including one in Iligan City that is currently ongoing construction. “The P1.6-billion loan from LANDBANK, combined with Pryce’s existing resources, will help Pryce to further expand its LPG infrastructure and penetrate the market more deeply, thereby enabling Pryce to increase its market share. It will also bring the PRYCEGAS products closer and more accessible to the many household consumers,” said Chairman Escaño. Pryce Corporation was established as a property holding and real estate development company, which is principally involved in the development of memorial parks and sale of memorial lots. At present, it has a total of 13 memorial parks in Mindanao and one columbarium in Cagayan de Oro City. LANDBANK supports the financing requirements of key productive sectors of the economy, to drive its broader thrust of nation-building in serving the nation.
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LANDBANK, GCG sign performance agreement for 2023
Governance Commission for GOCCs (GCG) Chairperson Alex L. Quiroz (left) and LANDBANK President and CEO Cecilia Cayosa Borromeo (right) sign LANDBANK’s Performance Scorecard measures and targets for the year on 24 January 2023 at the GCG Office in Makati City. The new performance scorecard was aligned with the Bank’s 2023-2028 Medium-Term Plan (MTP) that supports the National Government’s priority agenda. The performance agreement between GCG and LANDBANK has been executed pursuant to GCG Memorandum Circulars 2013-02 and 2017-02, which provide the framework for setting the organizational targets of a GOCC.
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LANDBANK end-2022 income surges 38.2%, breaches P30-B mark
The Land Bank of the Philippines (LANDBANK) generated a net income of P30.1 billion in 2022—surpassing by almost P5 billion its full-year target of P25.7 billion—for a significant 38.2% expansion from P21.7 billion in 2021. The state-run Bank breached the P30 billion mark in total net income for the very first time, driven by the substantial interest income from loans and investments, alongside earnings from fees, commissions, and foreign exchange, among other income sources. “LANDBANK’s strong performance in 2022 represents another milestone year, with a solid balance sheet that continues to overcome external headwinds and yield sustainable growth. We look forward to a more favorable economic environment this year, as we take on a more prominent role in nation-building as a development institution,” said LANDBANK President and CEO Cecilia Cayosa Borromeo. LANDBANK’s assets posted a double-digit growth of 21.5% to reach P3.1 trillion from P2.6 trillion. The increase was propelled by deposits expanding 21.8% to P2.8 trillion from P2.3 trillion year-on-year. The government sector accounted for the bulk of the Bank’s total deposits at 67.6% or P1.9 trillion. This includes deposits from national government agencies and GOCCs which increased by 48.1% and 22.5%, respectively, over the previous year. LANDBANK’s capital likewise grew a modest 1.4% to P210.6 billion from P207.7 billion. This was accomplished despite the P8.5 billion in special cash dividends remitted to the National Government in June 2022, due to the record net income. Meanwhile, the Bank’s financial ratios remain at healthy levels, with return on equity at 14.37%, return on assets at 1.05%, and net interest margin at 2.97%. LANDBANK’s sound financial position is boosting its capacity to extend support to key development sectors, as part of its broader thrust of serving the nation.
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LANDBANK Securities celebrates new home in BGC
LANDBANK President and CEO Cecilia Cayosa Borromeo (3rd from left) and LSI Chairman and LANDBANK Executive Vice President Liduvino S. Geron (4th from left) lead the ribbon-cutting ceremony for the new office of the Land Bank Securities, Inc. (LSI) at the Philippine Stock Exchange Tower in Bonifacio Global City, Taguig City on 26 January 2023. Joining them are LANDBANK Executive Vice Presidents Alex A. Lorayes (leftmost) and Carel D. Halog (5th from left), First Vice President Atty. Roderick P. Sacro (rightmost), and LSI Officer-in-Charge Atty. Florence R. Claveria (2nd from left). The Land Bank Securities, Incorporated (LSI) held a blessing and ribbon-cutting ceremony for its new office at the Philippine Stock Exchange Tower in Bonifacio Global City, Taguig City on 26 January 2023, as it positions to become a major player in the Philippine capital markets. Formerly UCPB Securities, Incorporated, LSI is now the wholly-owned official stock brokerage subsidiary of the Land Bank of the Philippines (LANDBANK) following the merger last year of the former United Coconut Planters Bank (UCPB) with LANDBANK. LANDBANK President and CEO Cecilia Cayosa Borromeo alongside LSI Chairman and LANDBANK Executive Vice President Liduvino S. Geron led the office blessing. They were joined by LANDBANK Executive Vice Presidents Alex A. Lorayes and Carel D. Halog, First Vice President Atty. Roderick P. Sacro, and LSI Officer-in-Charge Atty. Florence R. Claveria, among other LANDBANK and LSI officers. “We have high hopes for LSI and its potential to capture a bigger share of the market. As its mother bank, LANDBANK will support the expansion of LSI’s operations as it grows to be a serious player in the capital markets,” said President Borromeo. LSI connects investors to the Philippine stock market and provides an array of services to invest in listed stocks of companies at the Philippine Stock Exchange. The stock brokerage company offers services such as traditional or broker-assisted trading, online trading, and lodgement and upliftment of securities. LSI uses the MyStocks online stock trading portal, which allows investors to conveniently buy, sell, and trade stocks online. The company also facilitates Stock Market 101 seminars monthly for interested participants who want to know more about how to grow their investments in the stock market.
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LANDBANK Foundation runs FinLit, natural farming trainings in Lake Sebu
LANDBANK President and CEO Cecilia Cayosa Borromeo (3rd from right) receives a plaque of commendation from Lake Sebu Mayor Floro S. Gandam (4th from right) during the Financial Literacy Training Program and Natural Farming Management Workshop in Lake Sebu, South Cotabato on 20 January 2023. Joining them are (L to R) LCDFI Chairperson Consuelo N. Padilla, HCCCI Chairman Nathaniel S. Caballero, HCCCI President Marivet S. Caballero, and LANDBANK Senior Vice Presidents Ma. Celeste A. Burgos and Leila C. Martin LAKE SEBU, South Cotabato – The Land Bank of the Philippines (LANDBANK) through its foundation successfully conducted trainings on financial literacy and natural farming in this town on 20 January 2023, in line with the Bank’s commitment to advance financial inclusion while extending support to the agriculture sector. In partnership with the Holy Child Central Colleges, Inc. (HCCCI) and the local government of Lake Sebu, the trainings were designed to enhance the technical capacity and livelihood skills of farmers, fishers, small and medium entrepreneurs, and LGU employees in the area. LANDBANK President and CEO Cecilia Cayosa Borromeo observed the training proceedings, together with Lake Sebu Mayor Floro S. Gandam, HCCCI Chairman Nathaniel S. Caballero, HCCCI President Marivet S. Caballero, LANDBANK Senior Vice Presidents Ma. Celeste A. Burgos and Leila C. Martin, and LANDBANK Countryside Development Foundation, Inc. (LCDFI) Chairperson Consuelo N. Padilla. “Apart from offering accessible credit, LANDBANK also provides innovative capacity-building interventions to our partners. We are promoting financial inclusion to advance economic opportunities and help spur sustainable development in local communities,” President Borromeo said. President Borromeo examines the natural fertilizers produced by the participants from the Natural Farming Management Workshop. Among the farmer organizations who participated in the one-day training workshop include the Lake Sebu Vegetable Association (LAS VEGAS), Lake Sebu Indigenous Women and Farmers Association (LASIWFA), and the MNLF Luhib Lake Sebu Coconut Farmers Organization (MLLSCFO). Since July 2022, LCDFI has conducted 32 training sessions that benefitted a total of 6,000 farmers, fishers, and farm laborers from all the barangays of Lake Sebu. They form part of the total 300,300 training participants that LCDFI has supported nationwide from July 2020 until December 2022, located in 196 unbanked municipalities in 53 provinces. The LCDFI is a non-stock, non-profit corporate foundation of LANDBANK, and serves as its training arm to strengthen cooperatives and assist farmers and fishers in their development.
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LANDBANK taps Lake Sebu co-op as Agent Banking Partner
LANDBANK President and CEO Cecilia Cayosa Borromeo (3rd from left) and Lake Sebu Countryside Development Multipurpose Cooperative (MPC) Vice Chairman Felimon Elloran (leftmost) lead the signing of the Memorandum of Agreement to officially tap the cooperative as an Agent Banking Partner of LANDBANK in the municipality. Joining them are MPC Manager Rosie Makilan (2nd from left), and LANDBANK Senior Vice President Leila C. Martin (rightmost). LAKE SEBU, South Cotabato – The Land Bank of the Philippines (LANDBANK) has tapped the Lake Sebu Countryside Development Multipurpose Cooperative (MPC) to serve as its Agent Banking Partner in this underserved municipality, as part of the Bank’s mandate to advance greater financial inclusion in the country. As a LANDBANK Agent Banking Partner, the Lake Sebu Countryside Development MPC will now offer basic banking services, such as card sale, cash-in, cash-out, fund transfer, and bills payment, as well as other services that may be offered by LANDBANK in the future. The cooperative will also service the cash requirements of around 13,700 beneficiaries of the National Government’s Conditional Cash Transfer (CCT) Program in the area, who previously had to travel to the municipality of Surallah to withdraw their cash grants. “Our MOA signing represents a big step in providing access to banking services to the unbanked municipality of Lake Sebu. As we deliver our services closer to our customers here, we are also allowing them to enjoy lower transaction costs and save on travel expenses,” LANDBANK President and CEO Cecilia Cayosa Borromeo said. President Borromeo and Lake Sebu Countryside Development MPC Vice Chairman Felimon Elloran led the signing of the Memorandum of Agreement to formalize the partnership on 20 January 2023 at the Punta Isla Lake Resort in Lake Sebu. They were joined by the cooperative’s Manager, Rosie Makilan, and LANDBANK Senior Vice President Leila C. Martin. Under its Agent Banking Program, LANDBANK initiates partnerships with client cooperatives, associations, rural banks, local government units (LGUs), micro, small and medium enterprises (MSMEs), and private entities to help provide basic banking services to areas with limited or no Bank presence. As of 31 December 2022, LANDBANK has a total of 1,056 Agent Banking Partners nationwide, covering all 82 provinces and 827 municipalities. This includes 206 unbanked municipalities based on the list of the Bangko Sentral ng Pilipinas (BSP) as of December 2021, and 621 underserved municipalities or with limited LANDBANK presence. The LANDBANK Agent Banking Program is in compliance with Bangko Sentral ng Pilipinas (BSP) Circular No. 940 series of 2017, wherein banks are allowed to serve customers through cash agents contracted to perform selected banking services on its behalf in order to exponentially expand its reach and serve customers more efficiently.
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More LANDBANK-financed modern jeepneys to ply Iloilo City by February
LANDBANK Visayas Lending Group Head, Senior Vice President Elsie Fe NB. Tagupa (3rd from left) and Western Visayas Transport Cooperative (WVTC) Chairman Raymundo G. Parcon (4th from left) lead the loan signing for the purchase of 95 modern jeepneys on 19 January 2023 at the Richmonde Hotel in Iloilo City. ILOILO CITY – Some 95 additional new modern jeepneys will start plying the city’s streets in February 2023 after the Land Bank of the Philippines (LANDBANK) and Western Visayas Transport Cooperative (WVTC) signed a loan contract for the acquisition of brand new and environment-friendly public utility jeepneys (PUJs). LANDBANK Visayas Lending Group Head, Senior Vice President Elsie Fe NB. Tagupa and WVTC Chairman Raymundo G. Parcon led the loan signing on 19 January 2023 at the Richmonde Hotel in Iloilo City. They were joined by WVTC General Manager Halley T. Alcarde and other co-op members, alongside LANDBANK Iloilo Lending Center Head, Assistant Vice President Giovani T. Baoy and other Bank officers. The WVTC’s modern jeepneys will provide a convenient, safe, and comfortable commuting experience for Ilonggos in 13 routes in Iloilo City. The units will be equipped with air-conditioning, closed-circuit television (CCTV) systems, Wi-Fi connectivity, Global Positioning System (GPS), and a cashless payment system, among others. More than the safety and convenient features, modern jeepneys have minimal impact on the environment as these will be compliant with the European emission standards for globally-accepted vehicle exhaust emission limits. “LANDBANK remains committed to supporting the National Government’s agenda towards building a modernized transport system. We stand ready to assist more transport cooperatives and corporations nationwide to make the shift to safer and more efficient vehicles,” said LANDBANK President and CEO Cecilia Cayosa Borromeo. LANDBANK’s financing for the purchase of modern jeepneys will also provide a sustainable source of income to over 700 operator and driver-members of WVTC, who were previously at risk of losing employment with the planned phaseout of old jeepneys. “Nagpapasalamat kami sa LANDBANK sa tiwala at tulong nito sa aming kooperatiba. Pumupunta sila sa aming opisina at talagang ginagabayan kami para matapos ang mga loan requirements. Sana magpatuloy pa ang tulong sa amin ng LANDBANK upang patuloy naming maserbisyuhan ang mga commuters sa Iloilo City,” said WVTC Chairman Parcon. The WVTC was formed in 2017 to comply with the Department of Transportation’s (DOTr) order to convert various associations of operators and drivers into a cooperative to operate modern PUJs. In April 2022, the cooperative was granted a franchise by the Land Transportation Franchising and Regulatory Board (LTFRB) to operate more than 550 units plying 13 routes in Iloilo City. The co-op plans to seek LANDBANK’s assistance again to fund its remaining approved units. The modern jeepneys of WVTC are financed under the LANDBANK SPEED PUV (Special Package for Environment-Friendly and Efficiently-Driven Public Utility Vehicles) Program, which directly supports the Public Utility Vehicle Modernization Program (PUVMP) spearheaded by the DOTr and LTFRB. As of 31 December 2022, LANDBANK has approved P6.3 billion in loans to 138 transport cooperatives and corporations nationwide under the Program for the acquisition of over 2,860 modern jeepneys. Of this number, the Bank has extended P751.2 million to 10 borrowers from Iloilo to finance a total of 334 units.
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Surallah LGU taps LANDBANK for online collection of payments
(left) LANDBANK President and CEO Cecilia Cayosa Borromeo (3rd from left) and Surallah Mayor Pedro Matinong, Jr. (2nd from left) lead the ceremonial launching of the LANDBANK Link.BizPortal as an alternative payment channel of the Municipal Government of Surallah for the payment of local dues and fees online. (right) The two principals demonstrate the convenience of using the payment facility during the event launch on 20 January 2023 at the Surallah Municipal Hall. SURALLAH, South Cotabato – In line with digitalizing public services, the Municipal Government of Surallah has partnered with the Land Bank of the Philippines (LANDBANK) to provide its constituents with an online payment option to settle local government fees. Through the LANDBANK Link.Biz Portal, residents of the Municipal Government of Surallah can now conveniently pay fees and taxes online, eliminating the need to physically travel and queue at the Surallah Municipal Hall. LANDBANK President and CEO Cecilia Cayosa Borromeo and Surallah Mayor Pedro Matinong, Jr. led the ceremonial launching of the Link.BizPortal on 20 January 2023 at the Surallah Municipal Hall. They were joined by Municipal Administrator Rene G. Garcia along with LANDBANK Senior Vice Presidents Celeste A. Burgos, Leila C. Martin, and Charlotte I. Conde. “LANDBANK fully supports Surallah’s growth agenda in building quality infrastructure and in developing a bustling economic environment. We greatly appreciate the LGU for allowing us to be part of their digitalization journey to deliver convenient public services to its constituents,” said President Borromeo. Through a Memorandum of Agreement (MOA), the LANDBANK Link.BizPortal will facilitate for the Surallah LGU payments for regulatory fees, such as license and permit fees, as well as real property and business taxes. The Bank shall also ensure the online payment facility’s utmost security and report to the LGU the number and total amount of transactions or collections facilitated daily. “Nawa’y magamit natin ang teknoloyihang itong handog ng LANDBANK para mas mapabuti pa ang serbisyo ng LGU Surallah sa lahat ng ating mga mamamayan. Asahan po ninyo na kaisa ng LANDBANK and Surallah sa pagsulong ng mga teknolohiyang magpapagaan ng pamumuhay ng mga taga-Surallah,” said Mayor Matinong. LANDBANK is offering a menu of digital products and services to all local governments nationwide, in support of Executive Order No. 170 or the Adoption of Digital Payments for Government Disbursement and Collections. The LANDBANK Link.BizPortal is also in line with the national government’s call for a National Retail Payment System, which also supports the “eGov Pay” payment solution of the Bangko Sentral ng Pilipinas (BSP).
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