Up to 7% off all year round Mastercard cardholders can enjoy up to 7% off all year round on selected hotel bookings. Booking period: 01 February 2024 to 31 January 2025 Stay period: 01 February 2024 to 30 June 2025 To book, click on the eligible market page where your Mastercard is issued from: India: Coupon code: MCIN7 Indonesia: Coupon code: MCID7 Malaysia: Coupon code: MCMY7 Philippines: Coupon code: MCPH7 Thailand: Coupon code: MCTH7 Vietnam: Coupon code: MCVN7 How to redeem discount coupon Copy the coupon code and start to book your eligible travel. Click on Use a coupon, credit, or promotion code on the check out page. Enter your code and click Apply. Your discount will be applied on eligible bookings while coupons last. Terms and Conditions This coupon is only valid when paying with an eligible Mastercard card through the Hotels.com link via Mastercard website. Use this coupon to get 7% off the price of your booking at a participating Best Price Guarantee hotel when you stay between 1 and 28 nights. You must pay for your stay when you make the booking. The discount only applies to the first room in the booking. You’ll need to pay the full price for any other rooms. The discount doesn’t apply to any taxes, fees or additional costs. To use this coupon, you must be over 18 years old and resident in the Philippines. You may only use this coupon for bookings made between 12:00 AM GMT on 02/01/2024 and 11:59 PM GMT on 01/31/2025 on the Filipino version of Hotels.com for a stay to be completed between 02/01/2024 and 06/30/2025. Bookings are subject to availability and the hotel’s terms and conditions. This coupon can’t be used for: - Package bookings i.e. hotel + flight - Bookings made through Group Travel Services - Bookings paid for at the hotel - Bookings paid for in a foreign currency - Bookings at non-participating hotels - Bookings made prior to receipt of this coupon Go to https://ph.hotels.com/lp/b/hotel-exclusions?pos=HCOM_PH&locale=en_PH for a list of non-participating hotels. Participating hotels are subject to change at any time. You can only use this coupon for a maximum of five bookings and each time it must be used in full. After those five bookings you won’t be able to use this coupon again, even if you cancel one or more of those bookings. This coupon is only valid for the first 20000 bookings made by all customers using this coupon. You’ll be able to check that it’s still valid before completing a booking. There’s a limit of one coupon per booking. This coupon can be combined with discounted prices on Hotels.com. It cannot however be used in conjunction with any other promotion on Hotels.com, whether offered by a third party or otherwise. You can’t collect or redeem Hotels.com™ Rewards nights when you use this coupon. You can’t apply this coupon to taxes, fees, or charges including, without limitation, extra guests, phone calls, cancellation fees, parking, or other charges. You must pay these charges when you make your booking, or directly at the hotel. You can’t redeem this coupon for cash, and it can’t be transferred or sold. It’s void where prohibited by law. Improper use of the coupon by you is prohibited and could be construed as fraud. We reserve the right to change or withdraw this offer at any time and to cancel any bookings made where the coupon has been used to make any speculative, false or fraudulent bookings or any bookings in anticipation of demand. Usual booking terms and conditions apply (see hotels.com/customer_care/terms_conditions.html) and all bookings are subject to availability.
READ MOREIn the photo from left are Ayala Land, Inc. (ALI) Vice President and Treasurer Jose Eduardo A. Quimpo II, ALI Senior Vice President, Chief Finance Officer and Chief Compliance Officer Augusto D. Bengzon, ALI President and Chief Executive Officer (CEO) and AyalaLand Logistics Holdings Corp. (ALLHC) Chairman Anna Ma. Margarita B. Dy, FLOW Digital Infrastructure CEO and A-FLOW Properties I Corp. (A-FLOW) President Amandine Wang, ALI Senior Vice President, ALLHC President and CEO and A-FLOW Chairman Robert S. Lao, Land Bank of the Philippines (LANDBANK) President and CEO Lynette V. Ortiz, LANDBANK Executive Vice President and National Development Lending Sector Head Ma. Celeste A. Burgos, LANDBANK Vice President Lucila E. Tesorero and LANDBANK Vice President and Corporate Banking Department 1 Head Jell B. Ong. Makati City, Philippines – A-FLOW Properties I Corp. (A-FLOW), a joint venture between Ayala Land, Inc. (ALI) subsidiary AyalaLand Logistics Holdings Corp. (ALLHC) and FLOW Digital Infrastructure, and Land Bank of the Philippines (LANDBANK) announced the signing of a P2.4 billion loan agreement representing Tranche 1 of a P10.8 billion 10-year loan. The signing of the loan facility agreement underscores the mutual commitment to advancing the nation’s digital infrastructure and supporting the Philippines’ transition towards a more digitally integrated economy. The loan facility is intended for the development of the initial phase of the first A-FLOW data center campus located in Biñan, Laguna. Currently under construction, the 6MW-IT capacity Phase 1A of the three-building data center campus project is targeted to be ready-for-service by the end of the year. A-FLOW President Amandine Wang said, “This agreement marks a significant step forward in our shared commitment to develop the largest carrier-neutral data center campus in the Philippines. We are excited to build an ecosystem to attract a combination of international hyperscale customers and local enterprise customers.” LANDBANK President and CEO Lynette V. Ortiz emphasized the importance of collaborating with key stakeholders, “We recognize that partnering with key players like A-FLOW is essential for advancing national development. And in this era of rapid digitalization, we are likewise ready to drive investments into the local data center market, along with other sectors contributing to our nation’s technological progress,” she said. Ortiz further commented, “This is the first data center project financed by LANDBANK, and with this new partnership, we are confident that this project will yield significant economic benefits.” For ALI President and CEO and ALLHC Chairman Anna Ma. Margarita B. Dy, digital transformation, cloud computing, and the rise of artificial intelligence are technologies that require robust and scalable data center solutions. “Ayala Land is proud to be participating in this new opportunity leveraging our land and our capabilities to contribute to the country’s move towards a digital economy,” Dy said. “Like any other infrastructure project, capital is key. So, we thank LANDBANK for the P10.8 billion loan facility to A-FLOW, a critical enabler for this project,” she added. A-FLOW’s partnership with LANDBANK enables both companies to capitalize on each other’s strengths, marking a shared vision of fostering innovation and sustainable growth. This milestone collaboration underscores the importance of public-private partnerships in serving the country and achieving the nation’s development goals. About A-FLOW A-FLOW is a joint venture between FLOW Digital Infrastructure (“FLOW”), an investor, developer, and operator of digital infrastructure in Asia Pacific, and AyalaLand Logistics Holdings Corp. (“ALLHC”), the largest developer of industrial parks and real estate logistics facilities in the Philippines. A-FLOW’s first data center is strategically located in Laguna, accommodating a total of 36MW IT load capacity. With the launch of A-FLOW, the partnership supports the digital growth and expansion of businesses in the Philippines, leveraging FLOW's deep data center expertise and ALLHC's established record in industrial real estate development. About LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion and digital transformation to advance national development. Present in all 82 provinces in the country, the Bank is committed to provide accessible and responsive services to empower Filipinos towards a better future of inclusive and sustainable development from countryside to countrywide.
READ MOREUp to 10% cashback to wallet Booking period: until 31 December 2024 Stay period: Now to 30 June 2025 Eligibility: Available for all Consumer cards across Asia Pacific Offer is valid to all Mastercard Principal and Supplementary cardholders ("Mastercard cardholders") Bookings must be made via the designated booking sites: Mastercard issued in Australia, New Zealand Mastercard issued in All other markets (Except Australia, New Zealand) Booking must follow these steps: a. Sign up or log in to a registered Booking.com account b. Choose the preferred accommodation, travel dates and room type to see the rate and estimated cash back value c. Use an eligible Mastercard to complete the booking Bookings made through the Booking.com app are not eligible for this promotion. Cancelled and “no show” bookings are not eligible. Your cashback will be awarded by Booking.com. You can earn a maximum of: AUD300 back (Mastercard issued Australia, New Zealand) €300 back (Mastercard issued in all other markets, except Australia and New Zealand) Wallet Credit is not redeemable for cash, and can only be used towards all online purchases including hotels, flights and attractions. You need to have a Booking.com account to receive your reward. The email on the account must be the same used for your booking. You can create your account after you’ve made your booking. The reward will be credited at least 64 days after completion of stay in the accommodation. Cashback balance can be seen in the “Rewards & Wallet” page. All conditions of the promotion must be met at the time the booking is made. No retroactive claims will be allowed. For inquiries and concerns about the offer, you may call Booking.com Customer Service at www.booking.com/content/contact-us.html The offer is subject to terms and conditions of Booking.com here. In case of dispute, the decision of Booking.com and Mastercard shall be final. This is only eligible for cards issued in Australia, China, Hong Kong, India, Indonesia, Japan, Macao, Malaysia, New Zealand, Philippines, Singapore, South Korea, Sri Lanka, Taiwan, Thailand, Vietnam, Bangladesh, Brunei Darussalam, Cambodia, Myanmar
READ MOREFARFETCH is the leading global platform for luxury fashion, opening doors to a world of fashion – the pieces you can’t find anywhere else, the most comprehensive edits from your favourite designers and the items you’d have to travel the world to source. Every day, FARFETCH edits 500 of the newest pieces from over 750 boutiques and brand partners, delivering a truly unique shopping experience and access to the most extensive selection of luxury fashion on a single platform. Mastercard cardholders enjoy: South Korea: 10% full priced items with a minimum spend of US$300, capped at 4 redemptions per month Rest of Asia Pacific markets: 10% off full priced items with a minimum spend of US$300. To shop, click the respective page where your Mastercard card is issued from: China: Promo code MCCN10 South Korea & Rest of Asia Pacific: Promo code will be generated when you click on the link Redemption Instruction: Please shop via the link below and input promo code before check-out and pay with a valid Mastercard. Shop Now: https://farfetch.prf.hn/click/camref:1101ldvIA Terms & Conditions: A minimum spend is required to redeem these offers. Offer is valid on orders over USD 300 / EUR 300 / GBP 300 / DKK 2,000 / CAD 420 / AUD 480 / JPY 15,000 / KRW 350,000 / CHF 300 / SGD 420 / MXN 8,000 / PLN 1,200 / SEK 3,000 / AED 1,200 / QAR 1,200 / SAR 1,200 / CNY 2,100 / HKD 2,500 / MOP 2,500 / TWD 8,500. Minimum spend excludes shipping costs, cancelled orders or refunds made on returned items. Offer is for personal use by eligible Mastercard cardholders only. Offer valid until 31 December 2024. This offer can be used on full-price items only. Please be aware that there is a minimum spend required to require this offer, equivalent of EUR 300/USD 300. Offer cannot be used in conjunction with other promotional programmes, offers, discount cards, vouchers or VIP privileges unless otherwise stated. FARFETCH’s and Mastercard’s decision shall be final with respect to any Mastercard cardholder disputes regarding the offer. For a full list of shipping locations please visit FARFETCH.com. The offer is only available on selected brands and certain brands are excluded. Refer to the PDF document for list of brand exclusions. For information relating to FARFETCH return policy please visit: https://prf.hn/l/rpOJYb5 Full terms and conditions of sale can be found here: https://prf.hn/l/7abXJyV
READ MORE(front) LANDBANK President and CEO Lynette V. Ortiz (center) and Burauen Mayor Juanito E. Renomeron (rightmost) lead the opening of the LANDBANK Burauen Branch on 18 July 2024, alongside Julita Mayor Atty. Percival S. Cana (2nd from left), Burauen’s Association of Barangay Captains President Fe S. Renomeron (4th from left), and LANDBANK Executive Vice President Liduvino S. Geron (leftmost). BURAUEN, Leyte – As part of its continuing commitment to bringing banking services closer to local communities, Land Bank of the Philippines (LANDBANK) has officially inaugurated a branch in Burauen, and its eighth in the Province of Leyte. LANDBANK President and CEO Lynette V. Ortiz and Burauen Mayor Juanito E. Renomeron led the inauguration rites for the branch on 18 July 2024. They were joined by Julita Mayor Atty. Percival S. Cana, Burauen’s Association of Barangay Captains President Fe S. Renomeron, LANDBANK Executive Vice President Liduvino S. Geron, and other local government officials. Located in Brgy. Poblacion District 8, the LANDBANK Burauen Branch will cater to the banking needs of residents from the 77 barangays of the town. This eliminates the need to travel to the Tacloban City branches, saving clients two (2) hours of travel time and approximately P200 in round-trip expenses. The branch’s strategic location also allows it to reach the 142 combined barangays of the municipalities of Dagami, Julita, Tabontabon, and La Paz, servicing over 11,000 farmers and fishers, 16,700 beneficiaries of the Conditional and Unconditional Cash Transfer (CCT/UCT) programs of the Department of Social Welfare and Development (DSWD), government employees, and private depositors. “Our mission is clear – to drive transformative progress from countryside to countrywide by delivering secure and reliable financial services up to the farthest corners of the archipelago. With the new LANDBANK Burauen Branch, we aim to enhance the accessibility of banking services for local residents,” said LANDBANK President and CEO Ortiz. She also committed to supporting the Province’s entire agricultural value chain by continuously extending loans to local farmers, fishers, and other players from the sector, as well as local government units for the development of essential infrastructure. The LANDBANK Burauen Branch is equipped with two automated teller machines (ATM) and features a Digital Corner where clients can open a deposit account in 15 minutes or less using the LANDBANK Digital Onboarding System (DOBS). “All of this means only one thing and that is more opportunities for us, Burawanons, in terms of financial inclusion, financial growth, and financial development. As an agricultural municipality, this would mean a lot to our farmers and to our business sector who would no longer need to travel just to inquire and avail the services of this financial institution. Truly, LANDBANK in Burauen is a blessing for us,” said Burauen Mayor Renomeron. The new branch complements the operations of seven other LANDBANK branches in Leyte located in the cities of Baybay, Ormoc and Tacloban, and the municipalities of Carigara and Hilongos. For fast, safe, and convenient cash withdrawals and transactions, LANDBANK has 61 automated teller machines (ATMs), six cash deposit machines (CDMs), and a LANDBANKasama Agent Banking Partner strategically located across the Province. Customers can also enjoy free cash withdrawals at 43 ATMs in 7-Eleven convenience stores, as part of the Bank’s partnership with Pito Axm Platform, Inc. (PAPI). As of end-June 2024, LANDBANK operates 607 branches and branch-lite units, along with 60 lending centers nationwide. This extensive network is complemented by 3,112 ATMs and 232 CDMs, 3,399 7-Eleven ATMs, and 1,101 LANDBANKasama Partners operating 1,859 point-of-sale (POS) terminals. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion and digital transformation to advance national development. Present in all 82 provinces in the county, the Bank is committed to provide accessible and responsive services to empower Filipinos towards a better future of inclusive and sustainable development from countryside to countrywide.
READ MORELANDBANK X LAZADA 8.8 SALE I PROMO MECHANICS Promo Period: August 7, 2024 8:00PM to August 12, 2024 11:59PM Qualified Cards: LANDBANK Visa Debit Cards Offer: Enjoy 15% off, capped at P500 on LANDBANK x Lazada 8.8 Sale with a min. spend of Pl,000 using your LANDBANK Debit Card The Promotion is open to all active LANDBANK Visa Debit Cards. The Promo is valid on regular and sale items at Lazada. Purchase must be made on August 7, 2024 8:00PM to August 12, 2024 11:59PM Philippine time. Discount applies for a minimum transaction amount of P1,000. The promo can be availed by collecting the discount voucher on the Promo Page valid for 3x use per customer via Lazada mobile app only. Discount will apply automatically at the Payment Page when the eligible LANDBANK Debit Card is selected as the payment method. Customer must check if discount amount is applied before proceeding to final check-out. Minimum spend applies to total price of selected items in cart prior to any discounts and other charges. HOW TO AVAIL Download the Lazada app for free via App Store for Apple users or Google Play store for Android users. Collect the discount voucher on the Promo Page. Select the item/s you wish to purchase then click "Add to Cart". Prepare your card details for the transaction. Click the Shopping Cart icon on the right, topmost portion of the screen to view all the items on your Shopping Cart. Select the item/s you wish to purchase and once you have reviewed the items on your Shopping Cart, click "Check Out". Enter your shipping and billing information and select the credit/debit card as payment method. Enter the LANDBANK Card details and make sure to check if the discount was applied to total billing before proceeding to place the order. Click "Place Order" to complete the transaction. TERMS AND CONDITIONS Discount per voucher can be used only once throughout the valid promo period. Discount is applicable to all LANDBANK Visa Debit Cards. Discount is applied automatically at the checkout only when the discount voucher has been collected. Discount is not exchangeable for cash, credit or other goods and services. Discount amount cannot be applied retroactively. Discount is not applicable to items marked "Voucher not applicable on this item". All cancelled orders will not be valid for re-instatement of vouchers. Applicable only to eligible debit card BINs and eligible items. The use of the voucher is subject to the Lazada Voucher Terms and Conditions. Discount is not applicable to digital goods, stores with digital goods product/s, milk products for 3 years old below (under the Milk Code) and other goods from blacklisted sellers set by Lazada. Minimum spend applies to total price of selected items in cart prior to any discounts and other charges. MISCELLANEOUS PROVISIONS Limited Liability. The Parties shall hold each other free from any damage or liability that may arise from or occasioned by the exercise of their rights and obligations under this Agreement except when such damage or liability is attributable to the gross negligence or willful misconduct of a Party or any of its officers, representatives or employees. Indemnity. Lazada shall defend, indemnify, and hold LANDBANK, its officers, representatives and employees, free and harmless from and against all claims, damages, liabilities and costs of every kind and character resulting from or relating to the inaccuracy, nonfulfillment or breach of any representation, warranty, covenant or obligation of Lazada. 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-199716 Series of 2024.
READ MOREFinance Secretary and LANDBANK Chairman Ralph G. Recto (2nd from left), Bangko Sentral ng Pilipinas Governor Eli M. Remolona, Jr. (leftmost), and LANDBANK President and CEO Lynette V. Ortiz (center) confer the Ulirang Magsasaka Award to Deodany L. Cara (3rd from left) with his wife, Ma. Cecilia Cara (4th from left) during the LANDBANK 2024 MERIT Awards on 8 August 2024 in Malate, Manila. Joining them are LANDBANK Directors Virginia N. Orogo (6th from left) and Nancy D. Irlanda (7th from left), together with Executive Vice President Ma. Celeste A. Burgos (8th from left) and Vice President Rolando G. Santos. (rightmost). Land Bank of the Philippines (LANDBANK) celebrated its 61st anniversary by recognizing its exceptional development partners in the delivery of essential financial and support services in local communities nationwide. During an appreciation event held on 08 August 2024 at LANDBANK Plaza in Manila, the Bank honored outstanding clients and partners across various sectors through the Models of Excellence Recognition Initiative for Top Bank Clients (MERIT) Awards. “The success stories of our awardees mirror the potential of our nation. It illustrates how far we can progress when we commit to being each other’s steadfast partners in development,” said Finance Secretary and LANDBANK Chairman Ralph G. Recto in addressing the MERIT awardees. “Your work and contributions send a powerful message—that we can put an end to poverty not by looking out only for ourselves, but by working hand in hand together,” he added. (Left) Finance Secretary and LANDBANK Chairman Ralph G. Recto congratulates the MERIT awardees for their achievements and contributions to building a more resilient, inclusive, and sustainable economy. (Right) LANDBANK President and CEO Lynette V. Ortiz expresses her gratitude to clients and partners for their continued trust and support for the Bank. The LANDBANK MERIT Awards recognized the Bank’s high-performing clients who have become models of operational excellence, which include cooperatives, micro, small and medium enterprises (MSMEs), corporations and large enterprises, countryside financial institutions (CFIs), microfinance institutions (MFIs), and individual farmers. LANDBANK President and CEO Lynette V. Ortiz expressed appreciation to the MERIT awardees for their contributions to advancing agriculture, entrepreneurship, and financial inclusion, and reaffirmed the Bank’s commitment to helping them achieve their full potential. "When our clients thrive, we thrive. Every achievement represents our shared success; each milestone is a reflection of the strength of our partnership. That’s why it is only fitting that we pay tribute to you—our dear clients and partners—for your steadfast support and invaluable contributions on this meaningful journey," said LANDBANK President and CEO Ortiz. Finance Secretary Recto and LANDBANK President and CEO Ortiz were joined by Bangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr., LANDBANK Directors Virginia N. Orogo, Nancy D. Irlanda, and David D. Erro, and LANDBANK Executive Vice President Ma. Celeste A. Burgos and Vice President Rolando G. Santos in presenting the awards to 14 MERIT awardees. Department of Finance (DOF) Undersecretary Maria Luwalhati C. Dorotan-Tiuseco, Department of Agriculture (DA) Undersecretary Atty. Asis G. Perez, Department of Labor and Employment (DOLE) Assistant Secretary Lennard Constantine C. Serrano, Cooperative Development Authority (CDA) Assistant Secretary Santiago S. Lim, Securities and Exchange Commission (SEC) Assistant Director Daisy B. Pabuaya, and Philippine Guarantee Corporation (PGC) Senior Vice President Emmanuel R. Torres also graced the event. Under the Gawad sa Pinakatanging Kooperatiba (Gawad PITAK), the Alicia Neighborhood Multi-Purpose Cooperative and Sorosoro Ibaba Development Cooperative were hailed as outstanding agri-based cooperatives in the medium and large categories, respectively. The Ating Ani Nueva Ecija Multipurpose Cooperative and Ligas Kooperatiba ng Bayan sa Pagpapaunlad were likewise honored for their outstanding contributions under the non-agricultural category. The Gawad MSME was awarded to Ms. Fralyn B. Cruz and Sandig Medical Clinic and Hospital under the agri-based and non-agri-based sectors, respectively. The Gawad Kaagapay was given to DoubleDragon Corporation, Asialink Finance Corporation, and Soliman E.C. Septic Tank Disposal for their contributions as corporations and large enterprises to growing the local economy. ProFarmers Rural Banking Corporation, Producers Savings Bank Corporation, and ASA Philippines Foundation, Inc. were recognized with the Gawad PFI for their exceptional performance under the rural bank, thrift bank, and microfinance categories, respectively. The Ulirang Magsasaka award was awarded to Mr. Deodany L. Cara, while Mr. Roderick G. Capalongan received a special citation for his innovative approach to integrated farming. LANDBANK is celebrating its 61st anniversary this month, representing more than six decades of advancing development, inclusion, and sustainability in serving the nation. About LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation, and sustainable national development. Present in all 82 provinces in the county, the Bank is committed to provide accessible and responsive financial solutions to empower Filipinos from countryside to countrywide.
READ MOREPSALM President and CEO Dennis Edward A. Dela Serna (2nd from right), LANDBANK President and CEO Lynette V. Ortiz (rightmost), and DBP President and CEO Michael O. de Jesus (3rd from right) lead the ceremonial signing for the P110-billion syndicated loan for PSALM on 30 July 2024 in Quezon City, witnessed by Assistant Government Corporate Counsel Judge Basilia Serrano-Angeles (leftmost). Land Bank of the Philippines (LANDBANK) has extended the majority of the P110-billion syndicated loan facility to state-owned Power Sector Assets and Liabilities Management (PSALM) Corporation in support of strengthening and enhancing the competitiveness of the country’s local power industry. LANDBANK committed to financing P60 billion of the total facility amount. The proceeds will be used by PSALM to augment its working capital requirements, refinance existing liabilities, and settle domestic contractual obligations. “LANDBANK has a long-standing history of supporting the National Government’s electrification initiatives, with our loan portfolio encompassing a wide range of energy-related projects. We will continue to support PSALM in addressing the energy needs of the country today and in the future,” said LANDBANK President and CEO Lynette V. Ortiz. PSALM President and CEO Dennis Edward A. Dela Serna, together with LANDBANK President and CEO Ortiz and Development Bank of the Philippines (DBP) President and CEO Michael O. de Jesus, led the ceremonial signing for the Php 110.0 billion syndicated term loan facility agreement on 30 July 2024 in Quezon City. Assistant Government Corporate Counsel Judge Basilia Serrano-Angeles witnessed the event. “We express our heartfelt gratitude to LANDBANK, DBP and OGCC for their continued support in attaining PSALM’s financial objectives. PSALM’s liability management program has presented significant challenges as we strive to fulfill our mandate of liquidating the financial obligations we have assumed. This syndicated loan provides additional financial support to PSALM, ensuring our continued progress and assist our asset management and privatization strategies,” said PSALM President and CEO Dela Serna. “With this loan, we are projecting a net reduction of PHP12.9 billion in our financial obligations for CY 2024,” he added. LANDBANK and DBP acted as the Joint Lead Arrangers for the syndicated deal, with the DBP - Trust Banking Group as the Facility and Paying Agent, and the Office of the Government Corporate Counsel (OGCC) as the Transaction Counsel. PSALM is a wholly-owned and controlled government entity mandated under the Electric Power Industry Reform Act (EPIRA) to take over the ownership of all existing generation assets of the National Power Corporation (NPC), independent power producer (IPP) contracts, real estate, and all other disposable assets, including the transmission business of the National Transmission Corporation (TransCo). The agency also manages the orderly sale and privatization of these assets with the objective of liquidating all of NPC's financial obligations in an optimal manner. LANDBANK has been a steadfast partner of PSALM since 2008, providing essential financing in support of its mandate under the EPIRA law. The Bank also continues to service the development requirements of the energy sector, including other industry players such as large oil companies, power producers, and distribution utilities. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation, and sustainable national development. Present in all 82 provinces in the county, the Bank is committed to provide accessible and responsive financial solutions to empower Filipinos from countryside to countrywide.
READ MORELand Bank of the Philippines (LANDBANK) welcomed the recent issuance of Executive Order No. 65, which authorizes the merger of the LANDBANK Leasing and Finance Corporation (LLFC) and UCPB Leasing and Finance Corporation (ULFC). President Ferdinand R. Marcos Jr. signed EO 65 on 6 August 2024, which effectively merges the two leasing and finance corporations, with LLFC as the surviving entity. Both LLFC and ULFC are subsidiaries of LANDBANK, with the latter becoming a subsidiary upon the merger of LANDBANK and the United Coconut Planters Bank (UCPB) in 2022. “Given the similar product and service offerings, this synergy will enhance LANDBANK’s leasing and financing market power and reach. The move is also consistent with the national government’s streamlining to address duplication of functions, and organizational right-sizing to reduce the demand on government resources such as personnel and infrastructure, among others,” said LANDBANK President and CEO Lynette V. Ortiz. The merger positions LLFC to better support the national government’s development agenda, with its strengthened capital base and improved operational capacity. The state-run Bank also assured the clients of LLFC and ULFC that the merger will be smooth and orderly—with customer servicing unhampered—and conducted with the welfare of all stakeholders in mind. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation, and sustainable national development. Present in all 82 provinces in the county, the Bank is committed to provide accessible and responsive financial solutions to empower Filipinos from countryside to countrywide.
READ MOREBangko Sentral ng Pilipinas (BSP) Governor Eli M. Remolona, Jr. (leftmost) and Deputy Governor Bernadette Romulo-Puyat (rightmost) present a plaque of recognition and a special token to Land Bank of the Philippines (LANDBANK) President and CEO Lynette V. Ortiz (center), along with Executive Vice Presidents Liduvino S. Geron (2nd from right) and Leila C. Martin (4th from right), during the 2024 Outstanding BSP Stakeholders Appreciation Ceremony on 02 August 2024 at the BSP Head Office in Manila. LANDBANK was recognized for its strong support in the circulation and usage of the 1000-Piso polymer banknotes. The state-run Bank was also lauded for its vital role as the distribution arm of the National Government’s social welfare programs, ensuring the timely, safe, and efficient disbursement of cash aid to Pantawid Pamilyang Pilipino Program (4Ps) beneficiaries. ABOUT LANDBANK LANDBANK is the largest development financial institution in the Philippines promoting financial inclusion, digital transformation, and sustainable national development. Present in all 82 provinces in the country, the Bank is committed to provide accessible and responsive financial solutions to empower Filipinos from countryside to countrywide.
READ MOREAs of Fri, May 16, 2025
| Buying | Selling | |
|---|---|---|
| USD | 55.45 | 55.95 |
| JPY | 0.375569 | 0.390139 |
| EUR | 61.178427 | 63.552878 |
| GBP | 72.74607 | 75.569483 |
| HKD | 7.076805 | 7.605004 |
As of Thu, May 15, 2025
| UITF | NAVPU |
|---|---|
| Cash Management Fund | 1.560834 |
| Money Market Fund | 1.313483 |
| Money Market Plus Fund | 1.225845 |
| PERA Money Market Fund | 1.025314 |
| Medium-Term Bond Fund | 2.477153 |
| Bond Fund | 2.038708 |
| PERA Bond Fund | 1.205467 |
| Balanced Fund | 2.670118 |
| Growth Fund | 2.62956 |
| Alpha Equity Fund | 3.090066 |
| Blue Chip Equity Fund | 0.986142 |
| Equity Fund | 0.80734 |
| High Dividend Equity Fund | 1.026099 |
| US$ Money Market Fund | 1.434153 |
| Global $ Fund | 1.523621 |
