Labo Progressive Multi-Purpose Cooperative officers led by General Manager Mario Espeso (6th from left) with LANDBANK Officers and staff led by Senior Vice President Lucila E. Tesorero (5th from left). (inset) Workers process freshly-picked pineapples into world-class products. LABO, Camarines Norte – From its humble beginnings as a small group of public market vendors who started a paluwagan (an informal savings-and-lending group) back in 1987, the Labo Progressive Multi-Purpose Cooperative (LPMPC) has since grown to become one of the largest cooperatives in Camarines Norte and a leading force in pineapple farming and trading in the province. The co-op’s turning point happened in 1995 when a powerful typhoon devastated the province. It was also that year when its partnership with the Land Bank of the Philippines (LANDBANK) came into fruition. “When typhoon Rosing tore down LPMPC’s office that year, LANDBANK helped us out with a loan to purchase the 1.3-hectare piece of land where our new office now proudly stands,” recalled General Manager Mario Espeso. Today, LPMPC’s main headquarters now features a training center and several other buildings for its financing and agribusiness projects such as organic fertilizer, virgin coconut oil, and handmade paper production. LPMPC is a recognized pioneer in integrated pineapple production and processing. Knowing fully well the importance of value chain, the group purchases pineapples produced by farmer-members which are then processed into various pineapple products under the brand name “Queench”. The Queench line includes pineapple juice drinks, jams, dried pineapple, and jellies. Trained LPMPC craftsmen also produce pineapple fiber from the leaves that are then made into handmade paper and hand-woven cloth marketed as Formosa Manos. Even at the height of the government-imposed lockdowns caused by the COVID-19 health crisis, LPMPC continued to safely buy the produce of farmer-members or match them with buyers. This provided its members a steady source of income, the pandemic notwithstanding. LPMPC also provides job opportunities for locals, hiring employees for their credit and savings operations, and workers for the various agri-enterprises, including weavers and hand scrapers of pineapple leaves. Inmates of three (3) nearby district jails serve as fiber knotters and are given an extra source of income while serving time. The co-op has expanded to include four branches and one satellite office across the province catering to its more than 7,000 members. It also took over the management of the Agri-Pinoy Trading Center, the Provincial Agricultural Trading Center in Camarines Norte. Over the last 25 years, LANDBANK serves as one of LPMPC’s major partners in growth. Aside from financing the co-op’s working capital requirements, LANDBANK—through its subsidiary, the LANDBANK Countryside Development Foundation, Inc. (LCDFI)—conducts free capacity-building seminars and offers skills training and cooperative management scholarships for members. LANDBANK recognizes the importance of co-ops in local development, particularly in the agriculture sector. As of August 2020, the Bank’s outstanding agricultural loans reached P224.66 billion, of which P20.86 billion was extended to 1,081 cooperatives and farmers’ associations. For more information about the LANDBANK’s Lending Programs, contact the nearest open LANDBANK Lending Center or Branch nationwide, or call LANDBANK’s customer service hotline at (02) 8-405-7000 or at PLDT Domestic Toll Free 1-800-10-405-7000.
READ MOREBataan Governor Albert S. Garcia (3rd from left) and LANDBANK Central Luzon Branches Group Head First Vice President Sylvia C. Lim (4th from left) lead the official inauguration of the new LANDBANK Bataan Capitol Branch-Lite at The Bunker in Balanga City, Bataan. Joining them are (from left to right) LANDBANK Balanga Branch Head Nenita C. Lopez, Bataan Vice-Governor Ma. Cristina M. Garcia, Balanga Mayor Francis Anthony S. Garcia, and LANDBANK Bataan Capitol Branch-Lite Head Mark Michael Y. Apaya. BALANGA, Bataan – The Land Bank of the Philippines (LANDBANK) officially inaugurated on October 28, 2020 the Bataan Capitol Branch-Lite as it continues to expand its branch network to provide banking services to the public despite the ongoing COVID-19 pandemic. With the opening of the LANDBANK Bataan Capitol Branch-Lite, the state-run bank now operates 411 branches and extension offices strategically located across the country’s 81 provinces. This is complemented by 51 Lending Centers and 2,263 ATMs nationwide. “LANDBANK remains aggressive in bringing banking services closer to unbanked and underserved areas in the country. During these challenging times, Filipinos need safer, faster and more convenient access to financial services. We are committed in fulfilling this, while ensuring the health and safety of our clients and personnel,” said LANDBANK President and CEO Cecilia C. Borromeo. The inauguration was led by Bataan Governor Albert S. Garcia and LANDBANK Central Luzon Branches Group Head First Vice President Sylvia C. Lim. They were joined by Bataan Vice-Governor Ma. Cristina M. Garcia, Balanga Mayor Francis Anthony S. Garcia, LANDBANK Balanga Branch Head Nenita C. Lopez, and LANDBANK Bataan Capitol Branch-Lite Head Mark Michael Y. Apaya. The LANDBANK Bataan Capitol Branch-Lite will serve as an extension office of the Balanga Branch to help provide banking services to the entire province of Bataan, the 25 barangays of the City of Balanga, and various government agencies. This first LANDBANK branch-lite in the province is also expected to service the 236 farmers from Balanga, as well as the 1,025 beneficiaries of the Department of Social Welfare and Development (DSWD) under its Listahan and Social Pension programs. “With the City of Balanga’s steady progress through the years, it is but fitting that we at LANDBANK strengthen our presence here. Through this branch-lite, we hope to further contribute to the growth and development of Balanga and the entire Province of Bataan,” said LANDBANK FVP Lim. “Natutuwa po ako na nandito na ang LANDBANK to support us. Thank you very much for your continued partnership, trust, and confidence for the City of Balanga, the Province of Bataan, and our people,” Bataan Governor Garcia said, noting that having a LANDBANK branch in the area helps promote stability and symbolizes a bright future. The LANDBANK Bataan Capitol Branch-Lite will also play a significant part in the Province of Bataan’s vision of creating a “One-Stop-Shop” business center that houses national and local government offices, along with banks and other commercial establishments. LANDBANK clients of the Bataan Capitol Branch-Lite will enjoy the convenience of the Digital Onboarding System (DOBS), a web application that makes the accomplishment of account enrolment forms easier and reduces account opening time to only 10 to15 minutes. Opening an account through DOBS allows automatic enrollment to LANDBANK iAccess for internet banking, the LANDBANK Mobile App for convenient banking transactions through smartphones, and the LANDBANK Link.BizPortal for payment of bills, products and services to the enrolled merchants. LANDBANK now operates a total of five branches in Bataan, with the Bataan Capitol Branch-Lite and Balanga Branch complementing operations in Mariveles, Dinalupihan and Limay. A total of 22 LANDBANK ATMs are also spread across the province to facilitate fast, safe and timely cash transfers and withdrawals for Bataaeños.
READ MORE(Photos courtesy of LGU) Pola Mayor Jennifer M. Cruz (2nd from left) and LANDBANK Pinamalayan Branch Head Ferdinand E. Abas (3rd from left) lead the ceremonial ribbon cutting during the inauguration of the first ATM in the Municipality of Pola. POLA, Oriental Mindoro – Computerized banking reached the third-class municipality of Pola in Oriental Mindoro with the inauguration last October 19, 2020 of the very first automated teller machine (ATM) located at the Pola Community College Center. The Land Bank of the Philippines (LANDBANK) and the Local Government Unit (LGU) of Pola launched the ATM unit, led by Pola Mayor Jennifer M. Cruz and LANDBANK Pinamalayan Branch Head Ferdinand E. Abas in a special flag raising ceremony. The installation of the new ATM is part of LANDBANK’s aggressive thrust to promote financial inclusion and bring banking services closer to remote municipalities in the country. This brings the number of ATMs in Oriental Mindoro to 25, complementing three (3) LANDBANK branches in the province – LANDBANK Calapan Branch serving the Municipalities of Calapan, Baco, San Teodoro, Puerto Galera, Naujan, and Victoria; LANDBANK Pinamalayan Branch serving the municipalities of Pinamalayan, Pola, Bongabong, Bansud, Gloria, Socorro and Concepcion in the province of Romblon; and LANDBANK Roxas Mindoro Branch serving the municipalities of Roxas, Mansalay, and Bulalacao. In her speech, Mayor Cruz acknowledged and expressed her gratitude to LANDBANK on behalf of the LGU, for the Bank’s contribution to the development of their community. She added that the newly-installed ATM would be beneficial to her constituents, especially to the Pantawid Pamilyang Pilipino Program (4Ps) beneficiaries, who needs to travel to other nearby towns to withdraw their government cash assistance due to the unavailability of ATMs in the area. The 4Ps is a human development measure of the national government that provides conditional cash grants to the poorest of the poor, to improve the health, nutrition, and the education of children aged 0-18. The Department of Social Welfare and Development (DSWD) is the lead government agency of the program with LANDBANK as the designated distribution agency. The new ATM, located at Pola Community College, is now available to serve clients and government beneficiaries. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), or visit the LANDBANK website (www.landbank.com).
READ MOREInvesting in government securities has been made available online, as state-run Land Bank of the Philippines (LANDBANK) offers online channels to allow the general public to safely and conveniently invest in the recently launched one-year peso-dominated “Premyo Bonds Para Sa Bayan 2” (Premyo Bonds 2) of the Bureau of the Treasury (BTr). The event launch and investors’ briefing last November 11 was led by Finance Secretary Carlos G. Dominguez III and National Treasurer Rosalia V. De Leon. They were joined by top executives from partner banks and institutions in both private and public sectors, including LANDBANK President and CEO Cecilia C. Borromeo, and OFBank President and CEO Leila C. Martin. “We have seen a growing public interest for the Premyo Bonds, and by making available online channels, more Filipinos both here and abroad will be able invest in government securities. While they earn from their investments, they will also have the chance to win prizes during the quarterly draws,” said LANDBANK President Borromeo. Aside from over-the-counter placements at all LANDBANK branches, interested Premyo Bonds 2 investors may access the BTr’s Online Ordering System at www.treasury.gov.ph, and settle the payment via LANDBANK’s online payment facility, Link.BizPortal, free of charge. LANDBANK is also giving Filipinos abroad a platform to participate in Premyo Bonds 2 offering through the mobile banking application of the Overseas Filipino Bank (OFBank), the Bank’s digital-only branchless bank subsidiary. Through the OFBank Mobile Banking App (MBA), Filipinos across the world may invest in Premyo Bonds 2 in as fast as five minutes or less through their smartphones. The use of the App, which can be accessed 24/7, is also free of charge. The OFBank MBA accepts placements of up to P500,000 per transaction. For investments more than this amount, investors may do multiple transactions as long as each transaction is up to P500,000 only. Similar to those issued last year, Premyo Bonds 2 are sold at only P500 each. These low-risk government securities have an interest rate of 1.25% per annum, subject to a 20% final tax. The offer period for Premyo Bonds 2 will run until December 11, 2020, with settlement on December 16. Proceeds from the issuance will be used to fund government programs on the response for the COVID-19 crisis, education and healthcare, among others. On top of quarterly interest payments, investors of Premyo Bonds 2 will have the chance to win cash rewards of over P1 million, as well as brand new cars during the quarterly rewards draws. Each P500 investment entitles the eligible bondholder one bond unit with Electronic Rewards Number (eRN), which will serve as one entry in the quarterly draws. National Treasurer De Leon said that the Premyo Bonds issuance aims to familiarize more Filipinos with government securities, while getting them into the habit of investing and helping the government expand its financing footprint in the retail sector. She added that investors with P20,000 or below will be qualified for a special rewards draw with 20 winners of P50,000 each per quarter. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), or visit the LANDBANK website (www.landbank.com).
READ MOREState-run Land Bank of the Philippines (LANDBANK) successfully listed its P5 billion maiden offering of Sustainability Bonds on the Philippine Dealing and Exchange Corp. (PDEx) during a virtual ceremony held on November 17. The issuance was more than five times oversubscribed, with total bids reaching P16.6 Billion, leading to an increase in the total issue size from P3 Billion to P5 Billion. LANDBANK closed the offer period on its very first day of offering last October 26, 2020 given the overwhelming market demand for the issue. “Amidst the backdrop of a recovering economic environment, we are pleased with the strong investor confidence in LANDBANK’s stable financial position. The strong interest is also a clear reflection of the conscious and growing demand for environmental and socially responsible programs and initiatives that LANDBANK promotes,” said LANDBANK President and CEO Cecilia C. Borromeo. The LANDBANK Sustainability Bonds were priced at a coupon rate of 2.5872% per annum, payable quarterly, the lowest rate among comparable issuers. It has a tenor of two years, maturing in 2022. The minimum investment amount is P50,000 and in multiples of P10,000 thereafter. The Sustainability Bonds are designed to finance various loan programs that support sustainable green and social projects in accordance with LANDBANK’s Sustainable Finance Framework. Standard Chartered Bank (SCB) is the Sole Arranger and Bookrunner of the bonds, as well as co-Selling Agent with LANDBANK. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), or visit the LANDBANK website (www.landbank.com).
READ MOREState-run Land Bank of the Philippines (LANDBANK) has been designated as the depository and financial settlement bank of the Securities and Exchange Commission (SEC) for online payments, in line with serving the growing demand for safe and contactless payment solutions. LANDBANK will ensure the efficient collection and settlement of payments made by SEC clients through PayMaya, including the timely remittance of fees due the Bureau of the Treasury (BTr). Under the new partnership, LANDBANK will maintain current and clearing accounts for SEC and BTr, respectively, to credit payments accepted and deposited by PayMaya through the LANDBANK weAccess facility. LANDBANK will also open a Guaranty Deposit account for PayMaya equivalent to the average total daily collection or in the amount agreed by both parties. The collaboration was formalized over a quadripartite Memorandum of Agreement (MOA) virtually signed by SEC Commissioner Kelvin Lester K. Lee, National Treasurer Rosalia V. de Leon, LANDBANK President and CEO Cecilia C. Borromeo, and PayMaya Philippines, Inc. Founder and CEO Orlando B. Vea on November 18, 2020. The MOA signing was witnessed by SEC Commissioner Javey Paul D. Francisco, BTr Deputy Treasurer Sharon P. Almanza, BTr Asset Management Service OIC-Director Eduardo Anthony G. Mariño III, LANDBANK Branch Banking Sector Executive Vice President Julio D. Climaco, Jr., and PayMaya Enterprise Head of Government Sector Marvin Santos. “LANDBANK welcomes this collaboration and will ensure the efficient settlement and remittance of SEC fees and other payments. Rest assured that LANDBANK is one with you in the continued delivery of public services, and boosting government collection rates toward revitalizing our economy,” LANDBANK President and CEO Borromeo said. In 2017, LANDBANK and SEC entered into an agreement to utilize LANDBANK’s Electronic Payment Portal (ePP) to provide a convenient and secure means of processing payments for the SEC iView and other transactional fees. As of October 30, 2020, the LANDBANK ePP has successfully facilitated for the SEC a total of 6,439 transactions amounting to P28.4 Million. In 2011, LANDBANK Branches also started processing registration applications by SEC applicants via the On-line Collection (On-Coll) facility. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), or visit the LANDBANK website (www.landbank.com).
READ MOREThe Land Bank of the Philippines (LANDBANK) has started releasing cash grants totaling P717,333,500 or P6,500 each to 110,359 Public Utility Vehicle (PUV) operators, composed of jeepney and bus operators nationwide, under the Cash Subsidy to PUV Operators Program of the Department of Transportation (DOTr) and the Land Transportation Franchising and Regulatory Board (LTFRB). Of the total amount disbursed, P716,826,500 was credited to the existing Pantawid Pasada Program (PPP) fuel cash card accounts of 110,281 Public Utility Jeepney (PUJ) operators on November 16, 2020. The remaining P507,000 was credited to the LANDBANK accounts of 78 Public Utility Bus (PUB) operators last November 17. “LANDBANK, in partnership with the DOTr and LTFRB, made it possible to quickly and safely distribute the cash subsidies to jeepney and bus operators who are challenged by the pandemic. We will continuously work with the transportation department to distribute the remaining cash aid to other beneficiaries the soonest time possible,” said LANDBANK President and CEO Cecilia C. Borromeo. The crediting of cash grants forms part of the Memorandum of Agreement (MOA) signed between LANDBANK, DOTr and LTFRB on October 12, 2020 for the distribution of one-time cash assistance to a total of 178,244 PUV operators through the PPP fuel cash cards, existing LANDBANK accounts, other bank accounts via InstaPay or PESONet, and over-the-counter payouts. Total beneficiaries of the cash subsidy program include operators of 120,000 PUJs, 24,374 UV Express units, 21,998 PUBs, 10,188 Filcabs, 1,259 minibuses, and 425 premium Point-to-Point (P2P) buses who have been heavily affected with the suspension in public transportation operations and reduced ridership due to COVID-19 safety protocols. The funds allocated for the program are part of the budget provided to the DOTr under Republic Act No. 11494 or the “Bayanihan to Recover As One Act.” For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), or visit the LANDBANK website (www.landbank.com).
READ MOREHimamaylan City Mayor Rogelio Raymund I. Tongson, Jr. (2nd from left) and LANDBANK West Visayas Branches Group Head First Vice President Delma O. Bandiola (3rd from left) led the inauguration of the new LANDBANK Himamaylan Branch-Lite in Himamaylan City, Negros Occidental. They are joined by (from left to right) Himamaylan City Vice Mayor Justin Dominic S. Gatuslao, LANDBANK Kabankalan Branch Head Dulce Joy J. Gayat, and LANDBANK Himamaylan Branch-Lite Head Melchor P. Genada, Jr. HIMAMAYLAN CITY, Negros Occidental – State-run Land Bank of the Philippines (LANDBANK) officially opened in this city the LANDBANK Himamaylan Branch-Lite on November 10, 2020, its 11th in the Province. This brings the number of LANDBANK’s branches and extension offices to 412 across all 81 provinces nationwide, complemented by 53 Lending Centers and 2,266 ATMs. The inauguration was led by Himamaylan City Mayor Rogelio Raymund I. Tongson, Jr. and LANDBANK West Visayas Branches Group Head First Vice President Delma O. Bandiola. They were joined by Himamaylan City Vice Mayor Justin Dominic S. Gatuslao, LANDBANK Kabankalan Branch Head Dulce Joy J. Gayat, and LANDBANK Himamaylan Branch-Lite Head Melchor P. Genada, Jr. “The establishment of the LANDBANK Himamaylan Branch-Lite is an important development for our city. Thank you very much to LANDBANK for helping Himamaylanons and the rest of our city grow,” Mayor Tongson said. LANDBANK Himamaylan Branch-Lite will augment and further improve the efficiency of LANDBANK Kabankalan Branch, and will cater to the banking needs of Himamaylan City, and the Municipalities of Binalbagan, Hinigaran, and Isabela, covering a total of 89 barangays, including other government agencies. The Branch-Lite is also expected to bring LANDBANK’s banking services closer to around 5,000 Himamaylanon farmers; 3,600 fishers; and 5,000 beneficiaries of the Department of Social Welfare and Development’s (DSWD) Unconditional Cash Transfer (UCT) Program in the City. “We hope that LANDBANK’s presence in Himamaylan will further spur economic growth and agricultural production in the city. As their partner towards inclusive and sustainable development, LANDBANK is committed to assist Himamaylan City in achieving its full potential through our banking services,” said LANDBANK FVP Bandiola. The Branch-Lite is equipped with LANDBANK’s Digital Onboarding System (DOBS), a web application which simplifies the account enrolment process from 45 minutes to only 10-15 minutes, bringing banking services closer to the people of Negros Occidental. With the opening of LANDBANK’s Himamaylan Branch-Lite, LANDBANK now operates a total of 11 branches in Negros Occidental, complementing three (3) existing branches located in Bacolod City, and one (1) each in the cities of Cadiz, Kabankalan, Sagay, San Carlos, Silay, Sipalay, and Victorias. A total of 41 ATMs are also present in the province to facilitate fast and safe cash withdrawals and transfers. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), or visit the LANDBANK website (www.landbank.com).
READ MORE(left photo) Barili Mayor Julieto N. Flores (4th from left) and LANDBANK East Visayas Branches Group Senior Vice President Khurshid U. Kalabud (1st from left) lead the inauguration rites for the new LANDBANK Barili Branch in Barili Cebu, while (right photo) Basilan Governor Jim H. Salliman (4th from left), Lamitan Mayor Rosita U. Furigay (3rd from left), Lamitan Vice Mayor Roderick H. Furigay (2nd from left), and LANDBANK West Mindanao Branches Group Vice President Lina K. Pacio (5th from left) inaugurate the new LANDBANK Lamitan Branch in Lamitan City, Basilan. The Land Bank of the Philippines (LANDBANK) officially inaugurated two (2) new branches on the same day last November 27, 2020—one in the Municipality of Barili in the Province of Cebu, and another in the City of Lamitan in the Province of Basilan. The state-run Bank now has a total of 414 branches and extension offices across all 81 provinces nationwide, further extending its reach to serve more unbanked and underserved areas. “We hope that LANDBANK’s continuous expansion in Barili and Lamitan City will provide additional touchpoints for our priority clients, especially our farmers and fishers, while helping draw more investors, create businesses, and generate more local employment. Rest assured of our strong commitment to collaborate and support development programs that will accelerate economic activities and rehabilitation efforts in these localities,” said LANDBANK President and CEO Cecilia C. Borromeo. LANDBANK is the first and only universal Bank in the 2nd class municipality of Barili serving a total of 42 barangays, including the neighboring municipalities of Dumanjug and Aloguinsan. This is LANDBANK’s 20th branch in the Province of Cebu, complemented by 99 ATMs. The Barili Branch is also expected to serve over 13,200 farmers and fishers in the area, as well as more than 12,400 beneficiaries under the Conditional and Unconditional Cash Transfer (CCT/UCT) Programs of the Department of Social Welfare and Development (DSWD). Barili Mayor Julieto N. Flores and LANDBANK East Visayas Branches Group Senior Vice President Khurshid U. Kalabud led the Barili Branch inauguration rites. They were joined by Barili Vice Mayor Lusito L. Ponsica, Chief of Police PCPT Romeo Caacoy, Jr., and Barili Municipal Councilors Ranuldo Bolo and Ana Maria Ewican. "Thank you very much LANDBANK that of all the Municipalities, you opened a nice branch here in Barili with a state-of-the-art building. We assure you that our 42 Barangays will open an account with LANDBANK. I am also happy that you practice localization, hiring personnel coming from the Municipality of Barili," said Mayor Flores. Meanwhile, the LANDBANK Lamitan Branch will facilitate efficient, safe, and secure banking transactions for Lamiteños, that will also service the banking needs of the municipalities of Tuburan, Akbar, Al-Barka, Tipo-tipo, Sumisip, Ungkaya Pukan, Tabuan Lasa, and Hadji Mohammad Ajul. The inauguration of the Lamitan Branch was led by Basilan Governor Jim H. Salliman, Lamitan Mayor Rosita U. Furigay, Lamitan Vice Mayor Roderick H. Furigay, and LANDBANK West Mindanao Branches Group Vice President Lina K. Pacio. They were joined by LANDBANK officials, namely Zamboanga City Lending Center Head Vinicius S. Hamoy, Basilan Branch Head Christopher T. Ceniza, and Lamitan Branch Head Analyn S. Ramirez. “Being affected by the pandemic, it is very reassuring to know that we have a partner who can truly help us. So, for this branch, we hope for significant growth and development that will further our already brightened economy. On behalf of the City Government of Lamitan, I would like to thank LANDBANK for all the support and we hope to have a long and fulfilling partnership ahead,” said Mayor Furigay. The Lamitan Branch will complement the operations of Basilan Branch in Isabela City, alongside eight (8) ATMs spread across the province. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), or visit the LANDBANK website (www.landbank.com).
READ MORECALOOCAN CITY – Land Bank of the Philippines (LANDBANK) forged a partnership with Caloocan City LGU to usher an efficient collection of the City’s Real Property Tax (RPT) and Quarterly Business Tax (QBT) collection through the Bank’s Link.BizPortal. The Link.BizPortal is LANDBANK’s electronic payment facility that allows clients from both the government and private sectors to pay for products and services via the internet. In a virtual launch held last November 24, Caloocan City Mayor Oscar Malapitan emphasized that this partnership with LANDBANK aims to streamline the payment process of government fees as part of the City’s Computerization of Revenue Generation and Financial Management System Project. “We believe that through this project, we will be able to bring uninterrupted and timely services for the people of Caloocan City,” Malapitan said during the said virtual launch attended by more than a hundred barangay leaders of the City. With Link.BizPortal, residents of Caloocan City can now pay their Real Property Tax and QBT (in full please) obligations at their convenience with just a few clicks on their computers or mobile devices. Additionally, this will help decongest the foot traffic in City Hall and provide relief from the hassles of queuing and over-the-counter payments. Online payment has become essential while operating in the new normal. “As we continue to follow social distancing requirements due to the pandemic, the LANDBANK Link.BizPortal effectively responds to the growing demand for safe and digital financial solutions,” said LANDBANK North NCR Branches Group Head Senior Vice President Marilou Villafranca. Also present during the virtual launch of the online payment scheme was Bureau of Local Government Finance (BLGF) Executive Director Niño Raymond Alvina who expressed his support for Caloocan City’s vision to digitize the payment of government fees for the safety and convenience of its constituents. “This is what Secretary Carlos G. Dominguez of the Department of Finance and we at BLGF have long been advocating for: For our LGUs to invest in Information Technology to make frontline services and transactions more comfortable, faster, hassle-free, and modern,” said Alvina. The LANDBANK Link.BizPortal is the Bank’s response to 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. As of September 2020, the Portal has already facilitated a total of 1.47 million transactions with a total volume of Php3.5 Billion, which is 26% more compared to the same period last year, from over 700 merchants nationwide that are enrolled in the system. Access the LANDBANK Link.BizPortal for convenient online payment to your chosen merchants through the Bank’s official website (www.landbank.com) or directly visit www.lbp-eservices.com. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), and Twitter (@LBP_Official).
READ MOREAs of Mon, September 29, 2025
| Buying | Selling | |
|---|---|---|
| USD | 57.85 | 58.45 |
| JPY | 0.381561 | 0.396876 |
| EUR | 66.7554 | 69.44199 |
| GBP | 76.467835 | 79.545306 |
| HKD | 7.408247 | 7.972112 |
As of Thu, September 25, 2025
| UITF | NAVPU |
|---|---|
| Cash Management Fund | 1.586706 |
| Money Market Fund | 1.331651 |
| Money Market Plus Fund | 1.245676 |
| PERA Money Market Fund | 1.03594 |
| Medium-Term Bond Fund | 2.521508 |
| Bond Fund | 2.08594 |
| PERA Bond Fund | 1.240468 |
| Balanced Fund | 2.658627 |
| Growth Fund | 2.635587 |
| Alpha Equity Fund | 3.109223 |
| Blue Chip Equity Fund | 0.956648 |
| Equity Fund | 0.809122 |
| High Dividend Equity Fund | 1.0517 |
| US$ Money Market Fund | 1.449414 |
| Global $ Fund | 1.587266 |
