In line with the National Women’s Month celebration this March, the Land Bank of the Philippines (LANDBANK) reported that its gender and development (GAD) budget attribution reached more than 50% of its corporate operating budget (COB) for 2022. LANDBANK’s GAD budget attribution is an all-time high and an exponential increase from 9.33% in 2021, meant to further mainstream GAD in the Bank’s policies, programs, and activities. As part of its continued commitment to advance gender equality and women empowerment, the state-run Bank’s unprecedented GAD budget is expected to translate to the delivery of more inclusive and gender-responsive services, especially for unbanked and underserved women in the country. This initiative also forms part of LANDBANK’s compliance with Republic Act No. 9710 or the Magna Carta of Women (MCW), which requires that at least 5% of the COB be attributed to GAD, as overseen by the Philippine Commission on Women (PCW). “LANDBANK has made significant strides in promoting GAD initiatives. We shall continue to sustain and intensify these efforts to mainstream gender equality and women empowerment, which includes exploring avenues for integrating gender-sensitive policies in all our processes and programs,” said LANDBANK President and CEO Cecilia C. Borromeo. LANDBANK’s GAD budget for 2022 will fuel the roll-out of GAD-related programs, such as client consultations on gender needs, conduct of gender sensitivity trainings, and evaluation of lending programs for the advancement of GAD. LANDBANK also supports the National Government’s gender mainstreaming agenda through the creation of Regional GAD Focal Point Systems, grant of leave benefits under the MCW, and adoption of activities recommended by PCW, among others. Lastly, the Bank actively supports the implementation of Republic Act No. 11313 or The Safe Spaces Act through information campaigns on zero-tolerance of gender-based sexual harassment in the workplace and other public areas. For more details about LANDBANK’s GAD initiatives, visit the LANDBANK GAD Corner on its official website at www.landbank.com/gad-corner.
READ MORE(left photo) LANDBANK President and CEO Cecilia C. Borromeo (3rd from left) and Pagadian City Mayor Samuel S. Co (4th from left) lead the inauguration of the LANDBANK Pagadian-Balintawak Branch in Brgy. Balintawak, Pagadian City on 26 May 2022. Joining them are LANDBANK Director Jaime L. Miralles (2nd from left), Executive Vice President Julio D. Climaco, Jr. (5th from left), Senior Vice President Charlotte I. Conde (rightmost), and Vice President Lina K. Pacio (leftmost). PAGADIAN CITY, Zamboanga del Sur – The Land Bank of the Philippines (LANDBANK) officially inaugurated its newest branch in Pagadian City, the first of 15 new branches that the state-run Bank is set to open in 2022. The LANDBANK Pagadian-Balintawak Branch is located at the President Corazon C. Aquino Regional Government Center in Brgy. Balintawak, and will provide banking services to at least 50 regional government agencies, as well as various business establishments and private customers. The new branch complements the operations of the LANDBANK Pagadian Branch located in Santiago District, and will assist in servicing depositors from over 300 combined barangays of Pagadian City and seven nearby municipalities, namely San Miguel, Lakewood, Tigbao, Vincenzo Sagun, Dinas, Tabina, and Margosatubig. The two onsite automated teller machines (ATMs) of the LANDBANK Pagadian-Balintawak Branch will also help facilitate cash payouts for over 71,000 beneficiaries of the Conditional and Unconditional Cash Transfer programs of the Department of Social Welfare and Development (DSWD) in the area. LANDBANK President and CEO Cecilia C. Borromeo and Pagadian City Mayor Samuel S. Co led the inauguration rites for the LANDBANK Pagadian-Balintawak Branch on 26 May 2022. They were joined by LANDBANK officials, namely Director Jaime L. Miralles, Executive Vice President Julio D. Climaco, Jr., Senior Vice President Charlotte I. Conde, and Vice President Lina K. Pacio. “Our new LANDBANK branch in Pagadian reflects our unwavering support to the development of the City and the whole Province of Zamboanga del Sur. We will continue to provide greater banking convenience and accessibility to our growing customers in the Province,” said President and CEO Borromeo. Mayor Co thanked LANDBANK for opening the Pagadian-Balintawak Branch to help sustain future developments in the regional center. “Your presence here gives us more confidence, gives us great relief that sooner or later, this regional center will continue to develop and expand,” he said. LANDBANK now operates a total of five branches and a lending center in Zamboanga del Sur. This is complemented by 29 ATMs and three cash deposit machines (CDMs) spread across the Province. The state-run Bank is targeting to open 14 more branches and branch-lite units in key strategic areas nationwide before the year ends, including 230 new ATMs and 50 CDMs. To widen its reach in unbanked and underserved communities, LANDBANK is also gearing up to onboard 24 new Agent Banking Partners (ABPs) and install additional 120 point-of-sale (POS) terminals under its Agent Banking Program. LANDBANK is the only bank present in all 81 provinces in the country with a total of 607 branches and 58 lending centers as of 31 May 2022, servicing the requirements of a diverse customer base, including unbanked and underserved areas.
READ MOREMASTERCARD® 10X Bonus Points for Father’s Day Weekend: Terms & Conditions 1. The promotion is open to all customers registered as Zing Plus Members. 2. This promotion may be availed of by Zing Plus Members transacting with ZingMall, Cinemas and Zing Participating Merchants in the following participating Ayala Malls Mall Name LOCATION 1 Abreeza Davao 2 Alabang Town Center Muntinlupa 3 Ayala Center Cebu Cebu 4 Bonifacio High Street Taguig 5 Capitol Central Bacolod 6 Cebu Central Bloc Cebu 7 Centrio Cagayan de Oro 8 Circuit Makati 9 Cloverleaf Quezon City 10 Fairview Terraces Quezon City 11 Feliz Marikina 12 Glorietta Makati 13 Greenbelt Makati 14 HarborPoint Subic 15 Legazpi Legazpi 16 Manila Bay Paranaque 17 Marikina Marikina 18 Market! Market! Taguig 19 MarQuee Pampanga 20 One Bonifacio High Street Taguig 21 Serendra Taguig 22 Serin Tagaytay 23 Solenad Laguna 24 The 30th Pasig 25 The District Imus Imus 26 Trinoma Quezon City 27 UP Town Center Quezon City 28 Vertis North Quezon City 3. The promotion period is from June 18 until June 19, 2022. 4. To be eligible under this promotion, the following conditions must concur: a) The customer can be an existing or new Zing Plus Member at the time of the promotion b) The customer must have completed the registration process under the Zing application to become a Zing Plus Member by linking at least one Philippine issued MASTERCARD® - branded credit card (a maximum of three credit cards may be linked under Zing); c) The Zing Plus Member must use his/her linked Philippine issued MASTERCARD® - branded credit card to settle his/her transaction with any of the Zing Participating Merchants; d) The Zing Plus Member’s transaction in the relevant Zing Participating Merchant must be processed and completed within the relevant promotion period, i.e., from 12:00AM of June 18, 2022 up to 11:59PM of June 19, 2022; and e) A Zing Plus Member earns one (1) Zing point for every transaction worth Php200.00. With this promotion, a Zing Plus Member can earn an additional nine Zing bonus points for every Php 200.00. To be entitled to the additional nine bonus points under this promotion, the Zing Plus Member must spend at least Php2,500.00 on a single transaction under one official receipt with any of the Zing Participating Merchants. The bonus points will be awarded to the old or new Zing Plus Member using the linked Philippine issued MASTERCARD® - branded credit card within the relevant promotion period. f) Regardless of the active and applicable promotions on a given day, a customer can earn a maximum of 500 Zing Points in a single transaction. There is also a maximum of 10,000 points that can be earned in a calendar year for Base Points (non-promotional) and another 10,000 Bonus Points that a customer can earn from sponsored or promotional programs For this promotion, here are the sample computations of minimum and maximum points that can be earned in different purchase amounts. At minimum spend in Zing Participating Merchants at Ayala Malls: If Spend at Zing Points Points Earned ₱1,500 Base Points 2,500/200 = 12.5 points 12.5 points Bonus Points 12.5 points x 9 = 112.5 points 112.5 points Total Points Earned 125 points If spending in Zing Participating Merchants at Ayala Malls will reach the cap of Bonus Points: If Spend at Zing Points Points Cap Points Earned ₱30,000 Base Points 30,000/200 = 150 points 150 points Bonus Points 150 points x 9 = 1350 points capped at 500 500 points Total Points Earned 650 points Earning with multiple promotions reaching cap: If Spend at Zing Points Points Cap Points Earned ₱120,000 Fixed Points 300 Points 300 points Base Points 120,000/200 = 600 points capped at 500 500 points Birthday Points (120,000/200) x 1 = 600 points capped at 500 500 points Bonus Points 600 points x 9 = 5400 points capped at 500 500 points Total Points Earned 1800 points a. Zing at Ayala Malls shall have a period of 14 days within which to validate the transaction between the Zing Plus Member and the relevant Zing Participating Merchant before the Zing bonus points are awarded. After Zing validates the transaction, the Zing bonus points under this promotion shall be credited to the Zing Plus Member’s account. 5. In the event that several MASTERCARD® Zing Bonus points multiplier promotions coincide with each other, only the highest points multiplier will be applied to the Zing Plus Member’s eligible transaction. All transactions are subject to the Zing Terms & Conditions a copy of which is accessible through the Zing application and/or at https://www.ayalamalls.com/. 6. This promotion may be applied in conjunction with other MASTERCARD® Bonus Points Promotions, Zing Bonus Points and the Zing Birthday promotion as long as the eligible spend is done within the active period of each promotion. 7. Fraud, abuse or any unauthorized action relating to the participation and availment of this promotion may result in the disqualification of the Zing Plus Member from the promotion. The matter of disqualification is subject to the sound discretion of ACCI.` 8. Points Redemption: a. The Zing Plus Member can use the points earned under this promotion to redeem rewards from the Zing application. b. Points redemption is subject to the Zing Terms & Conditions, a copy of which is accessible through the Zing application and/or at https://www.ayalamalls.com/. All related provisions of Zing at Ayala Malls shall continue to apply. Per DTI Fair Trade Permit No. FTEB-143719 Series of 2022
READ MORE(left photo) Isabela Governor Rodolfo T. Albano, III (center) and LANDBANK Southern Isabela Lending Center Head, Vice President Bernard Bayangos (2nd from right) lead the turn-over of a grains complex to the Provincial Government of Isabela. ECHAGUE, Isabela — The Land Bank of the Philippines (LANDBANK) officially turned-over a grains complex located at Brgy. Ipil to the Provincial Government of Isabela in support of its Palay Procurement Program for small farmers. The Province is leasing the grains complex from the state-run Bank with obligations to repair, rehabilitate and upgrade the facility, including the typhoon-damaged warehouse and rice mill buildings. The grains complex is part of a P2-billion LANDBANK loan availed by the local government—of which P1 billion will be used as working capital for palay procurement, while the remaining P1 billion as standby credit for investment in equipment and machineries. “LANDBANK fully supports initiatives that provide small farmers a reliable source of income, including access to post-harvest facilities. We will also continue to service the development requirements of our local government partners towards food security, especially in the countryside,” said LANDBANK President and CEO Cecilia C. Borromeo. Through the Palay Procurement Program, Isabela Governor Rodito Albano III aims to boost the productivity and income of small farmers in the area, by offering an assured and reasonable price for their produce while stabilizing the price of palay in the local market. Around 16,667 small rice farmers from 34 municipalities, three (3) cities, and 1,055 barangays in the Province are targeted to benefit from the Program. “Ang actual Return of Investment dito ay hindi yung kikitain ng probinsya. Ang kita ng probinsya rito ay yung tulong sa farmers, para at least stable lang yung prices. Ang pinakaimportante dito ay nakatugon tayo doon sa mga farmers,” said Gov. Rodito. LANDBANK remains the biggest lender to the agriculture sector, with loans reaching P257.94 billion as of May 2022. The agriculture loans have financed various economic activities of major players in the industry, including local government units (LGUs). While expanding its focus to assist other key sectors and industries in the country, LANDBANK remains steadfast in fulfilling its primary mandate to deliver intensified support to the agriculture sector.
READ MOREMastercard® 300 Zing Bonus Points: Terms & Conditions 1. This promotion is open to all customers registered as Zing Plus members. 2. Zing Plus Members with linked Philippine-issued Mastercard® - branded credit card shall earn 300 Zing Points upon spending at least Php3,000.00 in a single transaction using his/her linked Philippine-issued Mastercard® credit card with Zing Participating Merchants and Cinemas in participating Ayala Malls, and ZingMall. This is a fixed-points reward to be awarded ONCE to a new or existing Zing Plus Member upon reaching at least Php3,000 spend for the first time during the promotion period. To be eligible under this promotion and earn 300 Zing points, the following conditions must concur: a) The customer is a new or existing Zing Plus Member at the time of the transaction; b) The customer must have completed the registration process under the Zing application to become a Zing Plus Member and have linked at least one (1) Philippine-issued Mastercard® branded credit card (a maximum of three credit cards may be linked under Zing); c) The Zing Plus Member must use his/her linked Philippine-issued Mastercard® - branded credit card to settle his/her transaction with any of the Zing Participating Merchants and Cinemas in participating Ayala Malls, and ZingMall; and d) During the promotion period, the Zing Plus Member must spend at least Php3,000.00 in a single credit card transaction with any of the Zing Participating Merchants, Cinemas, and ZingMall. The bonus points will be awarded to the Zing Plus Member upon reaching at least Php3,000 spend for the first time using the linked Philippine-issued Mastercard®-branded credit card within the relevant promotion period. 3. The promotion period is from May 1, 2022 until June 30, 2022. The Zing Plus Member’s transaction in the relevant Zing Participating Merchant must be processed and completed within the relevant promotion period, i.e., from 12:00AM of May 1, 2022 up to 11:59PM of June 30, 2022. 4. This promotion may be availed of by Zing Plus Members by transacting with Zing Participating Merchants in the following participating Ayala Malls: Mall Name LOCATION 1 Abreeza Davao 2 Alabang Town Center Muntinlupa 3 Ayala Center Cebu Cebu 4 Bonifacio High Street Taguig 5 Capitol Central Bacolod 6 Cebu Central Bloc Cebu 7 Centrio Cagayan de Oro 8 Circuit Makati 9 Cloverleaf Quezon City 10 Fairview Terraces Quezon City 11 Feliz Marikina 12 Glorietta Makati 13 Greenbelt Makati 14 HarborPoint Subic 15 Legazpi Legazpi 16 Manila Bay Paranaque 17 Marikina Marikina 18 Market! Market! Taguig 19 MarQuee Pampanga 20 One Bonifacio High Street Taguig 21 Serendra Taguig 22 Serin Tagaytay 23 Solenad Laguna 24 The 30th Pasig 25 The District Imus Imus 26 Trinoma Quezon City 27 UP Town Center Quezon City 28 Vertis North Quezon City 5. ALI Commercial Center, Inc. (“ACCI”)shall have a period of fourteen (14) days within which to validate the transaction between the Zing Plus Member and the relevant Zing Participating Merchant before the Zing bonus points are awarded. After the validation of the transaction, the Zing bonus points under this promotion shall be credited to the Zing Plus Member’s account. 6. This promotion may be applied in conjunction with other Zing Bonus Promotions and the Zing Birthday promotion as long as the eligible spend is done within the active period of each promotion. 7. All transactions are subject to the Zing Terms & Conditions a copy of which is accessible through the Zing application and/or at https://www.ayalamalls.com/. 8. Fraud, abuse or any unauthorized action relating to the participation and availment of this promotion will result in the disqualification of the Zing Plus Member from the said promotion. The matter of disqualification is subject to the sound discretion of ACCI. 9. Points Redemption: a. The Zing Plus Member can use the Zing bonus points earned under this promotion to redeem rewards from the Zing application. b. Points redemption is subject to the Zing Terms & Conditions accessible through the Zing application or at https://www.ayalamalls.com/. All related provisions of Zing at Ayala Malls shall continue to apply. Per DTI Fair Trade Permit No. FTEB-143719 Series of 2022
READ MORE(left photo) Finance Secretary Carlos G. Dominguez III (4th from left) and LANDBANK President and CEO Cecilia C. Borromeo (5th from left), together with Mindanao Development Authority Secretary Maria Belen Sunga-Acosta (3rd from left) and Davao City Councilor Diosdado Angelo Mahipus, Jr. (2nd from left), lead the unveiling of the official marker of the LANDBANK Davao Corporate Center (right photo) on 24 June 2022 located in Bajada, Brgy. Buhangin in Davao City. They were joined by LANDBANK Director Jaime L. Miralles (leftmost), Executive Vice Presidents Alex A. Lorayes (rightmost) and Liduvino S. Geron (6th from left). DAVAO CITY – The Land Bank of the Philippines (LANDBANK) strengthens its presence in Davao City and nearby localities with the opening of a four-story corporate center in Bajada, Brgy. Buhangin, to provide convenient access to a wide array of banking services. The LANDBANK Davao Corporate Center—the bank’s biggest corporate center outside of the National Capital Region—will serve the various banking and financial needs of over 30,000 customers in East Mindanao, as it houses the Bank’s major touchpoints and local offices. Department of Finance (DOF) Secretary and LANDBANK Chairman Carlos G. Dominguez III and LANDBANK President and CEO Cecilia C. Borromeo, alongside Mindanao Development Authority (MinDa) Secretary Maria Belen Sunga-Acosta and Davao City Councilor Diosdado Angelo Mahipus, Jr., led the inauguration rites for the LANDBANK Davao Corporate Center on 24 June 2022. They were joined by LANDBANK Director Jaime L. Miralles, Executive Vice Presidents Alex A. Lorayes and Liduvino S. Geron, and other Bank senior officers. “The Davao Corporate Center underscores LANDBANK’s commitment to expanding its reach and bringing its services to all Filipinos,” said Finance Secretary Dominguez. “I see this corporate center as LANDBANK’s investment in one of the fastest-growing regions in the country. With the infrastructure build-up in the region and the great potential the area holds, rapid growth will transpire here in the next few years,” he added. Meanwhile, LANDBANK President and CEO Borromeo underlined LANDBANK’s expanded role in nation-building by supporting a broad range of development sectors. “LANDBANK has been a strong arm of the government in advancing inclusive development programs, accelerating growth of local economies, and bringing banking services to the farthest reach of our country. Moving forward, LANDBANK will build on its growth momentum and bring to a higher gear its pursuit of serving the nation,” said LANDBANK President and CEO Borromeo. Located on the ground floor of the Davao Corporate Center is the LANDBANK Bajada Branch, which will service customers from the four districts of Davao City, including various local and national government offices, private establishments and retail clients. The Branch has three onsite automated teller machines (ATMs) to cater to the cash requirements of over 40,000 beneficiaries of the Conditional and Unconditional Cash Transfer (CCT/UCT) programs of the Department of Social Welfare and Development (DSWD), government employees, teachers, students, and other local residents. The LANDBANK Bajada Branch also features a Digital Corner where customers can open a deposit account in only 15 minutes or less using the Bank’s Digital Onboarding System (DOBS). Opening an account via DOBS provides automatic enrollment to LANDBANK’s digital banking channels for safe and convenient online transactions. On the third floor of the corporate center is the LANDBANK Davao Lending Center, which will cater to the financing requirements of local farmers and fishers, agrarian reform beneficiaries, micro, small and medium enterprises (MSMEs), cooperatives, and local government units (LGUs), among the Bank’s priority sectors. The Davao Corporate Center also serves as the official station of the LANDBANK Mobile ATM and Mobile Branch in Mindanao, which are on standby to service areas disrupted by disasters and calamities, as well as unbanked and underserved communities. Other LANDBANK field offices in the corporate center are the East Mindanao Branches Group, Mindanao Lending Group, Davao Cash Operations Unit, Trust Desk, Loan Operations Management Department – Mindanao Unit, Davao Loan Operations Field Unit, Property Valuation and Credit Information Department – Davao Field Team, Cash Management Solutions Department Mindanao, Davao del Sur Accounting Center 1, Agrarian Operations Center XI, Field Legal Services XI, and Organization Development Department Mindanao. The Commission on Audit (COA) and Upland Southern Mindanao–Credit and Institutional Building Program (USM-CIBP) were also provided space within the corporate center. LANDBANK currently operates a total of nine branches and one lending center in Davao City. This is complemented by 64 ATMs, two cash deposit machines (CDMs), and eight Agent Banking Partners (ABPs) that provide basic banking services on behalf of LANDBANK in areas with limited access to formal banking. LANDBANK is the only bank present in all 81 provinces in the Philippines, with plans for continued expansion focusing on servicing the requirements of its diverse customer base nationwide.
READ MOREThe Land Bank of the Philippines (LANDBANK) launched a new lending program to help fast-track the recovery of countryside financial institutions (CFIs) adversely affected by the onslaught of typhoon Odette last December 2021. Through the Countryside Financial Institutions – REhabilitation and Support to Typhoon Odette-Affected AREas or CFI-RESTORE Lending Program, LANDBANK will finance permanent working capital and capital expenditures, including the repair and rehabilitation of buildings and facilities, and the repair or purchase of equipment damaged by the typhoon. The CFI-RESTORE Lending Program can also be used to supplement the funds of CFIs for relending to sub-borrowers affected by the typhoon. “In the face of unprecedented financial challenges brought about by calamities, LANDBANK stands ready to assist CFIs to sustain their operations. This is part of our commitment to advance local recovery and help build more resilient communities nationwide,” said LANDBANK President and CEO Cecilia C. Borromeo. Under the CFI-RESTORE Lending Program, LANDBANK will assist affected CFIs in six (6) regions previously declared by the National Government under a state of calamity due to typhoon Odette. These include MIMAROPA (Region IV-B), Western Visayas (Region VI), Central Visayas (Region VII), Eastern Visayas (Region VIII), Northern Mindanao (Region X), and CARAGA (Region XIII). Eligible Program borrowers include rural, thrift and cooperative banks which may borrow up to 85% of the actual need for permanent working capital and capital expenditure, and up to 90% for the CFIs’ sub-borrowers’ agricultural loans and 85% for non-agricultural loans. An interest rate of 4% per year shall apply, fixed for the first three (3) years and subject to repricing thereafter, and payable up to three (3) years for working capital, ten (10) years for capital expenditure, and ten (10) years for term loan rediscounting. CFIs with existing loans with LANDBANK may also avail of loan restructuring under the Program to rehabilitate and restore their operational cash flow, via extended repayment period. The LANDBANK CFI-RESTORE Lending Program will also cater to CFIs in areas placed under a state of calamity by their respective local government units. Interested borrowers may 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 MORELANDBANK’s timely assistance helped Reicher Banana Farm, Inc. (RBFI) in Davao de Oro to register a 100% growth in production and fully recover from the dreaded Panama disease. PANTUKAN, Davao de Oro – When Reichard Dumaluan’s 74-hectare banana plantation was hit hard by the destructive Panama plant disease in 2013, his business was at serious risk of wilting away along with the infected trees in his farm. The Panama disease infested Cavendish plantations throughout the province (formerly Compostela Valley) and neighboring towns in the region, only four years after Dumaluan established the plantation, Reicher Banana Farm, Inc. (RBFI), in 2009. Over time, the disease caught on, affecting the quality and quantity of RBFI’s produce. With plantation yield and income significantly reduced, RBFI sought financial assistance from the Land Bank of the Philippines (LANDBANK) to rehabilitate and sustain their operations. RBFI availed of a P75-million loan from LANDBANK in 2018 to supplement working capital and purchase the necessary inputs and equipment for rehabilitation. After two years of rehabilitation, RBFI fully recovered from the plant disease and is now harvesting around 10,000 boxes of produce a week—a 100% increase from the previous production of 5,000 boxes a week. “LANDBANK recognizes the importance of each subsector of agriculture to ensure food security. Through accessible credit assistance, we stand ready to support the diverse requirements of agri players to boost production and income,” said LANDBANK President and CEO Cecila C. Borromeo. RBFI also used a portion of the LANDBANK loan for land expansion and modernization, which includes the purchase of a digital device which can record data per banana bunch, such as its weight, age, and location in the plantation. With the data, RBFI can digitally monitor the health of the crops and accurately distributes farm inputs such as fertilizers, thereby helping the company save on costs. The generated data also allows RBFI to forecast harvests within a given season. “I am grateful for LANDBANK’s support, especially at a time we needed it the most. As a client, we appreciate the customer service, as well as the financial and technical support they provide for our production,” Reichard Dumaluan said. RBFI has since expanded its plantation to 130 hectares and generates employment for around 220 local residents. Their banana harvest is also being exported to different countries, including South Korea, China, and the Middle East, among others. As of 30 June 2022, LANDBANK’s loan portfolio to support the country’s banana industry has reached P1.49 billion, in line with its intensified service to the agriculture sector.
READ MOREHDJ Bayawan Agri-Ventures has established a village-type sugar mill in Barangay Bugaw, Bayawan City, Negros Oriental that provides subsidized milling and hauling services to sugarcane farmers in the area. In left photo is LANDBANK Director Nancy Irlanda Tanjuatco with HDJ President Pryde Henry Teves and LANDBANK Dumaguete Branch Head Brendalyn Villavicencio during a visit to the LANDBANK-financed milling facility. Some 1,680 sugarcane farmers in Bayawan, Negros Oriental now find it more profitable to engage in farming. Thanks to the subsidized hauling services and the constant market for their produce through LANDBANK client HDJ Bayawan Agri-Venture Corporation. With HDJ’s presence right at the heart of the Lapay-Dawis-Mabinay Agrarian Reform Communities, the transportation cost is considerably reduced by at least 80%, as with the cutting-to-milling time of canes. Before, the farmers had to shell out P610 per ton of cane for hauling, and travel more than 60 kilometers to collect their hard-earned money. Hauling cost now averages as low as P50 per ton for areas within 5km; P100 for areas between 5km to 10km; and P150 for areas between 10km to 15km. Farmers get their products milled at HDJ with a 68:32 share agreement for the milled sugar and molasses – 68% for the farmer and 32% for HDJ. The corporation also buys the farmers’ share – providing a ready market for their produce. “The only way for farming to remain feasible and attractive to the Filipino farmer is to make it profitable even to the small players,” said HDJ President Pryde Henry Teves, who thanked LANDBANK for believing in the project. LANDBANK financed HDJ’s acquisition of sugar mill equipment and machineries, heavy equipment, and farm implements through a term loan in 2017. In August 2018, the company was granted additional financing for the construction of additional mill structures, equipment for a second mill, construction of a bioelectric switchyard, and installation of interconnection line. HDJ now has twin mills equipped with a rated capacity of 600 tons of cane per day and power generation of three megawatts. The first mill is operational and undergoing fine-tuning. Currently powered by a generator, the mill will soon shift to producing its own power fuelled by bagasse and other feedstock. The power that will be generated in excess of the mill’s consumption will be sold to the grid. SCP-SIDA Meanwhile, individual sugarcane farmers from Negros Oriental and other sugar-producing regions stand to benefit from the Socialized Credit Program under the Sugarcane Industry Development Act (SCP-SIDA) – a continuing direct lending program that LANDBANK implements with the Sugar Regulatory Administration (SRA). Since SCP-SIDA was launched in 2018, 41 farmers in Negros Oriental have already availed of the Program, with several other applications currently being processed by SRA for endorsement to LANDBANK. At least 90 more farmers have also expressed interest in the Program, following orientations conducted by LANDBANK and SRA in the barangays of Manduao, Villasol, and Mabinay - all within a 10 to 15 kilometer-radius from the mill. Funded by the Sugar Regulatory Administration by virtue of RA No. 10659, SCP-SIDA is specifically designed to help improve the productivity and increase the income of individual sugarcane farmers, block farms, and common service centers through direct access to credit. As of August 13, 2019, LANDBANK already approved loans amounting to P126 million, benefiting 814 borrowers. “We will work doubly hard and we will continue to work closely with SRA and the DA (Department of Agriculture) to extend more loans under the Program. SCP-SIDA is just one of the programs by which we are pursuing a more focused and direct approach in lending to provide small farmers with direct access to credit,” said LANDBANK President and CEO Cecilia C. Borromeo.
READ MORELand Bank of the Philippines (LANDBANK) President and CEO Cecilia C. Borromeo (5th from left) paid a courtesy visit to Cebu Governor Gwendolyn F. Garcia (4th from left) on 15 September 2022. Joining them are LANDBANK Executive Vice President Liduvino S. Geron (3rd from left), Corporate Banking Group Head and Senior Vice President Ma. Celeste A. Burgos (6th from left), and other LANDBANK senior officials. CAPITOL SITE, Cebu – The Land Bank of the Philippines (LANDBANK) strengthened its ties with the Provincial Government of Cebu during a courtesy visit on 15 September 2022, as the Bank expressed its continued support for the Province’s Enhanced Countryside Development (ECD) Program for farmers and fisherfolk. LANDBANK President and CEO Cecilia C. Borromeo met with Cebu Governor Gwendolyn F. Garcia, together with LANDBANK Executive Vice President Liduvino S. Geron, Corporate Banking Group Head, Senior Vice President Celeste Burgos, East Visayas Branches Group Head, Senior Vice President Khurshid Kalabud, and Visayas Lending Group OIC, Vice President Allan Bisnar, among other LANDBANK officials. The Bank has an ongoing partnership with the Provincial Government under the ECD Program to finance the agricultural production of local farmers and fisherfolk, especially those who are residing in underdeveloped areas in Cebu. The Program also offers capital to expand or restart existing businesses affected by the Covid-19 pandemic, among others. Since the initial roll-out of the ECD Program in March 2021, LANDBANK has approved loans for 767 farmers and fisherfolk engaged in the production of swine, high-value crops, and fisheries in the whole Province of Cebu.
READ MOREAs of Fri, August 1, 2025
| Buying | Selling | |
|---|---|---|
| USD | 58 | 58.5 |
| JPY | 0.380722 | 0.395403 |
| EUR | 65.512202 | 68.029015 |
| GBP | 75.782551 | 78.693924 |
| HKD | 7.386916 | 7.935183 |
As of Thu, July 31, 2025
| UITF | NAVPU |
|---|---|
| Cash Management Fund | 1.574664 |
| Money Market Fund | 1.324039 |
| Money Market Plus Fund | 1.236451 |
| PERA Money Market Fund | 1.031509 |
| Medium-Term Bond Fund | 2.490768 |
| PERA Bond Fund | 1.217318 |
| Balanced Fund | 2.69391 |
| Growth Fund | 2.638311 |
| Alpha Equity Fund | 3.12469 |
| Blue Chip Equity Fund | 0.967652 |
| Equity Fund | 0.816179 |
| High Dividend Equity Fund | 1.043178 |
| US$ Money Market Fund | 1.443192 |
| Global $ Fund | 1.554514 |
| Bond Fund | 2.049094 |
