An artist’s perspective of the three-storey municipal hall of the Municipality of Nunungan in Lanao del Norte, expected to be completed next year through a P40-million term loan from the Land Bank of the Philippines (LANDBANK). (inset) Nunungan Mayor Marcos M. Mamay (3rd from left) and Treasurer Leonides B. Seronio (2nd from left) sign a loan agreement with LANDBANK Lanao Lending Center Head Nena P. Mendoza (1st from left) and Account Officer Virginia C. Gallego (4th from left) to finance the construction of the new municipal hall. NUNUNGAN, Lanao del Norte – Nestled in the hinterlands of Lanao del Norte, this third-class municipality is now getting more attention as an eco-tourism sanctuary and an investment haven down south. With the recent completion of the town’s national road concreting project—seamlessly connecting its 25 barangays—the journey of Nunungan towards a more progressive community is well underway. As part of its vision to better serve its constituents and accommodate its growing visitors, tourists and investors, the Municipal Government of Nunungan aspires to have a modern, spacious and well-structured municipal hall. And backed by Land Bank of the Philippines (LANDBANK), the construction of the building becomes possible, and will likely be completed by next year. This developed after the local government signed a P40-million term loan agreement with LANDBANK last September 9, 2020 for the construction of a three-storey municipal hall in Sitio Bobong, Barangay Katubuan. The loan signing was led by Nunungan Mayor Marcos M. Mamay and Treasurer Leonides B. Seronio, together with LANDBANK Lanao Lending Center Head Nena P. Mendoza and Account Officer Virginia C. Gallego. “Ito ang pinakamatagal na naming plano, na magkaroon kami ng modern municipal hall. Knowing na competitive na ang Nunungan dahil sa mga tourist attractions, pinagsisikapan talaga namin na magkaroon ng bagong municipal hall. Madaming dumadayo dito pero wala tayong maayos na municipal hall for accommodating them and their needs,” said Mayor Mamay. Once completed, the new municipal hall will be a significant part of the municipality’s vision of creating a government center with a grandstand, health center, fire station, and outdoor courts, among others, which Mayor Mamay envisions as another landmark site in the town, and will bring greater convenience to local residents who need to transact with various government offices. The new hall will likewise serve as a facility to accommodate the existing and potential investors of the municipality. These investors are also expected to benefit from the unified services of the local government, especially in processing business permits. Prior to the P40-million loan, the local government also borrowed a total of P75.2 million from LANDBANK in 2015 which was used to acquire heavy equipment that includes a six-wheeler dump truck, 10-wheeler dump truck, prime mover, low bed trailer, motor grader, vibratory compactor, and bulldozer. These are being utilized for the construction of new roads across the town, and the periodic maintenance of existing roads to ensure easy access to farms and timely transport of goods to the market. “We at LANDBANK commit ourselves to improving the lives of all Filipinos by providing the needed financial support of LGUs in rolling out development projects in their localities. We always look at our LGUs as valuable allies in promoting development that is inclusive and sustainable,” said LANDBANK President and CEO Cecilia C. Borromeo. Aside from delivering intensified support to the agriculture sector, LANDBANK has been supporting local government units (LGUs) across the country to accelerate local growth. As of October 31, 2020, LANDBANK has extended loans to LGUs amounting to P51.59 billion, with P17.18 billion of this representing loans to finance agri-aqua projects, including farm-to-market roads, slaughterhouses, and irrigation systems. 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 MOREPromo Duration: November 16, 2020 - February 14, 2021 DTI Fair Trade Permit No. FTEB-107481 Series of 2020 Who can join the promo? Promo is open to all participating Robinsons Supermarket, Robinsons Department Store, Robinsons Appliances, Toys “R” Us, True Value and Handyman customers with a valid Mastercard credit card issued in the Philippines. By joining and participating in Tap to Top Prizes (“the promotion”) participants confirm, agree to and acknowledge that: Promo Title: Tap to Top Prizes Promo Duration: November 16, 2020 – February 14, 2021 Mechanics He or she has read the full mechanics of this promotion and agrees to abide by its terms and conditions; Robinsons Retail Holdings Inc. shall receive his or her volunteered registration data and that all information supplied by him/her will be used by Robinsons Supermarket in accordance with its privacy policy; Promotion Period is from November 16, 2020 – February 14, 2021 How to join and register? Open to all Mastercard credit cardholders issued in the Philippines with contactless capability. Customers must have a minimum single-receipt purchase of Php3,000.00 using Mastercard credit card. Applicable only on regular straight transactions using Mastercard credit card that is contactless enabled. A promo code will be provided to the customer on the official receipt of the participating Robinsons Supermarket, Robinsons Department Store, Robinsons Appliances, Toys “R” Us, True Value and Handyman. The customer must visit taptotopprizes.robinsonsretail.com.ph to register their personal identifiable details and the promo code. Full Name Complete address Date of Birth Email Address Mobile number Nominated password for this promo A text message containing the OTP (One Time Password) will be sent to the mobile number for registration. The customer will have to enter the said OTP into the required field to finalize the registration. Once the OTP is valid, the customer’s info is now registered. The mobile number and nominated password will serve as the log-in assets of the customer for future transactions. Once registered, a customer may submit multiple promo codes for more chances of winning. Only one registration per mobile number is allowed. The promo cannot be availed in conjunction with other promotions. How to earn raffle entries and game tokens and win? A customer is entitled to one (1) e-raffle entry (maximum of 5 entries) for every Php3,000.00 spent and one (1) “Catch a Prize” game token for a chance to win weekly prizes. Customers will only have 1 game token for every single-receipt purchase of Php3,000.00 or more than using Mastercard credit card. Once logged-in, the user will need to enter the promo code that can be found on the official receipt of the participating stores. If promo code is valid, the system will display the customer’s earned raffle entries and available game token; the token will disappear from the dashboard once it has been played. Catch a Prize Game, Weekly Customers need to swipe the pushcart left or right to catch the gift box. Player will have 30 seconds to play. Gifts speed up and fall faster the longer they play. They must avoid the obstacle and catch the specially marked gifts to earn more points. Customer points will be displayed on the dashboard after the game. All earned points within the cut-off week will be accumulated to the total customer’s points. Players' scores will be posted on the leaderboard. Only the top 12 with the highest score within the week, wins. Points earned for the entire cut-off week will be reset and cannot be carried over the next week’s cut-off. Determination of Winners and Prizes: This promo will have a total of One hundred sixty-six (166) winners. Ten (10) winners will be drawn for the grand raffle and one hundred fifty-six (156) winners will be determined based on weekly scores. Only the players with VALID and INPUTTED promo codes are qualified to be chosen for the raffle. Each account may win only once during the weekly minor prize draw but shall be included in the grand draw There will be (TEN (10) grand prize winners. Each will win PhP500,000 worth of Robinsons gift certificates. DRAW DATE PRIZES NUMBER OF WINNERS February 17, 2021 Robinsons gift certificates 10 winners There will be (156) One hundred fifty-six winners. Each will win PhP5,000 worth of Robinsons, True Value or Toys “R” Us gift cards, or Robinsons Appliances website vouchers. WEEK CUT-OFF NUMBER OF WINNERS 1 Nov 16-22, 2020 11:59PM 12 2 Nov 23-29, 2020 11:59PM 12 3 Nov 30 - Dec 6, 2020 11:59PM 12 4 Dec 7 -13, 2020 11:59PM 12 5 Dec 14 - 20, 2020 11:59PM 12 6 Dec 21 - 27, 2020 11:59PM 12 7 Dec 28 - Jan 3, 2020 11:59PM 12 8 Jan 4 - 10, 2020 11:59PM 12 9 Jan 11 - 17, 2021 11:59PM 12 10 Jan 18 - 24, 2021 11:59PM 12 11 Jan 25 - 31, 2021 11:59PM 12 12 Feb 1 - 7, 2021 11:59PM 12 13 Feb 8 - 14, 2021 11:59PM 12 TOTAL 156 When and where will the Grand Raffle Draw Happen? Date and Time: February 17, 2021 at 2:00 PM Address: Robinsons Retail Holdings, 110 E. Rodriguez Jr. Avenue Libis, Quezon City Notifying Winners Winners will be announced through a Facebook post in the participating Robinsons Retail stores addresses, registered mails and Facebook accounts for more information on how to claim the prize. Claiming of Prizes To claim their respective prizes, winners have to present the following: Photocopy of a valid ID with photo (e.g. Passport, Driver’s License, SSS ID, Voter’s ID, Company ID, Student ID, etc). Printout of Robinsons Supermarket, Robinsons Department Store, Robinsons Appliances, Toys “R” Us, True Value or Handyman’s congratulatory Facebook message, Facebook post, and registered notification letter. Winners can send an authorized representative to claim the prizes on their behalf. The representative must bring the following: Authorization letter with the winner’s signature. Photocopy of a valid ID with photo of the representative Photocopy of a valid ID with photo of the winner Printout of congratulatory Facebook message, Facebook post, and registered notification letter. Winners may only win once. If the name is drawn more than once, winner will get the prize with the higher value. Winners may claim their prizes at their chosen participating Robinsons Retail store All items to be redeemed under this promotion shall be given tax-free. Prizes exceeding Php10,000.00 are subject to 20% tax which will be shouldered by the winner. Prizes not claimed within sixty (60) days from receipt of notification will be forfeited with prior approval of DTI, Mega Mobile and participating Robinsons Retail stores. Important Notes: The decision of participating Robinsons Retail stores in concurrence with DTI is final and not subject to dispute. Employees of Robinsons Retail Group, Mastercard, it’s concessionaires and vendors, and Mega Mobile (hereinafter described as the “organizers of the promotions”), and their relatives up to the 2nd degree of affinity or consanguinity are not qualified to join the promo. Organizers of the promotion reserve the right to invalidate entries entered through unscrupulous means such as electronic manipulation. Organizers of the promotion will not be responsible for accommodations, travel expenses or other expenses incurred by the winners in claiming their prizes. Organizers of the promotion reserves the right to request for valid documents (certificate of employment, TIN, school ID) in the event that someone contests their eligibility for the promo; Organizers of the promotion have the right to identify him or her as a participant or a winner in the promotions and communicate the same at any time in any territory through any multimedia release; He or she shall hold organizers of the promotion free from any and all claims, suits and actions for damages or liabilities that may be brought about in connection with his/her participation in this promo; Organizers of the promotion shall not be liable for any unauthorized use, reproduction and adaptations by third parties of any material or information regarding this promotion; and He or she will not make any reproduction of any part of the Facebook application accessed by him or her pursuant to this promotion for purposes of selling or distributing the same for commercial gain nor shall he or she modify or incorporate any part of said Facebook application in any other work, publication or website. CONTROL MEASURE: DTI representatives shall be invited to check, test, validate, and verify the computer system for receiving entries and registration assigning random computer-generated raffle entries and drawing of winners. A copy of the said system shall be sealed in an envelope and signed by the DTI representative for safekeeping of Megamobile, for verification of DTI at any time. A printed copy of the properties of the program shall be given to the DTI representative after verification. The DTI representative shall check the database of the promo.
READ MOREMahinog Mayor Rogerio C. Acle (left) and LANDBANK Camiguin Branch Manager Adrian Lloyd O. Tan (right) sign five (5) loan agreements to finance the local government’s construction and improvement of infrastructure projects, and the purchase of two units of heavy equipment. MAHINOG, Camiguin – Endowed with rich agricultural land and alluring natural attractions, this 5th class municipality in northern Mindanao has great potential for growth. But due to limited financial resources, the municipal government is challenged to pursue high-impact projects that will boost its local economy. This year, some of the town’s development projects under its Comprehensive Development Plan (CDP) are expected to materialize with the recent signing of a loan agreement comprising five (5) term loans for a maximum total of P50.3 million between the local government and Land Bank of the Philippines (LANDBANK). Mahinog Mayor Rogerio C. Acle and LANDBANK Camiguin Branch Manager Adrian Lloyd O. Tan led the loan signing last November 26, 2020, together with other local government officials. “May mga dreams ako for my municipality na gustong matupad katulad na lang ng pagpapatayo ng mga infrastructure projects. Ang problema ay hindi namin ma-pursue dahil limited ang resources, specifically sa budget. Kaya noong nalaman ko na pwedeng mangutang sa government bank gaya ng LANDBANK, nagpursige kaming kumpletuhin ang mga requirements,” Mahinog Mayor Acle said. The loan will help the local government unit (LGU) of Mahinog acquire a brand new 10-wheeler dump truck and an excavator with breaker. These will be used to maintain various roads and other infrastructure across the town to ensure easy access and timely transport of goods from farms to the market, and to reduce transportation costs for local farmers. A separate term loan shall finance the construction of a two-storey commercial building with a total floor area of 1,291 square meters. The building, which will be divided into various spaces and offered for lease to small and medium enterprises and traders, is expected to promote commercial activities and attract investments to the town. Another term loan is allocated for the completion of the town’s unfinished Queobe Training Center. The loan will help finish the construction of the center’s training hall, convert the existing mini-training hall into rooms, and expand the dormitory to accommodate more training participants. A portion of the loan will also be used to acquire furniture, fixtures, kitchen equipment and other related paraphernalia needed in the training center. Adjacent to the municipality’s Queobe Training Center is the Katunggan Park, an eco-park with existing boardwalk and picnic sheds for tourists and trainees. Through one of the term loans from LANDBANK, the local government is targeting to complete this year the construction of a 104-square-meter canteen building and a 48-square-meter picnic shed within the park. Finally, LANDBANK also granted the Mahinog LGU a term loan for the land development of the proposed Benoni Public Market and Transport Terminal. This involves filling up the remaining 3,700 square meters of the one-hectare area with embankment so that a transport terminal and a public market building can be built in the future. The project aims to decongest the national highway fronting the Benoni Port, which is the gateway to the entire island of Camiguin. “LANDBANK continues to extend necessary credit assistance to local government units for small- to large-scale development projects. We believe that through these initiatives, we can multiply efforts in spurring local economic activity and growth, especially in the countryside,” said LANDBANK President and CEO Cecilia C. Borromeo. As of December 31, 2020, LANDBANK has extended P54.47 billion in outstanding loans to LGUs nationwide. This includes P19.86 billion for agri-aqua projects, as well as P5.89 billion and P5.34 billion for transportation and health care projects, respectively.
READ MOREThe Land Bank of the Philippines (LANDBANK) approved loans totaling P62.32 billion for 194 local government units (LGUs) nationwide under its RISE-UP LGUs (Restoration and Invigoration package for a Self-Sufficient Economy towards UPgrowth for LGUs) Lending Program. Of this amount, P1.89 billion has been released to 32 LGUs as of February 2, 2021. The RISE UP LGUs Program aims to provide the necessary funding requirements of provincial, city, and municipal LGUs to revive their local economy and recover from the adverse impact of the COVID-19 pandemic. The Program was launched in July 2020 in partnership with the Union of Local Authorities of the Philippines (ULAP), with the participation of the Leagues of LGUs, namely the League of Provinces of the Philippines (LPP), League of Cities of the Philippines (LCP), and League of Municipalities of the Philippines (LMP). Since then, the Program has gained wide acceptance by LGUs that the state-run bank has increased its fund allocation from the initial P10 billion to P80 billion to accommodate the rising number of loan applications. Through the RISE-UP LGUs Lending Program, LANDBANK finances COVID-19 response and recovery interventions, including but not limited to the purchase of agricultural produce, acquisition of equipment and construction of facilities for linking of products to the market, and other programs and projects of the LGU that provide basic and support services, social welfare, healthcare, and other infrastructure activities. “LANDBANK recognizes the crucial role of LGUs in the whole-of-nation approach to recover from the economic downturn caused by the pandemic. We are fully committed to finance local development projects toward generating jobs and jumpstarting the local economy,” said LANDBANK President and CEO Cecilia C. Borromeo. Interest rate subsidy The National Government, through Republic Act No. 11494 or the “Bayanihan to Recover as One Act”, is providing P1 billion in Interest Subsidy Fund (ISF) for LGU loans obtained from LANDBANK, which may be availed until December 31, 2022, unless otherwise earlier depleted. The interest subsidy is subject to a maximum limit of 2% per annum of the approved loan amount or P10 million per province and city, and P5 million per municipality, whichever is lower. Applying the interest subsidy to the RISE UP LGUs Lending Program, outstanding and succeeding loan releases to LGUs until December 31, 2022 or the depletion of the ISF, whichever comes earlier, will be subject to a fixed interest of 4% per annum inclusive of the 2% per annum subsidy from the National Government. Thereafter, the interest shall remain to apply but without any subsidy from the National Government. LANDBANK is therefore encouraging LGUs to promptly draw on their approved and enrolled loans under the RISE UP LGUs Lending Program and take advantage of the interest subsidy. Interested LGUs may contact the nearest open LANDBANK Lending Center or Branch nationwide, or call LANDBANK’s customer service at (02) 8-405-7000 or at PLDT Domestic Toll Free 1-800-10-405-7000. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), and join our Viber community (@LANDBANK), or visit the LANDBANK website (www.landbank.com).
READ MORETo support the local hog industry amid threats from the African Swine Fever outbreak, the Land Bank of the Philippines (LANDBANK) has launched a new lending program to assist hog raisers in sustaining and increasing pork production. During the program launch and signing of a Memorandum of Agreement (MOA) between LANDBANK and the Department of Agriculture (DA) at the DA-Bureau of Soils and Water Management (BSWM) Convention Hall in Quezon City on March 17, 2021, the state-run bank said it has earmarked P15 billion for the SWINE (Special Window and Interim Support to Nurture Hog Enterprises) Lending Program. The LANDBANK SWINE Lending Program will be available for commercial hog raisers registered as cooperatives or farmers’ associations, small and medium enterprises (SMEs), and large enterprises or corporations. “LANDBANK is supporting the Department of Agriculture by extending financing support to hog enterprises to sustain their operations and pork supply during this difficult time. Through the LANDBANK SWINE Lending Program, we aim to respond to the recovery requirements of our hog industry and contribute to ensuring food security,” said LANDBANK President and CEO Cecilia C. Borromeo. Loans under the LANDBANK SWINE Lending Program shall be used for swine production, which includes the acquisition or importation of semen or breeding animals; feed milling operations; the construction, improvement or retrofitting of necessary facilities that are compliant to biosecurity protocols of DA, the industry or integrators; acquisition of fixed assets; and as working capital. Eligible borrowers may avail of a short-term loan line or a term loan for up to 80% of their total project cost or financing requirement, with an affordable fixed interest rate of 3% per annum for three (3) years, subject to annual repricing thereafter. Under the Program, short-term loans have a tenor of one (1) year, term loan for permanent working capital is payable up to five (5) years, while fixed asset acquisition is payable based on the cash flow or payback period of the project, with grace period on the principal and interest. Agriculture Secretary William D. Dar and LANDBANK President Borromeo led the MOA signing to formalize the joint implementation of the SWINE Lending Program. Witnesses from DA included Undersecretary for Livestock William C. Medrano, Undersecretary for Operations Ariel T. Cayanan, Bureau of Animal Industry (BAI) OIC-Director Reildrin G. Morales, and National Livestock Program (NLP) and Agricultural Training Institute-International Training Center on Pig Husbandry (ATI- ITCPH) Director Ruth S. Miclat-Sonaco, together with LANDBANK Agricultural and Development Lending Sector Officer-In-Charge, Senior Vice President Ma. Celeste A. Burgos. Under the agreement, DA will provide the list of eligible program borrowers and assist them in the preparation of a business plan, enrollment in the Philippine Crop Insurance Corporation (PCIC), and in securing necessary permits. The DA will also provide loan recipients trainings on biosecurity management and breeding or rearing of hogs, while engaging the services of different organizations in capability building and implementation of biosecurity protocols. LANDBANK, for its part, will accept and evaluate loan applications of eligible borrowers and facilitate the release of loan proceeds. The Bank will also monitor the performance of the Program and provide monthly reports to DA. The DA and LANDBANK will work together to promote the Program through the conduct of focus group discussions and dissemination of educational materials. The LANDBANK SWINE Lending Program will be available until December 31, 2026 in line with the Department of Agriculture’s hog re-population plan. Last February, the Bank earmarked P2 billion for its new credit offering for the fisheries sector under the LANDBANK Commercial Fishing Vessel Financing Program, aimed at assisting existing and prospective commercial fishing operators in acquiring fishing vessels for domestic or overseas use. For more information about these and other Lending Programs of the Bank, 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. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), and join our Viber community (@LANDBANK), or visit the LANDBANK website (www.landbank.com).
READ MORETo Our Valued Clients: Easter greetings to you and your family. Amid the recent rise in COVID-19 cases, we in LANDBANK remain committed to balancing uninterrupted service delivery while prioritizing your health and safety. We encourage you to continue using our digital and online platforms at the safety and comfort of your homes for your financial transactions. The LANDBANK iAccess and Mobile Banking App are available for your immediate banking needs. We have upgraded our mobile app with enhanced functionality and security features to provide you with a more convenient experience in accessing LANDBANK’s wide array of services at your fingertips. Similarly, the LANDBANK Link.BizPortal, WeAccess, Electronic Tax Payment System and Phone Access are all available to serve your requirements. We also understand your need to send support to your families or continue conducting your businesses during this pandemic. Which is why LANDBANK has extended the waiver of fees for fund transfers to other banks via InstaPay and PESONet to until June 30, 2021. While we continue to promote cashless transactions, we also ensure sufficient cash availability in all our ATMs should you need cash. Let me then take this opportunity to remind you to be extra vigilant in protecting your accounts against scams and security threats. Do not share your personal account details to prevent unauthorized use of your bank accounts or credit cards. Please report to us immediately if you notice any unusual transactions or activities in your accounts. For those who still need to transact in our branches, strict but necessary health protocols remain in place. As we all continue to fight this pandemic, rest assured that we are committed to working with the Filipino nation towards recovery and rising above this adversity. We are #BankingOnTheFilipinoSpirit as we look forward to healthier times. Thank you for your continued confidence in LANDBANK. Sincerely, CECILIA C. BORROMEO President and CEO Land Bank of the Philippines
READ MOREMatanao Mayor Vincent F. Fernandez (2nd from right) and LANDBANK Davao del Sur Lending Center Department Manager Arnel M. Caalim (rightmost) lead the ceremonial signing for a P200-million financial recovery loan package, witnessed by Matanao Vice Mayor Alfredo O. Panerio (2nd from left) and LANDBANK Bansalan Branch Department Manager Raquel U. Dela Cerna. MATANAO, Davao del Sur – Recovery efforts of this 2nd class municipality against the ongoing health crisis, as well as natural calamities such as frequent earthquakes that rock the region, will receive crucial financial support from the Land Bank of the Philippines (LANDBANK) as the Municipality of Matanao signed six (6) term loans totaling P200 million on March 15, 2021. The Matanao local government unit (LGU) availed of the financial recovery package under the RISE UP LGUs (Restoration and Invigoration Package for a Self-sufficient Economy towards UPgrowth for LGUs) Lending Program, designed to provide the necessary funding requirements of provincial, city, and municipal LGUs to revive their local economy and recover from the adverse impact of the COVID-19 pandemic. “We continue to encourage our LGUs to utilize their borrowing capacity to bolster local healthcare services and economic recovery programs. The LANDBANK RISE UP LGUs Lending Program provides for responsive and accessible financing for these requirements,” said LANDBANK President and CEO Cecilia C. Borromeo. Part of the loan will be used by Matanao to bolster its healthcare services, which include maintenance of COVID-19 isolation and monitoring units, as well as temporary treatment facilities for residents suspected or have tested positive with the virus. The loan will also replenish funds used by the LGU to procure food and medical supplies that are distributed to the poorest and most affected members of the community who are mostly engaged in rice farming and banana cultivation. Under Republic Act No. 11494 or the “Bayanihan to Recover as One Act,” loans availed by LGUs during this time for such purposes will receive an interest subsidy until December 31, 2022 or until the total P1-billion subsidy fund under the Act is fully utilized. For his part, Matanao Mayor Vincent F. Fernandez said the LGU will strive to keep Matanao as one of the most competitive municipalities in the Davao Region. “We are very thankful to LANDBANK for immediately responding to the urgent request of the LGU for assistance. Thank you for a decade of partnership. We hope that through this financial package with concessional terms, we can recover faster, not only from the damages brought about by the recent quakes, but also from this pandemic," said Mayor Fernandez. He added that one of the term loans will be used to reconstruct the Municipal Hall building—previously financed by the Bank in 2013—after it was severely damaged by earthquakes in 2019 and rendered unusable. Another term loan will be used to acquire heavy equipment for the ongoing development of road networks and other infrastructure prospects within the Municipality that will pave the way for the enhanced mobility of people and goods. Moreover, the loan package will also fund the construction of a public market building that will benefit small farmers and fishers, as well as micro, small and medium enterprises (MSMEs). Interested LGUs may contact the nearest open LANDBANK Lending Center or Branch nationwide, or call LANDBANK’s customer service at (02) 8-405-7000 or at PLDT Domestic Toll Free 1-800-10-405-7000. Updates are regularly posted on the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), and in Viber Community (@LANDBANK), or in the LANDBANK website (www.landbank.com).
READ MORECebu Governor Gwendolyn F. Garcia (2nd from left), Deputy Speaker and Cebu 3rd District Congressman Pablo John F. Garcia (3rd from left), and Cebu 2nd District Congressman Wilfredo S. Camenero (rightmost) lead the MOA signing with LANDBANK Visayas Lending Group Head, Senior Vice President Elsie F. Tagupa (leftmost) for the Enhanced Countryside Development (ECD) Program on March 5, 2021. CEBU CITY, Cebu – State-run Land Bank of the Philippines (LANDBANK) joined hands with the Provincial Government of Cebu in opening doors for livelihood opportunities and business expansion to farmers and fishers in underdeveloped areas in the Province of Cebu with the launch of the Enhanced Countryside Development (ECD) Program. Cebu Governor Gwendolyn F. Garcia signed a Memorandum of Agreement (MOA) with LANDBANK and two other government financial institutions for the implementation of the ECD Program on March 5, 2021. Under the agreement, LANDBANK will provide direct financial assistance to eligible and qualified borrowers endorsed by the local government unit (LGU), with reasonable interest rates and payback terms. The facility aims to assist the LGU to shift the development focus from the urban Metro Cebu to the underdeveloped and underutilized towns of the province. “LANDBANK welcomes the opportunity to take part in advancing inclusive countryside development in Cebu. This forms part of our steadfast support to our local government partners, as we continue to extend accessible credit to finance livelihood expansion and recovery requirements, especially in underdeveloped towns and municipalities in the Province,” said LANDBANK President and CEO Cecilia C. Borromeo. Under the MOA, LANDBANK will provide necessary financing for the LGU’s projects that support the agriculture value chain. This includes infrastructure projects such as farm-to-market roads and post-harvest facilities in strategic areas in the province. At the same time, farmers and fishers will be provided with the necessary capital to restart or improve their livelihood. All ECD-participating farmers will also be provided crop insurance through the Philippine Crop Insurance Corporation (PCIC), as well as technical and marketing support. “LANDBANK commits its all-out support to the ECD Program, especially on extending loans to the farmers and fishers in the Province of Cebu,” said LANDBANK Visayas Lending Group Head, Senior Vice President Elsie Fe NB. Tagupa. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), and join our Viber community (@LANDBANK), or visit the LANDBANK website (www.landbank.com).
READ MOREDASURECO General Manager Ferdinand D. Canastra (center) and LANDBANK Davao del Sur Lending Center Head, Department Manager Arnel M. Caalim (leftmost), lead the P350-million loan signing on March 15, 2021 to enhance electric services in Davao del Sur and Davao Occidental. Joining them are (from left) DASURECO Finance Services Manager Alejandra B. Rosario and LANDBANK Account Officer Christian Harvey N. Wong and Account Assistant Ralph Rhester Encabo. DIGOS, Davao del Sur – Land Bank of the Philippines (LANDBANK) granted the Davao del Sur Electric Cooperative, Inc. (DASURECO) a P350-million credit line to augment its working capital for the continued provision of reliable, affordable, and uninterrupted electric services to consumer-members in Davao del Sur and Davao Occidental. The loan signing was led by DASURECO General Manager Ferdinand D. Canastra and LANDBANK Davao del Sur Lending Center, Department Manager Arnel M. Caalim on March 15, 2021. They were joined by DASURECO Finance Services Manager Alejandra B. Rosario and LANDBANK Account Officer Christian Harvey N. Wong and Account Assistant Ralph Rhester Encabo. The LANDBANK Davao del Sur Lending Center facilitated the loan application of DASURECO amid strict community quarantine protocols implemented in the region. “LANDBANK recognizes the vital role of our electric cooperative partners in providing essential public service for socio-economic growth, especially in the countryside. We will continue to support their financial requirements toward advancing inclusive local recovery and development,” said LANDBANK President and CEO Cecilia C. Borromeo. DASURECO General Manager Ferdinand D. Canastra welcomed the approval of the loan that will support the financing of three (3) additional power substations and rehabilitation of subtransmission lines. DASURECO will also use the loan to fund a new three-storey office building located in Barangay Cogon, Digos City. “The loan will help us pursue projects that will ensure power efficiency and reliability in the provinces we serve. It will also be a big help for us to provide a safe and convenient office building for our employees and consumers visiting us,” said General Manager Canastra. As a public utility provider, DASURECO is a partner in the National Government’s Rural Electrification Program, particularly in the provinces of Davao del Sur and Davao Occidental. The cooperative services many small farmers and fishers and supports their capacity for post-production and storage. As of December 31, 2020, DASURECO has a total of 205,568 active connections being served by six substations. It is categorized as a Mega Large Electric Cooperative with a AAA rating—the highest classifications conferred to an electric cooperative by the National Electrification Administration (NEA). LANDBANK continues to offer loans in support of developmental projects for the delivery of basic services and necessary infrastructure facilities. Interested cooperatives may contact the nearest LANDBANK Lending Center or Branch nationwide, or call LANDBANK’s customer service at (02) 8-405-7000 or at PLDT Domestic Toll Free 1-800-10-405-7000. Updates are regularly posted on the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), and in Viber Community (@LANDBANK), or in the LANDBANK website (www.landbank.com).
READ MOREPromo Mechanics: 1. This promotion is open to all LANDBANK and OFBank Visa Debit Cardholders who receive a cross border remittance via Visa Direct Program with Moneygram and Remitly as initiators from the following originating countries: ORIGINATOR ORIGINATING COUNTRIES MoneyGram USA, UK, France, Germany, Hungary, Romania & Spain Remitly USA 2. A cash incentive amounting to $5 (or local currency equivalent based on Visa’s applicable currency conversion rates) will be credited to the qualified Visa Debit Cardholder’s account within a minimum of fourteen (14) business days up to forty (40) business days (from the date of receipt of funds under the Qualifying Visa Direct Program). 3. There is no minimum remittance amount. 4. Promo period is from July 1, 2021 to September 30, 2021. Terms and Conditions: Each qualified Visa Debit Card account will be entitled to only one (1) cash credit/incentive, regardless of the number of remittances received into that account during the Promotion Period. For the avoidance of doubt, no game of chance or sweepstakes/lucky draws will be involved in the provision of benefits under the Promotion. Remittance must be from the following Visa Direct Program and originating countries only: ORIGINATOR ORIGINATING COUNTRIES MoneyGram USA, UK, France, Germany, Hungary, Romania & Spain Remitly USA Cash Credits/incentives are sponsored by Visa who will be fulfilling the crediting on behalf of LANDBANK to qualified Visa Debit accountholders. Visa has no responsibility to any cardholders in relation to the Cash/incentive credits or fulfilment thereof. All participants understand, acknowledge and agree that: Visa is sponsoring the Promotion benefits only and is not the provider of the underlying remittance services or other card services to cardholders; No claim shall be made by any participant against Visa in relation to the receipt or non-receipt of any remittance or other card services. All such claims shall be directed to the participant’s card issuer; and Visa has no responsibility to any participant in relation to the fulfilment of the Cash/incentive Credits. Participants shall contact their issuer for any claim or dispute in relation to the Cash/incentive Credits. To the fullest extent permitted by law, Visa shall not be liable to any person for any loss, damage, expenses or claim (whether direct or indirect, and whether foreseeable or unforeseeable) arising from or in connection with the usage or attempted usage of the Promotion or and/or services provided under the Promotion. By joining this promo, the LANDBANK / OFBank Visa debit accountholder confirms that he/she has read, understood, and agreed to the promo mechanics and its terms & conditions.
READ MOREAs of Fri, May 2, 2025
| Buying | Selling | |
|---|---|---|
| USD | 55.55 | 56.05 |
| JPY | 0.377079 | 0.391677 |
| EUR | 61.830814 | 64.229657 |
| GBP | 72.734752 | 75.556633 |
| HKD | 7.135926 | 7.668369 |
As of Wed, April 30, 2025
| UITF | NAVPU |
|---|---|
| Cash Management Fund | 1.558326 |
| Money Market Fund | 1.311473 |
| Money Market Plus Fund | 1.223865 |
| PERA Money Market Fund | 1.024157 |
| Medium-Term Bond Fund | 2.473735 |
| Bond Fund | 2.028301 |
| PERA Bond Fund | 1.202455 |
| Balanced Fund | 2.625609 |
| Growth Fund | 2.598945 |
| Alpha Equity Fund | 3.025756 |
| Blue Chip Equity Fund | 0.970814 |
| Equity Fund | 0.790417 |
| High Dividend Equity Fund | 1.009225 |
| US$ Money Market Fund | 1.432555 |
| Global $ Fund | 1.531474 |
