State-run Land Bank of the Philippines (LANDBANK) continues to support the National Government’s push for a safer and modernized transport system, by extending P1.8 billion in loans for the acquisition of modern jeepneys. As of June 30, 2021, LANDBANK has provided financial support to 43 public transport cooperatives and corporations for the purchase of 849 modern public utility jeepneys (PUJs) through the SPEED PUV Program (Special Package for Environment-Friendly and Efficiently-Driven Public Utility Vehicles). Another 46 accounts are being processed with total loan application amounting to P4.25 billion to procure 1,833 units of modern jeepneys. The third generation of what used to be service vehicles of US servicemen dating back to the 1940s, the new jeepneys now feature air-conditioning, Wi-Fi connectivity, GPS tracking, CCTV cameras, speed limiters, and contactless payment systems. In partnership with the Department of Transportation (DOTr) and the Land Transportation Franchising and Regulatory Board (LTFRB), the SPEED PUV Program directly supports the Public Utility Vehicle Modernization Program (PUVMP) by offering affordable financing to help transport cooperatives and corporations purchase modern PUJs. “We are working closely with the DOTr and LTFRB to assist jeepney drivers and operators purchase environment-friendly and efficiently-driven PUJs. Rest assured that LANDBANK will continuously support the transport sector towards building a safer and modernized transport system for the benefit of public transport players and commuters,” said LANDBANK Branch Banking Sector Head, Executive Vice President Julio D. Climaco, Jr. Under the SPEED PUV Program, eligible borrowers may loan up to 95% of the PUJ’s total cost at an affordable interest rate of 6% per annum, payable based on cash flow but not to exceed a maximum of seven (7) years. LANDBANK is also supporting efforts to modernize public utility buses (PUBs) through the I-RESCUE for BUS Transport (Interim REhabilitation Support to Cushion Unfavorably-affected Enterprises by Covid-19 for Better Urban Services Transport) Lending Program. Launched in 2020, the I-RESCUE for BUS Transport Program offers affordable financing to help public transport cooperatives and corporations purchase modern PUBs, in support of the Metro Manila Bus Modernization Program of the DOTr and LTFRB. Qualified transport cooperatives and corporations may borrow up to 80% of the PUB’s unit cost, at an affordable fixed interest rate for the first three (3) years, payable up to a maximum of seven (7) years, inclusive of a two-year grace period on principal. Interested borrowers of LANDBANK’s SPEED PUV and I-RESCUE for BUS Transport Programs 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 MOREThe Supreme Court of the Philippines and Land Bank of the Philippines (LANDBANK) have partnered to offer aspiring lawyers convenient options to settle their fees for the upcoming Bar examinations scheduled on all four (4) Sundays of November 2021. The Supreme Court’s Office of the 2020/2021 Bar Examinations Chairperson recently announced that 24 institutions have been approved to serve as local testing centers nationwide, and that Bar applicants can also pay the Bar application fee online through LANDBANK’s Link.BizPortal as an additional option. Starting last July 29, 2021, applicants may settle their Bar exam fees via the Link.BizPortal facility, while over-the-counter (OTC) payments at any LANDBANK branch or branch-lite unit nationwide are being accepted since July 15. The Link.BizPortal is LANDBANK's electronic payment facility that allows clients to safely and conveniently pay for products and services online to over 800 enrolled partner-merchants nationwide, anywhere, anytime. "LANDBANK has partnered with the Supreme Court to provide alternative payment methods, in line with keeping aspiring lawyers safe and focused during their preparation for the Bar exam. We will continue to partner with more government and private institutions to provide fast and convenient payment services under the new normal," said LANDBANK President and CEO Cecilia C. Borromeo. From January to July 2021, LANDBANK's five major electronic channels—Mobile Banking App, weAccess, iAccess, Link.BizPortal, and Electronic Modified Disbursement System (eMDS)—facilitated a total of 73.5 million transactions valued at P1.307 trillion. These represent increases of 12% and 65% in volume of transactions and value, respectively, over the same period last year. In particular, the Link.BizPortal facility recorded 2.3 million transactions amounting to P5.57 billion, equivalent to 105% and 103% increases year-on-year, respectively. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), join our Viber community (@LANDBANK), or visit the LANDBANK website (www.landbank.com).
READ MOREAlicia Mayor Joel Amos P. Alejandro (center) inspects the municipal government’s purchase of palay directly from local farmers at premium prices, with support from a P65-million loan under LANDBANK’s Palay at Mais ng Lalawigan Lending Program, which helped stabilize the local prices of palay and provided a ready and steady market for farmers’ produce. ALICIA, Isabela – Situated in the “Queen Province of the North,” the Municipality of Alicia is surrounded with vast tracts of rich agricultural lands planted mostly to palay and corn. Having the largest irrigated rice fields in the region, Alicia is considered the largest rice producer in Cagayan Valley. The COVID-19 pandemic, however, affected market conditions for these farmers, as health and safety lockdowns limited the movement of buyers, traders, and produce. To address this growing concern, the municipal government decided to pursue high-impact projects to help boost the productivity of its more than 1,000 farmers and ensure local food security. This led the administration of Alicia Mayor Joel Amos P. Alejandro to partner with local farmers’ cooperatives and associations to directly purchase the palay produced by local farmers at premium prices. Through the assistance of Land Bank of the Philippines (LANDBANK), the Alicia LGU applied for a P65-million credit facility for a Permanent Working Capital (PWC) under the Bank’s Palay at Mais ng Lalawigan Lending Program. Through the Program, the Alicia LGU buys palay at an indicative subsidized price of P15.00 to P16.00 per kilogram for wet palay, and P19.00 per kilogram for dry palay. This helped stabilize the prices of palay in Alicia, while providing a steady market for farmers’ produce. The LGU, in turn, sells the procured palay processed into milled rice in public markets and other government institutions, such as government hospitals, jails, and other entities. The LGU also signed lease contracts with millers and warehouse owners to set up a streamlined rice milling arrangement in the area. Moreover, the Program supported the LGU’s initiatives to deliver rice subsidies to indigent residents of Alicia, particularly when the area was placed under Enhanced Community Quarantine (ECQ) to stem the spread of COVID-19 infections. “Ako ay nagpapasalamat sa LANDBANK dahil sa kanilang programa para sa aming local farmers. Malaking tulong ito para sa aming munisipyo. I am also proud to note that we are the first LGU that availed and implemented this Program, which has so far proven to be successful. We are counting on LANDBANK to support our plans in expanding this program so that we may be able to support more palay farmers in Alicia,” Mayor Alejandro said. Initially launched by LANDBANK and the Department of Agriculture (DA) in 2019 as the “PAlay aLAY sa Magsasaka ng Lalawigan,” the Program aims to provide a credit facility to Municipal, City, and Provincial LGUs to purchase palay produced by local farmers whose incomes have been affected by the drop in the farm gate price of palay. The Program has since been expanded in 2020 to cover the purchase of corn, in support of Republic Act No. 11494 or the Bayanihan to Recover as One Act. “We are closely working with local government partners to meet the production requirements of farmers and help ensure food security especially during this ongoing pandemic. We are thus encouraging more LGUs, especially those in rice and corn producing communities, to avail of the LANDBANK Palay at Mais ng Lalawigan Program to support our local farmers,” said LANDBANK President and CEO Cecilia C. Borromeo. The P10-billion funded facility is LANDBANK’s response to the National Government’s call to support the livelihood of local farmers, who can sell their palay and corn to their LGUs at a fair price rather than to unscrupulous rice traders who offer very low prices. Additionally, LGUs may avail of farm machineries and equipment for post-harvest facilities to support their rice and corn-related activities. As of July 2021, LANDBANK has approved loans for the Program amounting to P3.85 billion for eight (8) LGUs. As of July 31, 2021, LANDBANK has extended a total of P21 billion in outstanding loans to support the agri-aqua projects of LGUs nationwide. Interested borrowers of the LANDBANK Palay at Mais ng Lalawigan Lending Program 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 the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), and Twitter (@LBP_Official); join our Viber community (@LANDBANK); or visit the LANDBANK website (www.landbank.com).
READ MORELANDBANK joins the Philippine Civil Service Commission (CSC) in commemorating the 121st Philippine Civil Service Anniversary this month of September, pursuant to Presidential Proclamation NO. 1050, series of 2017. CSC's 10-year theme, "Transforming Public Service in the Next Decade: Honing Agile and Future-Ready Servant Heroes,"highlights the reforms achieved as a response to the new normal and the major changes to be undertaken in the next few years as the country recovers and pursues a #BetterNormal.
READ MORELANDBANK and Converge sign a P3-billion loan agreement to provide fast and reliable internet connectivity to more subscribers nationwide. The virtual signing ceremony on August 27, 2021, was led by (upper row from left) Converge CEO Dennis Anthony H. Uy, Converge President Maria Grace Y. Uy, and LANDBANK President and CEO Cecilia C. Borromeo. They were joined by (lower row from left) Converge Deputy Chief Finance Officer Christine Renee R. Blabagno and LANDBANK officials, namely Agricultural and Development Lending Sector, Officer-in-Charge Senior Vice President Filipina B. Monje and Corporate Banking Group Head, Senior Vice President Ma. Celeste A. Burgos. State-run Land Bank of the Philippines (LANDBANK) signed a P3-billion loan agreement with Converge Information and Communications Technology Solutions, Inc. (Converge) to help provide fast and reliable internet service to more subscribers nationwide. LANDBANK President and CEO Cecilia C. Borromeo alongside Converge CEO Dennis Anthony H. Uy and President Maria Grace Y. Uy led the virtual loan signing ceremony to support the fiber broadband service provider’s continuing terrestrial and subsea domestic network expansion and finance working capital requirements. They were joined by Converge Deputy Chief Finance Officer Christine Renee R. Blabagno and LANDBANK officials, namely Agricultural and Development Lending Sector Officer-in-Charge, Senior Vice President Filipina B. Monje and Corporate Banking Group Head, Senior Vice President Ma. Celeste A. Burgos. Also present during the signing ceremony was Converge Chief Financial Office Advisor Matthias Vukovich. During the virtual ceremony, LANDBANK emphasized the importance of investing in technology as more Filipinos adapt to a digital lifestyle due to the ongoing pandemic. “We are hopeful on this new partnership between LANDBANK and Converge to ensure the delivery of fast and consistent internet services across the country. It is with urgency that we must support more users in adapting to home set-ups for work and education in the new normal. This is also aligned with LANDBANK’s thrust of leveraging on digital innovations to provide uninterrupted, safe, and timely financial solutions to our clients, especially the unbanked and underserved,” said LANDBANK President and CEO Borromeo. Converge CEO Uy expressed his gratitude to LANDBANK for providing an accessible financial channel to expand their fiber footprint nationwide. “This loan financing brings us one step closer to our goal of connecting the unserved and underserved areas in the country. The available funds will help us reach into untapped markets and really ‘Go Deep’ into existing ones,” said CEO Uy during the virtual loan signing. Converge will utilize the credit support from LANDBANK for its continued network expansion across the country, broadening its distribution reach, and boosting international connectivity. The total loan package from LANDBANK will also include an additional short term loan line as well as a facility for its trade transactions amounting to up to P2 billion. In line with servicing the emerging needs of its clients in the new normal, LANDBANK successfully facilitated 73.5 million transactions amounting to P1.307 trillion through its five major e-banking channels from January to July 2021. This represented comparative year-on-year increases of 12% and 65%, respectively. As of July 2021, the Bank has also facilitated the opening of more than 1.7 million online accounts through its Digital On-boarding System or DOBS which digitizes the submission of account applications. LANDBANK also launched recently the DOBS Mobile which facilitates online savings account opening in as fast as 10 to 15 minutes. The LANDBANK DOBS Mobile eliminates the need to line up in branches to open an account, in support of the National Government’s Ease of Doing Business (EODB) initiative, as well as safety protocols imposed to limit COVID-19 infections. LANDBANK also continues to waive fees for inter-bank fund transfers via InstaPay and PESONet for retail clients until September 30, 2021.
READ MOREShop at Lazada for a minimum spend of P3,000 using your LANDBANK Mastercard Credit and Prepaid Card and enjoy FREE SHIPPING on Lazada’s 9.9 Big Brands Sale! TERMS AND CONDITIONS: 1. Shipping discount can be used once throughout the valid promo period. 2. Shipping discount is applicable to all Mastercard Credit/Debit/Prepaid Cardholders. Maximum discount is P200 on shipping fee. 3. Shipping discount is applied automatically at the checkout only when the voucher has been successfully collected. 4. Shipping discount is not exchangeable for cash, credit or other goods and services. 5. Shipping discount amount cannot be applied retroactively. 6. Shipping discount is considered fully consumed regardless if total shipping fee is less than discount amount. 7. The use of the voucher is subject to the Lazada Voucher Terms and Conditions. 8. Applicable only to eligible credit card BINs and eligible items. 9. Voucher can be used with other collectible vouchers and voucher codes, except for platform shipping fee vouchers. CUSTOMER SUPPORT For questions or clarifications, please contact Lazada Customer Care by clicking the chat button at http://www.lazada.com.ph/contact. Terms and conditions apply. Per DTI Fair Trade Permit No. FTEB-126431 Series of 2021.
READ MOREI. Qualifications The promo is exclusive to Mastercard Credit, Debit, and Prepaid cards. II. How to Avail Shop using the Shopee mobile app. Select the items you wish to purchase and click “BUY NOW”. To proceed with checkout, enter your e-mail address and shipping details. Enter promo code “MCPAYDAY” upon checkout. Click “Select payment method” and choose “Credit / Debit Card” as option. Select or add your participating Mastercard credit, debit, or prepaid card and click “Confirm”. Promo discount will be automatically applied to your purchase upon checkout. III. Terms and Conditions Qualified Mastercard cardholders are entitled to avail of the promo discount from Shopee within the applicable promo period. Promo discount is P150 off, with a minimum spend of P1,500. Promo discount is valid for eligible Shopee users during the promo duration. Promo discount is valid for one-time use on September 15, 2021. Promo discount cannot be reapplied after a qualified order has been cancelled by the cardholder. Promo discount is valid for new and existing Shopee registered customers. Promo discount cannot be applied retroactively. The offer cannot be exchanged for cash or other products. Promo discount cannot be used on products under the “Load, Bills and eServices” category. Promo discount is valid on orders to be delivered via integrated couriers. By joining this promo, the user confirms that he/she has read, understood, and agreed to the promo mechanics and its terms & conditions. Shopee reserves the right to cancel transactions of accounts that are suspected to be invalid or fraudulent (i.e. abuse of system). Shopee reserves the right to vary these terms & conditions with prior approval of DTI. IV. Customer Support For any questions or clarifications, please contact Shopee’s Customer Service at (02) 88805200 or email support@shopee.ph DTI Fair Trade Permit No. FTEB-124679, Series of 2021
READ MOREThe Land Bank of the Philippines (LANDBANK) has teamed up with the Land Transportation Franchising and Regulatory Board (LTFRB) in the relaunch of the Service Contracting Program for public utility vehicle (PUV) operators to ensure quicker and more efficient disbursement of cash payments. With a Program fund of P3 billion, LANDBANK will facilitate the crediting of cash payments to eligible PUV operators through their existing LANDBANK accounts and other partner outlets via InstaPay or PESONet. Under the Program, qualified PUV operators will receive the payouts weekly while providing free rides to frontline healthcare workers and Authorized Persons Outside Residence (APORs) to support their mobility requirements during the ongoing pandemic. In the virtual launch of the Service Contracting Program Phase 2 held on 10 September 2021, LANDBANK expressed its commitment to help provide PUV operators and drivers nationwide with sustainable livelihood amid reduced ridership resulting from Community Quarantine periods. “We welcome this collaboration under the Service Contracting Program Phase 2 to deliver prompt financial assistance to PUV operators nationwide towards ensuring the efficient, safe, and uninterrupted operations of public transportation under the new normal,” said LANDBANK President and CEO Cecilia C. Borromeo. During the virtual launch event, the LTFRB encouraged participants of the Program to open a LANDBANK account so they can quickly receive the payouts, as disbursement to other accounts will take longer due to additional processes. “We have encouraged and suggested na ‘yung lalahok dito sa Service Contracting Program ay kukuha at mag-oopen ng LANDBANK account para diretso na agad sa kanila, in real-time po ang pagbabayad,” said LTFRB Chairman Atty. Martin B. Delgra III. LANDBANK is committed to contribute to the National Government’s continuing efforts to advance the country’s transportation sector and provide the riding public safe, secure, and convenient transport services in the new normal. Through the SPEED PUV (Special Package for Environment-Friendly and Efficiently-Driven Public Utility Vehicles) and the I-RESCUE for BUS Transport Lending Programs, LANDBANK supports the purchase of modern public utility jeepneys and buses by providing affordable financing to transport cooperatives and corporations. As of August 2021, the Bank has approved P2.32 billion in loans for the acquisition of 1,093 modern units under the SPEED PUV, while another P4 billion is being processed for 43 additional loan applications.
READ MOREThe Land Bank of the Philippines (LANDBANK) has approved a P94.5-million term loan for the construction of the first government-owned oxygen-generating plant in the Province of Sorsogon. In partnership with the Provincial Government of Sorsogon under the leadership of Gov. Francis Joseph G. Escudero, LANDBANK will finance the purchase and installation of the oxygen-generating facility to be stationed at the Sorsogon Provincial Hospital. This will help increase the supply of medical oxygen to all nine (9) government hospitals in the province and benefit its more than 800,000 residents, as well as those from other neighboring provinces. The establishment of this facility is part of the local government’s COVID-19 mitigation efforts, particularly now with the rising demand for medical oxygen caused by the recent surge in infections. The plant will also help lower the costs for tank refilling from P490 per tank to only P157. At present, the province sources medical oxygen from only one supplier in Camarines Sur. The P94.5-million financing for the oxygen plant—which is expected to be completed in early 2022—forms part of LANDBANK’s intensified support to LGUs nationwide in providing basic health services, especially amid the ongoing pandemic. “LANDBANK remains committed to serving the nation at the frontlines of our battle against the pandemic. Alongside our LGU partners, we stand ready to service growth and recovery requirements, which include boosting local healthcare services and providing support to medical frontliners and their constituents,” said LANDBANK President and CEO Cecilia C. Borromeo. LANDBANK also financed a P29-million oxygen plant for the Provincial Government of Negros Occidental in 2010. Located in the City of Silay, the LANDBANK-funded facility has been supplying medical-grade oxygen to almost all district hospitals in the province for the past 10 years. Since the onset of the pandemic last year, the oxygen plant has been providing free medical oxygen to local public health institutions and COVID-isolation facilities, namely the Cadiz City District Hospital, Valladolid District Hospital, Provincial Healing Center in E.B. Magalona, and the Teresita Lopez Jalandoni Provincial Hospital in Silay City.
READ MOREThe Land Bank of the Philippines (LANDBANK) has partnered with the Department of Agriculture (DA) and Go Negosyo to support their existing coaching program and service the financial requirements of eligible farmers, fishers, and micro, small, and medium enterprises (MSMEs) nationwide. Under the Kapatid Agri Mentor Me Program (KAMMP), LANDBANK will facilitate loan applications and provide credit assistance to graduate-mentees coached and trained by Go Negosyo and DA. The Bank will also assist in the development of new training and mentorship modules for startup and expanding agribusiness ventures. During the virtual Memorandum of Agreement (MOA) signing ceremony on 20 September 2021, LANDBANK welcomed the opportunity to match its loan programs with the specific requirements of eligible KAMMP graduates and provide accessible and affordable credit assistance to support their livelihood. “We are proud to be part of this meaningful and timely undertaking tailored to the needs of the agriculture sector. This is aligned with our ongoing efforts in widening credit access to farmers, fishers, and MSMEs nationwide,” said LANDBANK President and CEO Cecilia C. Borromeo. Presidential Adviser for Entrepreneurship and Go Negosyo founder Secretary Joey A. Concepcion highlighted the impact of LANDBANK’s involvement in KAMMP towards achieving its goal under the Mentorship, Market, and Money (3Ms) Principle. “These efforts from LANDBANK to provide financing to entrepreneurs under KAMMP are definitely a welcome development. I would like to thank Secretary Dar and President Borromeo for joining forces with Go Negosyo to really try and improve the lives of the Filipino people,” said Presidential Adviser Concepcion. For his part, DA Secretary William D. Dar noted the importance of adapting digital innovations to transform agriculture in the country. “Mahalaga po ang technology and innovation as part of this mentorship program para sa gano’n ay madagdagan ang kaalaman ng mga nagnenegosyo sa agrikultura at mapadali ang kanilang paghahanap-buhay,” said Secretary Dar. LANDBANK is looking to launch within the year its Digital Lending System (DLS), which will facilitate online loan applications for the safety and convenience of farmers and fishers. This move is in line with the National Government’s health and safety protocols due to the COVID-19 pandemic and its Ease of Doing Business campaign. From January to July 2021, LANDBANK has conducted 20 virtual trainings for 168 cooperatives nationwide facilitated by the LANDBANK Countryside Development Foundation, Inc. (LCDFI), while 85 MSMEs have attended the Bank’s new webinars from July to August 2021 to strengthen their recovery strategy under the new normal. LANDBANK’s partnership with DA and Go Negosyo builds on the Bank’s ongoing efforts to provide accessible and timely agricultural credit as part of serving the nation.
READ MOREAs of Fri, June 20, 2025
| Buying | Selling | |
|---|---|---|
| USD | 56.95 | 57.55 |
| JPY | 0.386061 | 0.401641 |
| EUR | 64.544292 | 67.151872 |
| GBP | 75.593628 | 78.6476 |
| HKD | 7.228398 | 7.779724 |
As of Thu, June 19, 2025
| UITF | NAVPU |
|---|---|
| Cash Management Fund | 1.567201 |
| Money Market Fund | 1.318392 |
| Money Market Plus Fund | 1.230778 |
| PERA Money Market Fund | 1.028038 |
| Medium-Term Bond Fund | 2.481897 |
| Bond Fund | 2.027012 |
| PERA Bond Fund | 1.201377 |
| Balanced Fund | 2.677204 |
| Growth Fund | 2.648917 |
| Alpha Equity Fund | 3.096113 |
| Blue Chip Equity Fund | 0.97766 |
| Equity Fund | 0.817186 |
| High Dividend Equity Fund | 1.028503 |
| US$ Money Market Fund | 1.438224 |
| Global $ Fund | 1.538186 |
