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READ MOREPresident Ferdinand R. Marcos, Jr. (center) signs into law the New Agrarian Emancipation Act on July 7, 2023, with Agrarian Reform Secretary and LANDBANK Board Member Conrado M. Estrella III (8th from right) and other DAR officials, together with LANDBANK President and CEO Lynette V. Ortiz (3rd from right), Executive Vice President Alex A. Lorayes (4th from right), and Vice President Atty. Marife Lynn O. Pascua (2nd from right) witnessing the event. (photo courtesy of DAR). The Land Bank of the Philippines (LANDBANK) ensures that it will be working closely with government partners for the seamless and immediate implementation of the new law that frees agrarian reform beneficiaries (ARBs) nationwide from agrarian debts, in line with efforts to boost and modernize the agriculture sector. The National Government is writing-off land amortizations managed by LANDBANK amounting to P57.74 billion as of 30 June 2023—effectively relieving over 649,000 ARBs tilling 1.17 million hectares of land debt. The condonation is part of the landmark Republic Act No. 11953 or the New Agrarian Emancipation Act signed by Philippine President Ferdinand R. Marcos, Jr. on 7 July 2023. Of the P57.74 billion, the National Government will condone outright P14.56 billion in principal loans of over 263,000 ARBs upon the effectivity of the law. The Department of Agrarian Reform (DAR), in coordination with LANDBANK, will also expedite the processing of the remaining P43.17 billion principal loans of over 385,000 ARBs. “We are proud to be part of this landmark initiative of the Marcos Administration to free farmers from debt and help them start anew. LANDBANK will likewise continue to pour investments and extend support initiatives for farmers nationwide to boost their productivity and income,” said LANDBANK President and CEO Lynette V. Ortiz. The New Agrarian Emancipation Act condones all loans, including interests, penalties, and surcharges incurred by ARBs from land awarded to them under Presidential Decree 27 (Tenant Emancipation Decree issued in 1972), Republic Act No. 6657 (Comprehensive Agrarian Reform Law of 1988), and Republic Act No. 9700 (An Act strengthening the CARP and extending the acquisition and distribution of agricultural lands, issued in 2009). The DAR will issue the implementing rules and regulations of the new law, in coordination with the Presidential Agrarian Reform Council Executive Committee (PARC ExCom) and with the technical expertise of LANDBANK, within 60 days from the issuance of the Act. For his part, Agrarian Reform Secretary and LANDBANK Board Member Conrado M. Estrella III lauded Congress for the immediate passage of the law, and expressed gratitude to LANDBANK for its consistent support to ARBs over the years. “Nagpapasalamat din po kami sa mga taga-LANDBANK sapagkat sila po ay very active na nagbibigay po ng credit assistance sa ating mga ARBs,” he said. LANDBANK has extended P2.7 billion in loans to 2,356 individual ARBs and 469 ARB cooperatives and farmers’ associations nationwide. Apart from credit assistance, LANDBANK also provides financial literacy and capability-building seminars to make sure borrowers are equipped with basic financial knowledge to manage their finances and boost their income.
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READ MORELANDBANK Vice President Esperanza N. Martinez (4th from left) joins fellow financial institution leaders in support of the country’s local businesses during the National MSME Summit 2023 in Manila. In celebration of the National Micro, Small and Medium Enterprise (MSME) Week, the Land Bank of the Philippines (LANDBANK) reaffirms its full support to the MSME sector through the provision of accessible and affordable financing. As of end-June 2023, the state-run Bank saw its outstanding loans to MSMEs reach P49.5 billion benefitting over 6,100 borrowers in support of business expansion and acquisition of fixed assets, among others. “LANDBANK recognizes the crucial role of MSMEs in advancing economic development and job generation. We will continue to work with various government partners to grow our loan portfolio for the sector and open more opportunities for our local entrepreneurs,” said LANDBANK President and CEO Lynette V. Ortiz. LANDBANK Vice President Esperanza N. Martinez discussed the Bank’s efforts to provide MSMEs wider access to responsive financing at the National MSME Summit 2023 organized by the MSME Development Council on 18 July 2023. On top of its regular loan facilities, LANDBANK has been offering special lending programs dedicated to the needs of MSMEs and aspiring entrepreneurs. Under the I-RESCUE (Interim REhabilitation Support to Cushion Unfavorably affected Enterprises by COVID-19) Lending Program, LANDBANK provides credit and loan restructuring assistance to MSMEs severely affected by the COVID-19 pandemic under more flexible terms and conditions. The Bank launched the I-RESCUE Lending Program at the onset of the pandemic in 2020 and has raised to P60 billion the available loanable fund to accommodate more borrowers. The program is available until the end of the year. LANDBANK also extends financial assistance to women-owned or -led MSMEs by financing working capital, construction or renovation of buildings and facilities related to business operations, as well as purchase orders from the borrower’s clients. Overseas Filipino workers (OFWs) are also supported to pursue business opportunities, with LANDBANK partnering with the Overseas Workers Welfare Administration (OWWA) in offering loanable funds for working capital or acquisition of fixed assets, among others. The Bank is likewise financing new and existing franchisees for new business ventures or expansion of existing businesses, covering funding for working capital, fixed asset acquisition, and capital expenditures. In partnership with the Department of Science and Technology's Technology Application and Promotion Institute (DOST-TAPI), LANDBANK also offers credit assistance for Filipino inventors, MSMEs and large enterprises to help commercialize their new and innovative technologies. Interested borrowers may contact the nearest 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 MORESpouses Leonilo and Bella Basister from Mayorga, Leyte grew their palay trading business with support from LANDBANK, now running two rice mills that produce more than 100,000 sacks of milled rice per year. MAYORGA, Leyte – As someone who was not able to pursue higher education due to financial constraints, Leonilo “Kiloy” Basister only had limited opportunities to make ends meet, especially after getting married at the young age of 21. With a seed money of only P270, Kiloy initially ventured into selling fish and live piglets in the market, while taking side jobs in between. He also borrowed resources from relatives and friends to expand his capital. After years of hard work, he and his wife, Bella, earned enough to start the L.K. Basister Rice and Palay Trading in 1998, with Kiloy supervising the overall operations and his wife handling all financial aspects of the business. From buying and selling only about 17 sacks of palay, the couple saw their business expanding year after year, until they were challenged to look for local rice mill operators that can accommodate their growing stocks. This pushed them to establish their own rice mill in 2010 that can process up to 30,000 sacks per year. Kiloy and Bella have been managing the L.K. Basister Rice and Palay Trading over the years, with the former supervising the overall operations and the latter handling the financial side of the business. The big break for their business came in 2012 when Kiloy and Bella secured a P3-million credit line from the Land Bank of the Philippines (LANDBANK). With a bigger working capital, the couple was able to buy more palay from local farmers in Mayorga and neighboring towns, providing a sure market for their produce. “Malaking tulong talaga ang LANDBANK sa paglago ng aming business at kung nasaan kami ngayon. Nagkaroon kami ng mas malaking pondo na nagagamit para makabili ng palay na gigilingin namin sa buong taon. Dahil dito ay patuloy na tumaas ang aming kita at talagang nakaahon kami sa hirap,” Kiloy shared. Through the Bank’s constant support over the years, the L.K. Basister Rice and Palay Trading has now grown into a multi-million enterprise, producing more than 100,000 sacks of milled rice per year. And as their profits steadily increased, the couple’s credit line with LANDBANK likewise expanded to P100 million due to their good credit standing. Kiloy and Bella are currently running two rice mills with whitener and mist polisher, complemented by two warehouses and 14 mechanical dryers. They also have 14 delivery equipment for logistics support, and an outlet in Tacloban City to facilitate the disposal of the milled rice. Aside from contributing to the town’s food security, the business has been providing employment opportunities to 70 local residents involved in drying, milling, hauling, sacking and delivery of products. An additional workforce is also employed during harvest season when there is an expected higher volume of production. The couple’s business also provides employment opportunities for about 70 local residents involved in drying, milling, hauling, sacking and delivery of the milled rice. More than anything else, Kiloy and Bella now enjoy a comfortable life with their six children. They are able to send their kids to school, with four of them already graduated from college and are now helping in running the family business. Despite all their success, the couple is not taking it easy, as they continue to manage their business with the same persistence as when they were starting. They have also expanded and diversified into other fields such as poultry farming. It was indeed a long journey for Kiloy and Bella, and they remain thankful to LANDBANK for pushing them to their limits as entrepreneurs. “Ang masasabi ko sa mga gustong mag negosyo ay magtiyaga lang kayo. Mangutang kung kailangan basta marunong magbayad at alam ninyo kung saan ito gagamitin,” Kiloy said. LANDBANK has been extending financial support to micro, small and medium enterprises (MSMEs), as part of its commitment to assist key economic sectors in building stronger and more inclusive local communities. As of end-June 2023, the Bank’s outstanding loans to the MSME sector reached P49.5 billion for the benefit of over 6,100 borrowers nationwide.
READ MOREVictorias Commercial Center store owner Juliet de la Torre is now accepting payments via Quick Response (QR) code powered by LANDBANK. VICTORIAS CITY, Negros Occidental – In line with advancing the shift towards cashless transactions, the Land Bank of the Philippines (LANDBANK) is helping store owners in Victorias Commercial Center to embrace the use of digital payments. Juliet de la Torre is among the local vendors with a LANDBANK account who has adopted the use of Quick Response (QR) technology to accept payments, since the recent PalengQR Ph Plus rollout at the Victorias City Commercial Center and Public Market. Initially hesitant due to her heavy dependence on cash, Juliet has now experienced the convenience and benefits of using digital payments to better consolidate and account for her income, especially with the multiple stores that she manages. "I was apprehensive at first, but using digital payments has made the accounting for my business easier. It's convenient, especially since I operate multiple stores. I can also consolidate my income seamlessly, while helping me to avoid getting scammed for accepting counterfeit bills," shared Juliet. The Paleng-QR Ph launch in this City was spearheaded by the City Government of Victorias, which plans to onboard over 500 market vendors and nearly 2,000 tricycle drivers onto the program by the end of the year. “With our commitment to providing a quality life to all Victoriahanons, the Paleng-QR program doesn't only promise convenient payment transactions but also a safe and reliable digital ecosystem for our community and economic resilience," said Victorias City Mayor Javier Miguel L. Benitez. Digital payments for inclusive growth The Paleng-QR Ph Plus program is led by the Bangko Sentral ng Pilipinas (BSP) and the Department of the Interior and Local Government (DILG), which aims to promote the use of QR Ph – the national standard for electronic payments through QR codes. "LANDBANK supports the digitalization drive of the BSP and DILG in further strengthening local economic activities. Leveraging on digital payments allows for greater financial freedom and equal opportunity for all," said LANDBANK President and CEO Lynette V. Ortiz. Since its inception in August 2022, the Bank has actively joined the Paleng-QR Ph Plus program rollouts and facilitated the on-the-spot opening of LANDBANK accounts for market vendors, customers, and local public transport drivers nationwide. LANDBANK aims to assist more Filipinos like Juliet and other public market vendors to adopt the use of digital payments towards building a more inclusive, cashless society.
READ MORE(seated) Zamboanga City Mayor John M. Dalipe (2nd from right) and LANDBANK Vice President Lina K. Pacio (3rd from right) lead the signing of a Memorandum of Agreement (MOA) to formalize a partnership with the city government to utilize the LANDBANK Link.BizPortal for the online collection of local government fees, dues and charges. ZAMBOANGA CITY – The City Government of Zamboanga has tapped anew the services of the Land Bank of the Philippines (LANDBANK) to accelerate its shift towards digitalizing local government transactions. Through the LANDBANK Link.BizPortal, the Bank’s web-based payment facility, residents of Zamboanga City’s 98 barangays now have an online payment option to settle fees, dues and charges to the LGU, which includes real property taxes and business permits. “LANDBANK is accelerating the digitalization of public services nationwide through our secure and reliable digital banking products. We are working closely with local government partners, such as Zamboanga City, to deliver more efficient and convenient services,” said LANDBANK President and CEO Lynette V. Ortiz. The Zamboanga City LGU welcomes the shift from solely accepting physical payments for local fees such as cash and cheques, to the adoption of a digital payment scheme for the convenience of the city’s residents. “LANDBANK helps us move faster towards digitalization, ensuring transparency, accountability, and a more efficient delivery of services to our people,” said Zamboanga City Mayor John M. Dalipe. Mayor Dalipe and LANDBANK Vice President Lina K. Pacio led the signing of the Memorandum of Agreement (MOA) to formalize the partnership on 18 July 2023 at the Zamboanga City Hall. They were joined by City Legal Officer Atty. Haydee Panganiban and LANDBANK Zamboanga (Main) Branch Head Assistant Vice President Laneli F. Elum, along with other LANDBANK officers. Prior to this new partnership, LANDBANK has been servicing the various banking needs of the Zamboanga City LGU through its digital banking products and services. This includes the online remittance of the LGU’s taxes via the LANDBANK Electronic Tax Payment System (eTPS), and the facilitation of fund transfer and bills payment via the LANDBANK weAccess, the Bank’s internet banking facility for institutional clients. In support of the National Government’s push for digitalizing local government transactions, LANDBANK has already onboarded 449 LGUs as partner merchants to the Link.BizPortal as of end-June 2023. For the first six months of 2023, the Bank’s online payment facility has facilitated a total of 4 million transactions with value amounting to P6 billion.
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READ MOREAs of Fri, May 2, 2025
| Buying | Selling | |
|---|---|---|
| USD | 55.4 | 55.9 |
| JPY | 0.376062 | 0.390629 |
| EUR | 61.664004 | 64.057767 |
| GBP | 72.538526 | 75.35443 |
| HKD | 7.116675 | 7.647847 |
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 |
