PROP’s Gawad Oscar Florendo Award of Excellence.
READ MORECited by the World Bank for disbursing CLF I in a record setting of two years, three years ahead of the draw down schedule. This paved the way for the opening of another credit facility, the Countryside Loan Fund II.
READ MOREThe Land Bank of the Philippines is further expanding its retail lending programs as it intensifies its support for small farmers and fishers. “As we seek to reach more farmers nationwide, we are heavily focusing on making retail loans accessible, especially to those who are not members of associations or cooperatives and are unable to obtain loans from formal lending institutions on their own,” said LANDBANK President and CEO Cecilia C. Borromeo. While it continues to channel financing support to the sector through partner conduits such as farmers and fishers’ cooperatives, irrigators’ associations, and countryside financial institutions, the Bank is aggressively strengthening its retail lending programs to provide more individual borrowers with direct access to credit. LANDBANK-funded programs A newly-enhanced direct lending program is the Accessible Funds For Delivery to Agrarian Reform Beneficiaries (AFFORD-ARBs) Program, which will specifically cater to ARBs engaged in production of rice, corn, and high-value crops. The loan can also be used for the acquisition of small farm implements. The Program is a partnership with the Department of Agrarian Reform, which will provide the Bank with a list of ARBs and mobilize borrowers for loan orientation and financial literacy seminars prior to loan release to ensure ARBs are equipped with the basic knowledge to manage their finances and learn about farm planning and budgeting. LANDBANK also implements the Empowering Barangays in Remote Areas through Credit and Enterprise (EMBRACE), a direct lending program with relaxed features and requirements for small farmers and fishers, as well as microenterprises and small enterprises (MSEs) in unserved municipalities. Eligible projects include agricultural crop, livestock, and fishery production, as well as agri-enterprise and other livelihood projects. Support for National Government Programs LANDBANK also continues to strengthen its partnership with the Department of Agriculture as it implements retail lending programs for farmers, in pursuit of the government’s thrust towards improved agricultural productivity. A continuing partnership with DA is on the implementation of the Agricultural Competitiveness Enhancement Fund (ACEF) – a special purpose fund which aims to increase the productivity of individual farmers and fishers, and their cooperatives and associations, as well as MSMEs, through credit assistance. Since the Program was launched in 2018, LANDBANK has already released P96.6 million in loans to 172 borrowers, which helped finance their crop production requirements and purchase of agri-machineries, equipment, and facilities. In line with the implementation of the Rice Tariffication Law, the Bank also works with DA on the Expanded Rice Credit Assistance under the Rice Competitiveness Enhancement Fund. LANDBANK and the Development Bank of the Philippines will each make P500 million in credit assistance available to small palay farmers. The financing assistance will come with minimal interest rate and minimum collateral requirements. LANDBANK also continues to implement the Sikat Saka Program, which provides direct credit and integrated support services to small palay and corn farmers who are members of Irrigators Associations or endorsed by Farmers Organizations. Sikat Saka covers 45 major rice-producing provinces and 11 corn-producing provinces in the country. Since its launch in 2012, the Program has already benefited 16,174 small farmers, with cumulative loan releases at P8.535 billion as of end-April. Outstanding loans of 9,630 farmers as of the same period amounted to P909.93 million. Farmer-borrowers are likewise trained on credit discipline and financial management to teach them how to save, pay loans on time, and better manage their finances. Also a continuing program is the Socialized Credit Program under the Sugarcane Industry Development Act (SIDA) – a direct lending program funded by the Sugar Regulatory Administration specifically targeted at individual sugarcane farmers, block farms, and common service centers. As of April 2019, the Program has so far benefited 276 borrowers, with cumulative loan releases amounting to P27.738 million. “We continue to place utmost priority on providing responsive and relevant programs, especially to our priority sectors, as we work towards promoting growth that is inclusive and sustainable, especially in the countryside,” Borromeo added. Apart from credit support, LANDBANK also provides technical assistance such as financial literacy and capability-building seminars to make sure borrowers are equipped with basic financial knowledge that will allow them to optimize their loans to improve their income and boost their productivity. LANDBANK remains the biggest credit provider to small farmers and fishers among government financial institutions.
READ MOREIn support of the government’s aggressive drive to increase the productivity and income of farmers and fishers through greater access to financing, the Land Bank of the Philippines is pursuing a more focused and direct approach in lending to provide more Agrarian Reform Beneficiaries (ARBs) and individual small farmers with access to credit. “We are committed to vigorously extend our financial support to better serve small farmers and fishers, including ARBs, who need it most. We are strengthening our partnership with the Department of Agrarian Reform and the Department of Agriculture to make sure that we reach the rightful beneficiaries of credit and technical support,” said LANDBANK President and CEO Cecilia C. Borromeo. AFFORD-ARBs LANDBANK put in place a P5-billion direct lending program called Accessible Funds For Delivery to Agrarian Reform Beneficiaries or AFFORD-ARBs, which will specifically cater to ARBs engaged in rice, corn, and high-value crops production. The loan can also be used to finance the acquisition of small farm implements. DAR, as program partner, will provide a list of eligible ARBs that LANDBANK can focus on, and will handle the mobilization of borrowers for loan orientation and financial literacy seminars prior to loan release. Initial target beneficiaries of the Program are the roughly 58,000 recipients of the Certificate of Land Ownership Award (CLOA) distributed from 2016 to 2018. Other eligible CARP beneficiaries based on the list to be provided by DAR shall also be granted credit assistance under the program. True to its name, AFFORD-ARBs comes with affordable interest rate at 6% per annum for short term loans and 7% per annum for long term loans. EMBRACE Another program designed to include as many Filipinos as possible into the fold of formal financial services is the EMBRACE or Empowering Barangays in Remote Areas through Credit and Enterprise Program. This direct lending program gives priority to small farmers who are tilling not more than five hectares of agricultural land and small fishers engaged in small scale fishing, seaweed farming, and aquaculture in unserved municipalities. Also covered in the Program are micro enterprises with asset size of not more than P3 million and small enterprises with asset size of more than P3 million but not more than P15 million. Eligible projects include a wide array of agribusinesses, such as crop production, poultries, backyard piggeries, fishery production, as well as other agri-enterprise and livelihood projects. These programs complement the Bank’s other retail lending programs for farmers and fishers and its menu of credit programs for conduits such as cooperatives, rural banks, non-government organizations, and microfinance institutions which in turn re-lend to small farmers, fishers and microenterprises. Apart from credit support, LANDBANK also provides financial literacy and capability-building seminars to make sure borrowers are equipped with basic financial knowledge that will allow them to manage their finances and boost their income. “While we focus on expanding direct lending to small farmer and fishers, we remain equally committed to maintaining solid relationships with conduits and partners that help us move forward in the pursuit of our mandate. With the ratification of RA11321 or the Sagip Saka Act, we are more than ready to provide responsive financing to farmer- and fisher-enterprises to help improve their income and boost the sector’s productivity,” Borromeo added. LANDBANK remains as one of the biggest credit providers to small farmers, fishers, and MSMEs among government financial institutions.
READ MOREWith the theme “Celebrating Excellence in Public Frontline Service”, the Civil Service Commission (CSC) conferred the award to LANDBANK for quality customer service in compliance to the provisions of the ARTA at the forefront, and for obtaining a 99% rating in the ARTA Report Card Survey.
READ MORELANDBANK President and CEO Cecilia C. Borromeo (second from left) receives the award from Nahlaa Al-Hammadi, Director General of the Oman Ministry of Commerce and Industry. With them are ADFIAP Chairman Mr. Phub Dorji (second from right) and Oman Development Bank CEO Dr. Abdulaziz Mohammed Al-Hinai. LANDBANK’s Volunteerific Program was recognized as an Outstanding Development Project under the Corporate Social Responsibility category of the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) Awards 2019. It is among the 29 development programs recognized by the ADFIAP in recent ceremonies held in Oman. Public service is second nature to Landbankers – as employees of a government institution with a unique social development mandate. The organization’s strong spirit of volunteerism is a concrete manifestation of its brand of service culture. The Volunteerific Program was institutionalized as a vital component of the Bank’s core value of social responsibility. It allows employees to not only participate in the Bank’s Corporate Social Responsibility (CSR) programs but also initiate their own volunteerism activities and consequently inspire others to be more socially aware and responsible. In 2018, the Volunteerific Program engaged a total of 86.23% or 8,158 out of the 9,482 Landbankers nationwide to participate in and initiate their own volunteer activities – with the most number of total volunteer hours clocked in at around 46 hours. More than 500 activities were conducted by Landbankers all over the country last year, including watershed adoption; solid waste management and water quality improvement initiatives for coastal areas and other water tributaries; repair and repainting of schools; and skills and knowledge sharing to indigent communities. By voluntarily donating a portion of their salaries every year, Landbankers also help fund the Bank’s Gawad Patnubay Scholarship Program (GPSP) which supports the education of more than 100 scholars taking-up agriculture and agriculture-related courses in college. LANDBANK volunteers also dedicate their free time as trainers under the Education-to-Employment (E2E) Internship component of GPSP. The E2E gives graduates opportunities to develop professional strengths through seminars and hands-on field training—all geared toward helping them ease into agriculture-related professions. Landbankers also champion environmental sustainability with initiatives such as the LANDBANK Ecobrick program which fosters the practice of ecobricking among the Bank’s employees. In 2018, the program produced 3,500 ecobricks from 900,000 grams of plastic waste, making LANDBANK the top ecobricking community in the world. To date, the Volunteerific activities of Landbankers continue to multiply and are creating extensive impact on communities near and far. More than just providing dole-outs the Program has provided the Bank’s employees with avenue to share their time and extend wholehearted service to communities in need. Recognitions Since 2016, the Program has won for the Bank several awards and commendations. In LANDBANK was recognized by the Philippine National Volunteer Service Coordinating Agency (PNVSCA) under the National Economic and Development Authority (NEDA) as the only government agency with an established volunteerism program for employees, and was conferred the National Outstanding Volunteer Award for the Corporate-Institution category last December 2018. The program also bagged an Award of Excellence in Communication Management: Community Relations category of the 2018 Philippine Quill Awards.
READ MORETupi Mayor Reynaldo Tamayo Jr. and spouse Mrs. Rochelle Tamayo (fourth and fifth from left) pose with LANDBANK President and CEO Cecilia C. Borromeo (third from left), Executive Vice President for Branch Banking Liduvino Geron (left-most), and First Vice President for East Mindanao Branches Group Camilo Leyba (fifth from right). With them are Tupi Branch Head Mary Beth Kalabud (second from left), Vice Mayor Noel Escobillo (third from right) and other Tupi LGU officials. Tupi, South Cotabato Mayor Reynaldo Tamayo Jr. and LANDBANK President and CEO Cecilia C. Borromeo led the inauguration of the Bank’s new branch in Tupi located at the Municipal Hall Compound in Barangay Poblacion. This was Mrs. Borromeo’s first branch inauguration since she re-joined LANDBANK as its President and CEO last March 1. “The opening of this new branch forms part of our aggressive thrust to expand our network as we seek to bring banking services closer to our clients,” said Borromeo. LANDBANK Tupi Branch is the first commercial bank in the municipality, and is the Bank’s 10th in the province. This brings its nationwide branch network to 398, which is targeted to reach 410 by the end of the year – with 12 more new branches in the pipeline. Digitization thrust In line with LANBANK’s commitment to provide accessible and responsive customer service, Borromeo said among the Bank’s priority thrusts this year is to improve branch operations through digitization. Part of the Bank’s efforts towards digitization is the implementation of the Digital Onboarding System (DOBS), a web application it launched in 2018 that enables clients to accomplish account enrolment forms online, thereby shortening account opening time. Within four months of implementation, DOBS is now utilized in 104 of the Bank’s branches across the country which reported significant reduction in account opening time from 30 minutes to 10-15 minutes. The Bank targets full implementation of DOBS Phase 1 to all its branches by third quarter of the year. DOBS Phase 2 will link the system to the Bank’s website which will allow individual (including Overseas Filipinos) and institutional clients to fill out account opening forms and upload IDs and documents online, prior to proceeding to the branch to complete the account opening process. The implementation of DOBS makes LANDBANK the first universal bank in the country that offers this service to both individual and institutional clients, including government agencies. Borromeo further urged the local government of Tupi and other clients of the branch to avail of the LANDBANK Link.Biz Portal, especially this tax payment season. Link.Biz Portal is an electronic payment facility that allows payment for taxes, application fees, and other dues and charges in government and non-government institutions. “These are just some of our initiatives but we will continue to make the best use of technology to streamline our processes, improve operational efficiency, and provide our clients with faster, safer and more convenient service,” Borromeo added.
READ MORELANDBANK Executive Vice President Julio D. Climaco, Jr. receives the LEED v4 Gold Certificate for the LANDBANK Plaza from Ecosolutions President and CEO Engr. Felipe Agustin (second from right). They are joined by (from right) LANDBANK Vice President for Facilities and Procurement Services Dina Melanie Madrid, Accredited Professional of LEED for BO+M Arch. Kristina Samantha Pobre, Ecosolutions LEED Green Associate Arch. John Paul Efe, LANDBANK Facilities Management Department Head Ramil Remillano and Architect Christine Joy Laroza. The LANDBANK Plaza in Malate, Manila was recently conferred with the Leadership in Energy and Environmental Design (LEED) v4 Gold Certification. This makes the Bank the first in the country to receive the latest version of the certification under the “Building Operations and Maintenance (BO+M): Existing Buildings” classification. LANDBANK is also the first government-owned and-controlled corporation with a facility awarded an LEED certification for Existing Buildings, while its head office remains one of the country’s top seven pioneering projects that have been successfully certified. Designed by the US Green Building Council (USGBC), LEED is the most widely used green building rating system to assess environmental compliance in terms of sustainability, energy conservation, water reduction, air quality and materials, and resources. “LANDBANK has remained consistent in incorporating environmental management practices in all aspects of our operations, services, and decisions. This LEED v4 Gold Certification is thus a welcome recognition of our continuing commitment to implement green practices and to lower our environmental impact,” said LANDBANK Executive Vice President Julio D. Climaco, Jr. Improvements implemented by the Bank include: (1) reuse of treated water from Sewage Treatment Plant (STP) for cleaning/ washing of pavements and exterior areas of the building; (2) replacement of existing water meters and sub metering to improve water consumption monitoring and quick resolution of leakage or misuse; (3) installation of energy-efficient lighting fixtures in all work areas; (4) replacement of defective air condensing units to more energy-efficient equipment; and (5) provision of alternative transportation for employees through e-jeepney service vehicles. Since the implementation of these and other innovations, the LANDBANK Plaza saw substantial decrease in water and electricity consumption, while cost savings increased. The Bank also implements building exterior and hardscape management, environmentally preferred purchasing policy, integrated pest control management, solid waste management, and green cleaning programs, among other policies and practices. Since 2004, LANDBANK has maintained an Environmental Management System (EMS) at par with global standards, with its head office and 39 of its branches now ISO 14001:2004-certified while EMS good practices are consistently implemented across all of its branches and field units.
READ MOREPromo Period: Every Monday from May 20 – July 29, 2019. 12 noon – 2pm only. Promo Offer For a minimum spend of Php 1500, Mastercard users can get 12% off capped at Php 300 every Monday. Code is valid for 1x use every Monday, or a maximum of 11 uses within the promo period. How to Avail Shop via Lazada mobile app during the promo period Select the item/s you wish to purchase then click “Add to Cart”. Enter your shipping information. Select the credit card as payment method and enter your Mastercard card details In the payment page, under order summary, click “Apply Here” after the question “Have voucher code?” and enter code MASTERCARDMONDAYS. Terms and Conditions Discount is applicable to all Mastercard card holders. Discount is tagged with a maximum cap of Php 300.00 Discount is valid for 1x use every Monday, or 13x throughout the promo period. Discount is valid between the hours of 12 noon – 2pm only. Discount is applied at checkout page when voucher code is entered. Discount may not be converted to cash. Discount cannot be applied retroactively. Discount is applicable to any product except those marked “Voucher code not applicable on this item”. The use of promo code is subject to the Lazada Voucher Terms and Conditions. Customer Support For questions or clarifications, please contact Lazada customer service at (02) 795 8900 or message: https://www.lazada.com.ph/contact/ Per DTI FTEB Permit No. 7957 Series of 2019
READ MOREI. Promotional fares 1. Promotion is open to cardholders of Philippine-issued Mastercard credit, debit or prepaid cards and KrisFlyer members. Non-Mastercard cardholders can pay in cash. 2. Promotional fares are valid for travel out of Manila via Singapore Airlines, and Cebu and Davao via SilkAir, with sale period from 21 April - 5 May 2019 (both dates inclusive) and travel period 28 April - 30 September 2019. 3. Advertised all-in fares include the price of the air ticket as well as associated taxes and surcharges, except Philippine travel tax, correct as of 20 March 2019. 4. Seven (7) days advance purchase applies. 5. Ticket validity: Region Minimum stay Maximum stay Singapore 3 days 14 days Southeast Asia / North Asia 30 days Southwest Pacific and Europe 45 days West Asia and Americas 60 days 6. For Premium Economy Class fares, the travel between the Philippines (Manila/Cebu/Davao) and Singapore is on Economy Class while the travel between Singapore and the advertised destination is on Premium Economy Class. 7. The baggage allowance is as follows: Cabin Class Economy Class 30kg Premium Economy Class 35kg Business Class 40kg Free baggage allowance of 7kg (Hand carry). Any excess in checked baggage is subject to applicable fees. 8. Fares are priced round-trip per passenger and are non-refundable. 9. No child rates. Adult fares apply. 10. Fares are subject to seat availability, flight restrictions, and currency fluctuation. 11. Stopover in Singapore (24 hours and beyond) is permitted once, inbound or outbound. 12. Fare rules and ticket restrictions of the regular fares apply. For complete details, visit http://www.singaporeair.com/en_UK/sg/flying-withus/fare-types/ 13. Qualified Customers with a transit time of at least five hours in Singapore can enjoy a free Singapore city tour. 14. Service fees may apply for bookings made through travel agents. 15. When promotional fares are combined with regular fares on a half round trip basis, the strictest rules apply. 16. These Promo fares are eligible for KrisFlyer miles. The Qualified Customer must be a KrisFlyer member to earn flight miles for his/her travel. 17. Qualified Customers shall ensure that they have the appropriate documentation to depart/enter/transit their destination. Singapore Airlines and MasterCard shall not be responsible for any refund or any associated cost if Customer shall be denied entry to a country of transit or destination. 18. All KrisFlyer program rules apply. To review the rules, please visit www.krisflyer.com 19. Other Singapore Airlines and SilkAir terms and conditions found in www.singaporeair.com/SQMOMENTS, as well as terms and conditions of the Fare Promotion approved by the Civil Aeronautics Board, shall apply. 20. To enjoy the fare promotion, customers can book tickets through the following channels: a. singaporeair.com or the SingaporeAir mobile app using promo code SQMOMENTS b. Singapore Airlines and SilkAir ticketing offices and reservation hotlines c. Accredited travel agents Value add: I. USD100 OFF ON SWEETESCAPE Special Offer: Enjoy USD100 off on any 2-hour photoshoot package of SweetEscape from 21 April – 5 May 2019 2019 with your Mastercard using a promo code, when you purchase any Singapore Airlines or SilkAir ticket from 21 April – 5 May 2019. Term and Conditions: 1. The USD100 discount offer is open to Mastercard cardholders who purchase any ticket under the “Capture Priceless Moments” promotion from 21 April – 5 May 2019, for travel from 28 April to 30 September 2019, through singaporeair.com, SingaporeAir Mobile App, Singapore Airlines and SilkAir ticketing and reservations offices or through accredited travel agents. 2. The USD100 discount is valid for 2-hour photoshoot packages only, across all available destinations of SweetEscape. 3. Booking period on SweetEscape is from 21 April – 5 May 2019 only. Photoshoot period on SweetEscape is from 28 April to 31 October 2019 only. 4. The 2-hour photoshoot package includes a locally-based photographer in the selected destination and 40 downloadable photos. 5. Passengers must be travelling on Singapore Airlines/SilkAir-operated (SQ/MI) flights, ticketed by SQ and/or MI, or on itineraries consisting of SQ/MI cross-selling into Scoot (TR) segments. Those on complimentary, interline or industrydiscounted tickets are not eligible. 6. To avail, passengers must visit www.sweetescape.com, select any destination with a 2-hour photoshoot package, enter their details and key in the promo code at the payment page. 7. The promo code is the first three digits of the e-ticket plus these four letters “SQMC”. Promo Codes are 618SQMC and 629SQMC. 8. Change, cancellation and refund policies of SweetEscape apply on the photoshoot packages. For complete terms and conditions, visit https://www.sweetescape.com/en/terms-and-conditions 9. For bookings and inquiries, please visit SweetEscape’s website at www.sweetescape.com or download their app. For other terms and conditions, visit singaporeair.com/SQMOMENTS
READ MOREAs of Thu, June 19, 2025
| Buying | Selling | |
|---|---|---|
| USD | 56.85 | 57.55 |
| JPY | 0.386465 | 0.401335 |
| EUR | 64.363801 | 66.848651 |
| GBP | 75.253664 | 78.158931 |
| HKD | 7.215887 | 7.75286 |
As of Wed, June 18, 2025
| UITF | NAVPU |
|---|---|
| Cash Management Fund | 1.567055 |
| Money Market Fund | 1.318249 |
| Money Market Plus Fund | 1.230686 |
| PERA Money Market Fund | 1.027957 |
| Medium-Term Bond Fund | 2.481467 |
| Bond Fund | 2.026902 |
| PERA Bond Fund | 1.201009 |
| Balanced Fund | 2.674433 |
| Growth Fund | 2.643801 |
| Alpha Equity Fund | 3.091873 |
| Blue Chip Equity Fund | 0.976162 |
| Equity Fund | 0.814599 |
| High Dividend Equity Fund | 1.024096 |
| US$ Money Market Fund | 1.438105 |
| Global $ Fund | 1.537131 |
