LANDBANK recently increased to P20 billion the fund available for local government units (LGU) to help revitalize their economies affected by the lockdowns imposed against the Covid-19 pandemic. The state-owned Bank’s RISE UP LGUs (Restoration and Invigoration package for a Self-sufficient Economy towards UPgrowth for LGUs) Lending Program—launched in July this year— was provided an initial fund of P10 billion to support provincial, city and municipal LGUs in the implementation of their local economic recovery plans. “LANDBANK has long established a solid partnership with the LGU sector, and we recognize their critical role as a catalyst in bringing sustainable development in their respective localities. Now more than ever, let me underscore our continued commitment to support all LGUs in revitalizing the local economy one town, one city, and one province at a time,” said LANDBANK President and CEO Cecilia C. Borromeo. In a virtual program of the Union of Local Authorities of the Philippines (ULAP) entitled, “#FORWARD Strategy Dialogue Series on Rekindling Local Economic Growth,” Borromeo shared that LANDBANK is gearing up to finance more LGU projects with lower interest rates. As of October 2, P4.37 billion in loans have been approved for 25 LGUs, while another P17.6 billion for 34 LGUs are currently being processed for approval under the RISE UP LGUs Program. The facility has a fixed interest rate of 4 percent per annum until December 31, 2022. In terms of total loans to the LGUs, Borromeo said that as of September 15, 2020, outstanding loans have reached P51.5 billion, covering 43 provinces, 81 cities, and 502 municipalities. Under Republic Act 11494 or the “Bayanihan to Recover as One Act,” the Bank has also been allotted a P1-billion interest subsidy for new and existing loans secured by LGUs. Hosted by ULAP National President and Governor Dakila Carlo E. Cua, the virtual program forms part of the dialogue series focused on “putting fiscal order in place for local economic recovery.” Featured resource speakers included Department of Finance (DoF) Secretary Carlos G. Dominguez III, Department of the Interior and Local Government (DILG) Undersecretary Epimaco V. Densing III, DoF Assistant Secretary Antonio G. Lambino II, Bureau of Local Government Finance (DOF-BLGF) Executive Director Niño B. Alvina, and Development Bank of the Philippines (DBP) President and CEO Emmanuel G. Herbosa. In addition to providing financing, LANDBANK also serves the growing needs of LGUs for more accessible, safe, and convenient electronic banking channels. As of August, a total of P219.3 million in Real Property Taxes, Real Estate Taxes, and business permit payments from 110 LGUs were collected and facilitated through the LANDBANK Electronic Payment Portal and Express Payment System. As a depository bank, LANDBANK is serving all 146 cities and 81 provinces in the country. 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 MORELand Bank of the Philippines (LANDBANK) has extended a total of P51.3 billion in outstanding loans to 639 local government units (LGUs) as of end-September 2020, as it ramps up support to the LGU sector which are the frontline entities tasked to lead in the recovery efforts post Covid-19. Part of this amount was made available through LANDBANK’s RISE UP LGUs (Restoration and Invigoration package for a Self-sufficient Economy towards UPgrowth for LGUs) Lending Program, which was launched in July, to support LGUs in the implementation of their local economic recovery plans In an online webinar, "Tapping Credit Financing for Robust Local Economic Growth: Successful LGU Ventures and Innovations," held last October 28, LANDBANK President and CEO Cecilia C. Borromeo reiterated the solid partnership between the Bank and LGUs, and its impact to Filipino families and communities across the country. The virtual event, hosted by the Bureau of Local Government Finance (BLGF) under the Department of Finance (DOF), forms part of the BLGF’s 33rd Anniversary Learning Session series entitled, “BLGF i3: Information, Inspiration, Insights.” “Working together is not something new to LANDBANK and LGUs. As early as 1992, LANDBANK resumed lending to LGUs after the enactment of the LGU Code in 1991. We recognized that LGUs are catalysts for positive change by bringing sustainable development in your respective localities,” President Borromeo said, referring to local executives present in the session. Alongside extending loans, LANDBANK also serves as the primary depository bank of LGUs. All 81 provinces, 146 cities, and 1,478 out of the 1,488 municipalities in the country maintain deposit accounts with LANDBANK. President Borromeo said that the Bank has been working hard to have the remaining 10 municipalities included in the LANDBANK ecosystem by the end of the year. LANDBANK also provides digital payment platforms to help LGUs boost their collection rate. As of September 2020, a total of P226.7 million in Real Property Taxes, Real Estate Taxes and business permit payments from 126 LGUs were collected and facilitated through the LANDBANK Electronic Payment Portal and Express Payment System. The LANDBANK RISE UP LGUs Lending Program is made available to eligible LGUs at a loan amount depending on their project requirements, provided that the total loan exposure (including the proposed loan under the program) should not be more than its Net Borrowing Capacity per BLGF computation or certification. “This is a very good time for the LGUs to consider accessing the credit facilities or the lending programs of the GFIs (Government Financial Institutions), because we are now experiencing a very low interest rate regime,” President Borromeo said during the session’s open forum. Under Republic Act 11494 or the “Bayanihan to Recover as One Act,” the Bank has also been allotted a P1-billion interest subsidy for new and existing loans secured by LGUs.
READ MORELabo Progressive Multi-Purpose Cooperative officers led by General Manager Mario Espeso (6th from left) with LANDBANK Officers and staff led by Senior Vice President Lucila E. Tesorero (5th from left). (inset) Workers process freshly-picked pineapples into world-class products. LABO, Camarines Norte – From its humble beginnings as a small group of public market vendors who started a paluwagan (an informal savings-and-lending group) back in 1987, the Labo Progressive Multi-Purpose Cooperative (LPMPC) has since grown to become one of the largest cooperatives in Camarines Norte and a leading force in pineapple farming and trading in the province. The co-op’s turning point happened in 1995 when a powerful typhoon devastated the province. It was also that year when its partnership with the Land Bank of the Philippines (LANDBANK) came into fruition. “When typhoon Rosing tore down LPMPC’s office that year, LANDBANK helped us out with a loan to purchase the 1.3-hectare piece of land where our new office now proudly stands,” recalled General Manager Mario Espeso. Today, LPMPC’s main headquarters now features a training center and several other buildings for its financing and agribusiness projects such as organic fertilizer, virgin coconut oil, and handmade paper production. LPMPC is a recognized pioneer in integrated pineapple production and processing. Knowing fully well the importance of value chain, the group purchases pineapples produced by farmer-members which are then processed into various pineapple products under the brand name “Queench”. The Queench line includes pineapple juice drinks, jams, dried pineapple, and jellies. Trained LPMPC craftsmen also produce pineapple fiber from the leaves that are then made into handmade paper and hand-woven cloth marketed as Formosa Manos. Even at the height of the government-imposed lockdowns caused by the COVID-19 health crisis, LPMPC continued to safely buy the produce of farmer-members or match them with buyers. This provided its members a steady source of income, the pandemic notwithstanding. LPMPC also provides job opportunities for locals, hiring employees for their credit and savings operations, and workers for the various agri-enterprises, including weavers and hand scrapers of pineapple leaves. Inmates of three (3) nearby district jails serve as fiber knotters and are given an extra source of income while serving time. The co-op has expanded to include four branches and one satellite office across the province catering to its more than 7,000 members. It also took over the management of the Agri-Pinoy Trading Center, the Provincial Agricultural Trading Center in Camarines Norte. Over the last 25 years, LANDBANK serves as one of LPMPC’s major partners in growth. Aside from financing the co-op’s working capital requirements, LANDBANK—through its subsidiary, the LANDBANK Countryside Development Foundation, Inc. (LCDFI)—conducts free capacity-building seminars and offers skills training and cooperative management scholarships for members. LANDBANK recognizes the importance of co-ops in local development, particularly in the agriculture sector. As of August 2020, the Bank’s outstanding agricultural loans reached P224.66 billion, of which P20.86 billion was extended to 1,081 cooperatives and farmers’ associations. For more information about the LANDBANK’s Lending Programs, contact the nearest open LANDBANK Lending Center or Branch nationwide, or call LANDBANK’s customer service hotline at (02) 8-405-7000 or at PLDT Domestic Toll Free 1-800-10-405-7000.
READ MOREBataan Governor Albert S. Garcia (3rd from left) and LANDBANK Central Luzon Branches Group Head First Vice President Sylvia C. Lim (4th from left) lead the official inauguration of the new LANDBANK Bataan Capitol Branch-Lite at The Bunker in Balanga City, Bataan. Joining them are (from left to right) LANDBANK Balanga Branch Head Nenita C. Lopez, Bataan Vice-Governor Ma. Cristina M. Garcia, Balanga Mayor Francis Anthony S. Garcia, and LANDBANK Bataan Capitol Branch-Lite Head Mark Michael Y. Apaya. BALANGA, Bataan – The Land Bank of the Philippines (LANDBANK) officially inaugurated on October 28, 2020 the Bataan Capitol Branch-Lite as it continues to expand its branch network to provide banking services to the public despite the ongoing COVID-19 pandemic. With the opening of the LANDBANK Bataan Capitol Branch-Lite, the state-run bank now operates 411 branches and extension offices strategically located across the country’s 81 provinces. This is complemented by 51 Lending Centers and 2,263 ATMs nationwide. “LANDBANK remains aggressive in bringing banking services closer to unbanked and underserved areas in the country. During these challenging times, Filipinos need safer, faster and more convenient access to financial services. We are committed in fulfilling this, while ensuring the health and safety of our clients and personnel,” said LANDBANK President and CEO Cecilia C. Borromeo. The inauguration was led by Bataan Governor Albert S. Garcia and LANDBANK Central Luzon Branches Group Head First Vice President Sylvia C. Lim. They were joined by Bataan Vice-Governor Ma. Cristina M. Garcia, Balanga Mayor Francis Anthony S. Garcia, LANDBANK Balanga Branch Head Nenita C. Lopez, and LANDBANK Bataan Capitol Branch-Lite Head Mark Michael Y. Apaya. The LANDBANK Bataan Capitol Branch-Lite will serve as an extension office of the Balanga Branch to help provide banking services to the entire province of Bataan, the 25 barangays of the City of Balanga, and various government agencies. This first LANDBANK branch-lite in the province is also expected to service the 236 farmers from Balanga, as well as the 1,025 beneficiaries of the Department of Social Welfare and Development (DSWD) under its Listahan and Social Pension programs. “With the City of Balanga’s steady progress through the years, it is but fitting that we at LANDBANK strengthen our presence here. Through this branch-lite, we hope to further contribute to the growth and development of Balanga and the entire Province of Bataan,” said LANDBANK FVP Lim. “Natutuwa po ako na nandito na ang LANDBANK to support us. Thank you very much for your continued partnership, trust, and confidence for the City of Balanga, the Province of Bataan, and our people,” Bataan Governor Garcia said, noting that having a LANDBANK branch in the area helps promote stability and symbolizes a bright future. The LANDBANK Bataan Capitol Branch-Lite will also play a significant part in the Province of Bataan’s vision of creating a “One-Stop-Shop” business center that houses national and local government offices, along with banks and other commercial establishments. LANDBANK clients of the Bataan Capitol Branch-Lite will enjoy the convenience of the Digital Onboarding System (DOBS), a web application that makes the accomplishment of account enrolment forms easier and reduces account opening time to only 10 to15 minutes. Opening an account through DOBS allows automatic enrollment to LANDBANK iAccess for internet banking, the LANDBANK Mobile App for convenient banking transactions through smartphones, and the LANDBANK Link.BizPortal for payment of bills, products and services to the enrolled merchants. LANDBANK now operates a total of five branches in Bataan, with the Bataan Capitol Branch-Lite and Balanga Branch complementing operations in Mariveles, Dinalupihan and Limay. A total of 22 LANDBANK ATMs are also spread across the province to facilitate fast, safe and timely cash transfers and withdrawals for Bataaeños.
READ MOREThe Land Bank of the Philippines (LANDBANK) has started releasing cash grants totaling P717,333,500 or P6,500 each to 110,359 Public Utility Vehicle (PUV) operators, composed of jeepney and bus operators nationwide, under the Cash Subsidy to PUV Operators Program of the Department of Transportation (DOTr) and the Land Transportation Franchising and Regulatory Board (LTFRB). Of the total amount disbursed, P716,826,500 was credited to the existing Pantawid Pasada Program (PPP) fuel cash card accounts of 110,281 Public Utility Jeepney (PUJ) operators on November 16, 2020. The remaining P507,000 was credited to the LANDBANK accounts of 78 Public Utility Bus (PUB) operators last November 17. “LANDBANK, in partnership with the DOTr and LTFRB, made it possible to quickly and safely distribute the cash subsidies to jeepney and bus operators who are challenged by the pandemic. We will continuously work with the transportation department to distribute the remaining cash aid to other beneficiaries the soonest time possible,” said LANDBANK President and CEO Cecilia C. Borromeo. The crediting of cash grants forms part of the Memorandum of Agreement (MOA) signed between LANDBANK, DOTr and LTFRB on October 12, 2020 for the distribution of one-time cash assistance to a total of 178,244 PUV operators through the PPP fuel cash cards, existing LANDBANK accounts, other bank accounts via InstaPay or PESONet, and over-the-counter payouts. Total beneficiaries of the cash subsidy program include operators of 120,000 PUJs, 24,374 UV Express units, 21,998 PUBs, 10,188 Filcabs, 1,259 minibuses, and 425 premium Point-to-Point (P2P) buses who have been heavily affected with the suspension in public transportation operations and reduced ridership due to COVID-19 safety protocols. The funds allocated for the program are part of the budget provided to the DOTr under Republic Act No. 11494 or the “Bayanihan to Recover As One Act.” 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 MOREAs part of measures to help communities bounce back from the impact of the COVID-19 pandemic, the national government, through state-run Land Bank of the Philippines (LANDBANK), is providing an interest rate subsidy of 2% per annum on new and existing loans of Local Government Units (LGUs) for their response and recovery intervention projects for their constituents. The interest subsidy forms part of the provisions of Republic Act No. 11494 otherwise known as the “Bayanihan to Recover as One (BARO) Act” or “Bayanihan 2,” in which LANDBANK has been allotted a P1-billion interest subsidy fund by the national government for loans secured by LGUs. The relief shall be applied to loan interest payments of municipal, city and provincial LGUs until December 31, 2022, or until the interest subsidy fund is fully utilized. To extend the interest rate subsidy to as many LGUs as possible, a maximum interest subsidy equivalent to P10 million has been set for cities and provinces, and P5 million for municipalities. “We strongly encourage our LGUs to make full use of credit facilities subsidized by the national government to bankroll development projects in their respective localities. This will contribute greatly to reviving local economies and helping the country recover from the impact of the COVID-19 pandemic,” said LANDBANK President and CEO Cecilia C. Borromeo. Qualified LGUs may avail of the loan interest subsidy for eligible projects pursuant to the objectives of the BARO Act. These include, but are not limited to, permanent working capital such as for the purchase of agricultural produce, acquisition of equipment, construction of facilities for linking of products to the market such as market infrastructure development and improvement, mobile palengke, collection and buying stations, and other related facilities. LGUs with loans for programs and projects that provide basic and support services, social welfare and healthcare, and other infrastructure activities that aim to bring back confidence of the people and spur the local economy and businesses are also eligible to avail of the interest subsidy. The loan for these projects shall bear a fixed interest rate of 4% per annum until the end of 2022, wherein the remaining 2% interest rate shall be charged to the LGU. Interest rate shall be subject to annual repricing thereafter based on benchmark rate plus applicable credit spread based on credit rating of the borrower, but shall not be lower than 4% per annum. Borrowers may pay their loan up to 15 years inclusive of up to three (3) years grace period on principal payable based on cash flow. The interest rate subsidy will be made available to LGUs with approved accounts under LANDBANK’s RISE UP LGUs (Restoration and Invigoration package for a Self-sufficient Economy towards UPgrowth for LGUs) Lending Program which was launched last July, to support LGUs in the implementation of their local economic recovery plans. As of November 30, 2020, LANDBANK has approved loans to 156 LGUs amounting to P52.27 billion under the RISE UP LGUs Lending Program. Of this amount, P383.5 million has been released to three (3) LGUs. Interested borrowers may contact the nearest open LANDBANK Lending Center or Branch nationwide, or call LANDBANK’s customer service hotline at (02) 8-405-7000 or at PLDT Domestic Toll Free 1-800-10-405-7000.
READ MOREPromo Period: Mondays from October 12, 2020 – December 28, 2020 Qualified Cards: Mastercard Credit, Debit and Prepaid Cards (including all issuing banks) MASTERCARD MONDAYS The Promotion is open to all issuing banks of active Mastercard Principal or Supplementary Credit, Debit and Prepaid Cardholders. Promo Offer: Collect FREE SHIPPING vouchers for use every Monday plus a chance to win Php 20,000 Lazada wallet credits weekly when you shop on Lazada with your Mastercard! The Promo is valid on regular and sale items at Lazada. Purchase must be made on Mondays during the period of October 12, 2020 – December 28, 2020 from 12:00 am to 11:59 pm Philippine time. Free shipping voucher worth Php100 can be applied to a minimum transaction amount of Php 3,000, charged to customer’s Mastercard Credit, Debit or Prepaid Card Promo offer can be availed through a collectible voucher for claiming on the Mastercard Mondays landing page at lzd.co/MCMONDAYS2020 during the valid promo period, and is to be applied on customer’s Lazada purchases. The customer may claim and use only one (1) shipping fee voucher per valid promo day. Use of free shipping voucher is open to new and existing Lazada customers. Voucher is valid for one-time use for each promo day at the Lazada mobile app only. Specific dates are as follows: October 2020 October 12, 19, and 26 November 2020 November 2, 9, 16, 23, 30 December 2020 December 7, 14, 21, 28 Free shipping voucher worth Php 100 will apply when the collectible voucher is applied at the Payment Page and the eligible Mastercard is selected as the payment option. Customer must check if voucher is applied before proceeding to final check-out. Each purchase made during the valid promo period, provided that the free shipping voucher has been collected and applied on the order, and the successful purchase is made using their Mastercard, makes the customer eligible to win PHP 20,000 Lazada credits. Use of the free shipping voucher entitles the customer to one (1) raffle entry to the promo. Raffle draw will be done every succeeding Wednesday after the valid Monday promo period. The announcement of winners will be done every succeeding Saturday after the valid Monday promo period. Schedule is as follows: Valid Promo Day Raffle Draw Announcement of Winner October 12, 2020 October 19, 2020 October 26, 2020 November 2, 2020 November 9, 2020 November 16, 2020 November 23, 2020 November 30, 2020 December 7, 2020 December 14, 2020 December 21, 2020 December 28, 2020 October 14, 2020 October 21, 2020 October 28, 2020 November 4, 2020 November 11, 2020 November 18, 2020 November 25, 2020 December 2, 2020 December 9, 2020 December 16, 2020 December 23, 2020 December 30, 2020 October 17, 2020 October 24, 2020 October 31, 2020 November 7, 2020 November 14, 2020 November 21, 2020 November 28, 2020 December 5, 2020 December 12, 2020 December 19, 2020 December 26, 2020 January 2, 2021 Number of Winners: Twelve (12) winners will be drawn at random; one (1) winner to be selected each week to win Php 20,000 Lazada wallet credits. Raffle draw must be done in the presence of a DTI Representative. Winners will be announced via Lazada platforms and will be contacted by a Lazada representative. Crediting of Lazada wallet credits will be done within thirty (30) days from date of winner announcement Purchase must be made using an eligible Mastercard on valid promo period only. Free shipping vouchers can be used with other collectible vouchers and voucher codes, except for platform shipping fee vouchers. Transaction must be made within the Promo Period to avail of the Promo. The Promo is valid at Lazada Philippines Smartphone mobile app only. HOW TO AVAIL Via Lazada Mobile App Download the Lazada app for free via App Store for Apple users or Google Play store for Android users. Collect the Mastercard voucher on the promo landing page at lzd.co/MCMONDAYS2020 for use on your transaction. Select the item/s you wish to purchase then click “Add to Cart”. Prepare your card details for the transaction Click the Shopping Cart icon on the right, topmost portion of the screen to view all the items on your Shopping Cart. Select the item/s you wish to purchase and once you have reviewed the items on your Shopping Cart, click “Check Out” Select the Mastercard shipping fee voucher to apply the discount. Enter your shipping and billing information and select the credit card as payment method. Enter your Mastercard Card details and make sure to check if the discount was applied to total billing before proceeding to place the order. Click “Place Order” to complete the transaction. TERMS AND CONDITIONS: Free shipping voucher worth Php 100 can be used once each promo day throughout the valid promo period. Free shipping voucher worth Php 100 is applicable to all Mastercard Credit, Debit and Prepaid Cardholders. Free shipping worth Php100 is activated automatically at checkout only when the collectible voucher has been successfully applied on the order. Voucher is not exchangeable for cash, credit or other goods and services. Voucher amount cannot be applied retroactively. Voucher is considered fully consumed regardless if total shipping fee is less than voucher amount. Voucher is not applicable to items marked “Voucher code not applicable on this item”. All cancelled orders by customers will not be valid for re-instatement of voucher codes. To be eligible for the raffle draw, you have to be age 18 or over and be a legal Filipino citizen in the Philippines. To be eligible to receive the Prize, you must satisfy the following requirements: Purchased eligible item/s on Lazada Must have a valid ID that will validate your nationality Lazada reserves the right to award the Prize to someone else if you are unable to satisfy any of the conditions set out in T&Cs. The use of the voucher is subject to the Lazada Voucher Terms and Conditions. Applicable only to eligible credit card BINs and eligible items. Free shipping vouchers 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-106417 Series of 2020
READ MOREImelda Mayor Roselyn V. Silva (center) and LANDBANK West Mindanao Branches Group Head Vice President Lina K. Pacio (right) lead the inauguration and opening of LANDBANK Imelda Branch on December 18, 2020. Joining them are LANDBANK Imelda Branch Head Evelyn M. Fortich (left, front) and Provincial Board Member Allan Escamillan (left, back). IMELDA, Zamboanga Sibugay – The Land Bank of the Philippines (LANDBANK) officially opened its newest branch in this municipality on December 18, 2020, and the third LANDBANK Branch in the Province of Zamboanga Sibugay. The new LANDBANK Imelda Branch joins branches in Ipil and Buug, complemented by 15 ATMs present in the province, in providing safe and uninterrupted delivery of banking services to its residents. LANDBANK now has a total of 415 branches and extension offices across all 81 provinces nationwide. “In light of the ongoing pandemic, LANDBANK continues to partner with Local Government Units to bring safe, reliable, and convenient banking services closer to underserved communities. The Imelda Branch also forms part of LANDBANK’s primary thrust to intensify lending to more small farmers and fishers nationwide,” said LANDBANK President and CEO Cecilia C. Borromeo. Imelda Mayor Roselyn V. Silva and LANDBANK West Mindanao Branches Group Head Vice President Lina K. Pacio led the Imelda Branch inauguration rites. They were joined by Provincial Board Member Allan Escamillan and LANDBANK Imelda Branch Head Evelyn M. Fortich. “Thank you to LANDBANK for supporting the LGU of Imelda, especially for supporting organic farmers in our municipality through affordable lending programs and livelihood training programs conducted by your corporate foundation, LANDBANK Countryside Development Foundation, Inc.,” said Imelda Mayor Roselyn V. Silva. The LANDBANK Imelda Branch will service around 3,760 small farmers and fishers in the area, as well as 60,338 beneficiaries under the Department of Social Welfare and Development’s (DSWD) Pantawid Pamilyang Pilipino Program (4Ps) and Unconditional Cash Transfer (UCT) Program. “In these challenging times, let LANDBANK help in strengthening and accelerating the development of your municipality’s leading and emerging industries. Together, we can work towards the recovery and continued growth of your key sectors, especially agriculture and aquaculture,” said LANDBANK VP Lina K. Pacio. The LANDBANK Imelda Branch will also provide banking services to various government agencies and private clients in the neighboring municipalities of Alicia, Payao and Siay, including the island municipalities of Mabuhay, Talusan, and Olutanga, as well as portions of Diplahan and Malangas. 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 MORESTA. MARIA, Ilocos Sur – State-run Land Bank of the Philippines (LANDBANK) will open its first Agri-Hub in the province of Ilocos Sur, the LANDBANK Sta. Maria Agri-Hub, on January 15, 2021. The LANDBANK Sta. Maria Agri-Hub will provide financial and technical services to the Bank’s clients, especially to more than 10,000 farmers and fisherfolk in the municipalities of Sta. Maria, Burgos, and San Esteban. LANDBANK’s Agri-Hubs are strategically located in the top rice-producing provinces in the country and designed to provide a wide array of services. This includes banking services such as account opening, withdrawals, and check encashments; lending services such as the processing of loan applications; and agrarian services such as processing of AR bonds and handling of agrarian-related concerns from landowners, bondholders, and Agrarian Reform Beneficiaries (ARBs). The LANDBANK Sta. Maria Agri-Hub will also offer LANDBANK’s various digital banking platforms, including the Digital Onboarding System (DOBS) which simplifies the account opening process for new clients to only 10-15 minutes. The Sta. Maria Agri-Hub will have its official inauguration on January 16, Saturday, to be led by Department of Agriculture Secretary William D. Dar, Sta. Maria Mayor Brigido Camarillo, Jr., Burgos Mayor Nathaniel D. Escobar, San Esteban Mayor Ray M. Elaydo II, and LANDBANK North Luzon Branches Group Head First Vice President Ma. Belma T. Turla. The LANDBANK Sta. Maria Agri-Hub is the 5th Agri-Hub to open nationwide, along with four (4) newly opened Agri-Hubs in Calabanga, Camarines Sur; Barotac Viejo, Iloilo; Sual, Pangasinan; and Echague, Isabela. LANDBANK now has a total network of 411 branches and 65 branch-lite units, composed of branch-lites, Agri-Hubs, LEAFs, tellering booths, and FX booths across all 81 provinces. This is complemented with 55 lending centers in strategic areas nationwide. 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 MORE(Top row, L-R) Philippine President Rodrigo Roa Duterte and House Speaker Lord Allan Jay Q. Velasco extend their congratulations during the virtual launch of the LANDBANK Mastercard Prepaid Card for the Tertiary Education Subsidy (TES) Program on January 15, 2021, led by (Bottom row, L-R) LANDBANK President and CEO Cecilia C. Borromeo, CHED and UniFAST Governing Board Chairman J. Prospero de Vera III, and UniFAST Executive Director Atty. Ryan L. Estevez. In partnership with the Commission on Higher Education (CHED) and the Unified Student Financial Assistance System for Tertiary Education (UniFAST), state-run Land Bank of the Philippines (LANDBANK) launched the LANDBANK Mastercard Prepaid Card (LMPC) for the Tertiary Education Subsidy (TES) Program on January 15, 2021. The LMPC is a general-purpose reloadable card for TES beneficiaries that functions as an electronic wallet and can be used as a debit or ATM card. Philippine President Rodrigo Roa Duterte and House Speaker Lord Allan Jay Q. Velasco extended their congratulations through recorded video messages during the launch. “The virtual holding of this ceremony is an affirmation of this administration’s unyielding commitment to make quality tertiary education more accessible for Filipino students, especially now that we are dealing with the COVID-19 pandemic,” President Duterte said. The virtual launch via Facebook Live was led by LANDBANK President and CEO Cecilia C. Borromeo, CHED and UNiFAST Governing Board Chairman J. Prospero de Vera III, and UniFAST Executive Director Atty. Ryan L. Estevez. President Borromeo announced that TES beneficiaries may withdraw their stipend using their LMPC through LANDBANK’s 2,320 ATMs and 411 branches nationwide. “We welcome this opportunity to provide efficient and secure banking services to student-beneficiaries. As your partner bank, we will ensure that the students will receive their monthly stipends in a timely, safe, and convenient manner,” President Borromeo said. Aside from accessibility and convenience, the LMPC also offers cashless payments, electronic funds transfers, and online account management, among others, as part of LANDBANK’s response to the growing demand of safer and digital financial solutions. Moreover, TES beneficiaries will also benefit from the other features of the LMPC such as 3DSecurity for secure online transactions, contactless “tap” payments, and reloading of funds at any LANDBANK branches or Agent Banking Partners across the country. “The LANDBANK Mastercard Prepaid Card that we are launching today will help ease the burden of our TES beneficiaries in receiving their TES amidst the restrictions of COVID-19,” said CHED Chairman De Vera. Also present during the virtual launch were Coordinating Council of Private Educational Associations Managing Director Atty. Joseph Noel M. Estrada, Association of Local Colleges and Universities UniFAST Commission Chairperson Dr. Elena E. Presnedi, and Philippine Association of State Universities and Colleges President Dr. Tirso A. Ronquillo. The TES Program is a joint venture among CHED, UniFAST, and LANDBANK that aims to prioritize support to more than 400,000 students from the poorest of the poor households. It also forms part of the implementation of Republic Act 10931 or the Universal Access to Quality Tertiary Education Act.
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 |
