(left photo) Barili Mayor Julieto N. Flores (4th from left) and LANDBANK East Visayas Branches Group Senior Vice President Khurshid U. Kalabud (1st from left) lead the inauguration rites for the new LANDBANK Barili Branch in Barili Cebu, while (right photo) Basilan Governor Jim H. Salliman (4th from left), Lamitan Mayor Rosita U. Furigay (3rd from left), Lamitan Vice Mayor Roderick H. Furigay (2nd from left), and LANDBANK West Mindanao Branches Group Vice President Lina K. Pacio (5th from left) inaugurate the new LANDBANK Lamitan Branch in Lamitan City, Basilan. The Land Bank of the Philippines (LANDBANK) officially inaugurated two (2) new branches on the same day last November 27, 2020—one in the Municipality of Barili in the Province of Cebu, and another in the City of Lamitan in the Province of Basilan. The state-run Bank now has a total of 414 branches and extension offices across all 81 provinces nationwide, further extending its reach to serve more unbanked and underserved areas. “We hope that LANDBANK’s continuous expansion in Barili and Lamitan City will provide additional touchpoints for our priority clients, especially our farmers and fishers, while helping draw more investors, create businesses, and generate more local employment. Rest assured of our strong commitment to collaborate and support development programs that will accelerate economic activities and rehabilitation efforts in these localities,” said LANDBANK President and CEO Cecilia C. Borromeo. LANDBANK is the first and only universal Bank in the 2nd class municipality of Barili serving a total of 42 barangays, including the neighboring municipalities of Dumanjug and Aloguinsan. This is LANDBANK’s 20th branch in the Province of Cebu, complemented by 99 ATMs. The Barili Branch is also expected to serve over 13,200 farmers and fishers in the area, as well as more than 12,400 beneficiaries under the Conditional and Unconditional Cash Transfer (CCT/UCT) Programs of the Department of Social Welfare and Development (DSWD). Barili Mayor Julieto N. Flores and LANDBANK East Visayas Branches Group Senior Vice President Khurshid U. Kalabud led the Barili Branch inauguration rites. They were joined by Barili Vice Mayor Lusito L. Ponsica, Chief of Police PCPT Romeo Caacoy, Jr., and Barili Municipal Councilors Ranuldo Bolo and Ana Maria Ewican. "Thank you very much LANDBANK that of all the Municipalities, you opened a nice branch here in Barili with a state-of-the-art building. We assure you that our 42 Barangays will open an account with LANDBANK. I am also happy that you practice localization, hiring personnel coming from the Municipality of Barili," said Mayor Flores. Meanwhile, the LANDBANK Lamitan Branch will facilitate efficient, safe, and secure banking transactions for Lamiteños, that will also service the banking needs of the municipalities of Tuburan, Akbar, Al-Barka, Tipo-tipo, Sumisip, Ungkaya Pukan, Tabuan Lasa, and Hadji Mohammad Ajul. The inauguration of the Lamitan Branch was led by Basilan Governor Jim H. Salliman, Lamitan Mayor Rosita U. Furigay, Lamitan Vice Mayor Roderick H. Furigay, and LANDBANK West Mindanao Branches Group Vice President Lina K. Pacio. They were joined by LANDBANK officials, namely Zamboanga City Lending Center Head Vinicius S. Hamoy, Basilan Branch Head Christopher T. Ceniza, and Lamitan Branch Head Analyn S. Ramirez. “Being affected by the pandemic, it is very reassuring to know that we have a partner who can truly help us. So, for this branch, we hope for significant growth and development that will further our already brightened economy. On behalf of the City Government of Lamitan, I would like to thank LANDBANK for all the support and we hope to have a long and fulfilling partnership ahead,” said Mayor Furigay. The Lamitan Branch will complement the operations of Basilan Branch in Isabela City, alongside eight (8) ATMs spread across the province. 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 MORECALOOCAN CITY – Land Bank of the Philippines (LANDBANK) forged a partnership with Caloocan City LGU to usher an efficient collection of the City’s Real Property Tax (RPT) and Quarterly Business Tax (QBT) collection through the Bank’s Link.BizPortal. The Link.BizPortal is LANDBANK’s electronic payment facility that allows clients from both the government and private sectors to pay for products and services via the internet. In a virtual launch held last November 24, Caloocan City Mayor Oscar Malapitan emphasized that this partnership with LANDBANK aims to streamline the payment process of government fees as part of the City’s Computerization of Revenue Generation and Financial Management System Project. “We believe that through this project, we will be able to bring uninterrupted and timely services for the people of Caloocan City,” Malapitan said during the said virtual launch attended by more than a hundred barangay leaders of the City. With Link.BizPortal, residents of Caloocan City can now pay their Real Property Tax and QBT (in full please) obligations at their convenience with just a few clicks on their computers or mobile devices. Additionally, this will help decongest the foot traffic in City Hall and provide relief from the hassles of queuing and over-the-counter payments. Online payment has become essential while operating in the new normal. “As we continue to follow social distancing requirements due to the pandemic, the LANDBANK Link.BizPortal effectively responds to the growing demand for safe and digital financial solutions,” said LANDBANK North NCR Branches Group Head Senior Vice President Marilou Villafranca. Also present during the virtual launch of the online payment scheme was Bureau of Local Government Finance (BLGF) Executive Director Niño Raymond Alvina who expressed his support for Caloocan City’s vision to digitize the payment of government fees for the safety and convenience of its constituents. “This is what Secretary Carlos G. Dominguez of the Department of Finance and we at BLGF have long been advocating for: For our LGUs to invest in Information Technology to make frontline services and transactions more comfortable, faster, hassle-free, and modern,” said Alvina. The LANDBANK Link.BizPortal is the Bank’s response to the National Government’s call for a National Retail Payment System, which also supports the “eGov Pay” payment solution of the Bangko Sentral ng Pilipinas. As of September 2020, the Portal has already facilitated a total of 1.47 million transactions with a total volume of Php3.5 Billion, which is 26% more compared to the same period last year, from over 700 merchants nationwide that are enrolled in the system. Access the LANDBANK Link.BizPortal for convenient online payment to your chosen merchants through the Bank’s official website (www.landbank.com) or directly visit www.lbp-eservices.com. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), and Twitter (@LBP_Official).
READ MORERepublic Act No. 9201 or the National Human Rights Consciousness Week Act of 2002 was enacted proclaiming December 4 to 10 to be the country’s National Human Rights Consciousness Week. This celebration aims to raise the awareness of the people on the basic and fundamental human rights and propagate a human rights culture towards a sustainable development in the country.
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 MOREJasaan Mayor Redentor S. Jardin (center) and Acting Municipal Treasurer Florilinda H. Caparas (right), sign two (2) loan agreements with LANDBANK Capistrano Branch Head Assistant Vice President Josephine B. Mercadal (left) and LANDBANK Cagayan de Oro Lending Center Account Officer Ramil C. Lumayag (standing, left) to finance the upgrading of water system facilities and the construction of a sanitary landfill and slaughterhouse in the municipality. JASAAN, Misamis Oriental – The Land Bank of the Philippines (LANDBANK) and the Municipal Government of Jasaan, Misamis Oriental recently entered into two (2) loan agreements totaling P300 million for the expansion of the municipality’s water system and the construction of a sanitary landfill and slaughterhouse facilities. Mayor Redentor S. Jardin and LANDBANK Capistrano Branch Head Assistant Vice President Josephine B. Mercadal led the loan signing together with Acting Municipal Treasurer Florilinda H. Caparas and LANDBANK Cagayan de Oro Lending Center Account Officer Ramil C. Lumayag on October 28, 2020. LANDBANK granted the local government unit (LGU) a P150 million term loan to upgrade Jasaan’s water system facilities and address the municipality’s dwindling water supply. The expansion project aims to benefit around 7,723 households from six (6) barangays with efficient and uninterrupted potable water supply. The loan will finance the construction of a Level-3 water system to connect secondary pipelines to Level-3 household connections. This will complete the series of upgrades implemented by the Jasaan LGU under its Potable Water Supply System Project. LANDBANK also granted the LGU another P150 million term loan for the construction of a Category-1 Sanitary Landfill which will ensure the proper disposal of residual and hazardous wastes from the community. The project will involve the excavation of two (2) hectares of land, including the construction of drainage, gas ventilation, leachate, septic, hazardous waste and electrical systems, an administration building and a perimeter fence. The LGU is also looking to expand the landfill by 10 more hectares. In addition, a portion of the loan will be used to purchase several equipment for daily landfill operations. The loan will also finance the construction of a class “AA” slaughterhouse that will upgrade Jasaan’s existing 100-square meter facility from accommodating up to 20 heads to 100 heads of hogs and cattle per day. Soon, farmers and raisers in the municipality will no longer travel far to accredited slaughterhouses in Cagayan de Oro City and Manolo Fortich for their needs. “Even in the past, LANDBANK has been very accommodating and has supported our vision for Jasaan. With their assistance, we were able to establish our new municipal hall building and SIDARC water supply projects that continues to serve the citizens of Jasaan. Now, with the approval of our new loans, we are looking forward to bringing uninterrupted water services to the people and provide basic services for our constituents,” said Mayor Jardin. LANDBANK has been a trusted partner of Jasaan LGU since 1993. In 2007, LANDBANK provided the LGU a P22.7-million term loan for the construction of the municipal hall building and a P29.71-million term loan for the establishment of its SIDARC water system. “Working together is not something new to LANDBANK and LGUs. We recognize that LGUs are catalysts for positive change by bringing sustainable development in their respective localities,” said LANDBANK President and CEO Cecilia C. Borromeo. Supporting local development Through its financial services, LANDBANK supports LGUs in delivering local programs and projects geared towards accelerating inclusive and sustainable countryside development. As of October 31, 2020, LANDBANK has extended P51.59 billion in outstanding loans to LGUs nationwide. This includes P17.18 billion for agri-aqua projects and P2.37 billion for utility projects of LGUs. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), or visit the LANDBANK website (www.landbank.com).
READ MOREPromo 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 MOREThe SM Store - Mastercard Promotion – Shop & Win P5,000 Cash Back With Your Mastercard October 15 to December 31, 2020 Eligibility The Promotion is open to all principal and supplementary cardholders of Mastercard credit, debit, and prepaid cards issued in the Philippines. To join the Promotion, cardholder must use a valid Mastercard card for a minimum Php5,000 single receipt purchase at any participating branch of The Store. Straight and installment transactions using a valid Mastercard card in-store and through Call-To-Deliver-Service are eligible for the promotion. Cardholders whose accounts are suspended or terminated are not eligible to join the promotion. The Promotion Mechanics and Conditions A minimum P5,000 single receipt purchase (straight or installment transaction) at any branch of The SM Store nationwide gives the cardholder a chance to instantly win back P5,000 worth of SM Gift Cards. There will be 3,000 winners of P5,000 SM Gift Cards nationwide. Promo Period is from October 15 to December 31, 2020, while claiming of prizes will be from October 15 to March 1, 2021. Upon completing the minimum single-receipt transaction of P5,000 using Mastercard, SM transaction receipt will display and generate the following coupon indicating whether or not the customer wins an instant prize. Winning and non-winning message For winning transaction Congratulations! You’ve won back P5,000 worth of SM Gift Card in Mastercard Shop & Win P5,000 Cashback Promo at The SM Store. Please proceed to the Customer Service Counter for details on how to claim your prize. Terms & conditions apply. See posters for details. Promo period: October 15 to December 31, 2020. Per DTI Fair Trade Permit No. FTEB-105551, Series of 2020. For non-winning transaction Enjoy shopping at The SM Store with Mastercard Shop & Win P5,000 Cashback Promo for a chance to win back P5,000 worth of SM Gift Card. See posters for details. Promo period October 15 to December 31, 2020 Per DTI Fair Trade Permit No. FTEB-105551, Series of 2020. Prize is non-convertible to cash. How to claim the prize: For Instore Transactions - winner (Cardholder) must present the following documents at the Customer Service Counter of The SM Store where the transaction was made. Branch Marketing Manager/Customer Service Manager must verify the winning transaction prior to awarding of prize to the cardholder: Winning Transaction Receipt Winning charge slip Winning Stub Winning Credit Card (Mastercard) Valid ID For Call To Deliver Transactions –The SM Store Branch rider/designated driver will release/deliver the prize to the winner. Winner must surrender and sign the original winning stub. 10. The Transaction receipt and winning charge slip should be marked/stamped “CLAIMED” upon release of prize. 11. Cardholder can only claim his/her prize at the same branch of The SM Store where transaction was made. 12. The SM Store and Mastercard will not replace lost or damage prizes caused by the winner (cardholder). 13. The SM Store and Mastercard Philippines reserves the right to disclose and publish names, photos and other information of the winners in any mode or manner as they deem appropriate. 14. Employees of The SM Store, Mastercard, and its accredited advertising agencies and suppliers, and their family relatives up to 2nd degree of consanguinity or affinity are disqualified from participating in the promotion. Per DTI Fair Trade Permit No. FTEB-105551 , Series of 2020
READ MOREOffer period: 1 September 2020 to 31 December 2020 Offer: Free delivery with minimum spend of P2,000 Promotion code: Mastercard Redemption: Enter promo code “Mastercard” upon check out via www.metromart.ph Dedicated URL (web only): https://www.metromart.com/promos/mastercard For Paid Ads & Boosted Post, may direct to: https://metromart.onelink.me/VP9n/mastercard (web/ios/android) Terms and conditions: 1. Free Delivery is applicable to all Mastercard credit cardholders. 2. Free Delivery promo for a minimum purchase requirement of P2,000.00 3. A Mastercard credit card issued in Philippines must be saved in user’s MetroMart account and used for payment. 4. Free Delivery is applied at checkout page when promo code “MASTERCARD” is entered with valid Mastercard credit card. 5. Free Delivery voucher is not exchangeable for cash, credit or other goods and services. 6. Free Delivery voucher can be used for unlimited times per account unless fully redeemed for the month. 7. Free Delivery voucher cannot be applied retroactively and cannot be used in conjunction with any other Promo and discount that requires a voucher code. 8. Free Delivery is available in Metro Manila, Cebu, Cavite, Laguna and Batangas. 9. Voucher is applicable site wide within MetroMart website & app given the said minimum purchase requirement. 10. The use of voucher code is subject to MetroMart Terms and Conditions.
READ MOREAn artist’s perspective of the three-storey municipal hall of the Municipality of Nunungan in Lanao del Norte, expected to be completed next year through a P40-million term loan from the Land Bank of the Philippines (LANDBANK). (inset) Nunungan Mayor Marcos M. Mamay (3rd from left) and Treasurer Leonides B. Seronio (2nd from left) sign a loan agreement with LANDBANK Lanao Lending Center Head Nena P. Mendoza (1st from left) and Account Officer Virginia C. Gallego (4th from left) to finance the construction of the new municipal hall. NUNUNGAN, Lanao del Norte – Nestled in the hinterlands of Lanao del Norte, this third-class municipality is now getting more attention as an eco-tourism sanctuary and an investment haven down south. With the recent completion of the town’s national road concreting project—seamlessly connecting its 25 barangays—the journey of Nunungan towards a more progressive community is well underway. As part of its vision to better serve its constituents and accommodate its growing visitors, tourists and investors, the Municipal Government of Nunungan aspires to have a modern, spacious and well-structured municipal hall. And backed by Land Bank of the Philippines (LANDBANK), the construction of the building becomes possible, and will likely be completed by next year. This developed after the local government signed a P40-million term loan agreement with LANDBANK last September 9, 2020 for the construction of a three-storey municipal hall in Sitio Bobong, Barangay Katubuan. The loan signing was led by Nunungan Mayor Marcos M. Mamay and Treasurer Leonides B. Seronio, together with LANDBANK Lanao Lending Center Head Nena P. Mendoza and Account Officer Virginia C. Gallego. “Ito ang pinakamatagal na naming plano, na magkaroon kami ng modern municipal hall. Knowing na competitive na ang Nunungan dahil sa mga tourist attractions, pinagsisikapan talaga namin na magkaroon ng bagong municipal hall. Madaming dumadayo dito pero wala tayong maayos na municipal hall for accommodating them and their needs,” said Mayor Mamay. Once completed, the new municipal hall will be a significant part of the municipality’s vision of creating a government center with a grandstand, health center, fire station, and outdoor courts, among others, which Mayor Mamay envisions as another landmark site in the town, and will bring greater convenience to local residents who need to transact with various government offices. The new hall will likewise serve as a facility to accommodate the existing and potential investors of the municipality. These investors are also expected to benefit from the unified services of the local government, especially in processing business permits. Prior to the P40-million loan, the local government also borrowed a total of P75.2 million from LANDBANK in 2015 which was used to acquire heavy equipment that includes a six-wheeler dump truck, 10-wheeler dump truck, prime mover, low bed trailer, motor grader, vibratory compactor, and bulldozer. These are being utilized for the construction of new roads across the town, and the periodic maintenance of existing roads to ensure easy access to farms and timely transport of goods to the market. “We at LANDBANK commit ourselves to improving the lives of all Filipinos by providing the needed financial support of LGUs in rolling out development projects in their localities. We always look at our LGUs as valuable allies in promoting development that is inclusive and sustainable,” said LANDBANK President and CEO Cecilia C. Borromeo. Aside from delivering intensified support to the agriculture sector, LANDBANK has been supporting local government units (LGUs) across the country to accelerate local growth. As of October 31, 2020, LANDBANK has extended loans to LGUs amounting to P51.59 billion, with P17.18 billion of this representing loans to finance agri-aqua projects, including farm-to-market roads, slaughterhouses, and irrigation systems. For more updates, please Follow, Like and Share the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), Twitter (@LBP_Official), or visit the LANDBANK website (www.landbank.com).
READ MOREAs of Fri, April 25, 2025
| Buying | Selling | |
|---|---|---|
| USD | 56.25 | 56.75 |
| JPY | 0.388752 | 0.403776 |
| EUR | 63.163815 | 65.607824 |
| GBP | 73.988728 | 76.851588 |
| HKD | 7.223177 | 7.761414 |
As of Thu, April 24, 2025
| UITF | NAVPU |
|---|---|
| Cash Management Fund | 1.557366 |
| Money Market Fund | 1.310646 |
| PERA Money Market Fund | 1.023632 |
| Medium-Term Bond Fund | 2.470334 |
| Bond Fund | 2.024273 |
| PERA Bond Fund | 1.198883 |
| Balanced Fund | 2.585336 |
| Growth Fund | 2.562157 |
| Alpha Equity Fund | 2.96484 |
| Blue Chip Equity Fund | 0.954534 |
| Equity Fund | 0.773163 |
| High Dividend Equity Fund | 1.002938 |
| US$ Money Market Fund | 1.431822 |
| Global $ Fund | 1.518293 |
| Money Market Plus Fund | 1.223015 |
