The Land Bank of the Philippines (LANDBANK) has approved loans totaling P30.96 billion as of end-January 2022 to help cooperatives and local businesses recover from the impact of the COVID-19 pandemic. Through the I-RESCUE (Interim REhabilitation Support to Cushion Unfavorably affected Enterprises by COVID-19) Lending Program, LANDBANK has supported a total of 687 borrowers, composed of 462 micro, small and medium enterprises (MSMEs), 115 cooperatives, 105 large enterprises, and five (5) microfinance institutions (MFIs). “LANDBANK recognizes the crucial role of local businesses to ramp-up the country’s ongoing economic recovery. We will continue to provide timely and accessible credit assistance to serve their financial requirements amid the pandemic and beyond,” said LANDBANK President and CEO Cecilia C. Borromeo. Launched in April 2020 at the height of quarantine restrictions to stem the rising COVID-19 infections, the I-RESCUE Lending Program aims to provide credit and loan restructuring assistance to businesses adversely affected by the pandemic, under more flexible terms and conditions. Under the Program, eligible borrowers may loan up to 85% of their emergency or permanent working capital requirements, with an affordable interest rate of 5% per annum for three (3) years, subject to annual re-pricing thereafter, and payable up to 10 years with a maximum of two (2) years grace period on the principal repayment. The Program also offers a sub-credit facility for MSMEs and cooperatives, as well as self-employed individuals duly registered with the Department of Trade and Industry (DTI) and the Securities and Exchange Commission (SEC), classified to be critically affected by the pandemic. The LANDBANK I-RESCUE Lending Program is available until December 31, 2022. 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 MOREState-run Land Bank of the Philippines (LANDBANK) sold P87.8 billion or more than 19% of the recently concluded Retail Treasury Bonds Tranche 27 due 2027 (RTB-27). The Bureau of the Treasury (BTr) raised a total of P457.8 billion for this issue. Proceeds from the issuance will fund the country’s COVID-19 recovery measures, construction of infrastructure projects, refinancing of existing debts, and other key national expenditures toward advancing economic development and resilience. “LANDBANK’s active participation in the RTB-27 offering is in line with our continued support to the National Government in ramping-up socio-economic development initiatives. We are one with the whole nation in rising towards the new economy,” said LANDBANK President and CEO Cecilia C. Borromeo. From 15 to 28 February 2022, LANDBANK sold the RTB-27 through traditional over-the-counter placements in its branches nationwide and via its various online investment channels, allowing more Filipino retail investors to participate in the said offering safely and conveniently. More than P66 million in sales were processed through the LANDBANK Mobile Banking App, and almost P19 million through the LANDBANK portal via the BTr Online Ordering Facility. More than P13 million was facilitated through the mobile banking app of the Overseas Filipino Bank (OFBank)—the official digital bank of the Philippine government and a subsidiary of LANDBANK. The RTB-27 is a low-risk investment instrument with a coupon rate of 4.875% per annum, offered at a minimum investment of P5,000 and in multiples of P5,000 thereafter. Interest payments will be paid quarterly during the term of the bond. LANDBANK is Joint Lead Issue Manager for the RTB-27 issuance, as part of its continued support to advancing greater financial inclusion and raising the state’s resources for emergency, recovery, and resiliency programs.
READ MOREJeepney drivers have successfully claimed their Pantawid Pasada cash cards loaded with P6,500 fuel subsidy at LANDBANK Cubao Branch in Quezon City on 18 March 2022, as part of the National Government’s support intervention to PUV drivers amid the rising fuel prices. The driver-beneficiaries can use the cash cards to purchase fuel at participating fuel stations nationwide. About 87,500 jeepney drivers nationwide have already received fuel subsidy worth P6,500 each, as Land Bank of the Philippines (LANDBANK) ramps up support to public utility vehicle (PUV) drivers challenged by the sudden rise in fuel prices. LANDBANK, in close coordination with the Department of Transportation (DOTr) and the Land Transportation Franchising and Regulatory Board (LTFRB), has credited fuel subsidies totaling P569 million for existing Pantawid Pasada cash cardholders under the Fuel Subsidy Program as of 17 March 2022. More than 377,000 PUV driver-beneficiaries are eligible to receive the subsidy under the Program. “LANDBANK is one with the National Government in providing immediate support interventions to PUV drivers to weather the impact of the fuel price surge. We are working closely with the DOTr and LTFRB to complete the distribution of the fuel subsidy to all beneficiaries nationwide at the soonest time possible,” said LANDBANK President and CEO Cecilia C. Borromeo. Apart from jeepney drivers, the Fuel Subsidy Program beneficiaries also include drivers of UV express units, minibuses, buses, shuttle services, taxis, tricycles, and other full-time ride-hailing and delivery services nationwide. Beneficiaries without Pantawid Pasada cash cards will be provided cash cards at designated LANDBANK branches as identified by the LTFRB. The Pantawid Pasada cash cards can be used to purchase fuel at participating fuel stations nationwide. LANDBANK continues to partner with national government agencies to ensure the timely, safe and efficient delivery of financial interventions to eligible beneficiaries, as part of the Bank’s commitment to serving the nation.
READ MOREShop at Lazada using your Visa card and enjoy Php 100 OFF I. Qualifications • The Promo is valid on regular and sale items at Lazada. • Purchase must be made on select dates from January 1, 2022 12:00 am to March 31, 2022 11:59 pm Philippine time, except on March 27. • Discount applies with a minimum spend of P2,500, charged to Visa Credit, Debit and Prepaid Card. Discount is capped at P100. • Discount can be availed through a voucher code to be applied on purchases in Lazada and is open to new and existing Lazada customers. Customers should use the voucher code VISA100OFF to avail the discount. • Discount will apply when the voucher is entered at the Payment Page and the eligible Visa Credit, Debit and Prepaid Card is selected as the payment option. Customer must check if voucher is applied before proceeding to final check-out. • Discount is not applicable to digital goods, stores with digital goods product/s, milk products for 3 years old below (under the Milk Code) and other goods from blacklisted sellers set by Lazada. II. How to Avail 1. Open the Lazada website (www.lazada.com.ph) or download the Lazada app for free via App Store for Apple users or Google Play store for Android users. 2. Select the item/s you wish to purchase then click “Add to Cart”. Prepare your card details for the transaction 3. Click the Shopping Cart icon on the right, topmost portion of the screen to view all the items on your Shopping Cart. 4. Select the item/s you wish to purchase and once you have reviewed the items on your Shopping Cart, click “Check Out” 5. Input the voucher code on the checkout page to apply the discount. Enter your shipping and billing information and select the credit card as payment 6. Enter your Visa Credit/Debit/Prepaid Card details and make sure to check if the discount was applied to total billing before proceeding to place the order. 7. Click “Place Order” to complete the transaction. III. Terms and Conditions 1. Discount can be used only once throughout the valid promo period. 2. Discount is applicable to all Visa Credit/Debit/Prepaid Cardholders. Maximum discount is P100. 3. Discount is applied automatically at the checkout only when the voucher has been successfully applied on the order. 4. Discount is not exchangeable for cash, credit or other goods and services. 5. Discount amount cannot be applied retroactively. 6. Discount is not applicable to items marked “Voucher code not applicable on this item”. 7. Applicable only to eligible Visa card BINs and eligible items. 8. All cancelled orders will not be valid for re-instatement of voucher codes. 9. Payment codes cannot be used with other collectible or static code discount vouchers. 10. The use of the voucher is subject to the Lazada Voucher Terms and Conditions. IV. Customer Support For questions or clarifications, please contact Lazada Customer Care by clicking the chat button at http://www.lazada.com.ph/contact.
READ MOREGet 10% bonus Razer Gold when you use Visa Promo Mechanics • The promotion is valid only from 4 Feb 2022, 00:00:00 to 30 Apr 2022, 23:59:59 (PH Time). • Promo is valid in Philippines only. • The promotion is only applicable for users who reload Razer Gold wallet using VISA. • A valid Razer ID and a Razer Gold account are required to qualify for the promotion. • During the promo period, users who reload Razer Gold account using VISA will get 10% bonus Gold. • User can get 10% bonus Gold, up to P1000 per transaction. • Minimum wallet reload to get bonus Gold is P1,000. • Bonus Gold will be credited to user's Razer Gold account automatically. • All bonus Gold credits will have a validity of two (2) months from the date of reloading into users’ Razer Gold Wallets and will expire if it is not utilized. • Razer will not be responsible for any loss of PINs, credits, in-game items, and/or purchased items after successful payment transactions have been made. • Razer Gold reloads and purchases made with Razer Gold are non-refundable, non-transferable, or non-exchangeable for cash. • Please submit a support ticket to Razer Gold Customer Support should there be any issues during the transaction with Razer Gold. • Razer reserves the right to suspend or terminate any Razer Gold transactions which are found to be fraudulent or abusing the promotion. • Promotion terms and conditions are subject to change at Razer’s sole discretion without prior notice. • Other terms and conditions apply. Please visit Razer Gold Terms of Service for more information. DTI Fair Trade Permit No. FTEB-134648, series of 2022.
READ MOREIn line with the National Women’s Month celebration this March, the Land Bank of the Philippines (LANDBANK) reported that its gender and development (GAD) budget attribution reached more than 50% of its corporate operating budget (COB) for 2022. LANDBANK’s GAD budget attribution is an all-time high and an exponential increase from 9.33% in 2021, meant to further mainstream GAD in the Bank’s policies, programs, and activities. As part of its continued commitment to advance gender equality and women empowerment, the state-run Bank’s unprecedented GAD budget is expected to translate to the delivery of more inclusive and gender-responsive services, especially for unbanked and underserved women in the country. This initiative also forms part of LANDBANK’s compliance with Republic Act No. 9710 or the Magna Carta of Women (MCW), which requires that at least 5% of the COB be attributed to GAD, as overseen by the Philippine Commission on Women (PCW). “LANDBANK has made significant strides in promoting GAD initiatives. We shall continue to sustain and intensify these efforts to mainstream gender equality and women empowerment, which includes exploring avenues for integrating gender-sensitive policies in all our processes and programs,” said LANDBANK President and CEO Cecilia C. Borromeo. LANDBANK’s GAD budget for 2022 will fuel the roll-out of GAD-related programs, such as client consultations on gender needs, conduct of gender sensitivity trainings, and evaluation of lending programs for the advancement of GAD. LANDBANK also supports the National Government’s gender mainstreaming agenda through the creation of Regional GAD Focal Point Systems, grant of leave benefits under the MCW, and adoption of activities recommended by PCW, among others. Lastly, the Bank actively supports the implementation of Republic Act No. 11313 or The Safe Spaces Act through information campaigns on zero-tolerance of gender-based sexual harassment in the workplace and other public areas. For more details about LANDBANK’s GAD initiatives, visit the LANDBANK GAD Corner on its official website at www.landbank.com/gad-corner.
READ MOREPresident Duterte’s all-out support for the Land Bank of the Philippines (LANDBANK) through a capital infusion that is the largest compared to the combined amounts that the institution had received under previous administrations has expanded financial inclusion among Filipinos and provided better services to the underserved sectors of the economy, Finance Secretary Carlos Dominguez III has said. Dominguez said that at the homestretch of the Duterte administration, LANDBANK’s total equity will have grown to P230.4 billion by end-April, which represents a 160-percent increase from its P88.7-billion capital when the President took office in 2016. This feat has made LANDBANK the second largest universal bank and the bank with the highest paid-in capital in the country, Dominguez said. The state-run lender’s financial strength under President Duterte has been used to provide low-interest loans to underserved sectors, especially small farmers and fisherfolk; and extend support to broad sections of the economy, such as healthcare, education, power generation and distribution, water, transportation, and housing, said Dominguez who is also LANDBANK chairman. He said LANDBANK has extended financing support for the construction of over 200 hospitals and the procurement of more than 20,000 patient beds. “Early in your administration, I asked for your permission to allow the Land Bank of the Philippines to expand its asset base and scope of services. You not only gave your permission but also your total support to enable LANDBANK to achieve these goals. It is your administration, Mr. President, that has infused the largest amount of capital into LANDBANK compared with the combined amounts under all other administrations,” Dominguez said during LANDBANK’S historic turnover of 1.36 billion shares of common stock to the government. These new shares of stock in the name of the Republic of the Philippines is worth P136.2 billion. President Duterte received the stock certification from LANDBANK on behalf of the government at Malacañan Palace Monday night. Dominguez said LANDBANK’s capital increase has been prudently managed and used, as the President instructed, to extend more loans to the agriculture sector. By year-end 2021, LANDBANK’S loan portfolio for the agriculture sector stood at P247.9 billion, an 80-percent increase from the P137.6 billion in 2015, Dominguez said. To assist the President in realizing his goal of inclusive and sustainable growth, LANDBANK is also the biggest lender to the local government units (LGUs). “The robust capital infusion reinforced LANDBANK’s financial strength and allowed it to be an effective partner of the government in advancing its development agenda. We have used that strength to better serve the Filipino people,” Dominguez said. LANDBANK’S total equity of P88.7 billion in 2015 steadily rose when President Duterte took office, from P152.49 billion in 2019 to P177.64 billion in 2020, and to P207.68 billion in 2021. “On behalf of the men and women of LANDBANK, I would like to thank you, Mr. President, for the strongest support any President has provided for this institution,” Dominguez said. Dominguez said LANDBANK’s support to other sectors of the economy “will help revive our enterprises and stimulate domestic economic activity.” On top of fulfilling its role as a policy bank, Dominguez said LANDBANK also took the lead in modernizing the banking sector by being instrumental in the establishment of the Overseas Filipino Bank (OFBank), officially the first branchless digital-only bank in the country that now serves overseas Filipinos in 116 countries. “Through your fulfilled promise to our workers abroad, they can now open bank accounts anywhere in the world, conveniently send money to their families, and save as well to grow their hard-earned incomes. They don’t have to go to a branch, they only have to use their cellphone or computer,” Dominguez said. Dominguez also cited LANDBANK’S successful merger with the financially ailing United Coconut Planters Bank (UCPB) that took effect last March 1. “I am pleased to report, Mr. President, that it has successfully implemented this merger with no major glitches or problems. Through the merger, we have reduced the risk of around 87 billion pesos in potential losses for the Philippine Deposit Insurance Corp. (PDIC) by putting the financially weak UCPB under the financially strong LANDBANK,” Dominguez said. He commended outgoing LANDBANK President-CEO Cecilia Borromeo; Executive Vice Presidents Liduvino Geron, Carel Halog, Julio Climaco, Alan Bornas; and Senior Vice President Benjamin Bongolan for their almost three years of hard work and participation in making the LANDBANK-UCPB merger deal happen. Dominguez said that as the distribution arm of the government’s social protection programs, LANDBANK’S cash transfers of P45.5 billion in 2015 to a total of 4.4 million beneficiaries grew to P133.6 billion in 2021 that benefited 10 million recipients nationwide. “LANDBANK’s role in this effort served us well during the pandemic. The Bank will be instrumental in cushioning the impact of the Russia-Ukraine conflict for the most vulnerable sectors of the economy, because the amount you approved of 500 pesos per vulnerable family per month for 6 months will be coursed through LANDBANK. They will be the one to distribute the money through the bank accounts,” Dominguez said. In helping achieve President Duterte’s goal of financial inclusion, LANDBANK provided bank accounts for 7.2 million previously unbanked national ID registrants, and will provide 6.3 million more bank accounts for unbanked Filipinos. “This is the most effective instrument in building a truly inclusive financial system,” Dominguez said. “Overall, I am happy to report that LANDBANK continues to be strong, stable and professionally managed,” he added. This article was lifted from DOF's website (www.dof.gov.ph)
READ MOREShop at Lazada's Epic 10th Birthday Sale using your Visa card to enjoy an extra Php 200 OFF! Promo Mechanics Qualified Cards: Visa Credit, Debit and Prepaid Cards (including all issuers) VISA x LAZADA EPIC 10th BIRTHDAY SALE Promo Period: March 27 to 29, 2022 1. The Promotion is open to all issuers of active Visa Principal or Supplementary Credit, Debit and Prepaid Cardholders. 2. Promo Offer: Shop at Lazada during our Epic 10th Birthday Sale using your Visa card to enjoy an extra Php 200 OFF! • The Promo is valid on regular and sale items at Lazada. • Purchase must be made from March 27, 2022 12:00 am to March 29, 2022 11:59 pm Philippine time. • Discount applies with a minimum spend of P3,500, charged to Visa Credit, Debit and Prepaid Card. Discount is capped at P200. • Discount can be availed through a voucher code to be applied on purchases in Lazada and is open to new and existing Lazada customers. Customers should use the voucher code VISA10BDAY to avail the discount. • Discount will apply when the voucher is entered at the Payment Page and the eligible Visa Credit, Debit and Prepaid Card is selected as the payment option. Customer must check if voucher is applied before proceeding to final check-out. • Discount is not applicable to digital goods, stores with digital goods product/s, milk products for 3 years old below (under the Milk Code) and other goods from blacklisted sellers set by Lazada. 3. Purchase must be made using an eligible Visa Credit, Debit and Prepaid Card from March 27 to 29, 2022. 4. Payment codes cannot be used with other collectible or static code discount vouchers. 5. Transaction must be made within the Promo Period to avail of the Promo. 6. The Promo is valid at Lazada Philippines Smartphone mobile app and website. HOW TO AVAIL 1. Open the Lazada website (www.lazada.com.ph) or download the Lazada app for free via App Store for Apple users or Google Play store for Android users. 2. Select the item/s you wish to purchase then click “Add to Cart”. Prepare your card details for the transaction 3. Click the Shopping Cart icon on the right, topmost portion of the screen to view all the items on your Shopping Cart. 4. Select the item/s you wish to purchase and once you have reviewed the items on your Shopping Cart, click “Check Out” 5. Input the voucher code on the checkout page to apply the discount. Enter your shipping and billing information and select the credit card as payment method. 6. Enter your Visa Credit/Debit/Prepaid Card details and make sure to check if the discount was applied to total billing before proceeding to place the order. 7. Click “Place Order” to complete the transaction. TERMS AND CONDITIONS: 1. Discount can be used only once throughout the valid promo period. 2. Discount is applicable to all Visa Credit/Debit/Prepaid Cardholders. Maximum discount is P200. 3. Discount is applied automatically at the checkout only when the voucher has been successfully applied on the order. 4. Discount is not exchangeable for cash, credit or other goods and services. 5. Discount amount cannot be applied retroactively. 6. Discount is not applicable to items marked “Voucher code not applicable on this item”. 7. Applicable only to eligible Visa card BINs and eligible items. 8. All cancelled orders will not be valid for re-instatement of voucher codes. 9. Payment codes cannot be used with other collectible or static code discount vouchers. 10. The use of the voucher is subject to the Lazada Voucher Terms and Conditions. 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.
READ MOREGet an extra Php 100 OFF on your purchase on Lazada on weekend in our Everyday Birthday Deals with your LANDBANK Visa Debit Card! Promo Mechanics The Promo is valid on regular and sale items at Lazada. Purchase must be made on weekends from March 26 to 27, 2022 from 12:00AM to 11:59PM Philippine time Discount applies with a minimum spend of P1,000, charged to the LANDBANK Visa Debit Card. Discount is capped at Php 100. Discount can be availed through a voucher code to be applied on purchases in Lazada and is open to new and existing Lazada customers. Customers should use the voucher code LBPLAZ100 to avail the discount. Discount will apply when the voucher is entered at the Payment Page and the eligible LANDBANK Visa Debit Card is selected as the payment option. Customer must check if voucher is applied before proceeding to final check-out. Discount is not applicable to digital goods, stores with digital goods product/s, milk products for 3 years old below (under the Milk Code) and other goods from blacklisted sellers set by Lazada. 3. Purchase must be made using an eligible LANDBANK Visa Debit Card during the valid promo period from March 26 to March 27, 2022. Payment codes cannot be used with other collectible or static code discount vouchers. Transaction must be made within the Promo Period to avail of the Promo. The Promo is valid at Lazada Philippines Smartphone mobile app and website. HOW TO AVAIL 1. Open the Lazada website (www.lazada.com.ph) or download the Lazada app for free via App Store for Apple users or Google Play store for Android users. 2. Select the item/s you wish to purchase then click “Add to Cart”. Prepare your card details for the transaction 3. Click the Shopping Cart icon on the right, topmost portion of the screen to view all the items on your Shopping Cart. 4. Select the item/s you wish to purchase and once you have reviewed the items on your Shopping Cart, click “Check Out” 5. Input the voucher code on the checkout page to apply the discount. Enter your shipping and billing information and select the credit card as payment method. 6. Enter your LANDBANK Visa Debit Card details and make sure to check if the discount was applied to total billing before proceeding to place the order. 7. Click “Place Order” to complete the transaction. TERMS AND CONDITIONS: 1. Minimum spend of P1,000 is required. 2. Discount capped at P100. 3. Valid for one-time use per promo weekend per customer. 4. Discount is applied when customer enters eligible LANDBANK Visa Debit Card details. 5. Discount is applied automatically at the checkout only when the voucher code has been successfully applied on the order. 6. Discount is not transferable and may not be converted to cash, credit, kind or similar financial instruments. 7. Discount cannot be applied retroactively. 8. Discount is not applicable to items marked “Voucher code not applicable on this item”. 9. All cancelled orders will not be valid for re-instatement of voucher codes. 10. Payment codes cannot be used with other collectible or static code discount vouchers. 11. The use of promo code is subject to the Lazada Voucher Terms and Conditions. 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.
READ MOREALICIA, Isabela — The first-class municipality of Alicia in Isabela recently began the construction of its new public market bankrolled by a P190-million loan from the Land Bank of the Philippines (LANDBANK). The LANDBANK term loan availed by the local government of Alicia in 2021 has funded the acquisition of a 20,000 sq.m. commercial lot in Barangay Antonino, Alicia, and jumpstarted the construction of the new public market building. The rise of the new public market will decongest the existing market and will provide business opportunities to small and medium enterprises, as well as ambulant vendors in Alicia and its neighboring towns. Aside from the hiring of market administration personnel, the project has also generated jobs for around 230 indirect laborers involved in the development and construction of the building. “LANDBANK is one with our local government partners in providing necessary facilities to support the growth of agri-producers and local entrepreneurs. This forms part of our broader thrust of helping build stronger and more resilient local economies,” said LANDBANK President and CEO Cecilia C. Borromeo. The new public market is set to have eight perimeter rows of stalls or about 172 stalls for dry goods and groceries, and four inside sections of about 108 stalls for fruits and vegetables, including meat and fish sections. The market facility will also be equipped with modern facilities, such as a water sprinkler system, closed-circuit television (CCTV) monitoring system, double drainage canal, steel elevated water tank with deep well water pump, and standby generator set, among others. With LANDBANK’s support, Alicia Mayor Joel Amos P. Alejandro believes that the new public market will hasten commercial and economic growth in the area while catering to the various needs of the community. “Alicia is running twice as fast in good governance, business, and property development to be the next wonderland in the North,” Mayor Alejandro said. With its vast agricultural land and irrigated fields, Alicia is one of the largest rice-producing towns in the region, with palay production dominating its local economy.
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 |
