Promo Mechanics Qualified Cards: Mastercard Credit, Debit and Prepaid Cards (including all issuing banks) Promo Period and Promo Offer Promo Period: December 12-14, 2022 The Promotion is open to all issuing banks of active Mastercard Principal or Supplementary Credit, Debit, and Prepaid Cardholders. Promo Offer: Shop at Lazada using your Mastercard during Lazada's Mega & Double Double Sales in 2022 The promo is valid on regular and sale items at Lazada. Purchase must be made on promo periods indicated from 12:00 am to 11:59 pm Philippine time. Discount applies for a minimum transaction amount of 4,000, charged to the Mastercard Credit/Debit/Prepaid Card. Free shipping promo discount is capped at P400. The discount can be availed through collectible vouchers in 1 day before sale period on the dedicated Mastercard landing page in Lazada platform. Voucher is valid for one-time use only during each sale period at the Lazada mobile app only. Discount will apply when the voucher is selected at the Payment Page and the eligible Mastercard Credit/Debit/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. Purchase must be made using an eligible Mastercard Credit/Debit/Prepaid Card during indicated sales dates only. Dates are as follows: Dec 12-14, 2022. 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 Shipping fee voucher from the Mastercard landing page on Lazada. 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 and applicable shipping fee voucher prior to checking out. Once you have reviewed the items on your Shopping Cart, click “Check Out”. Make sure to check if the discount was applied to total billing before proceeding to check out. Enter your shipping and billing information and select the credit card as payment method. Enter your Mastercard Credit/Debit/Prepaid 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 Shipping discount can be used once throughout the valid promo period. Shipping discount is applicable to all Mastercard Credit/Debit/Prepaid Cardholders. Maximum discount is P400 on shipping fee. Shipping discount is applied automatically at the checkout only when the voucher has been successfully collected. Shipping discount is not exchangeable for cash, credit or other goods and services. Shipping discount amount cannot be applied retroactively. Shipping discount is considered fully consumed regardless if total shipping fee is less than discount amount. The use of the voucher is subject to the Lazada Voucher Terms and Conditions. Applicable only to eligible credit card BINs and eligible items. Voucher 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. Per DTI Fair Trade Permit No. FTEB-156658 Series of 2022.
READ MOREDICT Secretary Ivan John E. Uy (4th from right) and LANDBANK President and CEO Cecilia C. Borromeo (2nd from right) sign the Inter-Government Agency Memorandum of Understanding (MOU) for E-Governance on 2 December 2022 at the Marriot Hotel in Pasay City, Manila, together with (from L-R) MinDa Chairperson Maria Belen S. Acosta, GSIS President and General Manager Jose Arnulfo Veloso, DTI Usec. Herminio C. Bagro III, DILG Usec. Lord A. Villanueva, and SSS President Michael Regino. The Land Bank of the Philippines (LANDBANK) and the Department of Information and Communications Technology (DICT) have partnered to synergize initiatives in ensuring the interoperability of the applications and systems of both institutions. DICT Secretary Ivan John E. Uy and LANDBANK President and CEO Cecilia C. Borromeo formalized the collaboration with a Memorandum of Understanding (MOU) signed during the Inter-Government Agency MOU Ceremonial Signing for E-Governance event on 2 December 2022 at the Marriot Hotel in Pasay City, Manila. Under the MOU, LANDBANK and DICT will harmonize, coordinate, and integrate their Information and Communications Technology (ICT) efforts, which include resource sharing, database building and agency networking linkages. “Our Memorandum of Understanding with the DICT represents another significant step in LANDBANK’s digital transformation journey, leveraging on innovative partnerships and investing in digital solutions to deliver secure financial services and products to our customers,” said President Borromeo. From January to October 2022, LANDBANK’s major digital banking platforms have facilitated a total of 123.3 million transactions amounting to P4.8 trillion, translating to 14% and 156% year-on-year growths in volume and value, respectively. The LANDBANK Mobile Banking App (MBA) for retail customers recorded 97 million transactions amounting to P171.3 billion for 18% and 28% growth rates, respectively. The Bank’s corporate internet banking platform, the LANDBANK weAccess, facilitated 14.2 million transactions worth P3 trillion, representing an unprecedented 664% jump in value from the same period last year. The LANDBANK Electronic Modified Disbursement System (eMDS) for national government partners logged 1.9 million transactions with total value of P1.6 trillion, translating to increases of 17% and 20% in transactions and value, respectively. Meanwhile, the LANDBANK iAccess continued to post a 16% growth in transaction value amounting to P14.3 billion from 4.3 million transactions. The Bank’s web-based payment facility, the LANDBANK Link.BizPortal, likewise continued to record a 50% rise in transaction volume with 4.9 million transactions worth P9.8 billion. Lastly, the LANDBANK Bulk Crediting System (LBCS) facilitated transactions worth P18.9 billion for a significant 608% leap compared to the same period last year.
READ MORELANDBANK Senior Vice President Charlotte I. Conde (2nd from left) and Laconon 100 Multi-Purpose Cooperative (LMPC) Chairperson Rhoda O. Pecadizo (3rd from left) lead the signing of a P212.8-million loan agreement in Surallah, South Cotabato, on 25 November 2022 to finance the co-op’s pineapple production and other agri projects. Joining them from Dole Philippines, Inc. (Dolefil) are Vice President Reynaldo C. Doria (4th from left) and Finance and Supply Chain Director Jesusa Natividad-Rojas (rightmost) for the renewal of another pineapple growership tie-up agreement. SURALLAH, South Cotabato – The Land Bank of the Philippines (LANDBANK) and the Laconon 100 Multi-Purpose Cooperative (LMPC) have signed a P212.8-million loan to finance the co-op’s pineapple production and agricultural modernization efforts, to help sustain the growth of the local pineapple industry in the province. The financial support is expected to boost the production of pineapple farms managed by LMPC, with a combined area of over 1,400 hectares in the Municipalities of T’boli, Surallah, Lake Sebu and Banga. “LANDBANK remains committed to empowering agricultural cooperatives nationwide via accessible financing. Through co-ops like LMPC, we are able to extend a wide range of services and opportunities to farmers and fishers, while contributing to advance local food security,” said LANDBANK President and CEO Cecilia C. Borromeo. Of the total LANDBANK loan, LMPC will utilize P200 million as working capital to support the production requirements of its 445 pineapple farmer-members, including the purchase of farm inputs, while P7.8 million will finance the purchase of two (2) farm tractors and one (1) monitoring vehicle. The vehicles will be used for land preparation and field monitoring to effectively respond to urgent farm needs. The remaining P5-million will be allocated for LMPC’s cassava and corn trading activities. LMPC dealt with financial difficulties due to the unexpected closure of its anchor firm and primary pineapple produce buyer in 2003, but was able to recover with LANDBANK’s credit assistance in 2017. “Sa lahat ng pagsubok na dumating sa LMPC, hindi kami iniwan ng LANDBANK. Kami ay muling nakabangon mula sa pagkalugmok at ngayon ay mayroon na kaming mahigit sa P200 million na loan line para patuloy na maserbisyuhan ang aming mga miyembro at makapagbigay ng hanapbuhay sa komunidad,” said LMPC Chairperson Rhoda O. Pecadizo. LMPC was able to post steady growth in net income and grow its membership with LANDBANK’s timely assistance. The co-op likewise successfully paid 100% of its previously restructured loan with the Bank in 2021 amounting to P32.5 million. During the loan signing event, LANDBANK, LMPC and Dole Philippines, Inc. (Dolefil) also renewed their pineapple growership tie-up covered by a Tripartite Memorandum of Agreement, which was initially implemented in 2017. Under the agreement, LANDBANK will provide credit assistance and other loan support services to LMPC, with Dolefil serving as the exclusive market of the co-op’s pineapple produce while extending technical assistance throughout the whole production cycle.
READ MOREFinance Secretary Benjamin E. Diokno (2nd from left) and LANDBANK President and CEO Cecilia C. Borromeo (3rd from left), together with Finance Undersecretary Bayani H. Agabin (leftmost) and LANDBANK Executive Vice President Liduvino S. Geron (rightmost), lead the signing of a Memorandum of Agreement for the Government Purchase Card (GPC) Program on 06 December 2022 at the DOF Building, Manila. The Department of Finance (DOF) and the Land Bank of the Philippines (LANDBANK) have signed a Memorandum of Agreement (MOA) for the Government Purchase Card (GPC) Program that will facilitate a more streamlined and efficient payment method for the procurement of goods and services. Under the agreement, authorized DOF employees will be provided with a LANDBANK Government Purchase Card to pay for eligible purchases, including travel and representation expenses; miscellaneous small-value purchases; hotel and lodging; computer software, services, and digital context; and fuel, automotive parts, and services, among others. Finance Secretary Benjamin E. Diokno and LANDBANK President and CEO Cecilia C. Borromeo led the ceremonial signing on 06 December 2022 at the DOF Building in Manila. They were joined by Finance Undersecretary Bayani H. Agabin and LANDBANK Executive Vice President Liduvino S. Geron. “The Government Purchase Card or GPC Program of LANDBANK will serve as an important tool that will eliminate procurement lead time, reduce procurement workload, facilitate quicker payments, and reduce administrative costs and time wasted in the liquidation process,” said Secretary Diokno. For her part, LANDBANK President and CEO Borromeo said the GPC Program will further support DOF in improving operational efficiency and promoting transparency in the disbursement of public funds. “We will continue to explore ways and meaningful initiatives in accelerating the country’s digital transformation journey for improved governance,” she added. The GPC Program is a joint initiative of the Bureau of the Treasury (BTr), Department of Budget and Management (DBM), and LANDBANK which aims to promote a convenient, transparent and efficient payment process to further drive public digital financial management. The program helps reduce cash handling by limiting the frequency and amount of cash advances, and shorten the liquidation period of obligations to suppliers of goods and services. It also enables government agencies to develop a database of financial information derived from the transaction records of purchasing card activities that can be used to improve overall financial management. The DOF is the second agency to implement the GPC program, following its successful pilot implementation with the BTr and approval by the Bangko Sentral ng Pilipinas (BSP) for full implementation.
READ MOREBangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla (4th from right) presents a citation to Land Bank of the Philippines (LANDBANK) represented by Assistant Vice Presidents Jose Dela Cruz (2nd from right) and Eunice Sumatra (3rd from right) during the 2022 Outstanding BSP Stakeholders Appreciation Ceremony for Mindanao on 23 November 2022 at the Dusit Thani Hotel in Davao City. The Cash Operations Units of the LANDBANK Branches in Davao City-Recto, Cotabato City and Ozamis City were recognized for supporting the programs and advocacies of the BSP covering the three pillars of central banking, which are price stability, financial stability, and efficient payments and settlements system. Joining them are BSP Monetary Board Member Anita Linda Aquino (leftmost) and BSP Deputy Governor Bernadette Puyat (rightmost).
READ MOREAllan Ayco was one of the first availers of the LANDBANK Sikat Saka Program from Dumingag in 2013, and among the combined 655 rice farmers in Zamboanga del Sur and Zamboanga Sibugay who enjoy a low 2% per annum loan interest rate under the ACEF Lending Program. DUMINGAG, Zamboanga del Sur – Unhappy and longing for his family while working away at sea, Allan A. Ayco decided to disembark from the boat and his former life as a seafarer, returning to his home in Dumingag to make a living cultivating his farmland. But like the other small farmers in town in need of capital, Ayco was forced to deal with informal lenders who charged high interest rates from 10% to up to 20% per month. He felt helpless against the unfair interest rates brought about by the monopoly of the post-production market by informal lenders. But things started to look up for Ayco and other farmers in Dumingag when LANDBANK conducted site visits in the province and offered low-interest loans for production requirements under then newly-launched LANDBANK Sikat Saka Program. “Malaking tulong talaga ang pagpasok ng LANDBANK sa buhay ko. Tuwang-tuwa kami sa Sikat Saka Program. Hindi lang sa mababa ang interes, madali lang din ang proseso ng pag-apply,” said Ayco. Ayco was one of the first farmers in the area to avail of a loan under the Sikat Saka Program. Through the assistance of LANDBANK, Ayco enjoyed low interest of 0.75% to 1.25% per month under the Program from 2013 to 2019. Since joining the formal credit system, Ayco said his income increased with every cropping cycle, allowing him to provide a better life for his family. He was able to save enough income to hire other farmers for planting services, as well as procure tractors and harvesting services that he rented out to other farmers in the area. “Malaking tulong sa amin ang Sikat Saka Program. Kaya nga’t kusang loob akong nanghingkayat rin ng mga katulad kong magsasaka. Sinabi ko na maganda ito. Basta dapat aalagaan mo yung utang mo. Dapat maayos yung pagbayad mo para di siya mawala,” Ayco shared. Aside from accessible financial support, Ayco and the other farmers in the area were also provided with support services and capacity building trainings by LANDBANK and its partner agencies. However, the onset of the pandemic in 2020 closed the borders around the Zamboanga Peninsula and significantly affected their livelihood, which prevented them from renewing their credit line with LANDBANK for the next cropping season. Ayco shared that it was a difficult season. So he was grateful when the health restrictions were finally eased and the LANDBANK Zamboanga del Sur Lending Center reached out to him and other farmers and to introduce the Agricultural Competitiveness Enhancement Fund (ACEF) Lending Program. As a long-time client of the Bank, Ayco was granted financing anew with low interest rates under the ACEF Lending Program to fund his rice production. “Malaki talaga ang pasasalamat namin sa LANDBANK dahil sa naitulong nila sa aming mga magsasaka. Sana magpatuloy pa rin ang pagtulong ninyo sa amin,” Ayco said. The ACEF is a direct lending program administered by LANDBANK in partnership with the Department of Agriculture (DA), which aims to increase the productivity and income of farmers and fishers, their cooperatives and associations, as well as micro and small enterprises (MSEs). The ACEF Lending Program finances farming needs such as the acquisition and establishment of production, post-harvest and processing machineries, equipment and facilities, farm inputs, and improvements. As of 31 October 2022, LANDBANK has released under the ACEF lending program a total of P8.5 billion to support over 32,200 borrowers nationwide. Interested borrowers may contact the nearest open LANDBANK Lending Center or Branch nationwide or call LANDBANK’s customer service at (02) 8-405-7000 or at PLDT Domestic Toll Free 1-800-10-405-7000.
READ MOREBudget Secretary Amenah F. Pangandaman (2nd from left) and LANDBANK First Vice President Reynaldo C. Capa (rightmost), together with representatives from other partner banks, lead the signing of the Memorandum of Agreement for the Online Release of Notice of Cash Allocation (NCA) on 07 December 2022 at the DBM Head Office in Manila. The Department of Budget and Management (DBM) and the Land Bank of the Philippines (LANDBANK) have joined hands for the online release of Notice of Cash Allocation (NCA) to expedite the crediting of funds to government agencies. Budget Secretary Amenah F. Pangandaman and LANDBANK Banking Services Group First Vice President Reynaldo C. Capa signed the Memorandum of Agreement for the Online Release of NCA in the Action Document Releasing System (ADRS) on 07 December 2022 at the DBM Head Office in Manila to formalize the partnership. They were joined by Deputy Treasurer Eduardo Anthony G. Mariño III, Anti-Red Tape Authority Officer-in-Charge Ernesto V. Perez, and representatives from other partner banks. Under the agreement, the DBM and LANDBANK will be working together to institutionalize the release of NCAs in digital format. This will eliminate the unnecessary steps of printing, signing, routing and releasing of printed documents, thus making the funds available for the programs, activities, and projects of agencies in the most immediate time. “LANDBANK is committed to play our role in ensuring a more streamlined and efficient process in releasing NCAs. We will continue to find avenues for collaboration to promote the immediate delivery of efficient and meaningful public service,” said LANDBANK President and CEO Cecilia C. Borromeo. The digital release of NCAs is in line with the implementation of Republic Act No. 8792 or the Electronic Commerce Act of 2000, and Republic Act No. 11032 or the Ease of Doing Business and Efficient Government Service Delivery Act of 2018. LANDBANK has been doing its share in establishing a digital payment ecosystem, as part of promoting the Ease of Doing Business and efficient government service delivery. From January to October 2022, LANDBANK’s major digital banking platforms have facilitated a total of 123.3 million transactions amounting to P4.8 trillion, for 14% and 156% year-on-year growths in volume and value, respectively.
READ MOREPromo Mechanic The Promotion is open to all principal and supplementary cardholders of Mastercard credit, debit, and prepaid cards issued in Philippines. Every minimum spend of Php5,000 single-receipt transaction from SM Store paid using Philippine-issued credit, debit, or prepaid Mastercard gives the cardholder a chance to play and be one of the instant winners of P100,000 Shopping Spree or P1,000 SM Gift Pass. One game may be played per qualified transaction. Promotion period is from October 12 to December 31, 2022. Promotion is open to SM Store customers with transactions made in-store and via card-present personal shopper transactions (or personal shopper transactions done via EFT). Promotion is only available in SM Store. Transactions made in other SM Retail Affiliates are not qualified to join the promo and win any prize. There will be 72 winners of P100,000 (One Winner Per Branch) worth of SM Gift Card and 7,000 winners of P1,000 SM Gift Pass nationwide. Customer journey to play the game: Scan the QR Code at the cashier or go to the promo website URL – mastercardsmstorepromo.com to register (one-time only) with an email address or mobile number. Facebook or Google accounts can also be used for registration. After making a transaction, select the corresponding SM Store location (SM Store branch) then select the transaction type and input the corresponding code: Debit – invoice number Credit - Approval Code Upon successful submission, the game opens up for the customer to play. The Customer plays by shaking the Christmas snow globe. If the Christmas snow globe displays winning face with SM Gift Card, the Customer wins either P100,000 or P1,000 SM worth of Gift Pass/Card. If the Christmas Snowball does not show the winning face, the Customer does not win any prize. The prizes that the Customer has won will be stored in the Prizes tab of the Promo Website. Customer can choose to redeem at any time within the redemption period. Customer can redeem the SM Gift Card/SM Gift Pass in-store by showing the Voucher Code at the SM Customer Service Counter. Customer will need to present the original charge slip for verification purpose. Purchase of cell cards, phone cards, SM Gift Cards, SM Gift Pass, Concert Tickets, Returns, Bills Payment Products, and other products at the Customer Service Counter are not qualified for this promotion. Splitting of transactions is prohibited and shall not be allowed for redemption. Customer may only win one prize per game. To claim the prize, winner must present the following at the Customer Service Counter (BCO) of the SM Store where the transaction was made: Voucher Code Original charge slip (customer copy) of the SM Store transaction Customer Service must verify the original charge slip made at SM Store. Redemption of prizes is from October 12, 2022 until February 28, 2023. Prize is non-convertible to cash. SM Store and Mastercard reserve the right to disclose and publish names, photos, videos and other information of the winners in any mode or manner as they deem appropriate. Employees of 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-151868 Series of 2022.
READ MOREPromo Mechanics Qualified Cards: Mastercard Credit, Debit and Prepaid Cards (including all issuing banks) Promo Period and Promo Offer Promo Period: Dec 21 - 23 , 2022 The Promotion is open to all issuing banks of active Mastercard Principal or Supplementary Credit, Debit, and Prepaid Cardholders. Promo Offer: Enjoy P200 OFF with Mastercard on Lazada’s LazBeauty Fest! The Promotion is open to all active Mastercard Credit, Debit, and Prepaid Cards issued in the Philippines. The promo can be availed by using the promo code MCBEAUTY. Discount applies for a minimum transaction amount of P2,000. Minimum spend applies to total price of selected items in cart prior to any discounts. The Promo is valid only on regular and sale items from the Beauty, Beauty Supplements and Personal Care categories at Lazada. Purchase must be made on December 21-23, 2022 Philippine time on the Lazada mobile app. Discount will apply when the voucher is entered at the Payment Page and the eligible Visa Credit, Debit, or Prepaid Card is selected as the payment option. Customer must check if discount amount is applied before proceeding to final check-out. 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 Shipping fee voucher from the Mastercard landing page on Lazada. 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 and applicable shipping fee voucher prior to checking out. Once you have reviewed the items on your Shopping Cart, click “Check Out”. Make sure to check if the discount was applied to total billing before proceeding to check out. Enter your shipping and billing information and select the credit card as payment method. Enter your Mastercard Credit/Debit/Prepaid 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 Discount is only applicable to transactions with items from the Beauty, Beauty Supplements and Personal Care categories. Discount voucher is valid for one-time use within each promo period. Discount is applicable to all Mastercard Credit, Debit, or Prepaid Cards only. Discount is applied automatically at the checkout only when the voucher code has been successfully applied on the order. Discount is not exchangeable for cash, credit or other goods and services. Discount amount cannot be applied retroactively. Discount is not applicable to items marked “Voucher code not applicable on this item”. All cancelled orders will not be valid for re-instatement of voucher codes. Applicable only to eligible credit card BINs and eligible items. Payment codes cannot be used with other collectible or static code discount vouchers. The use of the voucher is subject to the Lazada Voucher Terms and Conditions. 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.
READ MORELANDBANK President and CEO Cecilia C. Borromeo (5th from right) and Pure Energy Holdings Corp. and Cabanglasan Hydropower Corp. (CHC) Chairman Dexter Y. Tiu (4th from right) sign a P2.6-billion loan agreement to partially finance a 15-megawatt hydropower plant in Valencia City, Bukidnon, under the LANDBANK Renewable Energy Program. They are joined by (from R-L) CHC Chief Finance Officer Atty. Rolando Domingo, CHC President Johnson A. Sanhi, Jr., Repower Energy Development Corporation (REDC) President and CHC Director Eric Peter Y. Roxas, and from LANDBANK, Senior Vice Presidents Celeste A. Burgos and Lucila E. Tesorero, and Vice President Emma M. Brosas. The Land Bank of the Philippines (LANDBANK) and Cabanglasan Hydropower Corporation (CHC), a wholly-owned subsidiary of Repower Energy Development Corporation (REDC), have signed a P2.6-billion loan agreement to partially finance the construction of a 15-megawatt hydropower plant in the Province of Bukidnon, that will help advance the country’s climate change mitigation and adaptation efforts. Under the LANDBANK Renewable Energy Program, the run-of-river hydropower plant will be developed on the Pulangi River in Barangay Lumbayao, Valencia City, to sustainably improve the quality and reliability of energy supply in nearby cities and towns in the Province. The loan signing was led by LANDBANK President and CEO Cecilia C. Borromeo and Pure Energy Holdings Corporation and CHC Chairman Dexter Y. Tiu on 6 December 2022 at the LANDBANK Plaza in Manila. They were joined by REDC President and CHC Director Eric Peter Y. Roxas, CHC President Johnson A. Sanhi, Jr., and from LANDBANK, Senior Vice Presidents Celeste A. Burgos and Lucila E. Tesorero, among other Bank officers. “Through the years, LANDBANK has collaborated with REDC and its subsidiaries towards advancing clean, sustainable, and reliable sources of renewable energy. We actively support local projects that aim to secure a safe and sustainable future for the country, as part of our broader commitment to help build sustainable and resilient communities,” said President Borromeo. Upon its completion in 2025, the hydropower plant is estimated to power around 130,000 households in 15 municipalities in the Province. The stable energy supply is likewise expected to benefit Bukidnon’s local economy, particularly its tourism, agriculture and industrial sectors. “In just six short years of development, our group has brought 10 renewable energy power plants to operations – of which six are run-of-river hydropower, contributing around 50MW of clean energy to the grid. We have several hydropower projects under construction and in the pipeline, which we intend to bring to operations in the near future to help the country transition into a clean renewable, energy phase,” said REDC President Roxas. “We would like to extend our deepest gratitude to the financial institutions who stood by us and provided project finance like LANDBANK, led by President Cecilia Borromeo, for their trust and confidence in the Pure Energy-REDC Group time and again,” Roxas added. LANDBANK is at the forefront of promoting environmental sustainability in the country by supporting initiatives aimed at protecting the environment. As of end-October this year, the Bank has approved a total of P20.1 Billion in loans to 56 borrowers under the LANDBANK Renewable Energy Program, in support of local projects that harness solar, hydro, and biomass energy sources.
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 |
