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READ MOREIn line with supporting the country’s coconut industry, the Land Bank of the Philippines (LANDBANK) is offering a new affordable credit facility to coconut farmers to increase production and income especially in coconut-producing communities nationwide. Under the LANDBANK Coconut Farmers and Industry Development (CFID) Lending Program, eligible coconut farmers, cooperatives and associations can access financing for various projects, including the establishment of intercrops and poultry or livestock integration in coconut farms. Individual coconut farmers can use the loan to increase production and working capital, to acquire machines and equipment, and establish necessary facilities. Coconut cooperatives and associations can also utilize the financing for relending and rediscounting to their members. The LANDBANK CFID Lending Program supports the Coconut Farmers and Industry Development Plan (CFIDP) spearheaded by the Department of Agriculture (DA) and the Philippine Coconut Authority (PCA), which outlines the policies and directions to rehabilitate and modernize the Philippine coconut industry. "The CFID Lending Program forms part of the National Government’s whole-of-nation approach towards providing meaningful investments to the coconut industry. LANDBANK remains committed to providing accessible and affordable credit to coconut farmers nationwide to help improve their livelihood," said LANDBANK President and CEO Cecilia Cayosa Borromeo. Under the CFID Lending Program, LANDBANK will provide short-term and long-term loans of at least P1 million, with a fixed affordable interest rate of 2% per annum. The loan program has a total P333.3 million fund composed of P83.3 million or 25% from LANDBANK funds and P250 million or 75% from the Credit Component Allocation under the Coconut Farmers Industry Trust Fund (CFITF) Act, which was signed by former President Rodrigo Duterte in February 2021. The LANDBANK CFID Lending Program will run until 2071 to accommodate as many players from the coconut industry as possible. 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 MOREKEEP THE MUSIC PLAYXING: Members of the Bohol Persons with Disability (PWD) Workers Multi-Purpose Cooperative (MPC) continue to play at the Tagbilaran Pier with support from the Land Bank of the Philippines (LANDBANK). BOHOL – Amidst the daily hustle and bustle in this Province’s major airport and seaport terminals, an ensemble of visually impaired musicians entertains and comforts passengers with their soothing voices and pitch-perfect harmonies. With their distinct black glasses, acoustic guitars and percussions, these talented individuals perform old to contemporary hits from early morning to seven o’clock in the evening, making the trips of visitors a memorable experience. Performing for arriving and departing passengers serves as the primary source of income for 41-year-old Junare “Jun” A. Baculio to sustain the daily needs of his family. Jun also leads fellow visually impaired performers as the general manager of the Bohol Persons with Disability (PWD) Workers Multi-Purpose Cooperative (MPC), which started in 2016 and is composed of 63 members with different disabilities. The Bohol PWD Workers MPC mainly sources funds from busking at different local airports and seaports, including the Bohol-Panglao International Airport and the Tagbilaran Airport and Pier. They also operate four massage parlors where other physically challenged members offer various massage services. The co-op’s lending services have also delivered significant relief to its members, especially when facing financial difficulties due to unexpected situations. They enjoy loans with zero interest rate for their needs, instead of previously relying on loan sharks that charge as high as 20% interest per month. The pandemic’s silencing effect However, nothing could have prepared the cooperative from the COVID-19 pandemic, which hit the tourism sector hard and drastically reduced passenger traffic. The once jam-packed airport and seaport terminals turned into deserted hubs without any signs of activity. For the members of the Bohol PWD Workers MPC, this meant putting their entertaining melodies into pause and soothing massage services on hold. And as silence filled the airports and seaports that were once alive with their music, the co-op members struggled to make ends meet and provide for their families. With their performances halted, members were left with no other source of daily income, which also cut off the co-op’s source of funding for their relending activities. “Parang huminto lahat dahil sa pandemya. Lahat kami ay nawalan ng pagkakakitaan, simula sa pagkanta sa mga terminals hanggang sa pagmamasahe. Pero tuloy pa rin ang buhay, naghanap kami ng iba pang pwedeng pagkakitaan at lumapit kami sa iba’t ibang organisasyon,” Jun Baculio recounts. LANDBANK helps show the light The Bohol PWD Workers MPC turned to the Land Bank of the Philippines (LANDBANK) to help them sustain their livelihood and endure the pandemic. As the co-op’s reliable partner over the years, LANDBANK maintains a strong relationship with the co-op, with a total loan exposure amounting to P1.1 million. LANDBANK first extended a helping hand to the co-op in 2017 through a loan worth P830,000.00, for the purchase of a service vehicle and to augment the working capital of their relending business. With their new service vehicle, the members are conveniently shuttled to the airports and seaports, including other areas and communities where they are tapped to perform. The Bohol PWD Workers (MPC) availed of a loan from LANDBANK to purchase a service vehicle to conveniently shuttle their membersfrom their respective houses to their workplaces. Since the pandemic significantly decreased their income, LANDBANK approved the restructuring of the co-op’s existing loan in 2022 under the I-RESCUE (Interim REhabilitation Support to Cushion Unfavorably affected Enterprises by COVID-19) Lending Program with a lower interest rate. The co-op’s existing rediscounting line was also converted into a term loan amounting to P300,000 under the Program, to help cover the daily necessities of the members’ families during the pandemic. “We are very much thankful to LANDBANK. They patiently catered to our financing needs to make the co-op successful, fruitful and productive. Hindi kami nahihirapang lumapit sa kanila,” said Jun. As the country reopened several tourist destinations, the cooperative also made a successful comeback to the airports and seaports, in stride with the economy’s continuing resurgence from the pandemic. Last January, the Bohol PWD Workers MPC was able to fully pay its restructured term loan with LANDBANK and partially paid in advance its converted rediscounting line. Today, the co-op looks to expand its operations by tapping the Bank’s assistance anew for lot acquisition and the construction of its new head office. LANDBANK has continued to support the financial requirements of the Bohol PWD Workers MPC along with the whole cooperative sector. As of 31 January 2023, LANDBANK’s outstanding loans to the sector have reached P66.6 billion serving over 1,360 co-ops nationwide.
READ MORE(left photo) Balingasag Mayor Alexis S. Quina (center), LANDBANK Vice President Jimmy P. Arco (2nd from left) and Assistant Vice President Josephine Mercadal (3rd from left) lead the ribbon-cutting ceremonies for the new Balingasag Public Market (rightphoto) financed by the Land Bank of the Philippines (LANDBANK) in Barangay Waterfall. BALINGASAG, Misamis Oriental – The Land Bank of the Philippines (LANDBANK) joined the inauguration of the new world-class Balingasag Public Market in Barangay Waterfall, which is expected to be a center of commerce for the people of Balingasag and its neighboring towns. Balingasag Municipal Mayor Alexis S. Quina alongside LANDBANK Vice President Jimmy P. Arco and Assistant Vice President Josephine B. Mercadal, led the inauguration on 8 March 2023 to formally open the facility to residents and vendors. LANDBANK financed the milestone infrastructure project with a P150 million loan in 2020. The building can accommodate 303 stalls, covering sections for fish, meat, vegetable, fruit, dry goods, and grocery items, among others. The new public market will also benefit more than 3,000 small farmers and fishers from the municipalities of Balingasag, Jasaan, Lagonglong and Salay. “We look forward to servicing more of Balingasag’s growth requirements to generate economic opportunities and deliver essential public services. In partnership with LGUs nationwide, LANDBANK will continue to support strategic initiatives to help advance local communities,” said LANDBANK President and CEO Cecilia Cayosa Borromeo. Throughout the years, LANDBANK has been part of the growth story and progress of the Municipality of Balingasag. It has financed various development projects of the LGU, including the Balingasag People’s Palace in 2010 and the Balingasag Bus Terminal in 2015. During the inauguration, Mayor Quina shared his appreciation and gratitude for LANDBANK's continuing trust and support for the local government, and touched on plans to tap the Bank anew for the construction of Balingasag’s Municipal Gym. LANDBANK provides convenient banking services to Balingasag residents, including payroll services to local government employees. Last December 28, 2022, the Bank inaugurated the LANDBANK Balingasag Branch, complemented by an offsite ATM located at the People's Palace. LANDBANK remains the biggest development partner of the LGU sector. As of end-December 2022, the Bank has extended a total of P91.5 billion in outstanding loans to LGUs nationwide, towards building resilient and progressive local communities.
READ MOREAs the deadline for the filing of income tax returns draws near, the Land Bank of the Philippines (LANDBANK) will be setting up accessible stations to help taxpayers settle their dues in an easy and convenient manner through LANDBANK’s online payment channels. In partnership with the Bureau of Internal Revenue (BIR), LANDBANK Hubs will be stationed within select Revenue District Offices (RDO) nationwide to facilitate online payments of Income Tax Returns (ITRs) during work days from April 1 to 17, 2023 at 8:00 AM to 5:00 PM. The LANDBANK Hubs aim to assist taxpayers to remit their taxes much easier online through the BIR’s Electronic Filing and Payment System (eFPS), and LANDBANK’s own e-Tax Payment System (eTPS) and Link.BizPortal channels. "Through these hubs, we hope to make the process of paying taxes more convenient and accessible for everyone. LANDBANK remains committed to supporting the BIR by helping taxpayers fulfill their obligations and contribute to nation-building," said LANDBANK President and CEO Cecilia Cayosa Borromeo. To accommodate more taxpayers, select LANDBANK branches nationwide will also extend regular banking hours from 3:00 PM to 5:00 PM and will be open on Saturdays from 8:30 AM to 3:00 PM to accept tax payments. The complete list of LANDBANK Hubs and branches that will be open for extended hours is available on LANDBANK’s official website (www.landbank.com) and social media accounts. The LANDBANK and BIR have been working hand in hand to boost digital tax collection and provide taxpayers efficient and convenient payment platforms. The Bank’s digital banking channels are in sync with the BIR’s tax filing facility, in line with the National Government’s Ease of Doing Business initiative. As of 31 December 2022, the LANDBANK eTPS and Link.BizPortal have facilitated a total of more than 1.2 million tax payment transactions with total value of P117.3 billion.
READ MOREDownload File LAZADA x Mastercard® Promo Mechanics: Qualified Cards: Mastercard Credit, and Debit Cards (including all issuing banks) that have been saved on user’s Lazada accounts prior to the promo period. OFFER: Mastercard Instant Off Promo Period: March 30, 2023; April 30, 2023; May 30, 2023; June 30, 2023 The Promotion is open to all issuing banks of active Mastercard Principal or Supplementary Credit and Debit Cardholders. 1. Promo Offer: Get PHP 50 OFF instantly, only with Mastercard! • Only those who have saved their Mastercard debit and credit cards on their Lazada accounts prior to the promo period will be eligible for the discount. • The promo is valid on regular and sale items at Lazada. • Purchase must be made on March 30, 2023; April 30, 2023; May 30, 2023; June 30, 2023 from 12:00 am to 11:59 pm Philippine time. • PHP 50 discount applies for a minimum transaction amount of PHP 1,000 charged to the Mastercard credit or debit card. Minimum spend applies to the total amount in cart prior to any discounts. • The discount will be automatically applied on purchases in Lazada and is open to new and existing Lazada customers. Customers should meet the minimum spend requirement, and select their Mastercard debit or credit card. • Discount is valid for one-time use at the Lazada mobile app. • Discount is not applicable to digital goods, stores with digital products, milk products for 3 years old below (under the Milk Code) and other goods from blacklisted sellers set by Lazada. 2. Instant Off discounts can be used with other static and collectible vouchers and voucher codes. HOW TO AVAIL Via Lazada Mobile App TERMS AND CONDITIONS: 1. Discount can be used once each promo day. 2. Discount is applicable to Mastercard debit and credit cardholders who have saved their card to their Lazada accounts prior to the promo periods. 3. Discount is applied automatically at the checkout only when the customer has met the minimum spend requirement and has selected Mastercard as the payment method. 4. Discount is not exchangeable for cash, credit or other goods and services. 5. Discount cannot be applied retroactively. 6. Discount is not applicable to items marked “Discount not applicable on this item”. 7. All cancelled orders will not be valid for re-instatement of Instant Off discounts. 8. The use of discount 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. Per DTI Fair Trade Permit No. FTEB-161348 Series of 2023.
READ MOREA GOLDEN CELEBRATION – (right photo) LANDBANK President and CEO Cecilia Cayosa Borromeo delivers the keynote address during the 50th anniversary celebration of the Lamac Multi-Purpose Cooperative (LMPC) on 12 March 2023 in Cebu City where she highlighted the essence of collective action to create a ripple of positive change. (left photo) President Borromeo (center) receives a plaque of appreciation from LPMC Chairperson Richard M. Obaner (2nd from right), Vice Chairperson Marcial B. Menchavez (rightmost), General Manager Maria Elena C. Limocon (4th from right) and Assistant General Manager Charlita B. Pangan (leftmost) CEBU CITY – The Land Bank of Philippines (LANDBANK) joined the Lamac Multi-Purpose Cooperative (LMPC) in celebrating its 50th anniversary on 12 March 2023, marking a solid partnership anchored on the mutual pursuit of inclusive and sustainable development in the countryside. LANDBANK President and CEO Cecilia Cayosa Borromeo delivered the keynote address during the milestone event and highlighted the essence of collective action in making a positive change. She lauded LMPC’s meaningful undertakings that have shaped lives and transformed communities over the co-op’s five decades in service. “The story of Lamac MPC is a testament to the strength of the human spirit, to the power of we, and the force that drives a meaningful purpose — creating a ripple of positive change,” said President Borromeo. President Borromeo also challenged the LMPC board of directors, officers and members with three propositions as they cast their vision for the next 50 years and beyond: to ride the wave of digitalization; to make the most of collaborations; and to solidify their core values. LANDBANK has been a development partner of LMPC since 1992, when the Bank initially extended a P1-million loan to finance the co-op’s relending activities. The Bank has also been providing technical support to LMPC over the years through the conduct of operational review and capacity-building initiatives via the LANDBANK Countryside Development Foundation, Inc. (LCDFI). At present, LANDBANK has approved loans amounting to P1.4 billion in support of LMPC’s various agricultural and other development initiatives. These include the Milk Feeding Program, the Coco Hub Project, Cacao production, the Agri-Manufacturing Village, on-lending to members, and the construction of the co-op’s head office building. President Borromeo also lauded the success of LMPC as best demonstrated in the dramatic growth of Barangay Lamac in the town of Pinamungajan in Cebu. From a once secluded and isolated barangay with no roads, electricity, transportation, and potable water, the co-op has helped to transform it into a flourishing community with a vibrant local economy. Through the years, the Cebu-based co-op has successfully diversified its programs and services to include backyard poultry production, cacao farming, dairy processing, water refilling, agri-tourism, garments and print, catering, gasoline station, distributorship, and housing, among others. As an accredited Agent Banking Partner of LANDBANK, LMPC is also contributing to advance financial inclusion by providing basic banking services in remote and underserved areas. The LMPC continues to expand with a total of 56 branches in Cebu, Bohol, Negros Occidental, Negros Oriental, and Leyte. It has now close to 133,000 regular members and 20,089 youth members composed of small farmers and fishers, Agrarian Reform Beneficiaries (ARBs), entrepreneurs, teachers, OFWs, drivers, and vendors. From 1994 to 2018, LMPC has received several awards and citations from LANDBANK in recognition of its outstanding accomplishments. These include the Gawad PITAK (Pinakatatanging Kooperatiba) Hall of Fame and Platinum Award, Key Cooperative Award, Ginintuang Gawad PITAK Award, and the Gawad PILAK (Pagkilala sa mga Institusyon at Indibidwal na Lumingap sa mga Adhikain para sa Kaunlaran) Award.
READ MOREAs travel restrictions ease up, the Land Bank of the Philippines (LANDBANK) has launched a new credit program to support government efforts to revitalize local tourism in the country. The Tourist Infrastructures and Services Mobilization (TOURISM) Lending Program aims to provide financial assistance to local government units (LGUs), and tourism enterprises accredited with the Department of Tourism (DOT) to help them re-establish and improve their tourist facilities and services. "LANDBANK is committed to supporting the national government's efforts to restore confidence and enthusiasm for the tourism sector that will help boost economic activity, and create livelihood opportunities in tourist areas nationwide,” said LANDBANK President and CEO Cecilia Cayosa Borromeo. LANDBANK has allocated an initial program fund of P5 billion to finance access projects to tourist destinations like airports, sea ports, transport terminals, roads and bridges, communication utility and IT projects, water and power utility projects. Eligible projects include primary tourism support facilities, infrastructures and services like hotels, resorts, automation and digitalization of tourism services by travel agencies, facilities for meetings and conferences; secondary tourism projects like restaurant, adventure facilities, shopping malls, ambulatory clinics and spa; and tertiary hospitals among others. LGUs may borrow 100% of the total project cost requirement, but shall not be more than the LGU’s net borrowing capacity as certified by the Bureau of Local Government Finance (BLGF), while small and medium enterprises (SMEs) and cooperatives may borrow up to 80% of the project cost, and up to 75% for large corporations. Short-term loans for working capital are payable up to one year while term loans for permanent working capital are payable up to five years. Meanwhile, term loans for capital expenditures are payable based on projected cash flow up to a maximum of 15 years, with a two-year grace period on the principal repayment. Term loans for the acquisition of tourist transport facilities and units are payable based on cash flow but not to exceed seven years or the economic useful life of the financed facilities, inclusive of a six-month grace period. 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 MORELANDBANK-backed Agsirab Multi-Purpose Cooperative (MPC) continues to expand its lending operations while venturing into farm machinery rental, calabasa pancit production, and bakery business. The Capiz-based co-op currently has a membership base of more than 450 agrarian reform beneficiaries, farmers, and indigenous people. DUMARAO, Capiz – Agrarian reform beneficiary (ARB) Evelyn F. Bardies, a mother of four, toils on her awarded land to meet the daily needs of her family. It did not help that she used to rely on local dealers and traders to finance her farm input requirements for corn production. From the mountain barangay of Agsirab, she needed to travel back and forth to Roxas City to process her loan applications and deal with delayed transactions that unfavorably affected her farm’s overall productivity. Worse, her loans came with a hefty interest rate of 7% to 10% per month, leaving her with very little profit or sometimes even nothing at all despite all of her hard work. “Mahirap magpabalik-balik sa bayan para makipag-transact sa dealers at traders. ‘Yung iba ay hindi ako pinagbibigyan dahil wala silang tiwala, natatakot sila na baka hindi ako makapagbayad. At dahil sa laki ng interes, maliit lang din yung kinikita ko,” Evelyn recounts. The story of Evelyn mirrors the struggles of other ARBs from Brgy. Agsirab. This dire situation pushed them to form the Agsirab Multi-Purpose Cooperative (MPC) in 2009, to pool resources and provide affordable and accessible credit assistance for its members. They initially chipped in P1,000 each and gathered a total of P25,000 in paid-up capital. They persevered to secure all the necessary permits to establish the co-op, and started gaining the trust of other ARBs, including those who previously had bad experiences in joining unsuccessful cooperatives. Driven by persistence and a determined spirit, the Agsirab MPC has grown into a profitable cooperative with assets reaching over P25 million today. It has likewise expanded its membership to more than 450 ARBs, small-scale farmers, and indigenous people, some from the nearby provinces of Iloilo, Antique and Aklan. The Agsirab MPC found a reliable partner in the Land Bank of the Philippines (LANDBANK) in sustaining and growing its operations. The co-op availed from the Bank an initial credit line of P993,000 in 2012, which eventually increased to P30 million at present due to the co-op’s satisfactory repayment record. Apart from providing loans to its members, the Agsirab MPC has been successful in expanding its services and income-generating portfolio by venturing into farm machinery rental, calabasa pancit production, and bakery business. “Malaking malaki ang naitulong sa amin ng LANDBANK. Dahil sa kanila, nakaahon kami sa hirap at nakapagsimula ng maginhawang buhay. Sana hindi sila magsawang magpaabot ng tulong sa aming kooperatiba,” said Evelyn, who now serves as Agsirab MPC chair. Agsirab MPC Chair Evelyn F. Bardies is able to provide a comfortable life for her family through higher farm productivity and income. With convenient access to affordable credit and modern equipment, members of the Agsirab MPC now enjoy improved farm productivity and income. Evelyn shares that the co-op’s members are able to meet the basic needs of their families and regularly provide meals on the table. Most have been able to save for the construction of their own dream houses and purchase of vehicles. Evelyn herself was able to send her four children to school and give them a comfortable life. She likewise acquired additional agricultural lands and provide employment opportunities for local farm workers. Through the years, LANDBANK has stood side-by-side with the cooperative sector to serve their growth requirements. As of 31 January 2023, LANDBANK’s outstanding loans to the sector have reached P66.6 billion, benefitting over 1,360 co-ops nationwide.
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 |
