Alicia Mayor Joel Amos P. Alejandro (center) inspects the municipal government’s purchase of palay directly from local farmers at premium prices, with support from a P65-million loan under LANDBANK’s Palay at Mais ng Lalawigan Lending Program, which helped stabilize the local prices of palay and provided a ready and steady market for farmers’ produce. ALICIA, Isabela – Situated in the “Queen Province of the North,” the Municipality of Alicia is surrounded with vast tracts of rich agricultural lands planted mostly to palay and corn. Having the largest irrigated rice fields in the region, Alicia is considered the largest rice producer in Cagayan Valley. The COVID-19 pandemic, however, affected market conditions for these farmers, as health and safety lockdowns limited the movement of buyers, traders, and produce. To address this growing concern, the municipal government decided to pursue high-impact projects to help boost the productivity of its more than 1,000 farmers and ensure local food security. This led the administration of Alicia Mayor Joel Amos P. Alejandro to partner with local farmers’ cooperatives and associations to directly purchase the palay produced by local farmers at premium prices. Through the assistance of Land Bank of the Philippines (LANDBANK), the Alicia LGU applied for a P65-million credit facility for a Permanent Working Capital (PWC) under the Bank’s Palay at Mais ng Lalawigan Lending Program. Through the Program, the Alicia LGU buys palay at an indicative subsidized price of P15.00 to P16.00 per kilogram for wet palay, and P19.00 per kilogram for dry palay. This helped stabilize the prices of palay in Alicia, while providing a steady market for farmers’ produce. The LGU, in turn, sells the procured palay processed into milled rice in public markets and other government institutions, such as government hospitals, jails, and other entities. The LGU also signed lease contracts with millers and warehouse owners to set up a streamlined rice milling arrangement in the area. Moreover, the Program supported the LGU’s initiatives to deliver rice subsidies to indigent residents of Alicia, particularly when the area was placed under Enhanced Community Quarantine (ECQ) to stem the spread of COVID-19 infections. “Ako ay nagpapasalamat sa LANDBANK dahil sa kanilang programa para sa aming local farmers. Malaking tulong ito para sa aming munisipyo. I am also proud to note that we are the first LGU that availed and implemented this Program, which has so far proven to be successful. We are counting on LANDBANK to support our plans in expanding this program so that we may be able to support more palay farmers in Alicia,” Mayor Alejandro said. Initially launched by LANDBANK and the Department of Agriculture (DA) in 2019 as the “PAlay aLAY sa Magsasaka ng Lalawigan,” the Program aims to provide a credit facility to Municipal, City, and Provincial LGUs to purchase palay produced by local farmers whose incomes have been affected by the drop in the farm gate price of palay. The Program has since been expanded in 2020 to cover the purchase of corn, in support of Republic Act No. 11494 or the Bayanihan to Recover as One Act. “We are closely working with local government partners to meet the production requirements of farmers and help ensure food security especially during this ongoing pandemic. We are thus encouraging more LGUs, especially those in rice and corn producing communities, to avail of the LANDBANK Palay at Mais ng Lalawigan Program to support our local farmers,” said LANDBANK President and CEO Cecilia C. Borromeo. The P10-billion funded facility is LANDBANK’s response to the National Government’s call to support the livelihood of local farmers, who can sell their palay and corn to their LGUs at a fair price rather than to unscrupulous rice traders who offer very low prices. Additionally, LGUs may avail of farm machineries and equipment for post-harvest facilities to support their rice and corn-related activities. As of July 2021, LANDBANK has approved loans for the Program amounting to P3.85 billion for eight (8) LGUs. As of July 31, 2021, LANDBANK has extended a total of P21 billion in outstanding loans to support the agri-aqua projects of LGUs nationwide. Interested borrowers of the LANDBANK Palay at Mais ng Lalawigan Lending Program 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. For more updates, please follow the official LANDBANK Facebook, Instagram and YouTube accounts (@landbankofficial), and Twitter (@LBP_Official); join our Viber community (@LANDBANK); or visit the LANDBANK website (www.landbank.com).
READ MORELANDBANK joins the Philippine Civil Service Commission (CSC) in commemorating the 121st Philippine Civil Service Anniversary this month of September, pursuant to Presidential Proclamation NO. 1050, series of 2017. CSC's 10-year theme, "Transforming Public Service in the Next Decade: Honing Agile and Future-Ready Servant Heroes,"highlights the reforms achieved as a response to the new normal and the major changes to be undertaken in the next few years as the country recovers and pursues a #BetterNormal.
READ MORELANDBANK joins the Philippine Institute for Development Studies in celebrating the 19th Development Policy Research Month (DPRM). Presidential Proclamation No. 247 signed in September 2002 declared the month of September every year as DPRM to highlight the critical role of policy research in the socio-economic advancement of the Philippines. This year's celebration carries the theme, "Reset and Rebuild for a Better Philippines in the Post-Pandemic World"or "Muling Magsimula at Magtayo tungo sa Mas Matatag na Pilipinas Pagkatapos ng Pandemya."
READ MORELANDBANK and Converge sign a P3-billion loan agreement to provide fast and reliable internet connectivity to more subscribers nationwide. The virtual signing ceremony on August 27, 2021, was led by (upper row from left) Converge CEO Dennis Anthony H. Uy, Converge President Maria Grace Y. Uy, and LANDBANK President and CEO Cecilia C. Borromeo. They were joined by (lower row from left) Converge Deputy Chief Finance Officer Christine Renee R. Blabagno and LANDBANK officials, namely Agricultural and Development Lending Sector, Officer-in-Charge Senior Vice President Filipina B. Monje and Corporate Banking Group Head, Senior Vice President Ma. Celeste A. Burgos. State-run Land Bank of the Philippines (LANDBANK) signed a P3-billion loan agreement with Converge Information and Communications Technology Solutions, Inc. (Converge) to help provide fast and reliable internet service to more subscribers nationwide. LANDBANK President and CEO Cecilia C. Borromeo alongside Converge CEO Dennis Anthony H. Uy and President Maria Grace Y. Uy led the virtual loan signing ceremony to support the fiber broadband service provider’s continuing terrestrial and subsea domestic network expansion and finance working capital requirements. They were joined by Converge Deputy Chief Finance Officer Christine Renee R. Blabagno and LANDBANK officials, namely Agricultural and Development Lending Sector Officer-in-Charge, Senior Vice President Filipina B. Monje and Corporate Banking Group Head, Senior Vice President Ma. Celeste A. Burgos. Also present during the signing ceremony was Converge Chief Financial Office Advisor Matthias Vukovich. During the virtual ceremony, LANDBANK emphasized the importance of investing in technology as more Filipinos adapt to a digital lifestyle due to the ongoing pandemic. “We are hopeful on this new partnership between LANDBANK and Converge to ensure the delivery of fast and consistent internet services across the country. It is with urgency that we must support more users in adapting to home set-ups for work and education in the new normal. This is also aligned with LANDBANK’s thrust of leveraging on digital innovations to provide uninterrupted, safe, and timely financial solutions to our clients, especially the unbanked and underserved,” said LANDBANK President and CEO Borromeo. Converge CEO Uy expressed his gratitude to LANDBANK for providing an accessible financial channel to expand their fiber footprint nationwide. “This loan financing brings us one step closer to our goal of connecting the unserved and underserved areas in the country. The available funds will help us reach into untapped markets and really ‘Go Deep’ into existing ones,” said CEO Uy during the virtual loan signing. Converge will utilize the credit support from LANDBANK for its continued network expansion across the country, broadening its distribution reach, and boosting international connectivity. The total loan package from LANDBANK will also include an additional short term loan line as well as a facility for its trade transactions amounting to up to P2 billion. In line with servicing the emerging needs of its clients in the new normal, LANDBANK successfully facilitated 73.5 million transactions amounting to P1.307 trillion through its five major e-banking channels from January to July 2021. This represented comparative year-on-year increases of 12% and 65%, respectively. As of July 2021, the Bank has also facilitated the opening of more than 1.7 million online accounts through its Digital On-boarding System or DOBS which digitizes the submission of account applications. LANDBANK also launched recently the DOBS Mobile which facilitates online savings account opening in as fast as 10 to 15 minutes. The LANDBANK DOBS Mobile eliminates the need to line up in branches to open an account, in support of the National Government’s Ease of Doing Business (EODB) initiative, as well as safety protocols imposed to limit COVID-19 infections. LANDBANK also continues to waive fees for inter-bank fund transfers via InstaPay and PESONet for retail clients until September 30, 2021.
READ MOREShop at Lazada for a minimum spend of P3,000 using your LANDBANK Mastercard Credit and Prepaid Card and enjoy FREE SHIPPING on Lazada’s 9.9 Big Brands Sale! TERMS AND CONDITIONS: 1. Shipping discount can be used once throughout the valid promo period. 2. Shipping discount is applicable to all Mastercard Credit/Debit/Prepaid Cardholders. Maximum discount is P200 on shipping fee. 3. Shipping discount is applied automatically at the checkout only when the voucher has been successfully collected. 4. Shipping discount is not exchangeable for cash, credit or other goods and services. 5. Shipping discount amount cannot be applied retroactively. 6. Shipping discount is considered fully consumed regardless if total shipping fee is less than discount amount. 7. The use of the voucher is subject to the Lazada Voucher Terms and Conditions. 8. Applicable only to eligible credit card BINs and eligible items. 9. 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. Terms and conditions apply. Per DTI Fair Trade Permit No. FTEB-126431 Series of 2021.
READ MOREGet up to P400 off your shipping fees when you check out your cart at Shopee using your LANDBANK Mastercard Credit and Prepaid Cards. Promo runs from September 8 to 9, 2021. Terms and Conditions 1. Applicable on Mastercard credit, debit, and prepaid card transactions only. 2. Qualified Mastercard cardholders are entitled to avail of 100% off shipping fee capped at P200 with a minimum spend of P1,500. 3. Promo voucher is valid for eligible Shopee users during the promo duration. 4. Promo voucher can be claimed on the Mastercard 9.9 promo landing page from Sep 8 to 9, 2021. 5. Promo voucher redemption is valid for two-time use on Sep 9, 2021 only. 6. Promo voucher cannot be reapplied after a qualified order has been cancelled by the cardholder. 7. Promo voucher is valid for new and existing Shopee registered customers. 8. Promo voucher cannot be applied retroactively. 9. The offer cannot be exchanged for cash or other products. 10. Not valid for Digital Goods and Vouchers. 11. By joining this promo, the user confirms that he/she has read, understood, and agreed to the promo mechanics and its terms & conditions. 12. Shopee reserves the right to cancel transactions of accounts that are suspected to be invalid or fraudulent (i.e. abuse of system). 13. Shopee reserves the right to vary these terms & conditions with prior approval of DTI-FTEB. Customer Support For any questions or clarifications, please contact Shopee’s Customer Service at (02) 88805200 or email support@shopee.ph DTI Fair Trade Permit No. FTEB-126021 Series of 2021
READ MOREState-run Land Bank of the Philippines’ (LANDBANK) continues its collaboration with the Philippine Statistics Authority (PSA) for the Philippine Identification System (PhilSys) Project to bring unbanked Filipinos into the country’s financial system and allow them access to a wide range of banking services. As of 2 September 2021, LANDBANK has onboarded 5.3 million unbanked PhilSys registrants for their own transaction accounts through account opening booths at select PhilSys co-location areas nationwide. The registrants have already utilized the LANDBANK prepaid cards for various transactions amounting to P31.8 million. The PhilSys registrants can use the LANDBANK prepaid cards to safely and conveniently manage funds, withdraw cash, perform cashless transactions, shop and pay bills online, and receive government subsidies digitally. “Bringing unbanked Filipinos into the financial mainstream lays the groundwork for inclusive growth, especially as we fast-track initiatives toward economic recovery and sustained development. Access to formal banking services encourages people to save money, repay loans, invest in financial products, and guides them to financial independence,” said LANDBANK President and CEO Cecilia C. Borromeo. Unbanked PhilSys registrants may sign up for LANDBANK transaction accounts once they complete the PhilSys Step 2 registration, which covers validating supporting documents and capturing biometrics information. PhilSys registrants can also activate their LANDBANK prepaid cards and perform their transactions through the LANDBANK Mobile Branches, which are deployed to communities across the country with disrupted or limited access to banking services. The LANDBANK Mobile Branch is designed to service unbanked and underserved communities and areas affected by disasters, calamities, and other disruptive events, which form part of LANDBANK’s intensified efforts to advance greater financial inclusion in the country. LANDBANK affirms its commitment to support the PhilSys Project by co-locating with the PSA to reach more of the unbanked population in support of the National Government’s target of providing at least one bank account for every Filipino household by the end of this year.
READ MOREI. Qualifications The promo is exclusive to Mastercard Credit, Debit, and Prepaid cards. II. How to Avail Shop using the Shopee mobile app. Select the items you wish to purchase and click “BUY NOW”. To proceed with checkout, enter your e-mail address and shipping details. Enter promo code “MCPAYDAY” upon checkout. Click “Select payment method” and choose “Credit / Debit Card” as option. Select or add your participating Mastercard credit, debit, or prepaid card and click “Confirm”. Promo discount will be automatically applied to your purchase upon checkout. III. Terms and Conditions Qualified Mastercard cardholders are entitled to avail of the promo discount from Shopee within the applicable promo period. Promo discount is P150 off, with a minimum spend of P1,500. Promo discount is valid for eligible Shopee users during the promo duration. Promo discount is valid for one-time use on September 15, 2021. Promo discount cannot be reapplied after a qualified order has been cancelled by the cardholder. Promo discount is valid for new and existing Shopee registered customers. Promo discount cannot be applied retroactively. The offer cannot be exchanged for cash or other products. Promo discount cannot be used on products under the “Load, Bills and eServices” category. Promo discount is valid on orders to be delivered via integrated couriers. By joining this promo, the user confirms that he/she has read, understood, and agreed to the promo mechanics and its terms & conditions. Shopee reserves the right to cancel transactions of accounts that are suspected to be invalid or fraudulent (i.e. abuse of system). Shopee reserves the right to vary these terms & conditions with prior approval of DTI. IV. Customer Support For any questions or clarifications, please contact Shopee’s Customer Service at (02) 88805200 or email support@shopee.ph DTI Fair Trade Permit No. FTEB-124679, Series of 2021
READ MOREThe Land Bank of the Philippines (LANDBANK) presents more convenient investment channels for the public to participate in the Bureau of the Treasury’s (BTr) first-ever Retail Dollar Bond (RDB) offering in the country. Launched on 15 September 2021, the RDBs are United States (US) dollar-denominated bonds that allow retail investors to mobilize and grow their savings while helping fund the National Government’s recovery and resiliency programs. The RDBs—available at a minimum investment of US$300 and increments of US$100 thereafter—can be purchased using either US dollar or Philippine peso accounts. For the latter, LANDBANK will facilitate the currency conversion of peso to US dollar to access the bonds, including the interest and principal payments. For the first time, interested investors can use the LANDBANK Mobile Banking App (MBA) to purchase the RDBs and complete the transaction in as fast as five minutes, even less. This feature is also available in the Mobile Banking App of the Overseas Filipino Bank (OFBank), the official digital bank of the Philippine government and a subsidiary of LANDBANK. Investors can also make online placements for the RDBs through the BTr Online Ordering Platform and settle the payments via the LANDBANK Link.BizPortal online payment facility. Over-the-counter placements are also accepted in all LANDBANK branches nationwide. “We are inviting the investing public to support the BTr’s Retail Dollar Bonds offering to expand their portfolio and contribute directly to the government’s recovery and development agenda. Through LANDBANK’s online investment channels, individual investors worldwide can invest safely and conveniently in these bonds that offer relatively higher returns,” said LANDBANK President and CEO Cecilia C. Borromeo. LANDBANK serves as the Joint Lead Issue Manager for the RDB issuance, as part of its continued support to advancing greater financial inclusion and boosting the state’s resources to fund various recovery and development projects.
READ MOREThe Land Bank of the Philippines (LANDBANK) has teamed up with the Land Transportation Franchising and Regulatory Board (LTFRB) in the relaunch of the Service Contracting Program for public utility vehicle (PUV) operators to ensure quicker and more efficient disbursement of cash payments. With a Program fund of P3 billion, LANDBANK will facilitate the crediting of cash payments to eligible PUV operators through their existing LANDBANK accounts and other partner outlets via InstaPay or PESONet. Under the Program, qualified PUV operators will receive the payouts weekly while providing free rides to frontline healthcare workers and Authorized Persons Outside Residence (APORs) to support their mobility requirements during the ongoing pandemic. In the virtual launch of the Service Contracting Program Phase 2 held on 10 September 2021, LANDBANK expressed its commitment to help provide PUV operators and drivers nationwide with sustainable livelihood amid reduced ridership resulting from Community Quarantine periods. “We welcome this collaboration under the Service Contracting Program Phase 2 to deliver prompt financial assistance to PUV operators nationwide towards ensuring the efficient, safe, and uninterrupted operations of public transportation under the new normal,” said LANDBANK President and CEO Cecilia C. Borromeo. During the virtual launch event, the LTFRB encouraged participants of the Program to open a LANDBANK account so they can quickly receive the payouts, as disbursement to other accounts will take longer due to additional processes. “We have encouraged and suggested na ‘yung lalahok dito sa Service Contracting Program ay kukuha at mag-oopen ng LANDBANK account para diretso na agad sa kanila, in real-time po ang pagbabayad,” said LTFRB Chairman Atty. Martin B. Delgra III. LANDBANK is committed to contribute to the National Government’s continuing efforts to advance the country’s transportation sector and provide the riding public safe, secure, and convenient transport services in the new normal. Through the SPEED PUV (Special Package for Environment-Friendly and Efficiently-Driven Public Utility Vehicles) and the I-RESCUE for BUS Transport Lending Programs, LANDBANK supports the purchase of modern public utility jeepneys and buses by providing affordable financing to transport cooperatives and corporations. As of August 2021, the Bank has approved P2.32 billion in loans for the acquisition of 1,093 modern units under the SPEED PUV, while another P4 billion is being processed for 43 additional loan applications.
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 |
