LANDBANK-funded oxygen-generating plants breathe hope to provincial hospitals

The Land Bank of the Philippines (LANDBANK) has approved a P94.5-million term loan for the construction of the first government-owned oxygen-generating plant in the Province of Sorsogon. In partnership with the Provincial Government of Sorsogon under the leadership of Gov. Francis Joseph G. Escudero, LANDBANK will finance the purchase and installation of the oxygen-generating facility to be stationed at the Sorsogon Provincial Hospital. This will help increase the supply of medical oxygen to all nine (9) government hospitals in the province and benefit its more than 800,000 residents, as well as those from other neighboring provinces. The establishment of this facility is part of the local government’s COVID-19 mitigation efforts, particularly now with the rising demand for medical oxygen caused by the recent surge in infections. The plant will also help lower the costs for tank refilling from P490 per tank to only P157. At present, the province sources medical oxygen from only one supplier in Camarines Sur. The P94.5-million financing for the oxygen plant—which is expected to be completed in early 2022—forms part of LANDBANK’s intensified support to LGUs nationwide in providing basic health services, especially amid the ongoing pandemic. “LANDBANK remains committed to serving the nation at the frontlines of our battle against the pandemic. Alongside our LGU partners, we stand ready to service growth and recovery requirements, which include boosting local healthcare services and providing support to medical frontliners and their constituents,” said LANDBANK President and CEO Cecilia C. Borromeo. LANDBANK also financed a P29-million oxygen plant for the Provincial Government of Negros Occidental in 2010. Located in the City of Silay, the LANDBANK-funded facility has been supplying medical-grade oxygen to almost all district hospitals in the province for the past 10 years. Since the onset of the pandemic last year, the oxygen plant has been providing free medical oxygen to local public health institutions and COVID-isolation facilities, namely the Cadiz City District Hospital, Valladolid District Hospital, Provincial Healing Center in E.B. Magalona, and the Teresita Lopez Jalandoni Provincial Hospital in Silay City.

LANDBANK lends financial muscle to DA-Go Negosyo agri program

The Land Bank of the Philippines (LANDBANK) has partnered with the Department of Agriculture (DA) and Go Negosyo to support their existing coaching program and service the financial requirements of eligible farmers, fishers, and micro, small, and medium enterprises (MSMEs) nationwide. Under the Kapatid Agri Mentor Me Program (KAMMP), LANDBANK will facilitate loan applications and provide credit assistance to graduate-mentees coached and trained by Go Negosyo and DA. The Bank will also assist in the development of new training and mentorship modules for startup and expanding agribusiness ventures. During the virtual Memorandum of Agreement (MOA) signing ceremony on 20 September 2021, LANDBANK welcomed the opportunity to match its loan programs with the specific requirements of eligible KAMMP graduates and provide accessible and affordable credit assistance to support their livelihood. “We are proud to be part of this meaningful and timely undertaking tailored to the needs of the agriculture sector. This is aligned with our ongoing efforts in widening credit access to farmers, fishers, and MSMEs nationwide,” said LANDBANK President and CEO Cecilia C. Borromeo. Presidential Adviser for Entrepreneurship and Go Negosyo founder Secretary Joey A. Concepcion highlighted the impact of LANDBANK’s involvement in KAMMP towards achieving its goal under the Mentorship, Market, and Money (3Ms) Principle. “These efforts from LANDBANK to provide financing to entrepreneurs under KAMMP are definitely a welcome development. I would like to thank Secretary Dar and President Borromeo for joining forces with Go Negosyo to really try and improve the lives of the Filipino people,” said Presidential Adviser Concepcion. For his part, DA Secretary William D. Dar noted the importance of adapting digital innovations to transform agriculture in the country. “Mahalaga po ang technology and innovation as part of this mentorship program para sa gano’n ay madagdagan ang kaalaman ng mga nagnenegosyo sa agrikultura at mapadali ang kanilang paghahanap-buhay,” said Secretary Dar. LANDBANK is looking to launch within the year its Digital Lending System (DLS), which will facilitate online loan applications for the safety and convenience of farmers and fishers. This move is in line with the National Government’s health and safety protocols due to the COVID-19 pandemic and its Ease of Doing Business campaign. From January to July 2021, LANDBANK has conducted 20 virtual trainings for 168 cooperatives nationwide facilitated by the LANDBANK Countryside Development Foundation, Inc. (LCDFI), while 85 MSMEs have attended the Bank’s new webinars from July to August 2021 to strengthen their recovery strategy under the new normal. LANDBANK’s partnership with DA and Go Negosyo builds on the Bank’s ongoing efforts to provide accessible and timely agricultural credit as part of serving the nation.

LANDBANK paves the way for 1.5K Payatas families to become landowners

More than 1,500 families struggling to get decent housing in Payatas, Quezon City will now have the opportunity to own the land they have been living in for over four decades after the Land Bank of the Philippines (LANDBANK) agreed to sell its property at a lower price. The state-owned Bank recently sold to the Quezon City Government its 96,169-square-meter property covering 157 parcels of land in Barangay Payatas in the amount of P209 million or P48 million less than the original offer of P257 million, paving the way for the urban dwellers to acquire land security tenure. “LANDBANK is proud to be instrumental in fulfilling the dreams of 1,500 families in Payatas to finally own the land they have been occupying for the past forty years. As a universal bank with a social mandate, we are committed to supporting our local government partners in providing affordable housing and other basic necessities to their constituents,” said LANDBANK President and CEO Cecilia C. Borromeo. The City Government will implement a direct sale program to award the land, wherein families will pay for the area they are occupying at P3,000 per square meter. “Malaki po ang pasasalamat namin sa LANDBANK dahil you agreed to enter into negotiations with the City Government para maibigay po sa tao ang matagal na nilang tinitirahang mga lupa,” said Quezon City Mayor Ma. Josefina “Joy” G. Belmonte during a ceremonial awarding of the Deed of Conditional Sale by LANDBANK to the Quezon City Government last 25 September 2021. Alongside extending loans to the agriculture sector, LANDBANK’s efforts toward national development involve extending support to the socioeconomic programs of local government partners, aimed at enhancing the quality of life of their constituents and promoting sustainable and inclusive growth.

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LANDBANK, Pangasinan LGU sign P500-million loan to boost income of rice farmers

Pangasinan Governor Amado I. Espino III (2nd from left) and LANDBANK Pangasinan Lending Center Head, Assistant Vice President Jaime S. Cruz (3rd from left), sign a P500-million loan agreement on 24 September 2021 at the Provincial Capitol in Lingayen, Pangasinan to help boost the income of rice farmers in the province. They are joined by Provincial Administrator Atty. Nimrod S. Camba (leftmost) and LANDBANK Lingayen Branch Head, Assistant Vice President Kathleen D. Fernandez (rightmost). LINGAYEN, Pangasinan – State-run Land Bank of the Philippines (LANDBANK) and the Provincial Government of Pangasinan have signed a P500-million loan to finance agricultural projects aimed at boosting the productivity and income of local rice farmers in the Province of Pangasinan. Under the LANDBANK Palay at Mais ng Lalawigan Lending Program, P400 million of the total loan will be used by the Local Government Unit (LGU) to purchase palay produced by small farmers with less than two (2) hectares of land each. Around 20,000,000 kilos of palay will be purchased by the Provincial LGU at higher prices than the prevailing market in the Province benefitting around 16,000 farmers in Pangasinan. The Provincial Government shall process the milling of the purchased palay and sell them to 14 provincial government-owned hospitals, the Pangasinan Provincial Jail, as well as other LGUs as part of relief operations and other related social services. The rice may also be distributed to Bigasan ng Bayan centers owned by Overseas Filipino Workers (OFWs) to be sold to local communities. The remaining P100 million will be used for the construction of a second Rice Processing Complex (RPC) in Pangasinan, together with the purchase of a rice mill, dryer, and industrial vehicles to transport agriculture products. “LANDBANK continues to answer the call of small farmers for an assured market and reasonable prices for their produce. We stand together with our LGU partners towards helping farmers increase their productivity and income, especially during this ongoing pandemic,” said LANDBANK President and CEO Cecilia C. Borromeo. Through the Palay at Mais ng Lalawigan Program, LANDBANK has approved loans amounting to P3.78 billion to eight (8) LGU-borrowers intended for palay procurement and acquisition of farm machineries and equipment (post-harvest facilities). Of this amount, P115 million has been availed by two (2) LGUs as working capital loan for palay procurement, benefitting more than 1,800 small farmers as of August 2021. From January to August 2021, LANDBANK has extended a total of P21.27 billion in outstanding loans in support of agri- and aquaculture projects of LGUs nationwide. LANDBANK remains committed to providing intensified support to the agriculture sector to fast-track its growth and recovery from the impact of the pandemic.

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DTI Fair Trade Permit No. FTEB-126997 Series of 2021

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  I. Qualifications  ● The promo is exclusive to Visa Credit, Debit, and Prepaid cards.  II. How to Avail  1. Shop using the Shopee mobile app.  2. Select the items you wish to purchase and click “BUY NOW”. 3. To proceed with checkout, enter your e-mail address and shipping details. 4. Enter promo code “VISA200OFF” upon checkout.  5. Click “Select payment method” and choose “Credit / Debit Card” as option. 6. Select or add your participating Visa credit, debit, or prepaid Card and click “Confirm”.  7. Promo discount will be automatically applied to your purchase upon checkout.  III. Terms and Conditions  1. Qualified Visa cardholders are entitled to avail of the promo discount from Shopee within the applicable promo period.  2. Promo discount is P200 off, with a minimum spend of P2,000. 3. Promo discount is valid for eligible Shopee users during the promo duration. 4. Promo discount is valid for one-time use from October 8 to 10, 2021 only. 5. Promo discount cannot be reapplied after a qualified order has been cancelled by the cardholder.  6. Promo discount is valid for new and existing Shopee registered customers. 7. Promo discount cannot be applied retroactively.  8. The offer cannot be exchanged for cash or other products. 9. Promo discount can only be applied on purchases from Preferred Shops, Mall Shops, Free Shipping Special Sellers, and Coin Cashback Sellers that ship from the Philippines.  10. Promo discount cannot be used on products under the “Load, Bills and eServices” category.  11. Promo discount is valid on orders to be delivered via integrated couriers. 12. By joining this promo, the user confirms that he/she has read, understood, and agreed to the promo mechanics and its terms & conditions. 13. Shopee reserves the right to cancel transactions of accounts that are suspected to be invalid or fraudulent (i.e. abuse of system). 14. 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

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  I. 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 October 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 discounts are only valid on preferred and Shopee Mall stores excluding 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-128816 Series of 2021

LANDBANK’s P50-M loan ‘links’ La Union town to a promising future

  ARINGAY, La Union – The Land Bank of the Philippines (LANDBANK) has approved a P50-million term loan of the Municipal Government of Aringay for the construction of a three-span bridge which is expected to boost growth and progress for the town’s underdeveloped areas. The new bridge will be built between Barangay San Juan East and Barangay San Juan West to connect seven isolated barangays of Aringay to the town proper, thereby making the transport of agricultural goods and access to essential services safer, easier, and more efficient. Upon completion of the bridge, farmers from the seven barangays can conveniently transport their harvests directly to Aringay’s public market instead of bringing these to Baguio City in Benguet. They will also no longer need to cross a river using a raft or pass through other perilous routes during heavy rains that often add to costs. The more than 14,800 residents from the seven barangays can also safely reach the town proper to access essential services, such as medical assistance, without the risk that comes with crossing the river. The P50-million term loan of the Municipal Government of Aringay was approved under the LANDBANK RISE UP LGUs (Restoration and Invigoration Package for a Self-sufficient Economy towards UPgrowth for LGUs) Lending Program, designed to support local government units (LGUs) in the implementation of their respective economic recovery plans. “LANDBANK is fully committed to servicing the infrastructure requirements of our LGU partners to fast-track the recovery of local communities. These projects are crucial to spur economic activities towards inclusive and sustainable development,” said LANDBANK President and CEO Cecilia C. Borromeo. As of 31 August 2021, LANDBANK has approved loans for 322 LGUs under the RISE UP LGUs Program totaling P88.42 billion.  “Napakalaking tulong ang maibibigay ng tulay para sa pagpapaunlad ng produktong agrikultura at sa ikabubuti ng mga residente ng Aringay. Tatlumpung taong hinanapan ng pondo ang proyektong ito para ito’y maisakatuparan. Nagpapasalamat kami sa programa ng LANDBANK at sa kanilang matiyagang paggabay at pagsubaybay dahil nabigyan kami ng pagkakataong matupad ang adhikaing matagal naming minimithi,” said Aringay Mayor Eric O. Sibuma. LANDBANK is one with LGUs nationwide in implementing various development projects and in serving the nation as it threads the path to recovery and resiliency amid the ongoing pandemic.