With support from LANDBANK, brothers Alex and Raymond Abelido were able to establish Tierra del Sur Farms, Inc., in San Agustin, Romblon, which is currently the largest commercial poultry farm in the province supplying around 54,000 fresh farm white eggs daily. SAN AGUSTIN, Romblon – With its local small-scale poultry farms having limited egg production capacity, this Province mainly relies on imported chicken eggs to fully sustain the daily requirements of consumers, restaurants and other local businesses. Bulk of Romblon’s egg supply are shipped from other areas in the country, making its supply vulnerable to transportation disruptions caused by adverse weather conditions and other unexpected delays. These constraints were in full display during the previous imposition of lockdown measures and travel restrictions at the height of the COVID-19 pandemic. Local businessmen and brothers Alex and Raymond Abelido saw this demand-supply gap as an opportunity to establish Tierra del Sur Farms, Inc., a commercial poultry farm to help strengthen local egg production and cut down egg imports. “Growing Romblon’s poultry production is part of our vision to build a more sustainable food system in Romblon. This is our contribution towards ensuring food security in the province,” said Tierra del Sur Farms President and CEO Alex Abelido. Branching out from their existing construction business, the Abelido brothers faced the challenge of venturing into agriculture and building the largest poultry farm in the province to-date. In 2023, the Land Bank of the Philippines (LANDBANK) extended credit assistance amounting to P160 million to re-finance the construction of facilities in their 17-hectare farm in Romblon. The LANDBANK loan helped put up necessary facilities such as four poultry buildings, as well as feeds and tools warehouses, workers' quarters and an organic fertilizer plant. Part of the loan also supported the acquisition of ready-to-lay chickens and covered the purchase of chicken feeds, among other operational expenses. Not long after having 25,000 laying hens at the beginning of their operations, Tierra del Sur Farms, Inc. now has around 60,000 laying hens in their Romblon farm producing about 54,000 eggs daily. These eggs are distributed to the different island municipalities of the province, including Tablas Island. Locals are now able to buy eggs at a much cheaper price, with each piece sold at a farm gate price of P7.00 compared to imports that cost around P10.00 per piece. Having locally produced eggs likewise ensures quality and availability in the province, as compared to imported eggs which could take days to reach the province. Tierra del Sur Farms, Inc. is able to produce over 250,000 eggs daily, distributed in the islands of Romblon and other parts of the country, including Batangas, Rizal, and Manila. With the success of their Romblon poultry farm, Tierra del Sur Farms, Inc. likewise sought the assistance of LANDBANK in expanding their operations to Calatagan, Batangas. They availed a P430-million loan to finance the construction of poultry buildings and support facilities such as an organic fertilizer plant, sewage treatment plant, and warehouses. The Batangas poultry farm houses around 250,000 laying hens in seven fully automated and mechanized poultry buildings. It produces about 200,000 eggs daily, shipped to various trade partners in Batangas, Rizal, and Manila. “We would like to thank LANDBANK for its support as we achieve our goals of empowering local communities and ensuring food security. We look forward to their continued support as we plan to expand the reach of our operations even further to neighboring provinces,” said Raymond Abelido, Tierra del Sur Farms, Inc. Corporate Treasurer and manager. As of end-March 2024, LANDBANK’s outstanding loans to the poultry sector has reached P15.5 billion to finance the production of chicken and duck eggs, breeding of poultry, and sale of poultry meat and products, among other projects. Building a sustainable circular economy As part of Tierra del Sur Farms, Inc.’s advocacy to operate with minimal ecological footprint, the farm prides itself on employing sustainable methods for waste management to reduce environmental impact and protect natural resources. Through a sewage treatment plant also financed by LANDBANK, the farm recycles wastewater as drinking water for their chickens, thereby reducing costs and preventing water pollution. LANDBANK’s assistance likewise enabled the farm to construct an organic fertilizer plant to produce their own fertilizer from chicken manure. These fertilizers are sold to local farmers to help improve soil quality and agricultural production. Tierra del Sur Farms, Inc. was also recently recognized for the good quality of their fertilizer and tapped by the Philippine Coconut Authority (PCA) through a joint venture to supply organic fertilizer to coconut farmers nationwide. Their new collaboration aims to boost coconut production while promoting proper poultry waste management, as the Abelido brothers work towards making their business more sustainable and self-sustaining. ABOUT LANDBANK LANDBANK currently operates a total of two Branches in the Province of Romblon, complemented by seven ATMs and one cash deposit machine, to facilitate accessible, convenient, and secure banking services. LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. The Bank is present in all 82 provinces in the country, committed to provide accessible and responsive financing to drive the agriculture sector’s productivity and competitiveness, while championing sustainable development in the countryside.
READ MOREThe Land Bank of the Philippines (LANDBANK) has remitted P32.119 billion in cash dividends to the National Government—the highest in the state-run Bank’s history—to support the country’s infrastructure projects and socio-economic programs. The record-setting contribution, the highest amount remitted among all Government Owned and Controlled Corporations (GOCCs), highlights LANDBANK’s robust financial position after posting an all-time high net income of P40.3 billion in 2023 and year-end capital of P266.8 billion. LANDBANK officially remitted the P32.119 billion cash dividends to the National Treasury on 30 April 2024, which was recognized during the GOCCs’ Day ceremonial dividends turnover event on 06 May 2024 at the Philippine International Convention Center (PICC) in Pasay City, led by President Ferdinand R. Marcos Jr. together with Finance Secretary and LANDBANK Chairman Ralph G. Recto, and other officials. “The solid performance of LANDBANK in 2023 yielded a record-breaking dividend contribution, which will significantly support our people’s growing needs and further stimulate the country's economic growth. This unprecedented amount demonstrates the fiscal discipline that we have instilled in LANDBANK. Credit must be given to LANDBANK’s management team led by PCEO Lynette Ortiz and staff for their hard work and commitment to the nation,” said Finance Secretary and LANDBANK Chairman Recto. “LANDBANK’s unprecedented contribution to the government’s coffers underscores our unwavering commitment to nation-building. We look forward to further advancing the country’s growth trajectory by providing ample funding for priority infrastructure projects and socioeconomic programs,” said LANDBANK President and CEO Lynette V. Ortiz. President and CEO Ortiz added that the Bank will remain aggressive in serving the growth requirements of the agriculture sector and other key industries, to complement the National Government’s inclusive and sustainable development agenda. Strong profit growth in Q1 2024 LANDBANK has started the year strong after earning P12 billion in the first three months on the back of increased interest income from loans. The state-run Bank’s net income for the first quarter jumped 11% from P10.8 billion year-on-year, exceeding its P11.3 billion target for the period by 6%. LANDBANK’s total assets expanded by 5% to P3.3 trillion, driven by robust expansion in loans. The Bank’s deposit base likewise improved by 4% to P2.9 trillion due to increases in government and private deposits. The Bank’s gross loan portfolio reached P1.5 trillion, marking a 25% increase due to the growth in treasury and commercial loans, primarily channeled towards agribusiness, energy, affordable mass housing, and infrastructure projects. Earlier, the Bank garnered the highest rating for corporate governance among all GOCCs in 2022, with a scorecard of 102.5 from the Governance Commission of GOCCs (GCG), showcasing LANDBANK’s strong corporate governance culture anchored on integrity, transparency, and accountability. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. The Bank is present in all 82 provinces in the county, committed to providing accessible and affordable financial support to key players and industries as part of its broader thrust of serving the nation.
READ MORELANDBANK x foodpanda (Promo Period: April 15 to July 15, 2024) Offers: • Discount via Voucher Code: LANDBANK • Discount: 20% off, capped at Php 150.00 • Minimum single-receipt spend per transaction: Php 500. Minimum spend is based on gross food order value which is defined as the user’s total food order value before any discount and shipping is applied. • Maximum discount per transaction: Php 150.00 • Valid from April 15 to July 15, 2024 only • Each code can be used by a user on foodpanda up to three (3) times per foodpanda user ID from April 15 to July 15, 2024 ________________________________________ How to Avail To avail of the discount, Cardholders must download the foodpanda mobile app on the App Store or Google Play and proceed with the following steps: • Sign up or Log in. • Input the delivery location. • Choose from the available restaurants/shops under Delivery and Pick-up in the area. • Place order worth at least the minimum spend requirement for each voucher code. • Tap “Apply a voucher” • Enter applicable Voucher Code or select the applicable seeded voucher. • Pay using a qualified card. Discount is applied to the total purchase upon checkout. ________________________________________ Other Terms & Conditions • Partner is not an agent of any of the participating merchants or outlets and makes no representation as to the quality of goods and services provided. All feedback regarding the quality of goods and services provided should be directed to the respective merchant or outlet. • The Offer cannot be exchanged for other items or discounts and cannot be used in conjunction with other promotional offers by the partner merchant that requires a voucher/promo code. • The offer is not convertible to cash or credit. It may not be exchanged with any other product. • In case of dispute in respect of the Partner only and the clients' availment of the Promo, the decision of the Partner with the concurrence of DTI shall be considered final. However, if dispute involves the Foodpanda and its performance and/or delivery of services to customers, subject to the Terms and Conditions set out below, the decision of Foodpanda with the concurrence of DTI shall be considered final • Vouchers, discounts and promos and the use of the foodpanda platform shall likewise be governed by the foodpanda Terms of Use. ________________________________________ Customer Support (foodpanda): Any issue on the actual purchase should be directed and will be resolved by foodpanda. For promo-related concerns and inquiries, cardholders may reach out to foodpanda’s customer support at support@foodpanda.ph or via the live chat on the foodpanda app. Customer Support (LANDBANK): LANDBANK can be reached through the following facilities/channels on your concerns and complaints regarding your accounts: 1. LBP Website via www.landbank.com; 2. 24/7 LBP Customer Service; and 3. LBP Branches
READ MORELand Bank of the Philippines (LANDBANK) wins in the ‘Medium-Term Bond Fund - Peso’ category at the 2024 Best Managed Fund of the Year Awards of the Chartered Financial Analyst (CFA) Society Philippines on 24 April 2024 in Makati City. CFA Society’s President and Chairman Robert Ramos (rightmost) and the association’s former President Felixberto Bustos (leftmost) present the award to LANDBANK First Vice President Lolita M. Almazar (center), Assistant Vice President Eduardo G. Velasco (2nd from the left) and Trust Management Officer Nilo P. Ondevilla (4th from left). CFA Society Philippines’ award program recognizes professionally-managed funds that have delivered the best performance metrics in their respective categories. LANDBANK’s Medium-Term Bond Fund was recognized as one of the 13 best managed funds among 136 qualified funds that competed in this year’s awards. #
READ MOREThe LBP Resources and Development Corporation (LBRDC), a subsidiary of the Land Bank of the Philippines (LANDBANK), receives three awards from the Governance Commission for Government-Owned and Controlled Corporations (GCG) for its exceptional performance and commitment to service excellence. The awards are presented by Executive Secretary Lucas P. Bersamin (5th from left) alongside GCG Chairperson Atty. Marius P. Corpus (6th from left) and GCG Commissioners Atty. Brian Keith F. Hosaka (leftmost) and Atty. Geraldine Marie Berberabe-Martinez (2nd from left) to LBRDC President and CEO Col. Ricardo C. Juliano (4th from left), Board Chairperson Lt. Gen. Antonio Ramon A. Lim (3rd from left), Director Lourdes Candy R. Darimbang (7th from left), Director Pamela S. Baricuatro (8th from left), Director Feliciano L. Macalino (9th from left), and Director Abner O. Malabanan (rightmost). LBRDC earned ninth place among the country’s GOCCs in the CY 2022 Performance Scorecard in corporate governance, while LANDBANK received the highest rating, and ranked first overall. The Corporation was also honored as one of the Most Improved GOCCs based on its Performance Scorecard Rating from CY 2021 to CY 2022. The GCG awards received reflect LANDBANK's dedication to fostering a culture of transparency, integrity, and accountability within the organization and across its subsidiaries.
READ MORELANDBANK Executive Vice President Ma. Celeste A. Burgos (rightmost) receives the award from ADFIAP Chairman Saud A. Minam (center) and First Vice Chairman Kao Thach (leftmost) for the Bank’s development project on rural electrification under the Infrastructure Development category during the ADFIAP Sustainable Development Awards 2024 in Phnom Penh, Cambodia on 16 May 2024. (Photo credit to ADFIAP) In recognition of its steadfast commitment to promoting sustainable development, Land Bank of the Philippines (LANDBANK) has been conferred with two international awards by the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) for its development projects on rural electrification and financial inclusion. LANDBANK’s BRIGHTNESS Lending Program, which stands for BRinging Inclusive Growth in every Household Through National Electrification Support Services, won in the Infrastructure Development category, while the Bank’s support to ASA Philippines Foundation, Inc.’s (ASA Philippines) credit expansion for underserved women earned a Merit Award in the Financial Inclusion category. ADFIAP Chairman Saud A. Minam, First Vice Chairman Kao Thach, and Second Vice Chairman Aria Putera Ismail presented the awards to LANDBANK, represented by Executive Vice President Ma. Celeste A. Burgos, at the ADFIAP Sustainable Development Awards on 16 May 2024 in Phnom Penh, Cambodia. “LANDBANK is honored to receive these prestigious awards from ADFIAP, which underscore our unwavering dedication to advancing sustainable and inclusive development. This recognition inspires us to continue empowering underserved communities, fostering economic growth, and enhancing quality of life for our valued clients," said LANDBANK President and CEO Lynette V. Ortiz. Launched in 2013, LANDBANK BRIGHTNESS Lending Program aims to expand energy access in barangays to spur growth and generate more economic activities in the countryside by providing financing assistance to qualified distribution utilities and wholesale power aggregators. This initiative supports the National Government’s rural electrification efforts under Republic Act No. 9136, otherwise known as the “Electric Power Industry Reform Act of 2001 (EPIRA Law),” which ensures the quality, reliability, security and affordability of electric power supply nationwide. As of 31 March 2024, total approved loans under the BRIGHTNESS Lending Program have reached P13.7 billion, supporting over 4.8 million households with reliable power supply. LANDBANK, represented by Executive Vice President Ma. Celeste A. Burgos (center), also receives a merit award under the Financial Inclusion category as presented by ADFIAP Chairman Saud A. Minam (rightmost) and Second Vice Chairman Aria Putera Ismail (leftmost). (Photo credit to ADFIAP) Meanwhile, LANDBANK’s support enabled ASA Philippines to raise P5.0 billion through a five-year syndicated corporate notes facility. Dubbed “Project Nanay First,” the proceeds from the offer are aimed to reach and empower more women, particularly mothers, from economically disadvantaged sectors through the provision of accessible financing. ASA Philippines’ five-year corporate notes issuance was classified as the first-ever Gender Bonds issued in the country, as certified by social bond second-party opinion provider DNV (Det Norske Veritas) and registered with the Securities and Exchange Commission (SEC). The partnership promotes broader financial inclusion in alignment with the Philippine Development Plan (PDP) 2023-2028 and advocates for environmental, social, and governance (ESG) principles. ADFIAP serves as the focal point of all development banks and other financial institutions engaged in development financing across the Asia-Pacific region, with the mission to advance sustainable development through its members. The annual ADFIAP Awards recognizes member-institutions that have made important contributions to national development. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. The Bank is present in all 82 provinces in the county, committed to providing accessible and affordable financial support to key players and industries as part of its broader thrust of serving the nation.
READ MORELANDBANK and PAFCPIC sign a P10-billion loan line to support the financial needs of AFP personnel and their families. Leading the ceremony are LANDBANK President and CEO Lynette V. Ortiz (2nd from right), PAFCPIC Chairman BGen. Francisco M. Paredes (Ret) (3rd from right), LANDBANK Executive Vice President Ma. Celeste A. Burgos (rightmost), and PAFCPIC President BGen. Fernando S. Zabat (Ret) (leftmost). Land Bank of the Philippines (LANDBANK) has extended a P10-billion rediscounting line to support the Philippine Army Finance Center Producers Integrated Cooperative (PAFCPIC) and its members serving in the Armed Forces of the Philippines (AFP). The state-run Bank expanded the Cooperative’s previous P8 billion credit line to P10 billion to sufficiently augment working capital and enable PAFCPIC to better serve the financial requirements of its more than 190,000 members. PAFCPIC's membership consists of active and retired military and civilian personnel from the Philippine Army, Philippine Navy, and Philippine Air Force, as well as their immediate dependents. The ceremonial loan signing event was led by LANDBANK President and CEO Lynette V. Ortiz and PAFCPIC Chairman BGen. Francisco M. Paredes (Ret), alongside LANDBANK Executive Vice President Ma. Celeste Burgos and PAFCPIC President BGen. Fernando S. Zabat (Ret) on 29 May 2024 at the LANDBANK Plaza in Manila. Also present as witnesses were LANDBANK Senior Vice President Lucila E. Tesorero and Vice President Leonardo D. Aurellana Jr., with PAFCPIC Vice President MGen. Rolando V. Picar (Ret) and Executive Vice President BGen. Anastacio C. Cabading. "By boosting your financial resources and upgrading your operational efficiency through our digital solutions, we look to further improve your service delivery to your members and the entire armed forces community," said LANDBANK President and CEO Ortiz. Apart from the financial assistance, LANDBANK likewise pledged to support PAFCPIC's digitalization efforts by onboarding the Cooperative to the Bank’s web-based payment platform, Link.BizPortal, which will streamline the collection of payments for its members’ capital contributions, deposits, and loans, thereby enhancing their operational efficiency. “This milestone is a manifestation of almost three decades of business collaboration between PAFCPIC and LANDBANK, nurtured and nourished with trust and confidence. We are grateful for LANDBANK's unwavering support, which has been instrumental in enabling us to better serve our members and their families,” said PAFCPIC Chairman Paredes. LANDBANK conferred PAFCPIC with the Distinguished Initiators and Movers of National Development (DIAMOND) Award last year, for the co-op’s contributions to promoting countryside and national development. The LANDBANK DIAMOND Award honors exceptional Bank clients, fund management and digital banking partners that have made positive change in the communities they serve. LANDBANK remains committed to providing robust financial solutions to cooperatives and its members nationwide towards promoting countryside to countrywide development. ABOUT LANDBANK LANDBANK is the largest development financial institution in the country promoting financial inclusion, digital transformation and sustainable development to benefit Filipinos. As the only Bank present in all 82 provinces in the county, it is committed to providing accessible and affordable financial support to key players and industries as part of its broader thrust of serving the nation.
READ MOREACTIVATE AND PAY RAFFLE PROMO MECHANICS To qualify for the raffle draw: 1. Enroll your LANDBANK account in the LANDBANK iAccess or Mobile Banking App (MBA). 2. Pay your bills for a minimum amount of ₱100 using iAccess, MBA, or Link.BizPortal during the promo period. Eligibility Criteria: Participants must be newly enrolled in the LANDBANK iAccess/MBA and must pay bills using iAccess, MBA, or LinkBizPortal with a minimum payment of P100.00 during the promo period. Promo Period: June 1 to August 31, 2024 Raffle Prize: P5,000.00 each for twenty-five (25) monthly winners Eligible Accounts: All newly enrolled iAccess/MBA accounts (Savings, Checking, and Current Accounts) Schedule of Raffle Draw Promo Period Raffle Draw Date June 1-30, 2024 July 11, 2024 July 1-31, 2024 August 13, 2024 August 1-31, 2024 September 12, 2024 Venue: LANDBANK Plaza Prize Redemption: The twenty-five monthly raffle draw winners will each receive the ₱5,000 cash prize to be credited in their respective LANDBANK accounts within 2 to 3 banking days after the raffle draw. Redemption of prizes is valid for 60 days upon receipt of notification. Control Measures: • LANDBANK Internal Audit and DTI representatives will be invited to check, test & validate the computer system, and witness the following activities: o Loading of raffle entries in the electronic raffle program; o Generation of raffle winners • Each bill payment transaction earns one raffle entry with the Transaction Reference Number acting as the raffle ticket. • A copy of the winners shall be signed by the DTI representative, along with a copy of the list of winners. • Winners will be informed via registered mail and email or SMS. Other Terms: • The account must remain open and active. • Participants are eligible to win only once per monthly draw. • Non-winning entries are carried over to the next draw. • Clients whose LANDBANK accounts were enrolled in the iAccess and MBA before June 1, 2024 are disqualified. • Members of the promotional campaign committee are not eligible to participate. • The following data will be collected for the raffle entries: (1) transaction reference numbers; and (2) account names. The qualified entries for the period shall be generated and extracted from the LANDBANK system for the covered period. This will be loaded in the LANDBANK e-Raffle System
READ MOREPROMO MECHANICS I. Qualification: This promo is open to all Security Bank, AUB, and Landbank Mastercard cardholders who will purchase on the ZALORA website or ZALORA app within the promo period using installment as the payment option. II. Promo Period and Discount: 1. Promo period valid from June 14 – 30, 2024 2. P1,000 off for a minimum spend of P5,000 and paid via installment. III. How to avail of discount: 1. Log-on to http://www.zalora.com.ph 3. Select the product. 4. Select size and click on “Add to Bag”. 5. Once finished, click CHECKOUT NOW to proceed. 6. Log in or Register by Signing in via Facebook. Input Customer Information such as name, phone number and delivery address. 7. Select Credit Card 3M/ 6M Installment as Payment Method and input Security Bank, AUB, or Landbank Mastercard card details and click installment payment. 8. Select voucher code: MASTERCARD1000 to get P1,000 off. The voucher can only be used once. For qualified cardholders who availed of the P1,000 off from May 27 – June 2, 2024, he/she is no longer entitled to avail of this promo offer. 9. Click “Order Now” to finalize order IV. Promo Exclusions: Discount is only valid for Security Bank, AUB, and Landbank Mastercard users who will pay using installment. V. Customer support: For any questions or clarifications, please contact ZALORA Philippines Facebook Page or e-mail: customer@zalora.com.ph
READ MORETERMS AND CONDITIONS I. Promo Tile: Get 45% off on ZALORA Big Fashion Sale with your Visa card! Use code VISABFS24. II. How to Avail Open to all Visa cardholders who will purchase on the ZALORA website or ZALORA app within the promo period. Log-on to http://www.zalora.com.ph Click on Shop Women, Shop Men, Shop Kids to begin Select product categories. Select product. Select size and click on "Add to Bag". Once finished, click "Check Out Now" to proceed. Log in or Register by Signing in via Facebook. Input Customer Information such as name, phone number, and delivery address. Select Payment Method Click "Have a promo code? Enter it here". Enter promo code: VISABFS24 then click APPLY. Click "Order Now" to finalize order Discount will be deducted via cart rule from subtotal. Click "Order Now" to finalize the order. III. Terms and Conditions 45% off with Minimum spend P3,500, a discount of up to P2,500 off. One-time use and sitewide. Discount is not valid on essential items Per DTI Fair Trade Permit No. FTEB-188709 Series of 2024. IV. Promo Period - June 14-20, 2024
READ MOREAs of Tue, April 29, 2025
| Buying | Selling | |
|---|---|---|
| USD | 56.15 | 56.65 |
| JPY | 0.384503 | 0.399342 |
| EUR | 62.734299 | 65.163993 |
| GBP | 73.505595 | 76.352462 |
| HKD | 7.193121 | 7.729313 |
As of Mon, April 28, 2025
| UITF | NAVPU |
|---|---|
| Cash Management Fund | 1.558065 |
| Money Market Fund | 1.311204 |
| Money Market Plus Fund | 1.223605 |
| PERA Money Market Fund | 1.024015 |
| Medium-Term Bond Fund | 2.471787 |
| Bond Fund | 2.022874 |
| PERA Bond Fund | 1.198546 |
| Balanced Fund | 2.606916 |
| Growth Fund | 2.583822 |
| Alpha Equity Fund | 3.00714 |
| Blue Chip Equity Fund | 0.961723 |
| Equity Fund | 0.7838 |
| High Dividend Equity Fund | 1.005401 |
| US$ Money Market Fund | 1.432307 |
| Global $ Fund | 1.527551 |
