Celebrating 59 years of serving the nation As Land Bank of the Philippines (LANDBANK) celebrates its 59th anniversary on 8 August 2022, the state-run Bank remains committed to servicing the development requirements of small farmers, fishers, and other key players in the agri-business value chain, as loans to the agriculture sector reached P257.7 billion as of 30 June 2022. The P257.7 billion total outstanding loans translate to a 15.5% increase from the same period a year ago, further solidifying LANDBANK’s position as the biggest lender to the agriculture sector in the country. “LANDBANK stands ready to extend accessible credit to all agri players to boost the country’s food production and supply. We will continue ramping up our lending activities in full support of the new administration’s agricultural modernization agenda,” said LANDBANK President and CEO Cecilia C. Borromeo. Of the P257.7 billion total outstanding loans, P37.5 billion benefited small farmers and fishers, including those which were channeled through cooperatives and farmers’ associations, rural financial institutions, and other conduits. A total of P163.1 billion supported small, medium, and large agribusiness enterprises, while the remaining P57 billion aided agri-aqua related projects of local government units (LGUs) and government-owned and controlled corporations (GOCCs). The loans were used to finance various economic activities, including P56.7 billion for livestock, crops and fisheries production, and P122.2 billion for agri-processing and trading of rice, corn, and sugarcane, among others. A total of P78.8 billion also backed the construction and improvement of essential agriculture infrastructure such as public markets, farm-to-market roads, warehouses, cold storages, irrigation systems, and slaughterhouses. In the first six months of 2022, LANDBANK also assisted in the construction and improvement of 138 kilometers of farm-to-market roads—which is one of the priorities in President Ferdinand Marcos, Jr.’s development plan for the agriculture sector. Agri-Mechanization Financing Program In support of the President’s long-term goal to modernize agricultural production, LANDBANK has been offering the Agri-Mechanization Financing Program designed to promote mechanization of production and post-production processes, from planting to harvesting and processing, thereby increasing efficiency, reducing post-harvest losses and lowering production costs. The LANDBANK Agri-Mechanization Financing Program has supported 53 micro and small enterprises and cooperatives with cumulative loan releases totaling P681.5 million as of end-June 2022. More Small Farmers and Fishers Assisted By adopting a more focused and direct lending approach, LANDBANK has cumulatively assisted more than 3.3 million farmers and fishers nationwide, of which 566,462 or 17% came from the 20 poorest provinces in the country. The top provinces with the highest number of beneficiaries include Nueva Ecija, Maguindanao, Bohol, Pangasinan, Cotabato, Isabela, Cagayan, Leyte, Ilocos Sur, and South Cotabato. LANDBANK’s close collaboration with the Department of Agriculture (DA) and the Department of Agrarian Reform (DAR) has also allowed it to reach and serve more farmers and fishers. As of 30 June 2022, LANDBANK has extended a total of P13.3 billion to 247,591 borrowers under the programs it is administering for DA, and another P719.4 million to more than 200 agrarian reform beneficiary (ARB) organizations benefiting over 11,000 ARBs and small farm holders under DAR’s programs. Through the years, LANDBANK has grown into one of the leading universal banks in the country, while remaining faithful to its social mandate to promote inclusive and sustainable development, representing almost six decades of service to the nation.
READ MOREBANGUED, Abra – The Land Bank of the Philippines (LANDBANK) quickly deployed a mobile automated teller machine (ATM) to the Municipality of Bangued, Abra starting 29 July 2022, to service the cash requirements of customers in the province in the aftermath of the recent 7.0-magnitude earthquake that badly hit parts of Northern Luzon. Stationed at the LANDBANK Bangued Branch, the LANDBANK Mobile ATM provided basic banking services to calamity-affected residents, such as cash withdrawals, balance inquiries, bills payments, and fund transfers, until 3 August 2022. The LANDBANK Mobile ATMs are designed to be deployed in areas with disrupted or limited access to banking services due to disasters or calamities. In line with its 59th Anniversary celebration on 8 August 2022, LANDBANK recently launched 10 new Mobile ATMs on 5 August 2022, increasing the total number of units to 20 nationwide.
READ MOREFor the first half of 2022, the major digital banking channels of the Land Bank of the Philippines (LANDBANK) registered growths of 25% in volume and 21% in value, year-on-year, facilitating a total of 77.6 million transactions valued at P1.4 trillion. The increases represent combined transactions from the LANDBANK Mobile Banking App (MBA), iAccess, weAccess, Link.BizPortal, Electronic Modified Disbursement System (eMDS), and the LANDBANK Bulk Crediting System (LBCS). “LANDBANK remains committed to promoting greater digital adoption in support of the National Government’s financial inclusion agenda. Our safe, convenient and accessible digital banking products are designed to meet the needs of our diverse customer base, as we continue serving the nation,” said LANDBANK President and CEO Cecilia C. Borromeo. The LANDBANK MBA led in terms of transaction volume with 59.8 million amounting to P103.1 billion, translating to 27% and 37% increases in volume and value, respectively. In terms of value, the Bank’s internet facility for national government partners, eMDS, topped the list with a total value of P966.2 billion or a 22% rise year-on-year, from facilitating 1.2 million transactions. The LANDBANK weAccess—the Bank’s corporate internet banking platform—also recorded growths of 17% in transactions and 11% in value, facilitating more than 10 million transactions worth P262.8 billion. Meanwhile, LANDBANK’s web-based payment channel, Link.BizPortal, facilitated 2.8 million transactions equivalent to a 48% increase, with a corresponding total value of P6 billion or 30% growth rate. Lastly, the LANDBANK iAccess and LBCS—the Bank’s online retail banking channel and electronic disbursement facility, repectively—recorded a combined total volume of 2.8 million transactions amounting to P15.3 billion. With the soaring demand for digital banking channels amid the pandemic, LANDBANK assures customers that it is maintaining the highest level of security in all its systems, as it also reminds customers to remain vigilant against online banking fraud and scams. Through the years, LANDBANK has grown into one of the leading universal banks in the country, while remaining faithful to its social mandate to promote inclusive and sustainable development. On 8 August 2022, the Bank celebrated its 59th anniversary, representing almost six decades of service to the nation.
READ MORE(clockwise from upper left) Finance Secretary and LANDBANK Chairman Benjamin E. Diokno and LANDBANK President and CEO Cecilia C. Borromeo lead the very first LANDBANK AgriSenso Virtual Forum, together with Department of Agriculture Assistant Secretary and Bureau of Animal Industry Officer-in-Charge Director Reildrin G. Morales, United Broiler Raisers Association President Atty. Elias Jose M. Inciong, Ana’s Breeders Farms, Inc. President and CEO Jonathan O. Suy, and LANDBANK Program Management Department I, Assistant Vice President Edgardo S. Luzano. As part of its intensified support to the agriculture sector, the Land Bank of the Philippines (LANDBANK) kicked off a series of virtual forums to discuss with local agri players opportunities towards modernizing the industry, while also ensuring food security. Finance Secretary and LANDBANK Chairman Benjamin E. Diokno and LANDBANK President and CEO Cecilia C. Borromeo led the first run of the LANDBANK AgriSenso Virtual Forums on 15 August 2022, which gathered contract grower-investors, integrators, and other key players from the poultry industry. “Through the AgriSenso Virtual Forums, we hope to sustain our engagement with agri stakeholders from all over the country, and to foster greater collaboration. LANDBANK continues to service the development requirements of the agricultural sector through accessible and responsive lending programs,” said President and CEO Borromeo. The AgriSenso Virtual Forums also address the request of customers to learn more about the Bank’s available credit facilities, as noted during the Online Stakeholder’s Consultation Forum conducted by the Bank last year. “LANDBANK is at the forefront of supporting key players in the agriculture sector by ensuring that the entire agri value chain has access to much-needed credit and other financial services. How to access the services to meet your diverse needs is, hopefully, what you can take away from today’s forum,” said Secretary Diokno to the forum’s participants. Each session of the AgriSenso Virtual Forums will focus on a specific agriculture industry, with industry experts and players invited to share insights and successful initiatives, as well as the development plans of the government for each industry. The first LANDBANK AgriSenso Virtual Forum put the spotlight on the poultry industry and featured United Broiler Raisers Association President Atty. Elias Jose M. Inciong and Ana’s Breeders Farms, Inc. (ABFI) President and CEO Jonathan O. Suy, who shared about challenges facing the industry and innovative ways to meet consumers’ evolving needs. Meanwhile, Department of Agriculture Assistant Secretary and Bureau of Animal Industry Officer-in-Charge Director Reildrin G. Morales discussed the National Government’s development roadmap for the local poultry sector. LANDBANK Poultry Lending Program For his part, LANDBANK Program Management Department I, Assistant Vice President Edgardo S. Luzano discussed the Bank’s Poultry Lending Program, designed to help promote sustainable and competitive poultry production. The Lending Program offers financial support to qualified cooperatives, micro, small and medium enterprises, large agri-business enterprises and corporations for the production of broilers, layers, breeders, ducks, quails, ostrich, turkey and other poultry animals, as well as for ancillary or allied businesses, such as feed mill, dressing plant, and hatchery. Under the Program, up to 80% of the total project cost may be borrowed with an interest rate based on the prevailing market rate, depending on the term of the loan and credit rating of the borrowers. Short term loans are payable up to one year, while term loans are payable based on project cash flow or payback period but not more than the economic useful life of fixed assets. Since April 2015, LANDBANK has approved loans totaling P26.9 billion under the Poultry Lending Program, with outstanding loans amounting to P12.5 billion supporting 400 borrowers as of end-June 2022. The next run of the LANDBANK AgriSenso Virtual Forum will be held on 30 August 2022 to discuss opportunities for growth for the livestock industry. Through the years, LANDBANK has grown into one of the leading universal banks in the country, while remaining faithful to its social mandate to promote inclusive and sustainable development. On 8 August 2022, the Bank celebrated its 59th anniversary, representing almost six decades of service to the nation.
READ MOREThe Land Bank of the Philippines (LANDBANK) is offering to the investing public the Bureau of the Treasury’s (BTr) 28th Tranche of the Retail Treasury Bonds or RTB-28 with Exchange Offer, starting today (23 August 2022) until 02 September 2022. This forms part of the state-run Bank’s support to the National Government’s thrust of promoting financial inclusion and literacy, while boosting the state’s coffers for various recovery and development projects. Finance Secretary Benjamin E. Diokno, Treasurer of the Philippines Rosalia V. De Leon, and LANDBANK President and CEO Cecilia C. Borromeo led the launch of the latest retail bond offer at the BTr’s Ayuntamiento Building in Manila, with the theme, “Tulong-Sulong sa Pagbangon.” “LANDBANK is once again proud to be the Joint Lead Issue Manager of this latest offering, which reflects the National Government’s continuous thrust in fostering financial inclusivity. It offers Filipinos a safe and secure opportunity to invest hard-earned money, while taking part in nation-building,” said President and CEO Borromeo. The RTB-28 is a five-and-a-half-year bond designed for retail investors as a low-risk and higher-yielding savings instrument. Proceeds of the issuance will help strengthen the country’s agriculture sector, infrastructure, and education and healthcare systems, among others. Interested investors may conveniently purchase RTB-28 for a minimum investment of P5,000 and integral multiples of P5,000 thereafter using the LANDBANK Mobile Banking App, in as fast as five minutes or 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 of RTB-28 can also make online placements through the BTr Online Ordering Facility and settle the payments via the LANDBANK Link.BizPortal online payment platform. Over-the-counter placements are likewise accepted in all LANDBANK branches nationwide. Holders of previously issued bonds, namely FXTN 10-57, RTB 5-11, FXTN 10-58, and RTB 3-10, may also exchange and reinvest their bond holdings for the latest bond offer. LANDBANK is the Joint Lead issue Manager of RTB-28, with settlement scheduled on 07 September 2022. Interest payments will be paid quarterly during the term of the bond. The National Government through the BTr has been issuing RTBs since 2001 as part of its efforts to support financial inclusion and literacy among Filipinos by making government securities more accessible to small investors. Last February 2022, LANDBANK generated a total of P87.8 billion in sales for the previous Retail Treasury Bonds Tranche 27 or RTB-27 issuance. Through the years, LANDBANK has grown into one of the leading universal banks in the country, while remaining faithful to its social mandate to promote inclusive and sustainable development. On 8 August 2022, the state-run Bank celebrated its 59th anniversary, representing almost six decades of service to the nation.
READ MORELANDBANK assisted entrepreneur Ginalyn Joaquin to expand her tricycle ‘rolling store’ (left photo) into a full grocery store in Tuao, Cagayan (right photo). TUAO, Cagayan – Ginalyn Joaquin always dreamt of running her own retail store, similar to the ‘sari-sari store’ her mother used to own when she was a child. But having enough resources to pursue this dream proved to be difficult as her monthly salary was barely enough to make ends meet for the needs of her family. Working as a full-time employee at a sugar milling company, Ginalyn’s salary was just enough to cover their family’s daily living expenses. And when her daughter contracted a serious illness and needed medical care, Ginalyn was forced to look for additional sources of income to afford the health care costs. While keeping her day job, Ginalyn started buying sugar from her employer, which she repacked in smaller amounts and sold to her neighbors. This retail initiative soon evolved into a ‘rolling store’ aboard a tricycle, wherein she sold other essential grocery items across town, including the neighboring municipality of Piat. Through hard work, Ginalyn was able to pay for her daughter’s health care and eventually, was financially stable to resign from her day job and focus on her store. Ginalyn’s business—JP’s Enterprises—continued to grow and was tapped by a noodle brand as an official distributor in the province. However, this required additional working capital, which she did not have at that time. Ginalyn then turned to the Land Bank of the Philippines (LANDBANK) for credit assistance amounting to P30 million under the Emerging Female-Initiated Livelihood and Investment Projects via INclusive Financing to Accelerate Entrepreneurial Growth (FILIPINA) Lending Program, to finance the working capital for JP’s Enterprises. The LANDBANK loan helped Ginalyn expand her business into a full grocery store and become a leading supplier of grocery items in Cagayan, catering to the towns of Tuao, Piat, Sanchez-Mira and Santo Niño, as well as the municipalities of Kabugao and Conner in the province of Apayao. It was also able to generate employment for around 102 locals, a significant increase from the initial 2 workers Ginalyn hired for her previous rolling store. At the height of the COVID-19 pandemic, the grocery store remained open to service customers, and was even tapped by local government units in the province as a supplier of relief goods. “Nagpapasalamat ako sa LANDBANK sa pagkakaroon ng tiwala sa akin at sa business ko. Malaking tulong ang pagkakaroon nila ng programa na sumusuporta sa mga babaeng negosyante tulad ko,” said Ginalyn. Through the Emerging FILIPINA Lending Program, LANDBANK aims to support and empower female entrepreneurs to pursue business ventures such as traditional trade, e-commerce business and food services activities, among others. The Program can finance the working capital, construction or renovation of buildings and facilities related to business operations, and financing of purchase orders from the borrower’s clients. For cooperatives and partner financial institutions, rediscounting and on-lending activities may also be financed. Eligible borrowers include registered micro, small and medium enterprises (MSMEs) majority-owned by women or with majority of its top management, including the Chief Executive Officer (CEO), composed of women. They may borrow up to 80% of the actual project cost and 85% for rediscounting and on-lending activities. Short-term loans and term loans for permanent working capital are payable up to one (1) year and five (5) years, respectively, while term loans for fixed assets and construction of facilities are payable up to ten (10) years. An interest rate of 5% per year shall apply, fixed for the first three (3) years and subject to repricing thereafter. As of end-June 2022, LANDBANK has extended P37.8 million to support five borrowers under the Emerging FILIPINA Lending Program, with the Bank’s outstanding loans to MSMEs totaling P46.6 billion to more than 6,000 borrowers. Through the years, LANDBANK has grown into one of the leading universal banks in the country, while remaining faithful to its social mandate to promote inclusive and sustainable development. On 8 August 2022, the state-run Bank celebrated its 59th anniversary, representing almost six decades of service to the nation.
READ MORELANDBANK Balanga Branch Head Nenita C. Lopez (3rd from right) receives the “Top Performing Bank - Hall of Fame” award from Bataan Governor Jose Enrique S. Garcia III (4th from right) and (R-L) Second District Rep. Albert Raymond S. Garcia, Balanga City Mayor Francis Anthony S. Garcia, Vice Governor Ma. Cristina M. Garcia, and Sangguniang Bayan Member Jowee Nisay-Zabala. BALANGA CITY, Bataan – The Land Bank of the Philippines (LANDBANK) was honored twice by the provincial government of Bataan and the city government of Balanga for its valuable contribution to advancing local recovery and development amid the COVID-19 pandemic. The LANDBANK Balanga Branch ranked among the “Top 25 Highest Business Gross Sales for 2021” and for supporting economic resurgence in Balanga, while also bagging the “Top Performing Bank” award for the third straight year—earning it the prestigious distinction as a “Hall of Fame” awardee. LANDBANK Balanga Branch Head Nenita C. Lopez received the recognitions during the 2022 Galing! Bataan Awards Night and 3rd Invest Balanga Awards Night, anchored on the theme, "Husay at Tatag ng Bataeño, Susi sa Maunlad na Pagnenegosyo” on 29 July 2022 at the Vista Mall-Bataan. “LANDBANK remains at the frontlines in delivering accessible and unhampered banking and financial services to local communities, especially in response to the COVID-19 pandemic. Together with our LGU partners, this forms part of our expanded mandate in serving the nation,” said LANDBANK President and CEO Cecilia C. Borromeo. The awarding event was jointly organized by the City Economic and Investment Development Office (CEIDO) of Balanga and the Provincial Cooperative Enterprise and Development Office (PCEDO) that aims to celebrate the collaboration among local business communities. Through the years, LANDBANK has grown into one of the leading universal banks in the country, while remaining faithful to its social mandate to promote inclusive and sustainable development. On 8 August 2022, the Bank celebrated its 59th anniversary, representing almost six decades of service to the nation.
READ MOREThe Land Bank of the Philippines (LANDBANK) has approved P17.4 billion in loans to 1,220 borrowers nationwide for the production of high-value crops, in line with ensuring food security for the country. The loans will finance the production of highland and lowland vegetables, fruits, as well as industrial crops including abaca and bamboo. Spices, legumes, and alternative food staple crops such as soybean and root crops are also covered for financing under the LANDBANK Sulong Saka Lending Program. “LANDBANK aims to promote the diversification of crop yields of our local farmers alongside ensuring food security. We will continue to support the production of high-value crops in the country through accessible and responsive credit assistance,” said LANDBANK President and CEO Cecilia C. Borromeo. Aside from increased high-value crop production, farmers can avail of loans under the Program to finance related projects such as the establishment of nursery, and budwood or mother and plant or parent clone gardens, as well as for the establishment of new plantations, and the replanting, rejuvenation and rehabilitation of old trees. Financial support under the LANDBANK Sulong Saka Program extends up to post-harvest crop activities such as fermentation and drying, including the processing and manufacturing of crops, like roasting, grinding/milling, packaging, and storing. Trading and export activities may also be financed under the Program. Individual small farm holders may borrow up to 90% for a production loan, while a maximum of 80% may be borrowed by small and medium enterprises (SMEs), cooperatives, farmers associations and organizations, large agribusiness enterprises and corporations, non-government organizations (NGOs) and countryside financial institutions (CFIs). The LANDBANK Sulong Saka Program can also finance up to 80% and 85% of the total project cost for the acquisition of fixed assets and commodity loans, respectively. Local government units (LGUs) may likewise avail of financial support under the Program, provided that the loan amount will not exceed their net borrowing capacity, as certified by the Bureau of Local Government Finance (BLGF). Term loans for working capital and permanent working capital are payable up to one (1) year and three (3) years, respectively, while loans for fixed assets and construction of facilities are payable based on cash flow but not more than its economic useful life. An interest rate of 5% per year shall apply. Through the years, LANDBANK has grown into one of the leading universal banks in the country, while remaining faithful to its social mandate to promote inclusive and sustainable development. On 8 August 2022, the state-run Bank celebrated its 59th anniversary, representing almost six decades of service to the nation.
READ MOREThe Department of Transportation (DOTr) and the Land Bank of the Philippines (LANDBANK) rolled out today the interim operation of the EMV-compliant Automated Fare Collection System (AFCS), geared towards the enhancement and modernization of the urban public transportation system in the country. The AFCS, which allows the convenient use of EMV-compliant contactless credit, debit and prepaid bank cards as cashless payment instruments in public transport modes, will be tested under a real-time operational condition in preparation for its full and commercial implementation. Transportation Undersecretary Cesar B. Chavez, Land Transportation Franchising and Regulatory Board Chairperson Cheloy E. Velicaria-Garafil, Bangko Sentral ng Pilipinas Governor Felipe M. Medalla, and LANDBANK President and CEO Cecilia C. Borromeo, together with participating public transport operators, led the “Interim Operation Launch and Tripartite Memorandum of Agreement Ceremonial Signing” for the Automated Fare Collection System EMV Contactless Pilot Production Testing (AFCS EMV PPT) Project at the Parañaque Integrated Terminal Exchange (PITx) in Parañaque City on 01 September 2022. “LANDBANK fully supports the AFCS project for convenient and safe cashless payments in our PUVs. Through LANDBANK Contactless Cards, we look forward to making the daily journey and payment experience of commuters as seamless as possible,” said President and CEO Borromeo. A total of 150 Public Utility Vehicle (PUV) units in selected pilot sites in the National Capital Region, Central Luzon, Calabarzon, and Metro Cebu will participate in the AFCS PPT. Only LANDBANK prepaid and credit contactless cards will be accepted and processed in the 150 participating PUVs during the first month of the AFCS pilot testing period. Once the necessary regulations or policy has been issued, the LANDBANK AFCS solution can also accept and process the EMV contactless cards issued by other local banks. Commuters can pay for fares using LANDBANK’s Special Edition Transit Cards, Agent Banking Cards (ABC), General Purpose Reloadable (GPR) Cards, Provincial ID e-Cards, and Classic and Gold Credit Cards, among others. LANDBANK already distributed more than 4.5 million LANDBANK contactless EMV cards which can be used in the AFCS solution, with another 1.9 million cards available and ready for claiming by the account owners. Through the years, LANDBANK has grown into one of the leading universal banks in the country while remaining faithful to its social mandate to promote inclusive and sustainable development. LANDBANK supports the modernization of the country’s transportation systems and services as a significant driver toward accelerated economic recovery and inclusive growth.
READ MORE(clockwise from upper left) National Federation of Hog Farmers, Inc. (NFHFI) Chairman Chester Warren Y. Tan; RDF Feed, Livestock & Foods, Inc. (RDF) Founder and CEO Dr. Robert H. Lo; Bureau of Animal Industry – Livestock Research and Development Division (BAI-LRDD) Research and Management Section Head Maria Laarni P. Cerna; and LANDBANK Program Management Department I, Assistant Vice President Edgardo S. Luzano lead the second run of the LANDBANK AgriSenso Virtual Forum, which puts the spotlight on the latest challenges, trends and opportunities in the local livestock industry. The Land Bank of the Philippines (LANDBANK) gathered key agriculture players who underscored the importance of adopting science-based approaches and latest technologies to address the challenges facing livestock raisers and achieve self-sufficiency in meat and dairy production. The second run of the LANDBANK AgriSenso Virtual Forum on 30 August 2022 put the spotlight on the livestock industry and featured National Federation of Hog Farmers, Inc. (NFHFI) Chairman Chester Warren Y. Tan; RDF Feed, Livestock & Foods, Inc. (RDF) Founder and CEO Dr. Robert H. Lo; Bureau of Animal Industry – Livestock Research and Development Division (BAI-LRDD) Research and Management Section Head Maria Laarni P. Cerna; and LANDBANK Program Management Department I Assistant Vice President Edgardo S. Luzano. NFHFI Chairman Tan said that the livestock industry remains resilient despite various challenges caused by climate change, high production costs, global animal diseases, and market slowdown. Many pig farmers, for instance, have already succeeded in their re-population efforts amid threats from the African Swine Fever (ASF) by adopting strict and globally-accepted biosecurity standards, he shared. “The challenge is to educate, teach, and get all farmers to commit and accept the new normal of swine farming. We must learn to live with the virus and protect our farms by strengthening our biosecurity and facilities,” Chairman Tan said. RDF Founder and CEO Dr. Lo likewise believes that embracing innovation is key to overcoming present challenges besetting the livestock industry. He shared innovative approaches that the RDF adopted to manage the impact of ASF and climate change, among others. “The best time to re-populate is now because of the insufficient supply in the market. And if we re-populate, we need to do it right by applying a science-based approach to increase production. With bigger farms and good biosecurity, we can achieve this,” said Dr. Lo. Meanwhile, BAI-LRDD Research and Management Section Head Cerna discussed the country’s roadmap for the livestock industry, and shared the budgetary requirements to implement all the programs and projects included in the plan. LANDBANK Lending Programs LANDBANK Assistant Vice President Luzano discussed available credit programs for hog raisers, as well as stakeholders engaged in dairy production, processing, marketing, and other dairy-based economic activities. Designed in support of National Government efforts to re-populate and increase local hog production, LANDBANK is offering the SWINE (Special Window and Interim Support to Nurture Hog Enterprises) Lending Program to commercial hog raisers registered as cooperatives or farmers’ associations, small and medium enterprises (SMEs), and large enterprises or corporations. As of 31 July 2022, LANDBANK has approved loans totaling P3.2 billion to 25 borrowers under the SWINE Lending Program, with outstanding loans amounting to P1.8 billion. To boost the local dairy industry, LANDBANK also provides credit assistance under the MILK (Masustansiyang Inumin para sa Likas na Kalusugan) Program for qualified cooperatives or associations, federations, countryside financial institutions (CFIs), SMEs, and agri-business entities. A total of P183 million in loans have been approved to seven borrowers under the LANDBANK MILK Program as of end-July 2022, with outstanding loans of P89.4 million. The AgriSenso Virtual Forums form part of LANDBANK’s intensified support to the agriculture sector and addresses the request of customers to learn more about available credit facilities. Each session focuses on a specific agriculture industry or topic, with industry experts and players invited to share insights, best practices, and opportunities for growth. The next run of the LANDBANK AgriSenso Virtual Forum will be held on 12 September 2022 to discuss the legislated programs for individual farmers jointly implemented by LANDBANK and the Department of Agriculture (DA).
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 |
