National Treasurer Rosalia V. De Leon (center) leads the launching of the 23rd issuance of the Retail Treasury Bonds (RTB 23). She is joined by LANDBANK President and CEO Cecilia C. Borromeo (2nd from right), (from L-R) First Metro Investment Corporation President Rabboni Francis Arjonillo, Security Bank Capital Corporation Managing Director Virgilio O. Chua, DBP President and CEO Emmanuel G. Herbosa, and BDO Capital and Investment Corporation President Eduardo V. Francisco. The Land Bank of the Philippines (LANDBANK) is selling to the general investing public the Bureau of Treasury’s (BTr) 23rd tranche of the Retail Treasury Bonds (RTB 23), aligned with the National Government’s goal of promoting financial inclusion and literacy in the country. Interested investors may purchase RTB 23 with a minimum investment of only P5,000 and in integral multiples thereafter, with an annual fixed interest rate of 4.375% within a 3-year term. The public offer period is currently ongoing until February 6, 2020. LANDBANK President and CEO Cecilia C. Borromeo expressed optimism in drawing a warm public reception for RTB 23, following the highly successful run of RTB 22 and the Premyo Bonds last year. “Our new offering of RTB 23 is a direct response to the growing public demand for safe, affordable, and higher-yielding investment products. Likewise, it reflects the Government’s continuous commitment towards fostering financial inclusivity among Filipino families, where everyone is invited to take part in securing a more financially stable future,” President Borromeo said during the official launch of RTB 23 last January 28. Consistent with the general design of RTBs, RTB 23 caters to the financial capacity of individual investors, referred to as retail investors, to access low-cost, low-risk, and short-term investments which provide higher returns than time deposits. The proceeds generated from RTBs are utilized by the National Government to help fund major socioeconomic projects and initiatives. This year, the BTr is also introducing an Exchange Offer program wherein holders of RTB 3-08, issued on April 11, 2017 and maturing on April 11, 2020, will be allowed to exchange and reinvest their bond holdings for the latest RTB 23 offering at no cost and on improved terms. RTB 23 made more accessible LANDBANK account holders here and abroad can invest in RTB 23 with ease and convenience via online purchase. This is possible through the first-ever Retail Treasury Bond (RTB) Online Facility launched by the BTr in partnership with LANDBANK last year. The RTB Online Facility automates the buying process through an online order form that is linked to LANDBANK Link.Biz Portal—an internet-based payment channel designed to accept payment of fees, dues, and charges from clients of enrolled merchants. Interested investors can avail of RTB 23 until February 6 by logging on to the BTr’s official website (www.treasury.gov.ph) or by visiting the nearest LANDBANK Branch.
READ MORE(Left photo) Caticlan Boracay Transport Mulit-Purpose Cooperative (CBT MPC) Chairman Godofredo B. Sadiasa (center) and LANDBANK Agricultural Development and Lending Sector Head Executive Vice President Liduvino S. Geron (second from right) led the signing of the P135 million-worth loan under the Ferry Boat Inclusive Program (FBIP) for the modernization of the co-op’s fleet of vessels. Also present in the signing are Vice Chairperson Anabelle T. Dalinog (second from left), Treasurer Paulino O. Dela Torre (leftmost) and LANDBANK Capiz Lending Center Head Giovani T. Baoy (rightmost). (Right photo) LANDBANK officials conduct an inspection of a sample fiber-glass boat to be procured by CBT MPC under the loan program with the Bank. As part of the Government’s thrust to help facilitate economic activities through modern ferry boats, the Land Bank of the Philippines (LANDBANK) and the Caticlan Boracay Transport Multi-Purpose Cooperative (CBT MPC) signed a P135-million loan agreement to replace the cooperative’s existing wooden boats to fiber glass. CBT MPC is the principal ferry boat operator plying the Caticlan-Boracay route. However, among their current fleet of 58 vessels, only 9 are steel-hulled or made of fiberglass. Under LANDBANK’s Ferry Boat Inclusive Program (FBIP), the co-op availed of loan to finance the acquisition of brand new and modern ferry boats as replacement to their wooden hulled vessels that are no longer eligible for franchise under the new Maritime Industry Authority (MARINA) rules. Additionally, this partnership will help boat-owners and boatmen of CBT MPC to augment their income and provide safer and more comfortable ride for Boracay tourists, residents, and laborers alike. It will also generate more employment in the community as each modern passenger boat can employ a crew of four as compared to wooden boats with only two. LANDBANK Agricultural Development and Lending Sector Head Executive Vice President Liduvino S. Geron and CBT MPC Chairman Godofredo B. Sadiasa led the signing together with the cooperative’s Vice Chairperson Anabelle T. Dalinog, Treasurer Paulino O. Dela Torre, with the Bank’s Capiz Lending Center Head Giovani T. Baoy and employees from Kalibo Satellite Office. “We would like to thank LANDBANK for this opportunity and we will never forget this partnership. This will be a springboard for a greater CBT MPC probably in the next twenty years,” Sadiasa said. FBIP is part of the Bank’s support to Department of Transportation’s modernization program. Aside from bridging the gap of socio-economic growth among islands, the Bank is also looking to boost the domestic tourism through the acquisition of modern passenger boats as well. “We are committed to nourishing the countryside and promoting financial inclusivity, which includes assisting in the movement of commodities, products, and people that are reliant on maritime transport,” said LANDBANK President and CEO Cecilia C. Borromeo. Riding the waves through more robust vessels FBIP was first launched in 2017 then expanded in 2019 to cater to more interested clients currently involved and looking to be involved in the ferry boat business. With FBIP, the Bank hopes to contribute to the improvement of the agricultural value chain by ushering in safe delivery of fresh goods to the market that require inter-island transportation, while also promoting a modern maritime fleet for the safety and convenience of agri-aqua development players in the country. Small boat owners, cooperatives, and corporations can avail of this financing Program provided that they will pass the franchising policy set by MARINA—the country’s maritime authority tasked to uphold safe domestic ferry travels. Aside from the approval of franchising policy, interested parties should also be compliant with the boat safety standards set by MARINA. Interested borrowers can contact LANDBANK’s 24/7 customer service hotline at (02) 405-7000 or at PLDT Domestic Toll Fee 1-800-10-405-7000, for more information.
READ MORELANDBANK intensified its lending to agriculture with loans reaching P236.31 billion last year, exceeding its yearend target of P231.25 billion. Of this amount, P44.82 billion were outstanding loans to small farmers, fishers, cooperatives, and farmers associations, while P191.49 billion were loans to other players in the agri-business value chain. The bank also exceeded the number of farmers and fishers assisted, registering 1,032,982 or 103% of its yearend target of one million, with significant increase in the number of farmers from the provinces of Maguindanao, Palawan, Ilocos Norte, Abra, and Nueva Vizcaya. LANDBANK will target to assist an additional one million new farmers and fishers for a total of 2 million this year, 2.5 million in 2021, and 3 million in 2022. “Last year, President Duterte directed LANDBANK to do more for agriculture. We responded to the President’s directive by intensifying assistance to the sector, particularly in providing financing interventions to improve farmers’ income and boost productivity,” LANDBANK President and CEO Cecilia C. Borromeo said. Lending Programs To reach more farmers, LANDBANK adopted a direct lending approach especially for programs which it jointly implemented with the Department of Agriculture (DA). One such program is the Expanded Rice Credit Assistance under the Rice Competitiveness Enhancement Fund (ERCA-RCEF) implemented in line with the Rice Tarrifcation Law. In 2019, LANDBANK released P358.25 million in loans to 7,468 farmers. For the Agricultural Competitiveness Enhancement Fund (ACEF), cumulative releases amounted to P1.04 billion as of end-2019 benefitting more than 7,000 farmers and fishers. Another initiative is the Expanded Survival and Recovery Assistance Program for Rice Farmers Program (SURE Aid), which extends credit assistance to small farmers affected by the drop in palay prices. Under the program, P2.07 billion in loans was released to extend immediate financial assistance to 136,648 farmers nationwide. In addition, the implementation of the Socialized Credit Program under the Sugarcane Industry Development Act (SCP-SIDA) for individual sugarcane farmers and block farms, recorded loan releases of P111.37 million directed towards 992 beneficiaries. Meanwhile, in partnership with the Department of Agrarian Reform (DAR), LANDBANK introduced the Accessible Funds for Delivery to Agrarian Reform Beneficiaries which provided loans for production of rice, corn, high-value crops as well as for farm implements. Outstanding loans reached P100.86 million with 523 beneficiaries. Another program for ARBs is the Credit Assistance Program for Program Beneficiaries Development with P580 million loans released to 7,759 agrarian reform beneficiaries. LANDBANK remains as the biggest credit provider to small farmers and fishers and local government units, and the biggest lender to microenterprises and SMEs among government financial institutions.
READ MORELANDBANK President and CEO Cecilia C. Borromeo (center), Zambales Governor Hermogenes E. Ebdane, Jr. (4th from right), and Masinloc Mayor Arsenia J. Lim (3rd from left) lead the ribbon cutting at the inauguration of the LANDBANK Masinloc Branch in Brgy. Inhobol, Masinloc, Zambales. Joining them are Masinloc Vice-Mayor Pedro O. Enciso (2nd form right), LANDBANK offiicals namely (from L-R) Zambales Lending Center Department Manager Ma. Marita S. San Diego, Central Luzon Branches Group First Vice President Sylvia C. Lim, Masinloc Branch Head Ruth B. Panes, Branch Banking Sector Head Executive Vice President Julio D. Climaco, Jr., and Iba Branch Department Manager Emma M. Galvez. In line with its aggressive efforts to promote financial inclusion especially to the unbanked and underserved areas in the country, the Land Bank of the Philippines (LANDBANK) officially inaugurated its new branch in Masinloc, Zambales—the first commercial bank in the 1st class municipality. The Masinloc Branch will provide access to financial services and credit assistance to clients in the area, including neighboring municipalities of Candelaria and Sta. Cruz, covering a total of 54 barangays. This is the 4th LANDBANK branch in the province of Zambales, complementing its operations in Iba, Subic, and Olongapo City. LANDBANK President and CEO Cecilia C. Borromeo led the inauguration alongside Zambales Governor Hermogenes E. Ebdane Jr. and Masinloc Mayor Arsenia J. Lim. They were joined by Masinloc Vice-Mayor Pedro O. Enciso and LANDBANK officials, namely Branch Banking Sector Head Executive Vice President Julio D. Climaco, Jr., Central Luzon Branches Group First Vice President Sylvia C. Lim, Zambales Lending Center Department Manager Ma. Marita S. San Diego, Iba Branch Department Manager Emma M. Galvez, and Masinloc Branch Head Ruth B. Panes. “LANDBANK’s expanding reach in Zambales is a testament to our commitment to support the economic growth of the province. The opening of the Masinloc Branch is also consistent with our inclusive development thrust of establishing additional touchpoints for our priority sectors—the farmers and fishers who are in need of our services the most,” President Borromeo said. LANDBANK is currently servicing more than 10,000 farmers and fishers in the province engaged in rice production, trading, and fishing. Aside from having two Automated Teller Machines (ATMs), the Masinloc Branch also has a Digital Banking Corner installed with the Digital Onboarding System (DOBS), designed to help clients to open new accounts in just 10 to 15 minutes. Clients will also have access to the LANDBANK Link.Biz Portal which facilitates online payments for taxes, application fees, and other dues in 700-enrolled public and private institutions. The Masinloc Branch is the first LANDBANK branch inaugurated this year, to be followed by branches in Mangatarem and Umingan in Pangasinan, Tangub in Misamis Occidental, and Tubigon in Bohol. LANDBANK has a network of 409 branches, 46 lending centers, 2,195 ATMs, and 160 Cash Deposit Machines nationwide.
READ MORELANDBANK West Visayas Branches Group Head First Vice President Delma O. Bandiola along with Corporate Affairs Department Head Assistant Vice President Vivian M. Cañonero, and field unit officers and employees in Panay area joined the Festive Parade as part of the celebration of the Dinagyang Festival 2020. ILOILO CITY – Dinagyang Festival, once hailed as the “Best Tourism Event in the Philippines”, further upped its ante this year with the introduction of innovations that made it more inclusive and immersive for both locals and tourists. Among the novelties in Dinagyang 2020 are: 1) The 360-degree Ati Tribe dance competition where the Ati tribe dancers perform in an arena-type stadium while spectators surround them; 2) The Dagyang Calle Real to encourage the residents join in the traditional “sadsad” or community street dancing, and; 3) An art festival held at the historic Iloilo Esplanade to stay true to this year’s theme, “Perfect Vision: Celebrating the Ilonggo spirit in honor of Señor Santo Niño.” Derived from the Hiligaynon term revelry or merrymaking, Dinagyang celebrates the historical event when a replica of the Señor Santo Niño was first brought to Iloilo City from Cebu City by the San Jose Parish. Addressing the audience during the Festival, Iloilo City Mayor Jerry Treñas expressed his gratitude to everyone who helped put up the grandest Dinagyang Festival celebration to date, including the Land Bank of the Philippines (LANDBANK). With LANDBANK being a major sponsor in Dinagyang 2020, some LANDBANK personnel in Panay area, led by West Visayas Branches Group Head First Vice President Delma O. Bandiola together with Assistant Vice President Vivian M. Cañonero of the LANDBANK Corporate Affairs Department, joined the Festive Parade. The LANDBANK Iloilo City Branch also put up a booth to accommodate inquiries from potential clients and to exhibit the products and services of the Bank to the festival goers. “We laud the City Government of Iloilo, led by Mayor Jerry Treñas, and the Iloilo Festivals Foundation, Inc. for the safe and successful celebration of Dinagyang 2020. We look forward to strengthening our partnership and contributing to the City Government’s development. Through this, we will be able to boost our assistance to the farmers and fishers in the City and the Province of Iloilo,” LANDBANK President and CEO Cecilia C. Borromeo The City and the Province of Iloilo are among the valued clients of LANDBANK in Western Visayas. The partnership with these government institutions benefited the Bank’s priority sectors, with total loan releases of P1.88B to small farmers and fishers in the Province as of end-December 2019. Through the years, LANDBANK has solidified its presence not only in Iloilo City but in the whole province as well. The Bank has 10 branches and one (1) LANDBANK Easy Access Facility (LEAF) complemented by 40 ATMs and four (4) CDMs in the province to cater to the banking needs of the Ilonggos. The Bank also conducted a Financial Inclusion Caravan in Barotac Nuevo, Iloilo in 2017 to bring banking services to the unbanked and underserved in the area. LANDBANK is looking at further strengthening this partnership through development and infrastructure projects that the City Government can pursue with the Bank.
READ MOREDINALUPIHAN, Bataan – In their continuing efforts to aid rice farmers throughout the country, the Department of Agriculture (DA) and Land Bank of the Philippines (LANDBANK) continued with the roll-out of the Rice Farmer Financial Assistance (RFFA) Program in Dinalupihan, Bataan last February 3, 2020. Agriculture Secretary William D. Dar and LANDBANK Executive Vice President Julio D. Climaco, Jr. led the awarding of LANDBANK Cash Cards to 276 rice farmers from Pampanga and 377 rice farmers from Bataan, loaded with P5,000 each or a total of P3.27 million in cash assistance. They are joined by Bataan Governor Albert S. Garcia, Dinalupihan Mayor Gila S. Garcia, DA OIC Regional Executive Director for Region III Crispulo G. Bautista, Jr., LANDBANK Central Luzon Branches Group Head First Vice President Sylvia C. Lim, and LANDBANK Bataan Lending Center Head Melissa V.A. Abundo. The RFFA Program aims to give P5,000 financial assistance each to rice farmers tilling 0.5 to 2 hectares of land in 33 provinces nationwide. The national government has allocated P3 billion in 2019 to fund the Program, which would benefit a total of 600,000 rice farmers affected by the decrease of palay prices. LANDBANK, as a disbursing agent, will distribute P1.5 billion or half of the RFFA Program Fund to 300,000 rice farmers, while the balance will be disbursed by the Development Bank of the Philippines (DBP). As of February 3, 2020, a total of 5,822 LANDBANK Cash Cards totalling P29.1 million in cash assistance have been distributed to rice farmers nationwide since the Program was launched in December 2019, broken down as follows: Pangasinan – 499; Ilocos Norte – 1,965; Nueva Ecija – 480; Zamboanga Del Sur – 963; North Cotabato – 1,262; Bataan – 377; Pampanga – 276. “LANDBANK continues to strengthen its partnership with the Department of Agriculture by supporting its various programs, such as the RFFA, to further intensify our support to small palay farmers,” said LANDBANK President and CEO Cecilia C. Borromeo. Farmers from the provinces of Apayao, Kalinga, Ifugao, Davao de Oro (formerly Compostela Valley), Davao del Sur, Davao del Norte, and Davao Oriental were also identified to receive the assistance from future roll-outs of the RFFA Program.
READ MOREState-owned Land Bank of the Philippines (LANDBANK) continued to intensify its support to the agriculture sector as it introduced seven (7) new agri-lending programs which include programs initiated by the Department of Agriculture (DA) as a direct response to the rice crisis. “All these new lending facilities, along with the other existing programs, will help address the specific requirements of the various players in the agriculture sector,” said LANDBANK President and CEO Cecilia C. Borromeo. The first special lending program launched in 2019 was the P10-billion PAlay aLAY sa Magsasaka ng Lalawigan (PALAY ng Lalawigan) Program to assist rice-producing provinces by enabling local government units (LGUs) to procure palay produced by their local farmers, as well as to acquire farm machineries and post-harvest facilities. Last year, a total of P3.2 billion in loans was approved for the Provinces of Isabela, Nueva Ecija and Camarines Sur. The second loan program was the Expanded Survival and Recovery Assistance Program for Rice Farmers (SURE Aid Program) under the DA, which extended credit assistance to small farmers tilling one (1) hectare of land and below. Under the Program, a total of P2.07 billion in loans were provided as immediate financial assistance to 136,648 farmers nationwide. The DA and LANDBANK also launched the Rice Farmer Financial Assistance (RFFA) Program, an unconditional cash transfer program which aims to give P5,000 financial assistance each to rice farmers tilling 0.5 to 2 hectares of land in 33 provinces nationwide. As of February 3, 2020, a total of 5,822 LANDBANK Cash Cards totalling more than P29 million in cash assistance have been distributed to rice farmers in Pangasinan, Ilocos Norte, Nueva Ecija, Zamboanga del Sur, North Cotabato, Bataan and Pampanga. LANDBANK also partnered with the Department of Agrarian Reform (DAR) to introduce the Accessible Funds for Delivery to Agrarian Reform Benefeciaries (AFFORD-ARBs) Program which provided loans to finance the production of rice, corn, high-value crops, as well as farm implements. Outstanding loans for this Program in 2019 reached P100.86 million, which was availed by 523 farmer-borrowers and a cooperative. The three (3) other new programs recently launched by the Bank are the Sulong Saka Program promoting high value crops production, the Sustainable Aquaculture Lending Program (SALP) to finance projects within the value chain of fishery, mariculture and aquaculture, and the Greenhouse Farming System Financing Program to help farmers, cooperatives and agri-entrepreneurs shift to modern farming by adopting the greenhouse farming technology.
READ MOREIn its continuing effort to intensify support to the country’s agriculture sector, Land Bank of the Philippines (LANDBANK) has started implementing a major directional shift in its lending programs to the individual small farmers and fishers. LANDBANK President and CEO Cecilia C. Borromeo said the Bank aggressively pursued three (3) legislated lending programs last year in partnership with the Department of Agriculture (DA) that directly benefitted individual farmers. “We have taken a major shift of lending directly to farmers especially for programs which we are jointly implementing with other government agencies, particularly the Department of Agriculture,” said President Borromeo. One of the DA programs that LANDBANK supported in 2019 was the Expanded Rice Credit Assistance under the Rice Competitiveness Enhancement Fund (ERCA-RCEF), which the Bank implemented in line with the Rice Tarrification Law, with P358.25 million in loans released to 7,468 farmers. LANDBANK also aggressively offered farmers financial support through the DA’s Agricultural Competitiveness Enhancement Fund (ACEF) lending program, which resulted to a significant increase in loans from P154.3 million in June 2019 to P1.04 billion as of yearend 2019, benefiting more than 7,000 farmers. Likewise, the implementation of the Socialized Credit Program under the Sugarcane Industry Development Act (SCP-SIDA) for individual sugarcane farmers, block farms, and common service centers also recorded an increase in 2019, with loans doubling to P111.37 million, assisting 992 farmers. Last year, LANDBANK intensified its lending to agriculture with loans reaching P236.31 billion, exceeding its yearend target of P231.25 billion. The bank also exceeded the number of farmers and fishers assisted, registering 1,032,982 or 103% of its yearend target of one million.
READ MOREState-owned Land Bank of the Philippines (LANDBANK), in partnership with other government agencies, continued to be a conduit of the social protection programs of the national government as it released a total of P94.36 billion in cash grants to 9,670,434 beneficiaries in 2019 for this purpose. In partnership with the Department of Social Welfare and Development (DSWD), LANDBANK distributed a total of P73.94 billion to 4.4 million beneficiaries of the Conditional and Cash Transfer (CCT) Program, and P18.15 billion to 5.16 million beneficiaries of the Unconditional Cash Transfer (UCT) Program of the Department. The Bank also supported the Pantawid Pasada Program (PPP), a fuel subsidy program of the Department of Transportation (DOTr) and the Land Transportation Franchising and Regulatory Board (LTFRB) for jeepney drivers and operators, with a total of P2.27 billion released to 110,434 beneficiaries nationwide. “As LANDBANK aggressively pursues programs that intensifies our support to the agriculture sector, we have complemented this with our continuous efforts to support the national developmental agenda especially in alleviating poverty, and to fulfill our function as the main depository and servicing bank of the government,” said LANDBANK President and CEO Cecilia C. Borromeo. The identified beneficiaries under these social intervention programs were given LANDBANK ATM Cash Cards where cash grants are credited every two months for CCT, while the UCT and PPP are credited only upon the request of DSWD and LTFRB, respectively. Also in December last year, LANDBANK entered into a Memorandum of Agreement (MOA) along with 13 other government agencies for the Expanded Partnership Against Hunger and Poverty Program (EPAHP), designed to mitigate hunger, promote food security, and reduce poverty in the country by year 2030. The Bank committed P2 billion to lend to community-based organizations that supply the requirements for feeding programs.
READ MOREHAMTIC, Antique – Melbert Gabriel Fadrigo sailed oceans and seas for seven years before deciding to retire and return to his family’s rice and corn farm in this town. With the help of Land Bank of the Philippines (LANDBANK), Fadrigo availed of the Agricultural Competitiveness Enhancement Fund (ACEF) for the acquisition of his brand-new four-wheeled tractor with rotavator. “Sa una ang tingin mo sa farming, parang mahina ang kita. Pero habang tumatagal na, makikita mo na basta may tamang diskarte at equipment, malaki rin talaga ang kikitain. Bakit ka pa magbabarko kung yung kikitain mo dun, kikitain mo rin dito sa lupa?” Fadrigo explained. The youngest among three siblings, Fadrigo learned of the hardships that come with the manual tilling of land at an early age, accompanying his father plant rice and corn seeds in their 12-hectare agricultural land while he was still in high school. Back then, farming was laborious. Plowing a hectare of their land took two to three days using their trusted carabao. It also cost them more as their kuliglig or improvised tractors required more crude oil to run, more workers to operate, and more time needed to cultivate their land as compared to modern tractors. Before turning to full-time farming, Fadrigo first tried his luck as a cook in a cargo ship in 2010. Even then, he knew that his father needed someone who could continue their family’s legacy in farming. Fadrigo finally decided to take over the management of the family’s farm from his father in 2017. But he knew that he needed to adopt modern technology in order to increase their farm’s productivity. “Kinausap ko yung father ko na kumuha kami ng isang tractor kasi napaghuhulihan talaga kami kapag kuliglig ang gamit. Nung una nagbabayad pa kami sa isang co-op para maka-renta ng tractor. Doon namin nakita na iba talaga kapag may tractor ka dahil mas mabilis at maayos ang pagtatanim sa lupa,” Fadrigo explained. LANDBANK assisted Fadrigo in reaching for his aspiration to mechanize their farming methods. A year after he decided to become a full-time farmer, Fadrigo’s application for the ACEF program was approved by LANDBANK Antique Satellite Office, making him the first-ever ACEF availer in the province. This enabled him to procure the Php900,000-priced tractor. Since Fadrigo acquired the tractor, their productivity and income significantly increased. From spending two to three days for land preparation, they can now complete the job in just two hours for one hectare of land. Using his tractor, he was also able to earn extra income by servicing neighbouring farms in the localities of Hamtic, San Jose, Sibalom, and Tobias Fornier, which he charges for Php3,000 to Php6,000 depending on the land size. And since availing of the ACEF program, he has employed six regular farm workers to man their farm and operate their equipment. “Ang laking tulong talaga ng ACEF dahil dito nabili namin yung tractor, gumaan yung trabaho namin, at higit sa lahat lumaki ang kita namin. Kaya malaki ang pasasalamat ko sa LANDBANK sa tulong na nabigay nila sa amin,” Fadrigo shared. Moving forward, Fadrigo hopes to expand his business to rice trading by acquiring his own solar and mechanical dryers, and warehouse, also with the help of LANDBANK. The ACEF Lending Program is a joint program of the Department of Agriculture and LANDBANK which aims to provide necessary credit to farmers and fishers, their cooperatives and associations, and micro and small enterprises to increase their productivity, and to enhance the competitiveness of agricultural players. Interested borrowers may contact LANDBANK’s Programs Management Department I (PMD I) at tel. nos. 8-522-0000 locals 7450, 2992, 2804 or go to the nearest LANDBANK Lending Center, for more information.
READ MOREAs of Tue, April 22, 2025
| Buying | Selling | |
|---|---|---|
| USD | 56.25 | 56.8 |
| JPY | 0.391351 | 0.406875 |
| EUR | 63.419727 | 65.931162 |
| GBP | 73.821318 | 76.744658 |
| HKD | 7.228127 | 7.773442 |
As of Mon, April 21, 2025
| UITF | NAVPU |
|---|---|
| Cash Management Fund | 1.5569 |
| Money Market Fund | 1.310209 |
| Money Market Plus Fund | 1.222661 |
| PERA Money Market Fund | 1.023321 |
| Medium-Term Bond Fund | 2.469623 |
| Bond Fund | 2.023011 |
| PERA Bond Fund | 1.198595 |
| Balanced Fund | 2.57789 |
| Growth Fund | 2.556459 |
| Alpha Equity Fund | 2.94191 |
| Blue Chip Equity Fund | 0.952105 |
| Equity Fund | 0.770082 |
| High Dividend Equity Fund | 1.003473 |
| US$ Money Market Fund | 1.431459 |
| Global $ Fund | 1.513324 |
