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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Promo Mechanics: Qualified Cards: Mastercard Credit, Debit and Prepaid Cards (including all issuers) LAZADA 10.10 BIG BRANDS SALE Promo Period: October 10, 2021 The Promotion is open to all issuers of active Mastercard Principal or Supplementary Credit, Debit, and Prepaid Cardholders. Promo Offer: Shop at Lazada using your Mastercard on Lazada’s 10.10 Big Brands Sale and enjoy FREE SHIPPING! The Promo is valid on regular and sale items at Lazada. Purchase must be made on October 10, 2021 from 12:00 am to 11:59 pm Philippine time. Discount applies for a minimum transaction amount of P3,000, charged to the Mastercard Credit/Debit/Prepaid Card. Free shipping promo discount is capped at P200. The discount can be availed through collectible vouchers in Lazada and collected from October 9-10, 2021 on the Mastercard x Lazada 10.10 landing page. Voucher is valid for one-time use on October 10, 2021 at the Lazada mobile app only. Discount will apply when the voucher is selected at the Payment Page and the eligible Mastercard Credit/Debit/Prepaid Card is selected as the payment option. Customer must check if voucher is applied before proceeding to final check-out. Discount is not applicable to digital goods, stores with digital goods product/s, milk products for 3 years old below (under the Milk Code) and other goods from blacklisted sellers set by Lazada. Purchase must be made using an eligible Mastercard Credit/Debit/Promise Card on October 10, 2021 only. Free shipping vouchers can be used with other collectible vouchers and voucher codes, except for platform shipping fee vouchers. Transaction must be made within the Promo Period to avail of the Promo. The Promo is valid at Lazada Philippines Smartphone mobile app only. HOW TO AVAIL Via Lazada Mobile App Download the Lazada app for free via App Store for Apple users or Google Play store for Android users. Collect Shipping fee voucher from the Mastercard landing page on Lazada Select the item/s you wish to purchase then click “Add to Cart”. Prepare your card details for the transaction Click the Shopping Cart icon on the right, topmost portion of the screen to view all the items on your Shopping Cart. Select the item/s and applicable shipping fee voucher prior to checking out. Once you have reviewed the items on your Shopping Cart, click “Check Out” Make sure to check if the discount was applied to total billing before proceeding to check out. Enter your shipping and billing information and select the credit card as payment method. Enter your Mastercard Credit/Debit/Prepaid Card details and make sure to check if the discount was applied to total billing before proceeding to place the order. Click “Place Order” to complete the transaction. TERMS AND CONDITIONS: Shipping discount can be used once throughout the valid promo period. Shipping discount is applicable to all Mastercard Credit/Debit/Prepaid Cardholders. Maximum discount is P200 on shipping fee. Shipping discount is applied automatically at the checkout only when the voucher has been successfully collected. Shipping discount is not exchangeable for cash, credit or other goods and services. Shipping discount amount cannot be applied retroactively. Shipping discount is considered fully consumed regardless if total shipping fee is less than discount amount. The use of the voucher is subject to the Lazada Voucher Terms and Conditions. Applicable only to eligible credit card BINs and eligible items. Voucher can be used with other collectible vouchers and voucher codes, except for platform shipping fee vouchers. CUSTOMER SUPPORT For questions or clarifications, please contact Lazada Customer Care by clicking the chat button at  http://www.lazada.com.ph/contact. Terms and conditions apply. Per DTI Fair Trade Permit No. FTEB-126431 Series of 2021.

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

Shopee 10.10

  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

Shopee 10.15

  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.

LANDBANK retail dollar bond sales top US$205-M

  The Land Bank of the Philippines (LANDBANK) contributed US$205.27 million or close to 13% of the US$1.593 billion generated from the maiden Retail Dollar Bond (RDB) offering of the Bureau of the Treasury (BTr). The proceeds will fund infrastructure projects and boost health services to fast-track the country’s ongoing economic resurgence, after suffering from debilitating effects of the COVID-19 pandemic. From 15 September to 1 October 2021, the state-run Bank sold the RDB offer through various investment channels, which allowed Filipino retail investors worldwide to participate in the said offering safely and conveniently. Of LANDBANK’s total RDB sales, US$95 million was raised during the rate-setting auction at the launch event held on September 15. The remaining US$109.94 million and US$329,700 were facilitated via over-the-counter placements at LANDBANK branches and online channels, respectively. About US$203,500 of LANDBANK’s RDB sales online was facilitated through the mobile banking application (MBA) of the Overseas Filipino Bank (OFBank)—the official digital bank of the Philippine government and a subsidiary of LANDBANK. Likewise, US$107,800 was transacted using the LANDBANK MBA, while the remaining US$18,400 was processed through the BTr’s Online Ordering Facility via LANDBANK’s Link.BizPortal. “A significant draw to the RDB offering was the availability of various investment channels that provided greater convenience and accessibility to retail investors worldwide. The wide participation in this offering also demonstrates the increasing appreciation for the government’s affordable and higher-yielding investment instruments that spur economic recovery and development,” said LANDBANK President and CEO Cecilia C. Borromeo. The RDBs are United States (US) dollar-denominated bonds offered at a minimum investment of US$300 and increments of US$100 thereafter, with annual interest rates of 1.375% and 2.25% for the five- and 10-year bonds, respectively. Interest payments will be paid quarterly during the term of the bond. LANDBANK is Joint Lead Issue Manager for the RDB issuance, as part of its continued support to advance greater financial inclusion and raise state resources for timely and responsive recovery and development initiatives.

LANDBANK certified anew to ISO standards amid pandemic

  State-run Land Bank of the Philippines (LANDBANK) has secured continuous certification for ISO 9001:2015 Quality Management System (QMS) and ISO 14001:2015 Environmental Management System (EMS) standards until December 2022, underscoring the Bank’s steadfast commitment to delivering quality financial and support services towards promoting sustainable and inclusive development. Certification International Philippines, Inc. (CIP)—a local consulting company that specializes in ISO recognition—completed the remote second surveillance audit of the Bank’s Head Office, 13 branches, and four field units from July to September 2021. “This recognition is in line with our thrust to promote excellent customer service as part of serving the nation. Next year, we will raise the bar even higher by expanding our performance commitments to include the continued certification to the EMS standards to fully comply with the Sustainable Finance Framework of the Bangko Sentral ng Pilipinas (BSP),” said LANDBANK President and CEO Cecilia C. Borromeo. During the closing meeting on 29 September 2021, CIP commended LANDBANK’s Management System and personnel for its adaptability to the changing demographics, risks, market demands, and innovations in the industry while navigating the challenges of the COVID-19 crisis. “The commitment of the competent LANDBANK personnel is a key driver in its successful maintenance of the Integrated Management System (IMS). LANDBANK remains very strong and is even stronger during the pandemic,” CIP said. CIP also gave positive feedback to the Bank’s regular conduct of Management Review and Field Unit staff meetings, which was classified as an excellent way of constantly reviewing the Bank’s performance. The Bank was also commended for its consistency in upholding internal policies and procedures from the head office to the field units, as sampled units continued to achieve high targets despite the challenging task of physically reporting for work at the height of the pandemic. ISO 9001:2015 is an international standard dedicated to Quality Management Systems (QMS). It outlines a framework for improving quality and a vocabulary of understanding for any organization looking to provide products and services that consistently meet the requirements and expectations of customers and other relevant interested parties in the most efficient manner possible. LANDBANK’s continued certification to the QMS standards is part of its 2021 performance commitments to the Governance Commission for GOCCs (GCG), while the EMS standards signifies the Bank’s continued commitment to the preservation of the environment and the efficient management of its resources.