Centro wants to boost cold chain logistics in PH yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Published April 1, 2021, 7:35 AM
The Development Bank of the Philippines (DBP) granted a P100-million revolving credit line to Centro Manufacturing Corporation (CMC) to finance its assembly of truck bodies, automotive parts and accessories.
The loan will support the production of 3,000 units of various types of trucks and utility vans, with 21 percent, or 630 units, allotted for public utility vehicles (PUVs) in support of the National Government’s PUV Modernization Program, DBP President and Chief Executive Officer Emmanuel G. Herbosa announced on March 30.
DBP President and Chief Executive Officer Emmanuel G. Herbosa
“As the country’s premiere infrastructure bank, DBP prioritizes support to initiatives to develop our transport systems and supply chains,” he explained. “Economic growth and global competitiveness rests on building of networks all over the country.”