Published January 8, 2021, 5:00 AM
The Development Bank of the Philippines (DBP) granted a P645-million loan to expand the banana flour and coconut sugar manufacturing facilities of Hijo Superfoods, Inc. (HSI).
The bank’s credit support to “Project Honeycomb” of HSI, a start-up unit of the Hijo Resources Group, would boost its export products and provide livelihood for local farmers and suppliers, says DBP President and Chief Executive Officer Emmanuel G. Herbosa.
DBP President and Chief Executive Officer Emmanuel G. Herbosa
“DBP has always been supportive of the initiatives of our local industries benefiting, not just the local community but promoting the country through their world-class products,” he explained.
Published January 3, 2021, 6:00 AM
The Development Bank of the Philippines (DBP) granted a P416-million credit line to the country’s first large-scale offshore mining firm, JDVC Resources Corporation.
The loan will boost JDVC’s local production of iron ore to meet rising demand as the global economy recovers, according to DBP President and Chief Executive Officer Emmanuel G. Herbosa.
DBP President and Chief Executive Officer Emmanuel G. Herbosa
“Supporting commercially viable and ecologically sound businesses is part of our drive to usher in economic growth in the country,” he noted.
JDVC is the Philippines’ first large-scale offshore iron sand (Fe3O4) mining company operating in Cagayan province.
CALAMBA CITY, Laguna, Dec 29, (PIA) State-owned Development Bank of the Philippines (DBP) was cited by a renowned international multi-media firm for its bond issuance last year, which was aimed at raising funds to bankroll projects on the environment and financial inclusion, a top official said.
DBP President and Chief Executive Officer Emmanuel G. Herbosa said the bank’s maiden issuance of ASEAN Sustainability Bonds, amounting to P18.125-billion, won as Best Sustainability Bond – Financial Institution in The Asset Country Awards 2020 presented by Hong Kong-based financial publication The Asset.
“We take pride and honor for this achievement as it recognizes DBP’s role as a catalyst for inclusive development,” Herbosa said. “As a development financing institution, DBP has always been at the forefront of sustainable development and environment protection.”
DBP bags international award for first ASEAN bond issuance europesun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from europesun.com Daily Mail and Mail on Sunday newspapers.
Published December 29, 2020, 5:30 AM
An international multi-media firm cited the Development Bank of the Philippines (DBP) for its maiden issuance of P18.125-billion ASEAN Sustainability Bonds last year.
The bonds, meant to bankroll projects on the environment and financial inclusion, won as Best Sustainability Bond – Financial Institution, in The Asset Country Awards 2020 of the Hong Kong-based financial publication The Asset.
DBP President and Chief Executive Officer Emmanuel G. Herbosa
“As a development financing institution, DBP has always been at the forefront of sustainable development and environment protection,” remarked DBP President and Chief Executive Officer Emmanuel G. Herbosa.
“We take pride and honor for this achievement as it recognizes DBP’s role as a catalyst for inclusive development,” he noted.