State-owned Development Bank of the Philippines (DBP) has granted a P750-million revolving credit line to a fledgling energy firm for the manufacture and
The Development Bank of the Philippines (DBP) granted a P750-million revolving credit line to a fledgling manufacturer- exporter of sustainable energy storage systems.
Amber Kinetics Philippines, Inc. (AKPI), local producer of a novel Flywheel Energy Storage System, wil use the loan for its worki
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REUTERSTHAI-OWNED CHAROEN Pokphand Foods Philippines Corp. (CPFPC) has tied up with the Development Bank of the Philippines (DBP) in a credit program that will support farmers seeking to rebuild their depleted hog herds.
DBP eyes credit rating system for Bicol LGUs
21 May 2021, 16:38 GMT+10
LEGAZPI CITY (PIA) State-owned Development Bank of the Philippines (DBP) is working closely with the Department of Finance (DoF), state regulators and multi-lateral lending institutions in establishing a credit rating system for local government units (LGUs), including LGUs in the Bicol region, to mainstream bond flotations as sustainable financing option for local development projects.
DBP President and Chief Executive Officer Emmanuel G. Herbosa said the proposed rating system would provide the bond market with credible risk indicators of individual LGU bonds and information on outstanding bond issues to help boost confidence and risk-appetite of potential investors.