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DBP lends P150 million to modern PUV maker


DBP lends P150 million to modern PUV maker
Mary Grace Padin
© STAR/ File
DBP lends P150 million to modern PUV maker
MANILA, Philippines State-run Development Bank of the Philippines (DBP) has provided a P150 million loan to Hino Motors Philippines Corp. to support its production and distribution of modern public utility vehicles (PUVs).
In a statement, DBP president and chief executive officer Emmanuel Herbosa said the loan would augment  HMPC’s working capital requirements in the manufacture of commercial vehicles, such as PUVs, trucks and buses.
This, he said, would help HMPC address the increasing demand for modern PUVs nationwide, especially with the surge of approvals under the DBP’s Program Assistance to Support Alternative Driving Approaches (PASADA). ....

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Hino Laguna To Cater To South Luzon's Growing Market


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Hino Motors Philippines, the exclusive manufacturer and distributor of Hino trucks, buses and parts in the Philippines, recently held an agreement signing ceremony for the Hino Laguna dealership.
The dealership agreement signing underscores Hino’s continued commitment and capability to provide Total Support in the new normal. It was graced by Hino Motors Philippines representatives and was followed by the showroom’s blessing. Physical distancing and other health protocols were strictly observed during the event.
“We recognize the developing truck market in Region IV and its potential as an industrial and commercial hub for businesses. Apart from its rich history and strong agro-industrial sector, the Alaminos municipality also has low susceptibility to landslides and flooding, making it a more favorable location for risk management and disaster control. We want to provide the people of S ....

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