The Land Bank of the Philippines (LANDBANK) joined the inauguration of the new world-class Balingasag Public Market in Barangay Waterfall, which is expected to be a center of commerce for the people of Balingasag and its neighboring towns. Balingasag Municipal Mayor Alexis S. Quina alongside LANDBANK Vice President Jimmy P. Arco and Assistant Vice President Josephine B. Mercadal, led the …
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BDO Unibank Inc. (BDO) reaffirms its commitment to sustainable development as it continues to support the growth and expansion of clients’ renewable energy projects which the Bank considers as a priority sector in financing. BDO financed the first renewable energy biomass power plant of Isabela Biomass Energy Corporation (IBEC), a Filipino-owned corporation which uses rice mill waste to generate and …
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Rizal Commercial Banking Corporation (RCBC) has ushered in an exciting and new era of customer experience that goes beyond the traditional definitions of Priority. The RCBC Hexagon Club Priority is the newest exclusive program designed to further enrich banking experience with more distinct perks and privileges that ensure clients get the best potential for their wealth. Optimized priority benefits include …
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The six major digital banking channels of the Land Bank of the Philippines (LANDBANK) posted an unprecedented P5.6 trillion in terms of value in 2022—equivalent to a 126% growth year-on-year—as the Bank continues to ramp-up efforts toward digital and inclusive banking. The state-owned Bank facilitated a total of 155.8 million digital transactions for a 14% increase over the previous year, …
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The February 2023 inflation outturn of 8.6 percent is within the BSP’s forecast range of 8.5 to 9.3 percent. Inflation is projected to remain above the target until early Q4 2023 before decelerating close to the low end of the target range by January 2024 due mainly to negative base effects and the likely decline in global oil and non-oil …
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The Bangko Sentral ng Pilipinas (BSP) forecasts February 2023 inflation rate at range of 8.5 to 9.3 percent, citing the upside risks from higher prices of cooking gas. In a statement on Tuesday, the central bank said elevated prices of key food items, such as pork, fish, egg and sugar, are also expected the additional drivers of the rate of …
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State-run Land Bank of the Philippines (LANDBANK) continues to pour significant financial support to the agriculture sector, with outstanding loans reaching P261.7 billion as of 31 December 2022 for a 5.5% year-on-year growth from P247.9 billion in 2021. LANDBANK’s outstanding loans to the agriculture sector likewise sustained its upward trajectory with an average growth rate of 10.4% from 2012 to …
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Over 10,000 rice farmers from Panay Island in Western Visayas are expected to benefit from the top-of-the-line rice mill plant of Restia Rice Milling Corporation starting June 2023, while also helping to improve rice production and provide post-harvest facilities in the Province of Iloilo. To be located in Brgy. Calaboa in the municipality of Leganes, the 2,472-square-meter rice mill plant …
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The Land Bank of the Philippines (LANDBANK) has tapped the Lake Sebu Countryside Development Multipurpose Cooperative (MPC) to serve as its Agent Banking Partner in this underserved municipality, as part of the Bank’s mandate to advance greater financial inclusion in the country. As a LANDBANK Agent Banking Partner, the Lake Sebu Countryside Development MPC will now offer basic banking services, …
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To further strengthen bilateral relations between the Philippines and Israel, the Land Bank of the Philippines (LANDBANK) and the Israel Embassy explored possible areas of collaboration to advance economic development in the country. Israeli Ambassador to the Philippines Ilan Fluss paid a courtesy visit to LANDBANK President and CEO Cecilia C. Borromeo at the LANDBANK Plaza on 17 January 2023. …
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The Market Monitor Minding the Nation's Business