Trending News: DA seeks more funding for agri investmentsLeptospirosis cases 11% higher from Jan. 1 to Sept. 7Cop, 2 others yield P13.6-M shabu in Zamboanga buy bustPAGCOR holds mall exhibit for 2024 photo contest winning entriesMalaysian PM visits PH booth in Kuala Lumpur halal expoAllies’ grants for add’l assets to boost WPS patrols welcome: NMCDuterte narco-list was used as hit list: ex-Iloilo City mayor1st Asian Mixed Martial Arts Manila Open set Oct. 14-16Transportation at forefront of economic growth – DOTrAnwar Calls For State-Federal Collaboration To Modernise Land AdministrationNograles urges outstanding gov’t workers to continue inspiring othersBursa Malaysia Ends Higher As US Interest Rate Cut Lifts Regional SentimentTourism’s CO2 emission, demand for water, energy up in 2023Gov’t Mulls More funding For Repatriation Of Historical Artifacts – Ahmad ZahidPH, Malaysia navies commit to upholding regional stabilityFlood: Families Evacuated To PPS Eligible To Receive RM1,000 From State Govt – SanusiLTO to offer driver’s license renewal for OFWs in Taiwan19 Individuals Including GISBH CEO And Wife Remanded For A WeekLeyte villagers welcome opening of town’s 1st hospitalFahmi Offers Condolences To Veteran Composer Ooi Eow Jin’s FamilyAUB to integrate nat’l ID eVerify in branch banking servicePrime suspects in Batangas beauty queen’s disappearance nabbedBOC seizes P20-M unmarked fuel in Navotas3 nabbed, P2.5-M shabu seized in Taguig, Parañaque anti-drug opsRinggit Opens Slightly Lower Against US Dollar, Rises Vs Other Major CurrenciesPBBM sees need to give lands to agri grads to attract new-gen farmersPenang Awards RM553,200 In Incentives To SUKMA Medal WinnersDBM OKs P396.374-M fund for PNP’s motor vehiclesNumber Of Flood Victims In Kedah Continues To Rise, Penang, Perlis Record DecreaseProsecutors drop coercion, detention suits vs. Taguig mayor, othersSyariah Court To Determine Lineage Of Children Linked To GISBH – Mohd Na’imDA logs P107-M agri losses due to Ferdie, ‘habagat’Unveiling Hidden Threats Of Smoking, Vaping On Loved OnesDOJ brings free legal, medical services to women inmates in DavNorComelec: Poll bets must register digital campaign platformsMAHA 2024 Hits Three Million Visitor Target As Of Sept 18 – MohamadVietnamese agricultural products, food displayed in IndiaKPWKM’s Actions On ‘Abang Bas’, GISB Comply With Law – NancyBa Ria – Vung Tau aims for sustainable husbandry with hi-techOpposition Can Propose New MoU Draft For Allocations – DPM FadillahVietnamese communities in Hong Kong, Macau extend support to flood-affected regions at homeVietnamese community joins hands for Czech Republic’s flood relief effortsReduced DMW budget for 2025 to hurt programs for OFWs: solonVice President attends fourth Eurasian Women’s ForumPenang To Discuss Assistance For Flood VictimsParty General Secretary, President receives Cuban ambassadorMusang King Durian Brand Protected For Another Decade – Mohamad SabuUN Special Rapporteur highly values Vietnam’s progressVietnam urges CLMV countries to boost economic cooperationVietnam’s tech giant opens third office in JapanTay Ninh attracts 22 new FDI projects so far this yearVietnam supports UNGA’s resolution regarding occupied Palestinian territoriesAhmad Zahid Joins Thousands In Kluang Berselawat ProgrammeVietnam, Singapore promote economic, technology, investment connectivityNAFAS Launches Liquid Fertiliser Peladang 25MIHAS 2024: Tun Abdullah Receives Special Halal Development Excellence AwardUSM Opens Doors For Underprivileged Students With Flexible Fee PlansAnwar Calls On FAM To Provide Plan, KPI For Harimau Malaya – KBSATBC: Malaysia Strikes Double Gold In BangkokChina Open: Yew Sin-Ee Yi Cruise Into Men’s Doubles QuarterfinalsACL 2: Selangor Hold Muangthong Utd in Group H OpenerFormer Investment Banker Charged With Unlicensed Fund Management, MisrepresentationPM Makes Personal Donation To Perlis Flood VictimsUNESCO-listed rice-fish-duck ecosystem benefits SW China’s GuizhouMalaysia Firm In Defending Sovereignty, Resolving Issues Through Dialogue – AdlyJohnson and Johnson Commemorates 50 Years In Singapore With A Series Of Events Marking A Remarkable MilestoneElephant Food Bank: A Solution For Human-elephant Conflict – ChanChina Eagerly Awaits King’s First State Visit In 10 Years – Malaysian AmbassadorVale, MPM Team Up To Organize Manjung Run 2024Mobile Phone Ban Proposal For KLIA Counter Immigration Officers – Azam BakiFBM KLCI Futures Mostly Higher In Early TradeJBPM Receives 2,575 Fallen Tree Reports, Selangor Records HighestKing Departs For China On Four-day State VisitMalaysia Needs More Reforms To Reach High-Income Nation Status – EconomistHigher Number Of Flood Evacuees In Kedah, Penang And Perlis This MorningGlobal alternatives markets on course to exceed $30tn by 2030 – Preqin forecastsHearsay Claims By Witnesses Should Be Expunged – Najib’s LawyerKluang Offers Residents A Leisurely And Harmonious LifestyleSalary Structure For Engineers Need To Be Reassessed – FadillahGold Futures Close Higher After Fed’s Bumper Rate CutPolice Increase Surveillance, Patrolling In Flood Affected Areas To Avoid Theft, LootingAhmad Zahid Urges Respect For Family of Late Mahkota RepMonthly Jimat Sale Programme To Benefit Armed Forces FamiliesMahkota Polls: No Commitments To assist Any Party’s Campaign, Says MUDABN Never Permitted Any Party To Use Its Name, ‘Dacing’ Symbol – Dr ZambryBNM Unlikely To Follow US Fed Rate Cut, Eyes Domestic And Global ConditionsMalaysia’s Exports And Imports Of Goods To Recover, Rebound This Year — MIDFAirAsia Eyes Expansion In Eastern Indonesia With New RoutesBina Darulaman Says External Auditor’s Resignation A Routine Governance PracticeAirAsia, Airbus Partner For ASEAN Aviation SustainabilityAir Passenger Traffic Up 12.7 Pct To 8.7 Mln In August 2024 – MAVCOMZycus Named Leader In Supplier Value Management Platforms By ForresterMalaysian REITs Witness Positive Growth In 2024 Despite Global Challenges – MRMARHB IB Lifts 2024 TIV Forecast To 790,000 UnitsGuangdong Province Gears Up For 136th Canton Fair Next MonthSMART Modular Technologies Flash Memory Drives Feature SEU Mitigation For Remote ApplicationsAM Best Maintains Stable Outlook On China’s Non-life Insurance SegmentMedidata Recognised As Leader In Electronic Data Capture By Everest GroupMIDA Partners MIER To Strengthen Malaysia’s Investment ClimateSDCG Optimistic On Growth Amid Lower Costs, Green Incentives
Fri. Sep 20th, 2024
Trending News: DA seeks more funding for agri investmentsLeptospirosis cases 11% higher from Jan. 1 to Sept. 7Cop, 2 others yield P13.6-M shabu in Zamboanga buy bustPAGCOR holds mall exhibit for 2024 photo contest winning entriesMalaysian PM visits PH booth in Kuala Lumpur halal expoAllies’ grants for add’l assets to boost WPS patrols welcome: NMCDuterte narco-list was used as hit list: ex-Iloilo City mayor1st Asian Mixed Martial Arts Manila Open set Oct. 14-16Transportation at forefront of economic growth – DOTrAnwar Calls For State-Federal Collaboration To Modernise Land AdministrationNograles urges outstanding gov’t workers to continue inspiring othersBursa Malaysia Ends Higher As US Interest Rate Cut Lifts Regional SentimentTourism’s CO2 emission, demand for water, energy up in 2023Gov’t Mulls More funding For Repatriation Of Historical Artifacts – Ahmad ZahidPH, Malaysia navies commit to upholding regional stabilityFlood: Families Evacuated To PPS Eligible To Receive RM1,000 From State Govt – SanusiLTO to offer driver’s license renewal for OFWs in Taiwan19 Individuals Including GISBH CEO And Wife Remanded For A WeekLeyte villagers welcome opening of town’s 1st hospitalFahmi Offers Condolences To Veteran Composer Ooi Eow Jin’s FamilyAUB to integrate nat’l ID eVerify in branch banking servicePrime suspects in Batangas beauty queen’s disappearance nabbedBOC seizes P20-M unmarked fuel in Navotas3 nabbed, P2.5-M shabu seized in Taguig, Parañaque anti-drug opsRinggit Opens Slightly Lower Against US Dollar, Rises Vs Other Major CurrenciesPBBM sees need to give lands to agri grads to attract new-gen farmersPenang Awards RM553,200 In Incentives To SUKMA Medal WinnersDBM OKs P396.374-M fund for PNP’s motor vehiclesNumber Of Flood Victims In Kedah Continues To Rise, Penang, Perlis Record DecreaseProsecutors drop coercion, detention suits vs. Taguig mayor, othersSyariah Court To Determine Lineage Of Children Linked To GISBH – Mohd Na’imDA logs P107-M agri losses due to Ferdie, ‘habagat’Unveiling Hidden Threats Of Smoking, Vaping On Loved OnesDOJ brings free legal, medical services to women inmates in DavNorComelec: Poll bets must register digital campaign platformsMAHA 2024 Hits Three Million Visitor Target As Of Sept 18 – MohamadVietnamese agricultural products, food displayed in IndiaKPWKM’s Actions On ‘Abang Bas’, GISB Comply With Law – NancyBa Ria – Vung Tau aims for sustainable husbandry with hi-techOpposition Can Propose New MoU Draft For Allocations – DPM FadillahVietnamese communities in Hong Kong, Macau extend support to flood-affected regions at homeVietnamese community joins hands for Czech Republic’s flood relief effortsReduced DMW budget for 2025 to hurt programs for OFWs: solonVice President attends fourth Eurasian Women’s ForumPenang To Discuss Assistance For Flood VictimsParty General Secretary, President receives Cuban ambassadorMusang King Durian Brand Protected For Another Decade – Mohamad SabuUN Special Rapporteur highly values Vietnam’s progressVietnam urges CLMV countries to boost economic cooperationVietnam’s tech giant opens third office in JapanTay Ninh attracts 22 new FDI projects so far this yearVietnam supports UNGA’s resolution regarding occupied Palestinian territoriesAhmad Zahid Joins Thousands In Kluang Berselawat ProgrammeVietnam, Singapore promote economic, technology, investment connectivityNAFAS Launches Liquid Fertiliser Peladang 25MIHAS 2024: Tun Abdullah Receives Special Halal Development Excellence AwardUSM Opens Doors For Underprivileged Students With Flexible Fee PlansAnwar Calls On FAM To Provide Plan, KPI For Harimau Malaya – KBSATBC: Malaysia Strikes Double Gold In BangkokChina Open: Yew Sin-Ee Yi Cruise Into Men’s Doubles QuarterfinalsACL 2: Selangor Hold Muangthong Utd in Group H OpenerFormer Investment Banker Charged With Unlicensed Fund Management, MisrepresentationPM Makes Personal Donation To Perlis Flood VictimsUNESCO-listed rice-fish-duck ecosystem benefits SW China’s GuizhouMalaysia Firm In Defending Sovereignty, Resolving Issues Through Dialogue – AdlyJohnson and Johnson Commemorates 50 Years In Singapore With A Series Of Events Marking A Remarkable MilestoneElephant Food Bank: A Solution For Human-elephant Conflict – ChanChina Eagerly Awaits King’s First State Visit In 10 Years – Malaysian AmbassadorVale, MPM Team Up To Organize Manjung Run 2024Mobile Phone Ban Proposal For KLIA Counter Immigration Officers – Azam BakiFBM KLCI Futures Mostly Higher In Early TradeJBPM Receives 2,575 Fallen Tree Reports, Selangor Records HighestKing Departs For China On Four-day State VisitMalaysia Needs More Reforms To Reach High-Income Nation Status – EconomistHigher Number Of Flood Evacuees In Kedah, Penang And Perlis This MorningGlobal alternatives markets on course to exceed $30tn by 2030 – Preqin forecastsHearsay Claims By Witnesses Should Be Expunged – Najib’s LawyerKluang Offers Residents A Leisurely And Harmonious LifestyleSalary Structure For Engineers Need To Be Reassessed – FadillahGold Futures Close Higher After Fed’s Bumper Rate CutPolice Increase Surveillance, Patrolling In Flood Affected Areas To Avoid Theft, LootingAhmad Zahid Urges Respect For Family of Late Mahkota RepMonthly Jimat Sale Programme To Benefit Armed Forces FamiliesMahkota Polls: No Commitments To assist Any Party’s Campaign, Says MUDABN Never Permitted Any Party To Use Its Name, ‘Dacing’ Symbol – Dr ZambryBNM Unlikely To Follow US Fed Rate Cut, Eyes Domestic And Global ConditionsMalaysia’s Exports And Imports Of Goods To Recover, Rebound This Year — MIDFAirAsia Eyes Expansion In Eastern Indonesia With New RoutesBina Darulaman Says External Auditor’s Resignation A Routine Governance PracticeAirAsia, Airbus Partner For ASEAN Aviation SustainabilityAir Passenger Traffic Up 12.7 Pct To 8.7 Mln In August 2024 – MAVCOMZycus Named Leader In Supplier Value Management Platforms By ForresterMalaysian REITs Witness Positive Growth In 2024 Despite Global Challenges – MRMARHB IB Lifts 2024 TIV Forecast To 790,000 UnitsGuangdong Province Gears Up For 136th Canton Fair Next MonthSMART Modular Technologies Flash Memory Drives Feature SEU Mitigation For Remote ApplicationsAM Best Maintains Stable Outlook On China’s Non-life Insurance SegmentMedidata Recognised As Leader In Electronic Data Capture By Everest GroupMIDA Partners MIER To Strengthen Malaysia’s Investment ClimateSDCG Optimistic On Growth Amid Lower Costs, Green Incentives
Fri. Sep 20th, 2024

Recto pushes for LandBank, DBP charter amendments

MANILA: Finance Secretary Ralph G. Recto has said the Department of Finance (DOF) is exploring the amendments to the charters of the Land Bank of the Philippines (LandBank) and Development Bank of the Philippines (DBP) “to broaden capital market”.

In a statement on Thursday, the finance department said Recto made the statement in his speech at a reception hosted by the Philippine Stock Exchange in its headquarters in Bonifacio Global City on Feb. 21, 2024.

“We are exploring the amendments to the charters of the Land Bank of the Philippines and the Development Bank of the Philippines, including their possible public listing, to broaden the local capital market,” said Recto.

In a separate message to reporters, Recto said the DOF “has a draft bill for both” adding that more details will be disclosed soon.

LandBank is the largest development financial institution in the country promoting financial inclusion, digital transformation, and sustainable development to benefit Filipinos.

The DBP on the other hand,
is classified as a development bank and may perform all other functions of a thrift bank.

The bank aims to provide banking services principally to cater to the medium and long-term needs of agricultural and industrial enterprises with emphasis on small and medium-scale industries.

Source: Philippines News Agency

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