The Development Bank of the Philippines (DBP) granted a P2.3-billion loan for a new economic zone in the coastal town of Pilar, Bataan.
announced
DBP President and Chief Executive Officer Emmanuel G. Herbosa said the loan to real estate firm Diamond Land Resources, Inc. (DLRI), owned by New San
State-owned Development Bank of the Philippines (DBP) has granted a P2.3-billion loan for the establishment of a new economic zone that will rise in the
MANILA - State-owned Development Bank of the Philippines (DBP) has granted a PHP2.3 billion loan for the establishment of a new economic zone that will rise in the coastal town of Pilar in Bataan province, a top official said. DBP president and chief executive officer Emmanuel Herbosa said the credit assistance extended to top real estate firm, Diamond Land Resources, Inc. owned by New San Jose Builders, Inc., would partially finance the first phase of the Bataan Harbor City (BHC) project. "We in DBP believe that the Bataan Harbor City will usher in a new era of prosperity in the province due to its potential to help attract foreign investments, generate economic opportunities, as well as create jobs for more Filipinos," Herbosa said in a news release issued on Thursday. The DBP is the sixth largest bank in the country in terms of assets and provides credit support to four strategic sectors of the economy - infrastructure and logistics; micro, small and medium enterprises; th