Published April 16, 2021, 5:00 AM
The Development Bank of the Philippines (DBP) granted a P1.275-billion loan to Allied Care Experts (ACE) Medical Group to improve their hospitals in Northeast and Central Luzon.
ACE will spend P655-million to build a 101-bed five-storey Level 2 hospital building and acquire various medical equipment for its medical center in Tuguegarao, according to DBP President and Chief Executive Officer Emmanuel G. Herbosa.
“The remaining P620-million will be spent for the partial construction of a 103-bed seven-storey Level 2 hospital building for San Jose del Monte – Muzon Medical Center in Bulacan,” he noted.
Present during the loan signing were (seated from left) DBP Senior Vice President Catherine T. Camarao; San Jose del Monte – Muzon Medical Center, Inc. President Dr. Diosdado M. Bartolo, Jr.; ACE Medical Center – Tuguegarao, Inc. Founder Dr. Carlos Fernando; DBP Executive Vice President Jose Gabino D. Dimayuga; ACE Medical Center Chairman Dr
Published April 1, 2021, 7:35 AM
The Development Bank of the Philippines (DBP) granted a P100-million revolving credit line to Centro Manufacturing Corporation (CMC) to finance its assembly of truck bodies, automotive parts and accessories.
The loan will support the production of 3,000 units of various types of trucks and utility vans, with 21 percent, or 630 units, allotted for public utility vehicles (PUVs) in support of the National Government’s PUV Modernization Program, DBP President and Chief Executive Officer Emmanuel G. Herbosa announced on March 30.
DBP President and Chief Executive Officer Emmanuel G. Herbosa
“As the country’s premiere infrastructure bank, DBP prioritizes support to initiatives to develop our transport systems and supply chains,” he explained. “Economic growth and global competitiveness rests on building of networks all over the country.”
Published January 29, 2021, 5:00 AM
The Development Bank of the Philippines (DBP) has granted a P4.17-billion loan to Megaship Builders, Inc. (MBI) to upgrade and expand its shipbuilding and ship repair complex in Albuera, Leyte.
“The project will increase the shipyard’s capacity from 10,000 Deadweight tonnage (DWT) to 200,000 DWT, accommodating an average of 10 vessels per month from the current two vessels per month,” according to DBP President and Chief Executive Officer Emmanuel G. Herbosa.
It is also welcome news, considering that at present, the country has a dismal ratio of 204 vessels to one shipyard.
DBP President and Chief Executive Officer Emmanuel G. Herbosa
Shown in photo (2nd and 3rd from left, respectively) are DBP Executive Vice President Jose Gabino D. Dimayuga and Hino Motors Philippines Corporation President Mitsuharu Tabata during the signing of the loan agreement between DBP and HMPC. They were joined by DBP First Vice President Daniel Gonzales (left) and HMPC Treasurer Susumu Myokan (right).
CALOOCAN CITY, Jan. 14 (PIA) State-owned Development Bank of the Philippines (DBP) has granted a P150-million revolving credit line for Hino Motors Philippines Corporation (HMPC) to augment the working capital requirements of the company in the manufacturing and distribution of its commercial vehicles such as trucks, buses and modern public utility vehicles (PUVs), a top official said.