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DBP grants P254-M loan to solar power firm

The Development Bank of the Philippines (DBP) granted a P254-million loan to renewable energy firm Upgrade Energy Philippines, Inc. (UEP) to spur investments in the sector amidst rising demand. UEP, an engineering, procurement and construction contractor, offers renewable energy and energy eff

DBP lends P2 3-billion to Bataan economic zone

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

DBP Lends P209 3-million To Farmers Cooperatives In Bohol

Agri machinery provider Ada Manufacturing Corporation raises P1 0-billion pesos from DBP and Security Bank

Agri machinery provider Ada Manufacturing Corporation raises P1 0-billion pesos from DBP and Security Bank
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Filipino-owned ADAMCO raises P1B via note issuance of Development Bank of the Philippines and Security Bank

Leading agricultural machines and equipment dealer Ada Manufacturing Corp. (ADAMCO) has successfully raised P1 billion via the issuance of notes supported by state-run Development Bank of the Philippines and Security Bank Corp.The proceeds of the fund raising activity via the issuance of five-year corporate notes arranged by GIV Capital Holdings Corp. will be used to finance ADAMCO’s capital expenditure and working capital requirements related to the development of its branch network.

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