SunStar
+ January 09, 2021 STATE-OWNED Development Bank of the Philippines (DBP) has granted a P645-million loan to Hijo Superfoods, Inc. (HSI) for the establishment and expansion of its banana flour and coconut sugar manufacturing facilities, a top official said.
DBP President and Chief Executive Officer Emmanuel G. Herbosa said that the bank s credit support to Project Honeycomb of HSI, a start-up unit of Hijo Resources Group, would boost the production of its export products and provide a continued livelihood to local farmers and suppliers.
“DBP has always been supportive of the initiatives of our local industries that benefit not just the local community but promote the country as well through their world-class products,” Herbosa said.
Published January 8, 2021, 5:00 AM
The Development Bank of the Philippines (DBP) granted a P645-million loan to expand the banana flour and coconut sugar manufacturing facilities of Hijo Superfoods, Inc. (HSI).
The bank’s credit support to “Project Honeycomb” of HSI, a start-up unit of the Hijo Resources Group, would boost its export products and provide livelihood for local farmers and suppliers, says DBP President and Chief Executive Officer Emmanuel G. Herbosa.
DBP President and Chief Executive Officer Emmanuel G. Herbosa
“DBP has always been supportive of the initiatives of our local industries benefiting, not just the local community but promoting the country through their world-class products,” he explained.