63577 The Development Bank of the Philippines (DBP) approved a P2.5-billion loan to Innov Block Development Corporation (IBDC) to fund the ongoing construction of The Limketkai Podium – a lifestyle and commercial mall in northern Caloocan City. Of particular interest to the state-owned bank is
MANILA - State-owned Development Bank of the Philippines (DBP) has approved a PHP2.5-billion credit assistance to Innov Block Development Corporation (IBDC) to finance the ongoing construction and completion of The Limketkai Podium -a lifestyle and commercial mall located in the northern part of Caloocan City. DBP president and chief executive officer Emmanuel Herbosa said the mall is set to develop a "Tiangge" center within its premises that can accommodate over 1,300 stalls for micro, small and medium enterprises (MSMEs) looking for a viable site to cater to the needs of their target market. "We have been continually supporting infrastructure projects that can help MSMEs join the mainstream of major economic activity in order to help them recover from the ill-effects of the pandemic," Herbosa said in a statement Thursday. DBP is the fifth-largest bank in the country in terms of assets and provides credit support to four strategic sectors of the economy -infrastruc
State-owned Development Bank of the Philippines (DBP) has approved a P2.5-billion credit assistance to Innov Block Development Corporation (IBDC) to finance