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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 ....

Paul Lazaro , Emmanuel Herbosa , Diamond Land Resources Inc , San Jose Builders Inc , Development Bank , Diamond Land Resources , New San Jose Builders , Bataan Harbor City , Manila State Owned Development Bank Of The Philippines Dbp Has Granteda Php2 3 Billion Loan For Establishment Ofa New Economic Zone That Will Rise In Coastal Town Pilar Bataan Province , A Top Official Said Dbp President And Chief Executive Officer Emmanuel Herbosa The Credit Assistance Extended To Real Estate Firm , Diamond Land Resources , Nc Owned By New San Jose Builders , Ould Partially Finance The First Phase Of Bataan Harbor City Bhc Project Quot We In Dbp Believe That Will Usher Ina New Era Prosperity Province Due To Its Potential Help Attract Foreign Investments , Enerate Economic Opportunities , S Well As Create Jobs For More Filipinos , Uot Herbosa Said Ina News Release Issued On Thursday The Dbp Is Sixth Largest Bank In Country Terms Of Assets And Provides Credit Support To Four Strategic Sectors Economy Infrastructure Logistics Micro , Mall And Medium Enterprises The Environment Social Services Community Development Bhc Is Envisioned To Becomea Self Sustained Anda Master Planned Composed Ofa 75 5 Hectare Industrial Estate Witha Neighboring Port Facility An Integrated Property With Leisure , Ommercial And Residential Spaces The Dbp 39s Financing Will Focus On Horizontal Development Of First Phase Project , Hich Includes The Industrial Park , Nd Tourism Components Dbp Executive Vice President For Development Lending Paul Lazaro Said The Project Is Expected To Significantly Contribute Economic Of Pilar , A Third Class Municipality Witha Population Of More Than 46 , 000 Residents And Dubbed As The Historical Cultural Tourism Center Of Luzon Lazaro Said Bhc Is Expected To Provide Local Employment At Least 300 Personnel Annually Quot Project Seen Boost Economic Activity In Province , Uot He Said Quot As An Economic Zone , E Foresee This Initiative Asa Key Investment Promotion Tool , Hich Increases Business , Conomic And Spending Activities In The Area ,