Category: DBP

DBP grants P245-M for environment projects in El Nido, Palawan

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The Development Bank of the Philippines (DBP) has granted a P245-million term loan to the municipality of El Nido, Palawan to finance the construction of water supply and sewage and wastewater treatment systems as part of its efforts to promote environmental protection and sustainable development.

The proposed water supply systems are expected to help sustain the growth of local businesses especially the tourism industry in the municipality. These will consist of river diversion weirs, primary and dual media filters, storage tanks, disinfection systems and a combination of uPVC and HDPE transmission pipelines for falls or rivers as water source.

When completed, the project will provide a steady supply of safe and potable water to approximately 9,042 households in all 18 barangays of the municipality. It will also address the inadequate treatment measures in existing water pumps and deep wells in the area.

The project is supported by the provincial government of Palawan, the Department of Public Works and Highways, and the Department of Tourism.

The proposed construction of a sewage and wastewater treatment system is composed of sanitary sewer lines, storm sewer lines and the sewage treatment plant. The project will promote better health and sanitation conditions to about 2,254 households in the proposed service areas covering five of the 18 barangays in the municipality.

It will also help reduce environmental pollution through proper conveyance, treatment and disposal of sewage, and minimize health hazards brought about by contamination of water resources. The proposed sewage treatment plant has a design capacity of 2,400 cubic meters per day.

DBP assists Legazpi City Water District expansion project

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Photo shows the signing of the loan agreement between DBP and the Legazpi City Water District. Seated (from left) are: LCWD technical division manager Barbie Vonetta I. Borromeo, LCWD general manager Ma. Lourdes B. Bien, LCWD board of directors chairman Ranulfo S. Imperial, DBP-Regional Marketing Center Bicol head Ariel B. Pena, and DBP Legazpi branch head Francisco M. Sayson. At the back are DBP business development officer Esther Rachel B. Barcelona; LCWD internal control officer Rochelle L. Nodalo, LCWD board secretary Amelia R. Sayson; LCWD director Elsie S. Inocando; DBP lawyer Eliseo S. Segui; and LCWD director Cicero T. Cano

The Development Bank of the Philippines (DBP) recently extended a P95.8-million term loan facility to the Legazpi City Water District (LCWD) to support the latter’s expansion project aimed at improving its services to residents of the city.

The expansion project will involve the installation of pipelines that will address the problem of low water flow in elevated areas, ensure continued water supply, and improve health and sanitation in Legazpi City especially in remote areas.

The DBP financing is also seen to benefit more than 5,558 unserved and underserved households. LCWD also aims to increase its number of concessionaires to 25,387 in 2020 and to more than 30,000 in 2029 with the help of the DBP assistance.

LCWD covers the entire city of Legazpi, with a total population of 182,201 as of 2010 census. It presently serves 53 out of 70 barangays, or equivalent to 113,727 out of the 188,836 serviceable population.

DBP has already assisted more than 10 of the 37 water districts in Bicol, with additional financing for the other water districts in the pipeline next year.

DBP signs MOA for palm oil project in Bukidnon

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DBP signed recently a Memorandum of Agreement (MOA) for the development of a palm oil plantation and oil mill in Kalilangan, Bukidnon under its Tree Plantation Financing and Sustainable Agri-Business Financing Programs.

The project, which is being undertaken in partnership with the Bali Oil Palm Produce Corporation (BOPPC) and Kalilangan Oil Palm Growers Association (KOPGA), involves the development of 3,000 hectares of palm oil plantation and the establishment of a 30-ton per hour oil mill in Kalilangan, Bukidnon.

Under the MOA, DBP will lend P80-million to KOPGA for the planting and development of an initial 800 hectares of the oil palm plantation. The project may be expanded to include the additional 2,200 hectares with estimated project cost of P220-million.

KOPGA will provide the necessary manpower requirement for the project and implement oil palm farming technology prescribed by the BOPPC. KOPGA will also deliver fresh fruit bunches (FFB) harvest to BOPPC, which will have the exclusive right to buy the FFB.

BOPPC, meanwhile, will conduct capability training and seminar and provide technical assistance to KOPGA for free. It will also provide the necessary agricultural inputs like fertilizer and pesticide at reasonable price and seedlings for the plantation.

DBP OKs P2.9-B for Isabela Infra, Health Care Projects

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DBP signed recently a Memorandum of Agreement (MOA) for the development of a palm oil plantation and oil mill in Kalilangan, Bukidnon under its Tree Plantation Financing and Sustainable Agri-Business Financing Programs.

The project, which is being undertaken in partnership with the Bali Oil Palm Produce Corporation (BOPPC) and Kalilangan Oil Palm Growers Association (KOPGA), involves the development of 3,000 hectares of palm oil plantation and the establishment of a 30-ton per hour oil mill in Kalilangan, Bukidnon.

Under the MOA, DBP will lend P80-million to KOPGA for the planting and development of an initial 800 hectares of the oil palm plantation. The project may be expanded to include the additional 2,200 hectares with estimated project cost of P220-million.

KOPGA will provide the necessary manpower requirement for the project and implement oil palm farming technology prescribed by the BOPPC. KOPGA will also deliver fresh fruit bunches (FFB) harvest to BOPPC, which will have the exclusive right to buy the FFB.

BOPPC, meanwhile, will conduct capability training and seminar and provide technical assistance to KOPGA for free. It will also provide the necessary agricultural inputs like fertilizer and pesticide at reasonable price and seedlings for the plantation.

DBP wins at Sustainable Business Awards 2014

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DBP president and chief executive officer Gil A. Buenaventura and DBP chairman Jose A. Nunez , Jr. (2nd and 3rd from left, respectively) receive the Energy Management award during the Sustainable Business Awards Philippines held last July 14 at the Dusit Thani Hotel in Makati City. Also in photo are Philippine Business for the Environment executive director Bonar Laureto (leftmost) and Philippine Stock Exchange president and CEO Hans Sicat

As Energy Management winner, DBP was cited for financing energy and energy management projects. Aside from being the first Philippine bank to receive ISO 14001 for its Environment Management System, DBP has also adopted various initiatives on energy management such as energy efficient lighting system, green office practices and cleaner transport fuel. Through its investment and lending activities, the bank also encourages its clients to include environmental considerations in their businesses and thrusts.

DBP also received a special award on land use, biodiversity, and environment. DBP developed and implements the DBP Forest Program, a non-credit program that aims to stop denudation and restore the country’s forest cover through organized collaboration with government and non-government organizations, state universities and colleges, people’s organizations and other qualified forest partners.

The Sustainable Business Awards aims to increase awareness on sustainable business best-practices and demonstrate how sustainable business benefits companies, the environment and their stakeholders. The final shortlist of winners prepared by Price Waterhouse Cooper were judged by Senator Loren Legarda, Ateneo School of Government Dean Antonio La Vina, Philippine Stock Exchange president and CEO Hans Sicat, BusinessWorld editor-in-chief Roby Alampay, Climate Change Commission chairperson Mary Anne Lucille Sering, Philippine Chamber of Commerce and Industry secretary general Crisanto Frianeza, Philippine Business for the Environment executive director Bonar Laureto, and Isla Lipana & Co. chairman Alex Cabrera.

Organized by Global Initiatives, the SBA also recognizes sustainable business best-practices in Singapore and Indonesia.