State-owned DBP has signed an agreement with the Department of Human Settlements and Urban Development (DHSUD) for the crafting of a financing scheme that would provide affordable and decent homes for informal settlers, a top official said. Know more:
State-owned Development Bank of the Philippines has signed an agreement with the Department of Human Settlements and Urban Development for the crafting of a financing scheme that would provide affordable and decent homes for informal settlers, a top official said.
“DBP is honored to take part in the DHSUD’s thrust for the housing sector by tackling its two main challenges — affordability and access to funds for housing projects,” Herbosa said. DHSUD is the primary national government entity responsible for the management of housing, human settlement, and urban development in the country. The agency is spearheading the National Government’s flagship initiative, : Zero ISF Program for 2028” which aims to build six million housing units in six years.
Herbosa said the Bank’s support to DHSUD is in line with DBP’s efforts to broaden support to social services and community development such as housing that has a proven multiplier effect in alleviating poverty.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BPI set to merge with Robinsons Bank
Read more »
Charges filed vs ‘security guard’ with P290 million in bank deposits, says MartiresA recent case of a 'security guard' and his wife with millions in bank deposits painted a picture of the severity of corruption in the government, Ombudsman Samuel Martires said. Read for more details.
Read more »
Underwater: How the Bank of England threw markets a lifelineWhile the Bank of England intervention eased fears of an immediate crisis, fund managers, pension experts, and analysts say Britain is far from out of the woods.
Read more »
LANDBANK to launch agricultural hub in Oriental Mindoro - BusinessWorld OnlineState-owned Land Bank of the Philippines (LANDBANK) will launch an agricultural-hub in Bongabong, Oriental Mindoro to provide more farmers and fishers with easier access to financial assistance. READ:
Read more »
Philippine peso may slide to an all-time low as trade deficit widensThe Philippine peso may extend its record-setting slump against the greenback as billions of dollars of trade deficits weigh on the currency, increasing pressure on the central bank to intervene to slow its descent.
Read more »
BanKo ramps up digitalization efforts to reach more Filipinos - BusinessMirrorThe Bank of the Philippine Islands (BPI) continues to empower the Filipino people through the sustained digitalization of BanKo, its microfinance arm. “Digital banking has become a necessity now. This is the reason BanKo continues to innovate the way we deliver our products and services to benefit self-employed micro-entrepreneurs (SEMEs) and underserved individuals,” Rod Mabiasen,
Read more »