LandBank lends to Sarangani LGU

THE Land Bank of the Philippines announced it would provide the Provincial Government of Sarangani P1 billion worth of loans to fund the province’s various development projects.

LandBank President and CEO Cecilia C. Borromeo and Sarangani Governor Rogelio D. Pacquiao signed the term sheet for the proposed loan last January 19 in General Santos City.

The loan was approved by the LandBank Board last January 25. Of the P1-billion loan, Sarangani eyes to allocate P500 million for the acquisition of heavy equipment, P200 million for hospital and medical equipment and P300 million for the establishment of the Provincial Agri-Fisheries Complex.


Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Previous Article

Honda Philippines debuts the All-New Honda Civic Type R

Next Article

Groups urged to invest wisely

Related Posts

Column box-Genesis Kelly S. Lontoc-RFP
Read more

Revisiting Pag-IBIG MP2

ACHIEVING a higher level of saving propensity can immensely benefit a developing country like the Philippines. Many of those who save place their money in bank accounts. Still, one particular saving alternative that has grown in popularity through the years is the “Pag-IBIG MP2,” or the “Modified Pag-IBIG II (Pag-IBIG MP2) Savings Program.”