LandBank - updates

Rappler's latest stories on LandBank


P1-billion government guarantee eyed for private schools during pandemic

Apr 21, 2020 - 5:20 PM

Finance Secretary Carlos Dominguez III says Landbank is studying a proposed loan guarantee program for private schools dealing with unpaid tuition and fees

NO CLASSES. Female students in Manila wear face masks as a precautionary method against COVID-19 on March 9, 2020. Photo by KD Madrilejos/Rappler

Landbank launches loan program for businesses hit by virus

Apr 16, 2020 - 2:35 PM

Small businesses can borrow up to 85% of their actual need for working capital with an interest rate of 5% per annum

COA to DSWD: Pay Landbank's P82.72 million in unpaid 4Ps service fees

Feb 18, 2020 - 9:31 PM

COA adjusts the payout figure to Landbank to a lower amount compared to the original claim of P87.05 million and the amended claim of P92.27 million

Villar urges Landbank to ease loan process for sugar farmers

Aug 15, 2019 - 6:27 PM

Senator Cynthia Villar, chair of the Senate committee on agriculture, says Landbank was taking too long to process farmers' loan applications

MIFFED. Senator Cynthia Villar grills the Land Bank of the Philippines officials at the Senate hearing on the implementation of the sugar cane industry development law. Photo by Angie de Silva/Rappler

FAST FACTS: What you should know about Landbank

Jul 31, 2019 - 12:42 PM

(3rd UPDATE) President Duterte threatens to shut down the government bank in his 4th SONA, saying it's acting more like a commercial bank instead of focusing on farmers and fishermen

Landbank wants to cover more agrarian reform beneficiaries

May 26, 2019 - 6:50 PM

The Land Bank of the Philippines eyes more farmer-beneficiaries after its loans for small farmers and fisherfolk went up to P13 billion in the first 3 months of 2019

Farmers from La Trinidad, Benguet maintain to water there strawberry and vegtetable because of summer heat where they use to get their daily living. The water was come from a water irrigation of the province. Photo by Mau Victa/Rappler

Labor group pushes for policy review after Hanjin bankruptcy

Jan 13, 2019 - 1:25 PM

Hanjin Heavy Industries and Construction Corporation, which filed for bankruptcy, owes $400 million to local banks and another $900 million to South Korean lenders

Sandiganbayan allows prosecutors to amend charges vs ex-Landbank officials

Jan 06, 2019 - 7:10 PM

The anti-graft court says the right of the prosecution to make amendments is still valid since the defendants have not yet been arraigned

COA hits 'out of cash' Landbank ATMs

Jul 22, 2018 - 9:25 PM

In its 2017 audit report, the Commission on Audit documents at least 268 Landbank automated teller machines 'continuously out of cash'

Landbank offers Philippine Stock Exchange P472M for PDSHC stake

Apr 29, 2018 - 11:35 PM

The state-run bank takes another stab at gaining control of the country's bond trading market

Duterte wants Landbank to provide more loans for farmers

Apr 02, 2018 - 6:45 PM

The President warns he would look into the bank's finances after challenging it to provide tractors to farmers' cooperatives all over the country

President Rodrigo Roa Duterte is joined by SL Agritech Corporation CEO Henry Lim Bon Liong and Agriculture Secretary Emmanuel Piñol as he witnesses the harvesting of hybrid rice during the Grand Harvest Festival of SL Agritech Corporation at the Nagkakaisang Magsasaka Agricultural Primary Multipurpose Cooperative (NMAPMPC) Compound in Talavera, Nueva Ecija on April 5, 2017. ROBINSON NIÑAL JR./Presidential Photo

Bank for OFWs could open in February 2018

Dec 22, 2017 - 8:00 PM

The establishment of the bank is now being reviewed after the Bangko Sentral ng Pilipinas approved Landbank's acquisition of Postbank

GO SIGNAL. BSP approves Landbank's acquisition of the Philippine Postal Savings Bank which will be turned into a bank for OFWs. Photo by Rappler

How Revilla's team is defending him in his plunder trial

Oct 08, 2017 - 1:31 PM

His lawyers successfully limit the testimonies of bank officials in the plunder trial, but will the AMLC report be enough to pin down former senator Ramon 'Bong' Revilla Jr?

DEMURRER. Bong Revilla is set to file a motion for leave to file demurrer which seeks the outright dismissal of his plunder charges.

Mautes used bank vaults to hide from air strikes

Sep 28, 2017 - 8:44 PM

'Pinagtaguan yun kapag binobomba sila ng fighter jet eh. Alam kasi nilang matibay yung vault,' says former Maute hostage Lordvin Acopio

TELL ALL. Former Maute hostage Lordvin Acopio sits down with reporters to share his story. Rappler photo

Napoles, Revilla camps try to block bank witnesses in plunder trial

Sep 07, 2017 - 6:08 PM

Bank records show withdrawals by Napoles NGOs

PLUNDER HEARING. Detained former senator Bong Revilla is into the 3rd month of his plunder trial arising from allegations that he received P224.5 million in kickbacks from his pork barrel. Photo by Lian Buan/Rappler

COA: P1.42B cash grants not claimed by 4Ps beneficiaries

Jul 06, 2017 - 8:51 PM

The Commission on Audit also notes that P7 659 billion of CCT funds released through the Landbank of the Philippines remain unaccounted for

Landbank extends banking hours on June 30 amid system upgrade

Jun 30, 2017 - 2:05 PM

All branches of the Land Bank of the Philippines will be open until 5 pm on Friday June 30

Landbank sets June 24-25 system upgrade, downtime

Jun 20, 2017 - 3:45 PM

ATMs cash deposit machines and other electronic banking channels will be offline from 10:30 pm on June 24 to 3:00 pm on June 25

BRANCHING OUT. LandBank plans to set up the OFW bank after its  on-going acquisition of Philippine Postal Savings bank which it plans to make a wholly-owned subsidiary. File Photo/Wikipedia.

4Ps payout agents win P277-M claim vs DSWD

Apr 21, 2017 - 11:04 AM

The CCT program which provides direct cash assistance to the poorest Filipinos owes millions to government partners that facilitated the money transfer

Veteran banker Cecilia Borromeo is new DBP chief

Jan 09, 2017 - 7:45 AM

Borromeo replaces Gil Buenaventura who has been serving as president and CEO of Rizal Commercial Banking Corporation since July 1 2016

NEW DBP CHIEF. (L-R) Oath taking of Development Bank Members, Board of Directors Ma. Lourdes Z. Arcenas and newly-elected President/CEO Cecilia C. Borromeo. Photo from DOF

Landbank to provide P115B in loans to small farmers, fishermen by 2022

Dec 25, 2016 - 11:54 AM

Landbank will initiate a re engineering of the credit facilities for small stakeholders in the agriculture sector and encourage them to enter into corporatives

TRIPLING LENDING. Possible cash crops that farmers can plant under the corporative are palm oil, rubber, banana, coconut, cacao and abaca, which have high export potentials. Rappler file photo

Landbank-DBP merger stopped

Sep 07, 2016 - 12:55 PM

Finance Secretary Carlos Dominguez III says the main rationale behind the decision is that the two institutions serve different functions

Italy cracks down on Philippine remittance agencies

Mar 31, 2016 - 6:13 PM

UPDATED In December 2014 RCBC s remittance company in Italy faced a hefty fine of 74 445 10 for its failure to comply with the country’s stringent anti money laundering enforcement

DISASTROUS. Finance Secretary Cesar Purisima says if foreign banks continue to close down more accounts, the cost of remitting money for OFWs can double.

DOF fears closure of remittance shops abroad amid $81M heist

Mar 30, 2016 - 11:32 PM

A recruitment and migration expert says he was told by Task Force OFW in Italy that RCBC and BPI closed their remittance shops in Rome and Milan early 2016

DISASTROUS. DOF's Purisima says if foreign banks continue to close down more accounts, the cost of remitting money for OFWs can double

Aquino OKs Landbank-DBP merger

Feb 09, 2016 - 4:15 PM

With Landbank as the surviving entity President Benigno Aquino III approves the increase in its capital stock to P200 billion 4 19 billion

FUSION. Landbank is the surviving entity given its bigger assets and wider branch network. Image from Wikipedia

Landbank offers P3.8B in loans to farmers, fishermen

Jan 04, 2016 - 5:40 PM

The state run bank says it can reach out to more farmers and fishermen who are not part of accredited cooperatives

MORE LOANS. Landbank continues to strengthen lending programs for farmers and fisherfolks as part of the government’s thrust towards financial inclusion and improved agricultural productivity. Photo by Agence France-Presse

Groups launch signature drive vs P800M Samar gov't loan

Nov 26, 2015 - 11:20 AM

The No to P800 Million Loan Coalition seeks to gather 600 000 signatures in Samar to support its protest against the loan

NO TO LOAN. Catbalogan residents attend the launch of the `No to P800 Million Loan' signature campaign against in Catbalogan City on November 17, 2015. Photo by Jazmin Bonifacio/Rappler

Iloilo goes online with enhanced tax payment system

Nov 12, 2015 - 3:28 PM

Residents of Western Visayas can use Landbank s ePayment service to pay their taxes starting May 2016

NEDA Board approves LRT2 west extension project

May 19, 2015 - 8:38 PM

The board chaired by President Benigno Aquino III also approves projects on irrigation fire safety and local development

GOCCs remit P36.86 billion to national gov't

May 13, 2015 - 1:40 PM

The amount is higher than the remittance in 2014

REMITTANCES. President Benigno S. Aquino III receives from Philippine Reclamation Authority (PRA) chairman Roberto Muldong the dividend check amounting to P1.2-billion to be remitted to the National Treasury during the 2015 Government-Owned and Controlled Corporations (GOCC) Dividends Day. Malacañang Photo Bureau

Abad: GOCC dividends, Treasury gains to fund MRT3 buyout

May 12, 2015 - 1:03 PM

The government can also borrow money but with the the approval of the Office of the President if GOCC dividends and Treasury gains are not realized Budget Secretary Florencio Abad says

Abaya: Gov't to proceed with MRT3 buyout

Nov 21, 2014 - 3:21 PM

The journey to the government s takeover of the MRT3 is being opposed but DOTC Secretary Joseph Emilio Abaya says the government has Executive Order 126

The government wants to nationalize the entire assets of the MRT3 to do away with having to pay its concessionaire hefty charges every year, as well as to cut costs in acquiring service contracts. Photo by Mick Basa / Rappler

Sandigan to banks: Testify on Luy's 19 accounts

Jul 23, 2014 - 1:34 PM

Luy is expected to take the witness stand on Thursday July 24 to testify on the diversion of Revilla s pork barrel to dubious NGOs

'PRODUCE DATABASE.' The Senate orders De Lima and NBI to submit the digital files of principal whistleblower Benhur Luy. File photo by Joseph Vidal/Senate PRIB

Bank advisories: Tuesday, August 20

Aug 20, 2013 - 11:44 AM

Here are advisories from banks and other financial institutions for Tuesday August 20

Property developers shore up land bank - CBRE

Jan 25, 2013 - 5:48 PM

Property developers have been looking north of Manila toward the Clark area as well as down south toward Metro Cebu Metro Davao and Cagayan De Oro for land banks

PH may delay export of Cavendish bananas to US after 'Pablo'

Dec 13, 2012 - 7:18 PM

Philippines may delay its first shipment of Cavendish banana exports to the United States due to Pablo

Banana plants felled by typhoon Pablo, December 4, 2012. Photo by Karlos Manlupig.

No controversial Meralco share sale - Landbank

Sep 25, 2012 - 6:36 PM

Landbank said the main issue of the plunder complaint against its officers the sale of Meralco shares to San Miguel in 2008 did not materialize

Plunder complaint vs SC justice, Ongpin

Sep 24, 2012 - 6:20 PM

Top businessmen Roberto Ongpin and Ramon Ang allegedly entered into a contract that is grossly disadvantageous to the government

Landbank's Jan-June profits up 3.8% to P5.74-B

Aug 02, 2012 - 12:34 PM

State run Landbank of the Philippines reported a P5 74 billion net income in the first 6 months of the year reflecting a 3 83 increase from the same period a year ago

Ayala acquires Muntinlupa property, expands south metro landbank

Jun 19, 2012 - 8:26 PM

As part of its aggressive expansion plans for the year Ayala Land acquired a property near the up and coming Muntinlupa central business district