dbp | ABS-CBN News

Maharlika fund prone to money laundering, corruption: tax expert

ABS-CBN News
Posted at Jan 25 10:41 AM

The Maharlika Investment Fund, in its current state, is prone to corruption and money laundering, Asian Consulting Group Founding Chairman and Chief Tax Advisor Mon Abrea told ANC on Wednesday. Read more »

Revised Maharlika fund a welcome development: expert

ABS-CBN News
Posted at Jan 23 04:22 PM

The revised version of the proposed sovereign wealth fund is a welcome development, an economist said Monday. Read more »

Marcos picks ex-SC justice Tinga as DBP acting chair

ABS-CBN News
Posted at Dec 23 12:32 PM

President Ferdinand Marcos, Jr. has chosen former Associate Justice Dante Osorio Tinga as acting chairman and member of the DBP Board of Directors. Read more »

Marcos issues EO reducing percentage of net earning remittance of DBP

ABS-CBN News
Posted at Dec 16 10:32 AM

The DBP, along with the state-run Landbank of the Philippines as well as the Bangko Sentral ng Pilipinas are included as funding sources in the proposed Maharlika Investment Fund. Read more »

DBP launches loan program for renewable energy

ABS-CBN News
Updated as of Dec 29 11:04 AM

The Development Bank of the Philippines said it launched a new loan program to support solar power developers in the country. Read more »

Several banks hike interbank ATM fees as new BSP rule takes effect

ABS-CBN News
Updated as of Apr 07 01:31 PM

Several banks are set to charge higher interbank ATM transaction fees on Wednesday as a new rule approved by the Bangko Sentral ng Pilipinas takes effect.   Read more »

No write-off, no condonation: DBP officials belie claims Lopez firms have unpaid debt

ABS-CBN News
Posted at Feb 17 08:57 PM

Companies under the Lopez Group and its former unit Maynilad Water Services have no unpaid loans with the state-run DBP, bank officials said Wednesday. Read more »

Utang ng mga kompanya sa DBP nais busisiin ng komite sa Kamara

ABS-CBN News
Updated as of Feb 17 10:41 PM

Ito’y matapos lumabas na wala pa sa 20 porsiyento ng mga non-performing loans ng DBP ang napunta sa Lopez businesses.  Read more »

House to resume probe on DBP loans to Lopezes after Duterte speech

RG Cruz, ABS-CBN News
Posted at Feb 09 07:40 PM

A House of Representatives panel will resume next week its investigation on the loans given to the Lopez Group of Companies from the Development Bank of the Philippines (DBP) that were allegedly condoned, a lawmaker said Tuesday.  Read more »

Some banks set to hike interbank ATM fees on April 7

ABS-CBN News
Updated as of Feb 09 11:25 AM

Some banks will be hiking their interbank ATM transaction fees on April 7 as banks implement “acquirer-based ATM fee charging” -- meaning fees for ATM transactions will be set by the bank that owns the ATM used.?? Read more »

DBP belies allegations it condoned loans from Lopez group

ABS-CBN News
Posted at Jan 18 06:14 PM

State-owned DBP on Monday belied allegations that it condoned or wrote off loans from businesses belonging to the Lopez Group of companies. Read more »

Hontiveros asks DBP for documents linked to BCDA P9.5B loan for SEA Games venues

Katrina Domingo, ABS-CBN News
Posted at Dec 02 09:20 PM

Hontiveros earlier filed a resolution urging the Senate to investigate a deal between the BCDA and a Malaysian firm that was allegedly "disadvantageous to the public."   Read more »

DBP says working on 'financial interventions' to aid recovery of transport sector

ABS-CBN News
Posted at Oct 16 05:10 PM

The Development Bank of the Philippines said Friday it was working with the country's transport authorities in coming up with "financial interventions" to help the industry recover from the impact of the coronavirus pandemic.   Read more »

'Balasubas': Duterte names 'corrupt' former Customs official

Arianne Merez, ABS-CBN News
Updated as of Aug 25 01:56 PM

President Rodrigo Duterte on Tuesday criticized lawyer Teodoro Jumamil--a former Bureau of Customs official--for supposedly being corrupt, calling the latter "balasubas" (swindler). Read more »

Philippines can fund free COVID-19 vaccines for 20M poor Filipinos: Dominguez

Jessica Fenol, ABS-CBN News
Updated as of Jul 31 11:39 AM

The Philippines has a financing plan to purchase at least 40 million doses of COVID-19 vaccines once it becomes available to be administered for free to the poorest 20 million Filipinos, Finance Secretary Carlos Dominguez III said Friday. Read more »

Atienza tells Cayetano: Stop congressional probes on ABS-CBN, Lopezes

RG Cruz, ABS-CBN News
Posted at Jul 29 09:10 PM

"May ugali tayong Pilipino (na) 'pag yung kalaban mo nakadapa na, 'wag mo sisipain. 'Pag sinipa mo 'yan, the whole world will condemn you. Walang kwenta kang tao, 'di ka Pilipino," Buhay Party-list Rep. Lito Atienza said.  Read more »

House to quiz DBP over 'condoned' Lopez firms' loans

ABS-CBN News
Posted at Jun 15 03:46 PM

Congressmen on Monday said they would ask the Development Bank of the Philippines to explain allegations it wrote off loans by the Lopez group worth P1.6 billion in 2006. Read more »