March 20, 2010

DBP Sets Aside P5.2 Billion for Mindanao Projects

Published on March 30, 2007 | no comment

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By Germelina Lacorte
davaotoday.com

DAVAO CITY—The Development Bank of the Philippines (DBP) has set aside 5.2 billion pesos this year to finance both pipeline and newly proposed projects in Mindanao, an official of the bank said.

Rey Magno Teves, DBP director, said the bank has the funds to finance critical infrastructures that he hoped would spur economic activities in Mindanao.

(more…)



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