Presidential Communications Operations Office



  PIA Bldg, Visayas Ave, Diliman, Quezon City, Philippines
  Sunday, 24 September 2017 News Before 1 Feb 2012. Click for Latest
Web PIA  
 
home
 
about
 
fotos
 
info
 
links
 
ncrr01carr02r03calmimr05r06r07r08r09r10r11r12r13
 << September 2017 >> 
S M T W T F S
1 2
3 4 5 6 7 8 9
10 11 12 13 14 15 16
17 18 19 20 21 22 23
24 25 26 27 28 29 30
Special News Editions:
English.Tagalog.Cebuano
Ilocano.Waray.Hiligaynon
Pangasinan.Other
PIA Specials:
NEW! Cabinet Officials
Jobs.Slides.Specials.Ads. Events.ASEAN.Multimedia
Visitors since 15 Feb 2011:
PIA News Archive:
English.Tagalog.Cebuano
Waray.Hiligaynon.Ilocano
Pangasinan.All
PIA Archive News Reader

PIA Press Release
2006/10/11

New DBP facility to help SME business expansion

Manila (11 October) -- State-owned Development Bank of the Philippines (DBP) is making available an investment financing program that will further help entrepreneurs address their business expansion requirements, as well as fast-track the bank's efforts to support the growth of small and medium enterprises (SMEs) in the country.

DBP president & chief executive officer Reynaldo G. David said the SME Suppliers and Subcontractors Financing Program will provide financial support for the business expansion requirements of SMEs which may include the acquisition of machineries, equipment or assets, and the improvement of operations and facilities. The program can also provide production or pre-shipment working capital, as well as permanent working capital.

According to David, the program was designed especially for SMEs which are subcontractors or suppliers of big local corporations or foreign multinational companies operating in the country.

"The focus of the program is SMEs which have established a stable or long-term business relationship with their "big brother" local or foreign companies. We are looking at enterprises engaged in agribusiness.

Electronics and semiconductor manufacturing, the automotive industry, and other export-oriented manufacturing activities," David said. He added that the program should enable SMEs to boost their operations, equipment and services, thus enhancing their efficiency and contributing to their global competitiveness.

David said that DBP has earmarked an initial P1 billion funding support for the program. Interested SMEs may avail of investment loans of up to P100 million, and working capital loans of up to P50 million.

Maximum loan amount shall not exceed 80% of the total project cost with a tenor of up to 15 years. (PIA-MMIO) [top]

|«  prev  next  »|
DAILY NEWS LIST:
»58-IB battles with rebels
»NYD goes with SK's anti-smoking campaign
»Land mines discovered in Surigao Norte
»NPA ups extortion to 50%, says AFP
»NYD extends registration
»Anti-drug body taps local filmmakers
»PNP intensifies counter-terrorism campaign in all fronts
»Gov't presents P1.137-T budget for 2007
»Housing fair in Davao City books 21 home buyers
»Komentaryo: Kinondena ng gobyerno ang pagbomba sa Airport
|«  prev  next  »|

Philippine Official Gazette | Office of the President | Presidential Communications Operations Office
For comments and feedback, please email PIA Newsdesk
Copyright © 2005 Philippine Information Agency
PIA Building, Visayas Avenue, Diliman, Quezon City 1101 Philippines