NEWS UPDATES: 
Foreign Currency (US$ vs PhP)
As of December 14, 2017 (9:05 am)
Buying  
   50.25
Selling  
   50.75
View Details
UITF / NAVPU
As of December-12-2017
Unlad Kawani Money Market Fund
1.057869
 
Class I - Unlad Panimula Money Market Fund
1.024314
 
Class II - Unlad Panimula Money Market Fund
1.022493
 
Class III - Unlad Panimula Money Market Fund
1.021464
 
 
eGOV (SSS,Philhealth,Pag-ibig)
eGOV Corporate Manual
eGOV FAQ
eGOV Enrollment Form
BIR e-Filing
BIR e-Payment
DTI eBNRS
DSWD Online Donation
  DBP Forest project in Iloilo reaps benefits for host community
December 23, 2011

The reforestation project of state-owned Development Bank of the Philippines (DBP) in Lambunao, Iloilo has started to provide livelihood opportunities to the residents of its host community six years after its launch.

DBP president & chief executive officer Francisco F. Del Rosario, Jr. said that the DBP Forest project covering 500 hectares inside the satellite campus of West Visayas State University (WVSU) has reaped fruit-bearing trees such as durian, rambutan, lanzones, pomelo, tamarind and mangosteen. He added that more fruit-bearing tree and forest trees such as narra, mahogany, rain tree, acacia, ilang-ilang, bamboo, and kakawate are expected to yield fruits three to five years from now.

Del Rosario also said that 70 poor families are benefiting from a college scholarship program called the Progress through Economics, Socio-cultural and Agro-forestry Cooperation Extension and Development Program (PEACE) which gives farmers the opportunity to send a child to school in exchange for their work in planting trees and cultivating a portion of the reforestation project. He added that 34 Forestry students, who are scholars under the DBP Endowment for Education Program (DEEP), are also working at the forest site.

Conceived after the tragic flash floods that damaged Quezon province in 2004, the DBP Forest project was designed to help prevent similar calamities by restoring the country’s forest cover. It is also aimed at promoting livelihood opportunities for residents of host communities by planting high value fruit and forest trees. Funding for the program came from a seed fund from the KfW Interest Differential Fund and contributions from DBP borrowers.

Del Rosario said that to date, the DBP Forest project covers more than 6,000 hectares scattered in 36 sites. Of this number, 21 are upland areas covering more than 5,600 hectares, while 15 are coastal reforestation sites. Twenty of the 36 project sites are situated in Luzon, seven are in the Visayas, while another seven are in Mindanao. DBP partnered with different people’s organizations, local government units, and state universities in establishing these forest projects.

In 2006, the DBP Forest program earned the Most Outstanding Environmental Development Project award from the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP).

Forestry students enrolled at the West Visayas State University make their way to the DBP Forest Project site in Lambunao, Iloilo. These students are also scholars under the DBP Endowment for Education Program.

 
NEWS UPDATES
 

DBP funds infra and livelihood projects in Davao Occidental
December 08, 2017

DBP Opens Yuletide Bazaar
December 06, 2017

DBP recognized for good corporate governance
December 01, 2017

DBP participates in 50th Credit Surety Fund
November 24, 2017

DBP receives financial inclusion award from Visa
November 17, 2017

DBP, BIR partner for online tax payment
November 06, 2017

DBP supports solar power project
October 23, 2017

DBP is SME Bank of the Year
October 13, 2017

DBP, Pag-IBIG launch EMV prepaid card
October 02, 2017

DBP, PBCOM partner for SME financing
September 22, 2017

 
NEWS ARCHIVES

2017

 
 
Quick Links
Corporate Banking
PGS
Personal Banking