Home      Contact Us
Login to

     Development Financing        Products and Services        Press Room      PGS   About DBP      Opportunities 
  DBP supports pioneering agricultural hub in Bulacan
June 28, 2011

DBP has extended a Php 536.3-million loan to Southeast Asian Commodities and Food Exchange, Inc. (SACFEI) for the development of the first phase of the North Food Exchange (NFEx), a special economic zone in Balagtas, Bulacan that is being eyed to become the distribution hub of northern Luzon.

DBP president & chief executive officer Francisco F. Del Rosario, Jr, said the NFEx will be the country’s first agricultural depot where farmers, fishermen and entrepreneurs can directly sell their produce to end-users, effectively blocking middlemen participation and translating to at least 40% reduction in cost of goods.

He added that the project is in support of the Aquino administration’s efforts to establish more agricultural trading centers that will eliminate middleman transactions and opportunities for corruption while improving the economic conditions of farmers and fishermen and making basic food affordable to the general public.

NFEx will sit on a 5.2 hectare lot with 969 stalls for agro products, fishery products, poultry and livestock, groceries, processed foods, specialty products, food ingredients, fast food and commercial establishments. It will also feature grains terminals, cold storage, warehouses, slaughterhouses, produce and wet markets, transportation, and recreational support facilities.

The NFEx is also foreseen to benefit from the interconnection of major infrastructure by 2014 such as the Balagtas NLEX interchange, NLEX service road, North Rail from Monumento to Clark, and MRT 7 from San Jose Del Monte, Bulacan to Quezon City. The NFEx took off from a nine-year extensive research on successful cooperatives, agrofood exchanges and distribution models from China, Korea, Thailand and Vietnam.

DBP executive vice president Jesus Guevara II shakes hands with Southeast Asian Commodities Management chairman Josefina Dela Cruz after the loan agreement signing for the North Food Exchange project. Also in photo are (from left) Foundation for People Development president Rene Gayo, DBP senior vice president Cresenciana Bundoc, Southeast Asian Commodities and Food Exchange, Inc. (SACFEI) president Fidel Bugayong, Dr. Pilar De Ocampo, and Atty. Jose Villamor of SACFEI.


DBP, Daiwa sign MOU on investment banking
November 25, 2015

DBP supports P50-M CSF poultry project in Pangasinan
November 05, 2015

DBP extends loan to women entrepreneurs
October 21, 2015

DBP approves P325-M loan for hospital project in Nueva Vizcaya
October 15, 2015

DBP Cites Outstanding Forest Program Partners
October 08, 2015

DBP grants P187.4-M loan to Bauan, Batangas LGU
September 29, 2015

DBP lends P271-M to mini-hydro project
September 15, 2015

DBP extends loan to Ilocandia Medical Group
September 03, 2015

DBP supports tourism project in Vigan
August 26, 2015

DBP solidifies support for local dairy industry
August 18, 2015



2010 All Rights Reserved Development Bank of the Philippines