Home      Contact Us
www.devbnkphl.com
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.

 
NEWS UPDATES
 

DBP bags international awards
May 26, 2015

DBP assists new hospital in Kawit, Cavite
May 22, 2015

DBP Net Income Rises 36% to P1 Billion in 1st Quarter 2015
May 12, 2015

DBP receives Silver Governance Trailblazer Award, Achieves PGS Proficiency Status
May 08, 2015

DBP grants P78.723-M for Naga water district
April 28, 2015

DBP grants P245-M for environment projects in El Nido, Palawan
March 12, 2015

DBP Wins in Philippine Quill Awards 2014
March 12, 2015

DBP Posts P4.6-Billion Profits in 2014
March 04, 2015

DBP Opens Fund Drive for SAF 44 Heroes
February 02, 2015

DBP and Cebuana Lhuillier team up for stronger international remittance
January 23, 2015

 
NEWS ARCHIVES
 
 
2010 All Rights Reserved Development Bank of the Philippines