DBP partners with top conglomerate for intensified support to poultry contract growers
State-owned Development Bank of the Philippines (DBP) is looking to strengthen its lending support to poultry contract growers through its partnership with the local subsidiary of an international agro-industrial and food conglomerate, a top official said.
DBP President and Chief Executive Officer Emmanuel G. Herbosa said the Bank has agreed to provide credit assistance to qualified poultry contract growers of the Charoen Pokphand Foods Philippines Corporation (CPFPC) after signing a Memorandum of Agreement (MOA) with the company.
“DBP is keen on funding more local poultry contract growers in line with its commitment to promote homegrown agricultural enterprises, and consequently spur economic activities in the countryside and buttress the National Government’s food security efforts,” Herbosa said.
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DBP is the sixth largest bank in the country in terms of assets and provides credit support to four strategic sectors of the economy — infrastructure and logistics; micro, small and medium enterprises; environment; social services and community development.
CPFPC is engaged in the production, processing, and marketing of poultry products in partnership with integrated partners. It is a subsidiary of the Charoen Pokphand Group, an agro-industrial and food conglomerate based in Thailand and one of the largest producers of poultry and pork in the world.
Under the MOA, CPFPC will endorse its existing and potential contract growers to DBP for possible funding support while DBP will evaluate and approve loan applications of qualified poultry contract growers for farm acquisition, development, rehabilitation and other pre-operating expenses.
DBP Senior Vice President for Lending Program Management Carolyn I. Olfindo said the bank has also re-opened its Broiler Contract Growing Program (BCGP) for new accounts with contract growing agreements with a DBP-partner integrator as well as existing accounts of good standing with proposed additional loans for expansion.
Olfindo said the DBP BCGP is designed to encourage contract growers to expand their businesses by financing poultry broiler contract growing projects through shortened loan processing.
“Moving forward, DBP will continue to assist contract growers to help boost agricultural productivity towards a stable and reliable food supply in the country,” she stressed.
As of March 31, 2022, DBP has 125 approved accounts under the BGCP with a total loan amount of P8.12-billion.
Alsons Power-Hidilyn Diaz scholars win 7 Golds
Two sisters from Zamboanga City garnered nine medals including seven golds at the 2022 Asian Youth and Junior Weightlifting Championships held in Takshent, Uzbekistan from July 15 to 25.
Nineteen-year-old Rosegie Ramos bagged three gold medals in the 49 kg. junior division winning gold for the snatch, clean and jerk and overall.
In the 45kg division, Rosegie’s younger sister 17-year-old Rose Jean Ramos competed in both the Youth and Junior categories. Rose Jean swept the Youth category — winning gold for the Philippines in the snatch, clean and jerk, and overall.
The Ramos sisters are among 15 “power scholars” from Zamboanga City under the Alsons Power-Hidilyn Diaz scholarship program spearheaded by the Mindanao-based power firm and Olympic gold medalist Hidilyn Diaz.
Tan Caktiong named the 2022 Ramon V. del Rosario Awardee
Tan Caktiong (fourth from right), together with his wife (fifth from right) Grace, accepts the award. Joining them on stage are (from left) JCI Manila president Richard Lim, 2010 RVR Awardee Ambassador Jesus Tambunting, PHINMA chairman and CEO Ramon del Rosario Jr., former Chief Justice Artemio V. Panganiban, Asian Institute of Management president and dean Jikyeong Kang, and Ambassador Jose Cuisia, Jr.
Jollibee Group chairman and founder Dr. Tony Tan Caktiong has been named the 2022 Ramon V. Del Rosario (RVR) Awardee for Nation Building during the awarding ceremony held last July 25 at the Manila Polo Club, Makati.
The RVR Award for Nation Building honors notable individuals worthy of emulation and who have demonstrated outstanding traits such as Entrepreneurial Spirit, National or Global Impact, Corporate Citizenship, and Social Responsibility.
Tan Caktiong was chosen as this year’s awardee for his dedication to quality, innovation, and excellence, which propelled the Jollibee Group from its humble beginnings to being one of the largest food companies in the world with 18 brands across 34 countries–putting the Philippines on the global map and being a source of national pride.
World Vision honors LBC Hari ng Padala Foundation
World Vision awarded the One for Children seal to LBC Hari ng Padala Foundation Inc. in a Project Salute ceremony.
The award was given to recognize the overwhelming support that LBC has provided over the years.
Over the years, LBC, through LBC Foundation has been providing support for various World Vision campaigns and activities such as the Fun Run from 2012 to 2017, Coin Banks and Typhoon Maring’s emergency response in 2013, and the Noche Buena campaign in 2018.
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That same year, LBC partnered with Philam Foundation and donated a one-storey building with two classrooms in Molinete Elementary School in Batangas through World Vision. They also offered their courier services in delivering educational materials and equipment for the Visayas Area Programs.
Up to this day, LBC has been sponsoring more than 40 children under the Child Sponsorship Program, and with this, children are given access to education, health and nutrition, livelihood opportunities and economic development in the community.
Teleperformance Ph receives 5th consecutive Great Place to Work® Certification
Teleperformance (TP) Philippines is once again Great Place to Work-Certified in 2022. This makes TP Philippines the first, the largest, and the only company in the country to be Great Place to Work-Certified for five straight years.
The Great Place to Work Institute recorded 85 percent responses from TP Philippines in the Trust Index Survey, which is part of the rigorous certification process conducted annually by the institute and a definitive global standard of what it means to be a great workplace. The survey evaluates companies based on their employees’ perception of them in terms of credibility, respect, fairness, pride, and camaraderie, among others. Only companies whic have achieved at least 65 percent in the survey are qualified to receive the certification.
FUSO inaugurates CDO outlet
The Japanese distributor of the popular Canter inaugurated its new 3S (Sales, Service, and Spare Parts) outlet in Cagayan de Oro City last July 25.
FUSO Cagayan de Oro will now address the customers’ requirements by providing sales and service support to further strengthen the FUSO’s presence in Mindanao. The outlet adds to the network of FUSO dedicated dealerships operating under Fast Autoworld Philippines Corp., an authorized dealer of Sojitz Fuso Philippines Corp.
Located in Purok 8-A, San Pedro, Gusa,l which is very accessible to commercial, logistics, and automotive areas in the city center. FUSO CDO is well-equipped with new equipment, three commercial vehicle showroom displays, service workshops, and skilled sales and aftersales team to offer support to all FUSO customers in the region.
Cargill trade mission
USDA Agribusiness Trade Mission Delegation with C-Joy Team
Cargill in the Philippines recently hosted delegates from the United States Department of Agriculture (USDA) Agribusiness Trade Mission as they went on a tour of the company’s flagship poultry plant, C-Joy Poultry Meats Production Inc., located in Sto. Tomas, Batangas.
This is the first in-person trade mission to be hosted by the global leader in food, agriculture, and nutrition in the Philippines since the pandemic began.
The delegation, consisting of representatives from the USDA Foreign Agricultural Service, 10 state agricultural departments, and 9 farm organizations and trade associations, is part of a trade mission to the Philippines with the goal of introducing a diverse group of companies and organizations to new export and investment opportunities in the country. Parallel with this visit, 16 agribusinesses will conduct 200 meetings with Philippine companies and FAS administrator Daniel Whitley will liaise with government leaders.
Gigacover establishes leadership in PH
Gigacover, a Singapore-based insurtech company, marked its first year of operations in the Philippines with a 35 percent month-on-month growth in revenues coming from its services and digital insurance and healthcare products powered by its insurer and healthcare partners.
Positioned to establish leadership in the market, Gigacover is eyeing more partnerships across different industries to offer 360 protection for Filipino workers and businesses.
The significant growth in the Philippines was driven by innovative products that addressed new market challenges in the country. In partnership with Etiqa Philippines, Gigacover introduced the Freelancer Earnings Protection (FLEP), the first income protection for freelancers in the market and Southeast Asia, in response to the rise of gig economy, and the comprehensive Employee Benefits plan for organizations looking for competitively priced healthcare benefits packages for their formal and informal workforce.
Entrepreneurs graduate from I-WE’s Tech2Transform program
Indian Women in Enterprise (I-WE), a non-profit organization centered on empowering women professionals, concludes the first run of Tech2Transform (T2T), a program that equips women leaders and entrepreneurs with the capacity to grow and develop their businesses.
Twenty-seven Filipina entrepreneurs graduated from all over the Philippines, while its top 10 finalists and four business projects received awards and distinction at a graduation event held at Marriott Hotel Manila.
The top four participants of the program were also awarded during the ceremony for their business plans: Ericka Evangelista of the Ericka Evangelista House of Fashion for Most Committed to Transform, Franz Badong-Repuyan, of RuyagPH for Best Business Strategy, Jennifer Subang of Agridom Solutions Corp. for Best in Digital Marketing, and Ellenita Red of ARTE Fashion Store for Best in E-Commerce Strategy.
