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Old April 1st, 2012, 12:43 PM   #1
tita01
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MANILA | DBP Green Building | 240m+ | 54 fl | App

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Originally Posted by [dx] View Post


PGMA graces DBP anniversary rites

Manila (25 January) -- President Gloria Macapagal-Arroyo is the guest of honor of the 63rd anniversary celebration of the Development Bank of the Philippines (DBP) today, January 25, 2010, in Makati City. The President will be presented an agreement between DBP and the Overseas Workers Welfare Administration (OWWA), which puts in place an integrated assistance scheme for overseas Filipino workers and their families.

During the celebration, the President will unveil the scale model of the new “DBP Green Building” to be constructed at Fort Bonifacio, Taguig City. It is called green building as it plans to utilize solar power for its energy needs and construct a roof that reduces heat. It will also use natural light as much as possible.

The President will be presented with a gold trowel used to lay the cornerstone of the DBP Makati building 46 years ago. She will use the same trowel when construction of the DBP Green Building is launched. In the same occasion, the President will be presented with a dividend check, representing the highest ever amount remitted by DBP to the national government. The amount was not disclosed.

The bank traces its history to 1947 when it was established as the Rehabilitation Finance Corporation tasked to provide credit for the development of agriculture, commerce and industry, and for the reconstruction of properties damaged by the war. In 1958, RFC was renamed DBP and reorganized to take on activities and operations designed to accelerate national development efforts.

From 2001 to 2009, DBP has paid P18 billion in taxes. DBP is involved in the national government’s anti-poverty program by bringing down the cost of goods by financing the country’s modern storage, handling, and transport system. Through Sustainable Logistics Development Program, DBP has enabled the government to build the Road Roro Terminal System (RRTS), Cold Chain, and Grains Highway.

It has funded key environmental projects, the most notable of which is the P3 billion San Carlos Bioenergy Ethanol Power Plant in Negros Occidental. This plant is expected to produced 10 percent of the country’s fuel requirement. The bank is also supporting mini hydropower plant and hog farm methane projects, which will cause the reduction of 150,000 tons of greenhouse gas emissions on the aggregate.

It is making a P1.13 billion loan available to build 16,393 low-cost housing units in Subic, Zambales, for shipyard workers and their families. It is also in the process of extending a P3.3 billion loan for the construction of 54 hospitals and clinics throughout the country.
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Old April 1st, 2012, 12:50 PM   #2
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Old April 6th, 2012, 11:25 AM   #3
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I guess, this didn't push through. Maybe, because of politics...
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Old April 6th, 2012, 08:51 PM   #4
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Wow! nice shape!
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