February 27, 2024
State-owned Development Bank of the Philippines has granted P900 million funding support to a Cebu-based real estate developer as part of efforts to boost the construction of public housing to address the country’s widening housing backlog. In photo during the loan signing in Cebu City are (seated third from right) DBP President and CEO Michael O. de Jesus and (seated third from left) JVC President and CEO Richard D. Lim together with (from left to right) JVC Finance Officer Patrick O. Lim, JVC Director Norma T. Lim, DBP Director Emmeline C. David and DBP Director Wilma Eisma. Standing at the back are DBP and JVC officials and representatives. — DBP handout photo