Term loan

MANILA, Philippines - The Development Bank of the Philippines (DBP) has granted a P101-million term loan to the local government of Roxas, Palawan to finance the construction of a public market and transport terminal complex in the municipality. The project is expected to stimulate trade and improve the mobility of goods and people within the area. In photo are: (seated, from left) DBP Puerto Princesa branch head Jose Maria Peteza; Roxas, Palawan mayor Maria Angela Sabando; DBP regional marketing center-Southern Tagalog head Abelardo Monarquia; and Roxas municipal treasurer Elsa Pedrez. Standing are: (from left) Elmie Calibo of DBP Puerto Princesa branch; budget officer Leonora Valenzuela, councilor Diosdado Agustin, municipal accountant Esther Conde, and councilor Nardo Apgao of Roxas, Palawan; and Jestoni Urbano of DBP.