DBP signs multi-billion credit deal with local ship building
State-owned Development Bank of the Philippines (DBP) has granted a P4.17-billion term loan to Megaship Builders, Inc. (MBI) to upgrade and expand its shipbuilding and ship repair complex in Albuera, Leyte, a top official said. DBP President and Chief Executive Officer Emmanuel G. Herbosa said that the loan proceeds will be used to partially finance
DBP lends P4.17 billion to local shipbuilder | Philstar.com
MANILA, Philippines — State-run Development Bank of the Philippines (DBP) has provided a P4.17 billion loan to a local shipbuilder to support the expansion of the company’s shipyard in...
DBP grants P4.17 billion loan to local shipbuilder
DBP grants P4.17 billion loan to local shipbuilder BY Elisor Recide Jan 28, 2025 9:00 PM The Development Bank of the Philippines (DBP) has granted a P4.17-billion loan to Megaship Builders, Inc. (MBI) to upgrade and expand its shipbuilding and ship repair complex in Albuera, Leyte.
DBP signs multi-billion credit deal with local ship building
State-owned Development Bank of the Philippines (DBP) has granted a P4.17-billion term loan to Megaship Builders, Inc. (MBI) to upgrade and expand its shipbuilding and ship repair complex in Albuera, Leyte, a top official said. Already have an active account? Log in here. Keep reading with one of these options: Premium Subscription P 80 per month
DBP grants P4.17 billion loan to local shipbuilder – Manila
The Development Bank of the Philippines (DBP) has granted a P4.17-billion loan to Megaship Builders, Inc. (MBI) to upgrade and expand its shipbuilding and ship repair complex in Albuera, Leyte. "The project will increase the shipyard's capacity from 10,000 Deadweight tonnage (DWT) to 200,000 DWT,
- How much money did Development Bank of the Philippines give a shipbuilder?
- From January to September last year, the bank released P374.85 billion in loans to various sectors, nearly 14 percent higher than the previous year’s P329.07 billion. State-run Development Bank of the Philippines has provided a P4.17 billion loan to a local shipbuilder to support the expansion of the company’s shipyard in Albuera, Leyte.
- Why did DBP sign a term loan agreement with Megaship builders?
- In a statement, DBP president and chief executive officer Emmanuel Herbosa said the bank signed a term loan agreement with Megaship Builders Inc. (MBI) to upgrade and increase the capacity of its shipbuilding complex.
- Why is DBP building a new shipyard?
- DBP Executive Vice President for Development Lending Jose Gabino D. Dimayuga said the project would help address the lack of viable shipyards that could accommodate the growing number of vessels in the country, which presently has a ratio of 204 vessels to one shipyard.
- What will the DBP loan money be used for?
- DBP President and Chief Executive Officer Emmanuel G. Herbosa said that the loan proceeds will be used to partially finance the construction of the shipyard’s second and third slipways, office building, and other support facilities.
- How many ships can a DBP shipyard accommodate per month?
- "The project will increase the shipyard's capacity from 10,000 Deadweight tonnage (DWT) to 200,000 DWT, accommodating an average of 10 vessels per month from the current two vessels per month,” according to DBP President and Chief Executive Officer Emmanuel G. Herbosa.
- Does the local shipbuilding industry have room for growth?
- Hence, the local shipbuilding industry has much room for growth. MBI, for its part, has been operating for the fifth year now and will use the DBP loan to partially finance the construction of the shipyard’s second and third slipways, office building and other support facilities.
