State-owned Development Bank of the Philippines (DBP) seeks to boost the National Government’s efforts to support the local aquaculture industry through its latest partnership with the local subsidiary of a leading agro-industrial and food conglomerate, a top official said. DBP President and Chief Executive Officer Michael O. de Jesus said the Bank’s partnership with Charoen Pokphand Foods Philippines Corporation (CP Foods) is expected to enhance the implementation of DBP’s latest financing facility, the Aquaculture Value Chain Financing Program (AVCFP).

DBP signs financing deal to bolster aquaculture industry. (2023, April 14). SunStar Davao, p. 9.