Bank offers assistance for Manila Bay clean-up

Date

February 14, 2019

Metadata

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Classification code

MB20190214_B-6

Excerpt

State-run Development Bank of the Philippines (DBP) is prepared to provide the necessary financing to all establishments located near Manila Bay in support of the National Government’s efforts to rehabilitate the area, a senior official said yesterday. DBP President and Chief Executive Officer Cecilia C. Borromeo said the bank’s loan programs on environment protection and its experience in bankrolling water treatment and sanitation projects would be beneficial to companies seeking to comply with existing environment rules and regulations. The Department of Environment and Natural Resources (DENR) recently spearheaded a massive clean-up of the 2,000 square kilometer Manila Bay, which has degraded over the years due to domestic sewage, toxic industrial effluents and leachate from dumps.

Citation

Bank offers assistance for Manila Bay clean-up. (2019, February 14). Manila Bulletin, p. B-6.