Present at the loan agreement signing between the Development Bank of the Philippines (DBP) and Tuguegarao City local government unit (LGU) are (from left) City Treasurer Buenaventura Lagundi, City Mayor Jefferson Soriano, DBP President and Chief Executive Officer Emmanuel Herbosa and DBP Senior Vice President Catherine Camarao with other officials from DBP and the LGU. CONTRIBUTED PHOTO
DEVELOPMENT Bank of the Philippines (DBP) has granted a new P311.8-million term loan to the local government unit (LGU) of Tuguegarao City to bankroll public infrastructure and agriculture productivity enhancement projects in the area, a top official said.