1 week DBP crafts financing package for public transport entities MB |Biz
The Development Bank of the Philippines (DBP) is now working with the Department of Transportation (DOTr) and the Land Transportation Franchising and Regulatory Board (LTFRB) for a financial assistance scheme to help transport providers get back on their feet. The assistance includes government subsidies to public utility vehicle (PUV) operators, according to DBP President and Chief Executive Officer Emmanuel G. Herbosa. The subsidies will cover the operators’ lost income during the temporary ban on PUVs in the wake of the community lockdowns.   “DBP is one with the DOTr and LTFRB in finding suitable and sustainable solutions to assist the ... more