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Balikbayan Magazine Balikbayan Magazine

The Global Business, Investment, & Travel Briefing for the Global Filipino Community

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  • Health

Development Bank of the Philippines backs P1.35-billion hospital project in Batangas

  • August 27, 2020
  • Balikbayan Media Center
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Signing of Loan Agreement Grant to STDHMCI (DBP Photo)

State-owned Development Bank of the Philippines (DBP) has granted a P1.35-billion term loan to Sto. Tomas Doctors Hospital and Medical Center Inc. (STDHMCI) for the construction of a 10-storey Level 2 hospital building with an initial capacity of 200 beds in Sto. Tomas, Batangas.

The financing was granted under the DBP Strategic Healthcare Investment for Enhanced Lending & Development (SHIELD) program which aims to improve the delivery of quality health care services in the country.

Present during the signing of the loan agreement at the DBP Head Office in Makati City were (seated, from left) DBP Vice President Jeanne D. Adamos, STDHMCI Chairman Dr. Felix Nolasco, DBP President and Chief Executive Officer Emmanuel G. Herbosa, and STDHMCI President Dr. Roberto De Leon. Also in photo are STDHMCI executives (standing, from left) Dr. Ruzena Opulencia, Dr. Maria Eulenia Nolasco, and Dr. Teodorico Opulencia together with DBP Account Officer Kimberly Rose Ricasa.

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Stay updated with news and information from the Development Bank of the Philippines by visiting their website at dbp.ph.

Balikbayan Media Center

Balikbayan Magazine's Media Center serves an audience in 60 countries and 101 cities throughout the World to ignite, drive, and fuel the economic development, progression, and modernisation of the Philippines. Our Media Center curates only the most critical, vital, useful, entertaining, and sometimes amusing information released from both the public and private sector. Our editorial team strongly believes that a well-rounded and well-informed society is a thriving society.

Related Topics
  • Batangas
  • Development Bank of the Philippines
  • Hospitals
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