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Green anti-erosion
technology gets ‘thumbs up’
from Plantersbank
Plantersbank recently granted
a P10 million credit line facility
to Coco Technology Corporation
(Cocotech). The loan facility
will support working capital
requirements for the production
of coco fiber geo-textile nets for
erosion control and slope protection
along the Tarlac-Pangasinan-La
Union Expressway (TIPLEX).
Cocotech is the country’s
foremost company that specializes
in bio-engineering construction.
The company uses coconut fiber
in the manufacture of geo-textile
nets used in slope protection, river
and shoreline rehabilitation and
erosion protection. The company
also promotes sustainable living by
providing livelihood opportunities
to some 500 families of low-income
coconut farmers in various areas
in the Bicol Region who do the
twining and weaving of waste
coconut fibers.
This project is aligned with
Plantersbank’s thrust to encourage
commercial growth of sustainable
tec h nolog ies a nd suppor t
integration of rural producers into
the economic mainstream.
Supporting green
technology.
Plantersbank
chairman
Ambassador Jesus
P. Tambunting
(third from left) and
Cocotech president
Dr. Justino
Arboleda (second
from left) shakes
hand formalizing
the agreement.
Witnesses are Mr.
Washington Sycip,
founding chairman
of SGV & Co. and
honorary chairman
of Philippine
Business for the
Environment,
and Plantersbank
president Fe
Miranda T. Aruta.
Plantersbank to host 2012 APEC Conference on SME Financing
Plantersbank has the honor of
hosting the 9th Annual Meeting
and Conference of the Asia Pacific
Economic Cooperation (APEC)
Financial Institutions Dealing With
SMEs (APECFinancingSMEs) in
July 2012.
Witnessed by top executives
representing 13 SME financing
institutions from 11 Asia-Pacific
countries, the turnover took on
added significance, considering the
cultural and historical ties between
the Philippines and Mexico dating
back to the nao de China or Manila-
Acapulco galleon trade.
The official handover was made
last July at the start of the threeday
conference in Nueva Vallarta
in Mexico. Plantersbank first vice
president and head of Corporate
Communications Roberto F.
Banaag (front row, 4th from left)
received the appointment on behalf
of Plantersbank and the Philippines
from Mexico’s Nacional Financiera
(NAFINSA) development bank
CEO Hector Rangel Domene (front
row, 8th from left).
Other institutions present were
the China Development Bank, Bank
of China (Hong Kong) Ltd., Japan
Finance Corporation, Industrial
Bank of Korea, the Association of
Banks in Malaysia, NAFINSA of
Mexico, the Association of Banks
in Singapore, Taiwan Cooperative
Bank, SME Development Bank
of Thailand and the Vietnam
Joint Stock Commercial Bank for
Industry and Trade.
Lucena SMEs pack Plantersbank Seminar
Planters Development Bank received an
overwhelming welcome in Lucena city during the
Work on Wheels (WOW) SME Caravan project
sponsored by the Department of Trade and Industry
and the SME Development Council of Quezon
province.
The event, which marked the nationwide
celebration of SME Development Month, drew scores
of business people, traders and aspiring entrepreneurs
from this city and nearby Quezon towns.
Some 300 guests crowded the SM Lucena
Activity Center to hear Plantersbank FVP Adonis C.
Yap’s seminar on Credit Sourcing and Management.
The large turnout attests to the growing recognition
of entrepreneurship as the path to financial
independence and wealth.
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