Tuburan, Basilan Mayor Jhaber Kallahal and Land Bank of the Philippines senior vice president Charlotte Conde lead the signing of a P120-million loan agreement to finance the municipal government of Tuburan’s acquisition of various heavy equipment. With them are Tuburan treasurer Abubakar Mohammad , LandBank Zamboanga City Lending Center head Zenaida Valencia and account officer Jaydee Bongon .
Tuburan Mayor Jhaber Kallahal and LandBank senior vice president Charlotte Conde signed the loan agreement on May 23, 2024 in Zamboanga City. “LandBank stands ready to serve the growth needs of partner local government units to bankroll initiatives that stimulate economic activities. This complements our efforts in support of the agriculture sector and other key industries contributing to building inclusive and sustainable local communities,” said LandBank president and chief executive Lynette Ortiz.
This will help reduce operational costs associated with renting and subcontracting equipment for current and future construction projects across the town.