Land Bank of the Philippines ensures that it will work closely with government partners for the seamless and immediate implementation of the New Agrarian Emancipation Act. The government is writing-off land amortizations managed by LandBank amounting to P57.74 billion as of 30 June 2023, effectively relieving over 649,000 agrarian reform beneficiaries tilling 1.17 million hectares of land debt. Joining President Ferdinand Marcos Jr. (center) after the signing of the law on July 7, 2023 are Agrarian Reform Secretary and LandBank board member Conrado Estrella III (eighth from right) and other DAR officials, together with LandBank president and chief executive Lynette Ortiz (thir from right), executive vice president Alex Lorayes (fourth from right) and vice president Marife Lynn Pascua (second from right).