Loan agreement

Pueblo de Oro Development Corp., the residential development arm of the ICCP Group, signs a P500-million term loan agreement with the Development Bank of the Philippines. The loan proceeds will be used to build more residential projects within the company’s project sites in Cagayan de Oro, Cebu, Pampanga and Batangas. Attending the signing ceremony are are (from left) DBP senior vice president Ma. Lourdes Gumba, PDO president and chief operating officer Prim Nolido, DBP president and chief executive Michael De Jesus, DBP chairman Dante Tinga, PDO chairman and CEO and ICCP Group chairman Guillermo Luchangco, ICCP president and CEO Valentino Bagatsing and DBP vice president Raquel Atienza.