Metro Manila, Philippines – To help cushion the impact of rising energy prices on vulnerable sectors, LANDBANK said it is ramping up its energy crisis response through a coordinated mix of fuel subsidies, commuter support, and concessional financing to deliver immediate relief and longer-term assistance.
It said in a statement the interventions are aligned with the Unified Package for Livelihoods, Industry, Food, and Transport (UPLIFT) program.
The state-owned bank said it secured the digital processing of the ₱10-per-liter fuel subsidy. Launched on April 14 and running until July, the digital infrastructure serves as the primary channel to facilitate the efficient distribution of aid, ensuring that only qualified drivers or operators and accredited stations can transact under the subsidy program.
“Amid rising fuel costs, LANDBANK remains committed to delivering responsive and inclusive financial solutions that directly benefit transport operators, commuters, and food producers. Through close coordination with government partners, we ensure that assistance reaches those who need it, when they need it most,” LANDBANK President and CEO Lynette Ortiz was quoted in the statement.
Qualified public utility jeepneys and UV Express drivers can automatically avail of a ₱10 discount per liter of diesel at participating gasoline stations in Metro Manila. The subsidy covers up to 150 liters or ₱1,500 per unit per week, helping operators manage fuel costs while supporting stable fares for commuters.
The bank also said it has reintroduced the MRT-3 Balik Pasahe with LANDBANK Promo. From April 15 to July 31, MRT-3 passengers who pay with LANDBANK contactless Visa Debit, Mastercard Prepaid, or Mastercard Credit cards at select turnstiles will receive 100 percent fare cashback.
The bank said it is also extending longer-term support through its Calamity Assistance and Rehabilitation Efforts for a Sustainable Recovery Plus lending program, which provides financing for transport groups, micro, small and medium enterprises, and other affected sectors to support working capital, operating expenses, and recovery needs.
Support for the agriculture sector is also being strengthened through the Agrisenso Plus Lending, which offers loans at a low interest rate of 3 percent annually to help farmers and fishers manage rising input costs, including fuel and electricity, while sustaining productivity and food supply. This is complemented by the Agri-Fishery Support thru Capability Enhancement for Nationwide Development program, which brings together public and private partners to deliver capacity building, technical training, market linkage, and enterprise development support.
