The Development Bank of the Philippines granted a P100-million revolving credit line to Centro Manufacturing Corporation to finance its assembly of truck bodies, automotive parts and accessories.
CMC builds truck bodies and provides truck-related equipment and services to local automotive companies and brands, including Toyota, Mitsubishi, Nissan, among others. Funding the transport sector will hasten economic recovery, facilitating the movement of people, basic commodities and other goods, stressed DBP Executive Vice President Jose Gabino D. Dimayuga.
Source: Loan Digest (loandigest.net)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: