September 5, 2025 | 12:00am
MANILA, Philippines — State-owned Growth Financial institution of the Philippines (DBP) has unveiled a P510-million company social accountability initiative geared toward increasing entry to high quality training throughout the nation by enhancing college amenities and endowments.
DBP president and CEO Michael de Jesus mentioned the financial institution’s built-in scholastic program for inclusive and responsive training is a strategic complement to authorities initiatives by way of scholarships and collaborative help with greater training establishments (HEIs).
“Within the first yr of this system’s implementation, at the very least 350 financially challenged college students will profit, particularly these enrolled in programs similar to engineering and its associated fields,” de Jesus mentioned.
This additionally contains packages of accountancy, training, agriculture and forestry, sciences, maritime, info expertise and technical vocational programs, because the social accountability initiative covers each primary and tertiary training ranges.
Below this system, P437.5 million will fund scholarships, masking tuition, matriculation charges, residing allowances and research supplies for financially challenged college students.
Moreover, this system will present P72.5 million in help to the Division of Training (DepEd)’s adopt-a-school and brigada eskwela packages geared toward enhancing classroom amenities and offering important studying tools for 150 public colleges.
De Jesus mentioned this system builds on the financial institution’s earlier training and company social accountability initiatives, which collectively invested P1.5 billion and supported over 5,000 students up to now 15 years.
Notably, he mentioned the earlier packages achieved employment charges of 94 p.c and 96 p.c amongst graduates, exceeding the nationwide common.
“DBP will proceed serving to advance high quality training within the nation by way of its sturdy collaboration with the DepEd and associate colleges and universities, and in recognition of the transformative energy of training,” de Jesus mentioned.
In complete, the financial institution has tapped 9 HEIs for this system, such because the Bulacan State College, Polytechnic College of the Philippines, Saint Dominic School of Asia, Cebu Regular College, College of Cebu and Mindanao State College – Iligan Institute of Expertise.
It additionally contains Misamis Institute Expertise, College of Science and Expertise of Southern Philippines and Zamboanga State School of Marine Science and Expertise.