00:00 The Malabon City Local Government has partnered with the Development Bank of the Philippines or DBP
00:06 for the implementation of Asenso Financing Program.
00:09 Denisse Osorio has the full details.
00:12 The Development Bank of the Philippines or DBP and the Malabon City Local Government on Tuesday, May 21,
00:20 inked a Memorandum of Agreement to aid the implementation of accelerating sustainable economic and social empowerment
00:27 through national and local initiatives to overcome challenges or Asenso Financing Program.
00:32 This Fund will be used for projects and infrastructure related to different issues of our country,
00:40 including the solution of the problem of informal settlements, illegal parking of vehicles and the lack of access to public transportation.
00:49 Our goal is to reduce the number of informal settlers and we, through the establishment of housing projects
00:59 including Mid-Rise Housing Projects, 88 housing units, ASESA Extension and 220 housing units.
01:07 This is the proof that we will continue to find solutions to improve the lives of every Malabonese.
01:15 With the help of the DBP, our work will be great to ensure that everyone will have a good life.
01:24 The DBP emphasized the funding will sustain the acceleration of Malabon's infrastructure and socio-economic projects
01:30 consistent with the goals of the Philippine Development Plan.
01:33 The DBP added its Asenso Financing Program will bankroll the construction of critical infrastructure projects
01:39 aimed to facilitate trade and transportation to strengthen the city's local economy
01:43 and housing projects aimed to improve quality of life.
01:46 For their visionary approach and steadfast commitment to the development of Malabon City,
01:52 your proactive efforts and strategic planning have set a clear path for the city's future
01:59 and we are honored to be your partner in this journey.
02:03 Meanwhile, Malabon City, in collaboration with Philippine Postal Corporation or PhilPost,
02:08 unveiled the city's commemorative stamp and official first day cover
02:11 in commemoration of Malabon City's 425th Foundation Day,
02:15 featuring the 409-year-old San Bartolome Church,
02:18 the Pancit Malabon,
02:19 the La Princesa Tabacalera,
02:21 and the Tambobong Festival.
02:23 Denise Osorio, from the National Television Network, for a new and better Philippines.
