January 18, 2021 – State-owned Development Bank of the Philippines (DBP) has granted a P4.17-billion term loan to Megaship Builders, Inc. (MBI) to upgrade and expand its shipbuilding and ship repair complex in Albuera, Leyte.

The loan will be used to enhance MBI’s capacity to build and repair more advanced and larger vessels, positioning the company to cater to both domestic and international markets. With this investment, MBI aims to strengthen its competitive edge in the maritime industry, contributing to the growth of the local economy and creating more job opportunities in the region.