LBRDC HOLDS ITS 2026 ANNUAL STOCKHOLDERS’ AND ORGANIZATIONAL BOARD MEETINGS

MANILA, Philippines — On May 6, 2026, the LBP Resources and Development Corporation (LBRDC) held its Annual Stockholders’ and Organizational Board Meetings at the 10th Floor, Function Rooms 3A and 3B, LBP Plaza, Manila

The Annual General Meeting - presided over by LBRDC’s parent corporation, Land Bank of the Philippines (LANDBANK), represented by its President and Chief Executive Officer (PCEO), Ms. Lynette V. Ortiz - started with the Annual Report on Financial Highlights, Construction and System Initiatives Updates report of LBRDC’s incumbent PCEO, Mr. Ricardo C. Juliano, followed by the nomination and election of the members of the Board of Directors for CY 2026-2027.

In his report, PCEO Juliano presented the financial highlights for the year ending December 31, 2025, as a review of the corporation’s performance. The corporation grew 20% from the previous year, and 50% over the last four years. The roadmap for the coming year focuses on expanding construction services for national government agencies and Government-Owned and Controlled Corporations (GOCCs).

Additionally, the recent issuance of CSC-COA-DBM Joint Circular No. 1, s. 2025, which prohibits further engagement of Job Order and Contract of Service workers in government agencies and instrumentalities introduced an opportunity to LBRDC which allowed the corporation to sustain manpower services—such as office support, technical staff, and janitorial services—for esteemed clients including LANDBANK, Government-Owned and Controlled Corporations (GOCCs), National Government Agencies (NGAs), and Government Financial Institutions (GFIs). This is evidenced by the influx of inquiries received by LBDRC.

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