1 RATIONALE

2 LANDBANK MASTERCARD PREPAID CARD (LMPC) OR “LANDBANK TES CARD” VIRTUAL

3 REGIONAL CARAVAN
4 February 11, 2021
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6 My respect to our CHED regional director Dr. Leonida Calagui mam… good afternoon
7po, to Atty. Ryan Estevez OIC Executive Director of UniFAST sir, Senior Vice President
8Camilo Leyba, of Landbank East Mindanao Branches group sir, to CHED Caraga team and most
9importantly to the key officials and TES coordinators of our partner Higher Education Institutions
10in the Caraga region, good afternoon po sa inyong lahat!
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12 In pursuit of timely and convenient way of disbursing the Tertiary Education Subsidies to
13student-grantees across the country and almost 26,000-active student-grantees here in the Caraga
14region, especially during this time of COVID-19 pandemic, the CHED-UNIFAST and the
15Department of Budget and Management in partnership with the Landbank of the Philippines,
16launched the Landbank MasterCard Prepaid Card (LMPC) or also known as Landbank TES
17Card for our TES Student-Grantees last January 15, 2021. So, following the successful activity,
18we are now gathered together here “virtually” for this Office to conduct the Landbank TES
19Card Regional Caravan together with UniFAST and our partner, the Landbank of the
20Philippines to: Provide an overview of RA 10931 programs and relevance of LMPC issuance,
21pursuant to the provisions on the Guidelines of Tertiary Education Subsidy (TES) Program under
22Joint Memorandum Circular No. 9, Series of 2019 specifically on the rules of disbursement; and
23of course to orient LMPC’s processes and features as well as the presentation of some Frequently
24ask questions that everyone might find it useful. And of course, most importantly an orientation
25of Landbank TES Card application process. After the presentations, there will be an open forum
26for us to raise our questions and other related issues and concerns.
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28 So once again good afternoon everyone and thank you for your attendance this afternoon.
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30 Mabuhay po tayong lahat!