Senator Cynthia Villar expressed confidence that President Ferdinand Marcos Jr. will prioritize the signing into law of a bill condoning loans of farmers and agrarian reform beneficiaries (ARBs). Villar, chairperson of the Committee on Agriculture, Food, and Agrarian Reform, said Senate Bill 1850 or the New Agrarian Emancipation Act will benefit 610,054 ARBs who were […]
Tag: debts
Deputy Speaker Benny Abante Jr. reiterated his longstanding opposition to Philippine offshore gaming operators (POGOs), and said that there is growing evidence that the country does not benefit from POGO operations that are supposed to bring in billions of pesos in revenues. “No revenue, no benefits! The only ones profiting from this immoral industry are […]
To ensure the financial viability and continuous operation of local water districts (LWD) around the country, Senator Sonny Angara is pushing for the grant of a one-time condonation of the interest arrearages and penalties on the loans they incurred with the Local Water Utilities Administration (LWUA). Over the years, several LWDs have accumulated debts, which […]
The chairman of the House of Representatives’ Committee on Agriculture and Food has welcomed the move by the Department of Agriculture (DA) to allocate P200 million in loan funds for rice farmers who will sell their produce to the National Food Authority (NFA). “This is good news for our farmers. Mahalaga itong nagbubuhos tayo ng […]
Electric cooperatives (ECs) have lauded Department of Energy (DOE) Secretary Alfonso Cusi for urging government agencies to settle their electricity bills, saying that the timely payment of the agencies’ obligations would allow the ECs to properly service their franchise areas. Philippine Rural Electric Cooperatives Association, Inc. (PHILRECA) Executive Director Atty. Janeene Depay-Colingan on Sunday said […]
House Appropriations Committee Chairman Rep. Karlo “Ang Probinsyano” Nograles warned the National Food Authority (NFA) against continuing its fund diversion spree, noting it could influence other agencies to likewise violate the law. “Kung ginagawa ng NFA yan, (If NFA has been doing this) nothing will stop other agencies and departments from also diverting their funds […]