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A bill aiming to overhaul the country’s warehouse receipts system to help boost farmer’s productivity, introduced by Senator Win Gatchalian, has been sponsored by Senator Koko Pimentel, III, chairman of the Senate Committee on Trade, Commerce, and Industry. According to Gatchalian, he filed Senate Bill No. 2171, otherwise known as the Philippine Warehouse Receipts Act […]
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 […]
Several electrification projects in 2018 ranging from installation of new substations, construction of distribution lines, to rehabilitation of mini-hydro power plants were financed through loans offered by state-run National Electrification Administration (NEA). Data from the NEA Accounts Management and Guarantee Department (AMGD) showed P2.084 billion worth of loans, including calamity loans, were extended to 62 […]
Over a year after the guns fell silent in Marawi City, the Department of Trade and Industry (DTI) has continued to provide livelihood assistance for families and individuals whose lives were turned upside down by the months-long fighting. The Small Business (SB) Corp. said disbursement of the P100 million budget for livelihood assistance to internally […]
Saying cheap credit will also improve the agriculture sector’s productivity, Senator Cynthia Villar commended thrift banks for being at the forefront of providing this to farmers and fisherfolks. During the Chamber of Thrift Banks General Membership Meeting at the Makati Shangri-La Hotel, Villar said agri-entrepreneurs, businesses and rural cooperatives are also among the beneficiaries of […]
Rather than being burdened by high-interest loans collected by loan sharks and other informal lenders, Senator Bam Aquino encouraged the public to approach microfinance non-government organizations (MFI NGOs) for lower-interest and no-collateral financing. “Madali nga ang proseso ng pangungutang sa 5-6 subalit pinapatay naman tayo sa laki ng interes sa kanilang mga pautang,” said […]