Published January 29, 2021, 5:00 PM
The Department of Agriculture (DA) allocated P161 million of agriculture interventions to rice farmers in Caraga region for CY 2021.
DA 13 Regional Technical Director (RTD) for Operations Rebecca R. Atega said that the bulk of intervention for this year is dedicated to the non-Rice Competitiveness Enhancement Fund (RCEF) provinces – Surigao del Norte and Province of Dinagat Islands (PDI).
“Our support continues with the three provinces – Agusan del Norte, Agusan del Sur, and Surigao del Sur through the DA attached agencies & bureaus and other implementing agencies under the RCEF Program. Rest assured that more interventions are coming for the rice sector in the region,” RTD Atega said.
CALOOCAN CITY, Jan. 30 (PIA) The Land Bank of the Philippines (LandBank) expanded its total loan portfolio to the agriculture sector from P236.31 billion in 2019 to P237.62 billion in 2020, as the state-run bank remained aggressive in providing crucial lending support to the sector despite the challenges of the COVID-19 pandemic.
Of the P237.62 billion total outstanding loans, P43.98 billion benefitted small farmers and fishers, cooperatives and farmers’ associations, rural financial institutions and other conduits. Small, medium, and large agribusiness enterprises were granted P142.75 billion, while P50.89 billion was channeled to support agri-aqua related projects of local government units (LGUs) and government-owned and controlled corporations (GOCCs).
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MANILA, Jan. 26 Finance Secretary Carlos Dominguez III has called on lawmakers to help jumpstart the Philippines’ recovery from the global economic slump unleashed by the lingering COVID-19 pandemic by acting swiftly on “doable” priority measures such as long-due reforms in the corporate income tax (CIT) and fiscal incentives system and easing the inordinate restrictions on foreign ownership in certain sectors of the economy.
These priority measures include the proposed Corporate Recovery and Tax Incentives for Enterprises Act (CREATE) and amendments to “anachronistic” laws such as the 84-year old Public Service Act, the Retail Trade Liberalization Act and the Foreign Investments law, Dominguez said at Tuesday s hearing by the House committee on constitutional amendments on the latest initiative on Charter change (Cha-Cha).