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(UPDATE) PRESIDENT Ferdinand Marcos Jr. on Friday signed a new law that condones over P57 billion worth of loans of more than 600,000 farmers who are agrarian reform beneficiaries (ARBs).
Philippine Canadian Inquirer PBBM signs New Agrarian Emancipation Bill into law News
The leadership of the House of Representatives on Friday said the New Agrarian Emancipation Act will free more than half a million beneficiaries of the Comprehensive Agrarian Reform Program (CARP) from the shackles of indebtedness. Speaker Ferdinand Martin Romualdez and Camarines Sur Rep. L-Ray Villafuerte said the new law signed…
PRESIDENT Ferdinand R. Marcos Jr. signed on Friday Republic Act No. 11953 or the New Agrarian Emancipation Act, which will provide debt condonation for over 600,000 agrarian reform beneficiaries (ARB) nationwide. The law will condone P57.557 billion worth of unpaid amortizations, including interest and surcharges for 1,173,101.57 hectares of awarded lands to 610,054…
Senator Cynthia Villar was elated with the recognition given by the World Bank to the Rice Tariffication Law (RTL) or Republic Act No. 11203 as a "strategic policy reform." The WB lauded the RTL, which was passed into law in 2019, as "indicative of the true spirit of this strategic shift." Villar's…