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NegOcc allots P19.2-M additional fund for crop insurance


April 14, 2021
THE Provincial Government of Negros Occidental has alloted about P19.2 million in additional fund for its crop insurance program aimed at helping local farmers.
Governor Eugenio Jose Lacson signed a Memorandum of Agreement (MOA) with Philippine Crop Insurance Corp. (PCIC) president Jovy Bernabe for the transfer of funds at the Provincial Capitol Building in Bacolod City Thursday, April 14, 2021.
Dubbed Negros First Crop Insurance Program (NFUCIP), the program is a joint initiative of the provincial government and the PCIC to insure agricultural crops in the province.
The additional fund is intended for the implementation of the insurance program for the crop year 2021 and onwards. ....

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DA doubles indemnification payout for ASF-infected hogs from P5K to P10K


April 08, 2021
THE Department of Agriculture (DA) has urged hog raisers to report African swine fever (ASF)-infected hogs to prevent the further spread of the disease that is affecting the country’s hog industry.
In a press release, Agriculture Secretary William Dar said the DA through the Philippine Crop Insurance Corp. (DA-PCIC) is increasing its indemnity for hogs culled due to ASF.
“Through the PCIC insurance program, we are doubling the indemnification payout for every pig that contracts ASF from P5,000 to P10,000. With the increased indemnity, hog raisers are encouraged to report affected pigs, thus controlling the ASF from spreading,” the DA chief said. ....

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GOCC subsidies top P230 billion in 2020, up more than 14%


March 7, 2021 | 7:49 pm
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PHILSTAR
SUBSIDIES PROVIDED to government-owned and -controlled corporations (GOCCs) rose 14.34% in 2020 to P230.418 billion, with close to half going to the Philippine Health Insurance Corp. (PhilHealth) and the Social Security System (SSS), which implemented a wage subsidy program designed to keep workers employed during the pandemic.
The subsidy totals were released by the Bureau of the Treasury over the weekend.
The overall subsidies exceeded the reduced P191-billion budget for the year by 53%.
In December, subsidies rose 68% to P42.561 billion.
Some P113 billion went to PhilHealth and the SSS, with the former receiving support for its increased coverage for coronavirus disease 2019 (COVID-19) cases and the pension fund implementing the wage subsidy program. ....

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