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Agro-fishery losses further rise to P53.6M

January 13, 2021
MORE damage and production losses brought by the recent massive flooding in Negros Occidental to the local agro-fishery sector were recorded, now reaching at about P53.6 million.
Provincial Agriculturist Japhet Masculino said Wednesday, January 13, that the initial damage caused by the flash floods due to heavy rains with strong winds last January 8 has further surged to almost P28.5 million.
Of the figure, the rice sector incurred the biggest amount of losses, at P15.28 million.
This covers 919 affected rice farmers with a total area of about 604 hectares in 42 barangays of Sagay City, Cadiz City, Manapla, Talisay City, Silay City and Valladolid. ....

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Gov't-owned firms remit P160.62B to Treasury —DOF

By TED CORDERO, GMA News
Published January 1, 2021 12:23pm
Government-owned or -controlled corporations (GOCCs) remitted a total of P160.62 billion to the Bureau of the Treasury (BTr) as of December 15, 2020, according to the Department of Finance (DOF).
In a statement, the DOF said the GOCCs’ remittances will help fund the government’s continuing efforts to curb the spread of COVID-19 and provide economic relief to pandemic-hit businesses and individuals.
Of the P160.62-billion remitted to the Treasury, P133.50 billion represents the cash dividends from 55 GOCCs as mandated under Republic Act (RA) No. 7656 or the Dividends Law.
The RA 7656 requires GOCCs to remit at least 50% of their net earnings to the National Government (NG). ....

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Crop damage from storm Vicky now at P129.76 million

December 23, 2020 | 7:31 pm
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CROP damage from tropical storm Krovanh, known in the Philippines as Vicky, was estimated at P129.76 million as of early Wednesday, the Department of Agriculture (DA) said.
The DA said the storm damaged 1,202 metric tons (MT) of crops across 21,008 hectares of farmland. More than 16,761 farmers and fisherfolk were affected.
Losses were reported in the Cagayan Valley, Davao, and Caraga regions. The latest damage reports were swelled by additional reporting from Davao and Caraga.
The affected commodities include rice, corn, high-value crops, fisheries, livestock, and poultry.
Rice accounted for the majority of the damage at 83%, followed by corn at 16%, and other sub sectors at 1%. ....

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Senate bill seeks to expand PCIC capital base

Senate bill seeks to expand PCIC capital base
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