FROM THE MARGINS In my previous article, I lamented the declining contribution of agriculture to the country’s gross domestic product. As we are an agricultural country that is rich in natural resources, we should aim to grow our agricultural sector to a level that surpasses services and industry...
The new Agri-Agra law gives a much-needed break to the agriculture sector, Senator Cynthia Villar said on Tuesday Aug. 2. Villar explained that financing for farmers and fisherfolk would be expanded, and reaching the agricultural sector and promoting rural development would be more effective since...
The Department of Finance (DOF) welcomed the enactment of the Agriculture, Fisheries and Rural Development Financing Enhancement law, commonly known as Agri-Agra law, that is expected to boost the local farm sector. In a statement Friday, July 29, Finance Secretary Benjamin E. Diokno said Republic...
In a bid to entice more borrowers from the agriculture sector, Bank of the Philippines (BPI) has opened a loan program to small and medium enterprises (SME) with no collateral and fewer documentary requirements. BPI Business Banking Head Eric Luchangco said in a statement that the Ayala-led bank is...
Amid the pending amendments to the Agri-Agra Reform Credit of 2009 (Agri-Agra Law), the Land Bank of the Philippines (LANDBANK) said it is open to revisiting its existing loan application requirements to make it easier for farmers and fishermen to borrow from the state-run bank. In a statement,...