The Bangko Sentral ng Pilipinas (BSP) has included households and the community of agrarian reform beneficiaries (ARB) as qualified borrowers for agriculture, fisheries and agrarian reform credit in a new circular. BSP Circular No. 1111 (Amendments to the Rules and Regulations on the Mandatory...
The Philippine government is hoping to end the more than a decade of non-compliance with the Agri-Agra Act, which requires private banks to lend a portion of their funds to farmers and fishermen. This, as the government finally issued the amended implementing rules and regulations (IRR)...
To encourage banks to release more loans to borrowers, the Bangko Sentral ng Pilipinas (BSP) will temporarily consider housing loans as banks’ alternative compliance to the Agri-Agra Reform Credit Act of 2009 (Republic Act 10000) until the end of this year. Under the law, all private banks are...
Trade and Industry Secretary Ramon M. Lopez has pushed for more investments and innovation in agriculture in Mindanao stressing this is the best way to ensure growth for this industry and maximize its huge potential to help in the country’s economic recovery. Trade and Industry Secretary Ramon...
In some families whose livelihood is farming, parent-farmers normally train or encourage their children to participate in farming activities at a young age. However, farming is not everyone’s choice. This farmer was an exception. A young farmer Jerick Javier Clerigo, 27, admits that he wasn't...
Starting a collection isn’t always easy--especially one composed of plants. There are a lot of things to consider such as variety, budget, as well as the time and effort needed in order to maintain it. Cyril Sontillano, a plant enthusiast and hobbyist, knows the challenges that come with starting...
