Finance Secretary Carlos G. Dominguez III expects the Home Development Mutual Fund, commonly known as PAG-IBIG Fund, will further boost its efforts in closing the housing gap and spur domestic activity as the government rolls out its recovery program this year. During the presentation on...
The Philippine Coconut Authority (PCA) will request an additional budget from the Department of Budget and Management (DBM) to fulfill some of its deliverables under the Coco Levy Act or Republic Act (RA) 11524, including the task of providing health and medical protection to coconut farmers. In an...
Only representatives from three government agencies – Department of Finance (DOF), Department of Budget and Management (DBM), and Department of Justice (DOJ) – will have the final say on how the Coconut Farmers and Industry Trust Fund (CFITF) will be managed and use. Based on the Republic Act...
Photos from media release Aiming to raise awareness on wildlife conservation, the Mobile Legends: Bang Bang Professional League (MPL) Philippines and the World Wide Fund for Nature (WWF) Philippines forged a partnership for the advocacy-driven Season 7 tournament which will start on March...
The proposed Coconut Farmers and Industry Trust Fund Act or Coco Levy Act, which will pave the way for the release and the utilization of the P100-billion coco levy fund, will lapse into law next week. This is 30 days since the enrolled copy of the Coco Levy Act has been sent to Malacanang on...
The proposed Coconut Farmers and Industry Trust Fund Act or Coco Levy Act, which will pave the way for the release of the P100-billion coco levy fund, is just awaiting the signature of President Rodrigo Duterte. Business Bulletin learned that the copy of the Coco Levy Act has already been sent to...
Housing developer Ovialand, Inc. is aiming to finish 600 housing units worth P1 billion this year. In a statement, the firm said it is slated to take out P1 billion from the PAG-IBIG Fund this year in the form of housing loans of its buyers. “We will be completing 600 housing units this...
Land Bank of the Philippines (LANDBANK) has opened a new credit facility that will fund 90 percent of borrowers’ investment requirement, but this is only if the borrower is either a farmer or a micro, small, and medium enterprise (MSME) engaged in the agricultural value chain of certain...
Multisectoral groups, comprising of 51 largest and widely-represented private sector associations, have urged for the immediate enactment of the Corporate Recovery and Tax Incentives for Enterprises (CREATE) bill to boost market confidence, save jobs and provide instant relief to businesses’...
Coconut farmers are coming up with a position paper that will formally ask President Rodrigo Duterte to veto Coconut Farmers and Industry Trust Fund or the Coco Levy Act, which will pave the way for the release of the P100-billion Coco Levy Fund. (MB FILE, Keith Bacongco) Pambansang Kaisahan ng...
Philippine Center for Postharvest Development and Mechanization (PHilMech) is confident that with the government’s mechanization efforts, the production cost of palay will go down by more than 20 percent but by the end of 2024 yet. Photo by Timur Kozmenko on Unsplash Philmech Director for Applied...
Remittances to local government units (LGUs) hosting energy projects reached as much as P4.155 billion this year, according to a report from the Department of Energy. The fund share of the host communities is based on the prescription of Energy Regulations (ER) 1-94 wherein they are entitled to...
