The Department of Finance (DOF) has directed the Government Service Insurance System (GSIS) and the Land Bank of the Philippines to assist the Philippine Crop Insurance Corp. (PCIC) in managing the risks and enhancement of its investment portfolio. Finance Secretary Carlos G. Dominguez III said the...
Finance Secretary Carlos G. Dominguez III instructed the Philippine Crop Insurance Corp. (PCIC) to identify and explain its sources of funds and corresponding uses to better understand its financial status and ensure that its premium subsidies paid for by taxpayers are spent well. Dominguez said...
Bayer Crop Science (BSC), a subsidiary of German multinational pharmaceutical and life sciences company Bayer AG, has released a new genetically modified corn hybrid seeds in the Philippines which can result in higher yields and income for farmers. Bayer Crop Science said that its new product,...
The Department of Finance (DOF) has asked the management of the state-run Philippine Crop Insurance Corp. (PCIC) to submit the detailed financial status and computation of its contingent liabilities. PCIC Chairman Carlos Dominguez In a statement, Finance Secretary Carlos G. Dominguez III said he...
State-run Philippine Crop Insurance Corp. (PCIC) is at risk of suffering heavy losses once major catastrophic events occur, which would eventually be shouldered by the taxpayers, an in-depth analysis by the Insurance Commission (IC) revealed. According to the IC analysis released by the Department...
A crop biotechnology center that will help enhance Philippine agriculture was inaugurated Thursday, Sept. 30 in Nueva Ecija, the Department of Agriculture (DA) disclosed on Thursday, Sept. 30. PH AGRI BOOST-- Department of Agriculture Secretary William Dar and Agricultural Attaché Ryan Bedford...
The Federation of Free Farmers (FFF) said the money that goes to Philippine Crop Insurance Corporation (PCIC) are government contributions to the premiums for crop insurance policies issued to farmers and not subsidies. 35199 FFF issued this clarification on efforts to to debunk claims that the...
Amid lack of government support, the Philippines has been slacking in corn production. The situation has gone so bad that importation has already become a necessity. CORN Roger Navarro, president of the country’s largest group of corn producers Philippine Maize Federation (PhilMaize), said in an...
State-owned Philippine Crop Insurance Corp. (PCIC) needs to be run by “industry professionals” to stop the company’s money losing business, the government’s chief economic manager said. Finance Secretary Carlos G. Dominguez III, who officially took over the chairmanship of PCIC on Friday,...
Magsasaka Partylist Rep. Argel Joseph Cabatbat on Friday, Sept. 17 decried as illegal government’s decision to transfer the Philippine Crop Insurance Corporation from the Department of Agriculture to the Department of Finance. Sugarcane farmers In a press statement, Cabatbat said various farmers...
A group of farmers expressed disappointment and fear over the decision of the Duterte Administration to transfer the Philippine Crop Insurance Corporation (PCIC) from the Department of Agriculture (DA) to the Department of Finance (DOF). In a statement, the Federation of Free Farmers (FFF) said on...
The Philippines will be represented by six Pinoy youth leaders in the global agricultural summit hosted by German multinational pharmaceutical and life sciences company Bayer. To be specific, the youth leaders will join 100 delegates from more than 44 different countries in the said event. The...
