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...
On the anticipated release of the P100-billion coco levy fund, another veto is coconut farmers’ last hope after the House version of Coconut Farmers and Industry Trust Fund (Coco Levy Act) was passed on third and final reading and turned out to be “worse than the Senate version of the law”....
Cebu Pacific (CEB) has extended its flexible options for Unlimited Rebooking and Travel Fund until March 31, 2021. "It may take time before trust and confidence in air travel is restored, that is why we decided to extend our flexible booking options until the first quarter of 2021,” announced...
GCash, the digital financial services firm of Globe Telecom, Inc., will fund a massive government-led re-forestation of Ipo Watershed, which is one of Metro Manila’s sources of freshwater. A statement showed that through donations generated from GCash, the Department of Environment and Natural...
The senate proposal to use excess rice tariff collections exclusively for cash aid for farmers may be discriminatory to some farmers, a top official from the Federation of Free Farmers (FFF) said. In a statement, FFF National Manager Raul Montemayor said the proposal, which is contained in...
