The Department of Finance (DOF) reported on Monday, June 13, that two government-owned banks have facilitated the distribution of over P8.2 billion in cash aid to qualified small palay farmers as part of the Rice Farmers Financial Assistance Program (RFFA). Citing data from the Department of...
In the Philippines, there’s been a pronounced disinterest in agriculture as a career in the past several years. Between 2008 and 2018, the share of agricultural workers in the local workforce dropped from 35% to 26%, meaning there are fewer farmers today compared to the previous decade. In...
Senatorial candidate Gilbert “Gibo” Teodoro on Monday said the government should ease the requirements and processes for micro, small and medium enterprises (MSMEs) that seek loans in state-owned banks such as the Land Bank of the Philippines (LandBank) and the Development Bank of the...
Muntinlupa Mayor Jaime Fresnedi refuted claims by his detractors that the city government already used a P1.2 billion standby loan from Landbank of the Philippines. In March 2021, the Muntinlupa City Council passed an ordinance authorizing Fresnedi to enter into a loan agreement with Landbank in...
Left: Farmers receive free farm inputs through the assistance of the Progressive Women Agrarian Reform Cooperative (PWARC) and the Department of Agrarian Reform (DAR). Right: PWARC was officially established in 1999, with the co-op’s headquarters located in the Municipality of Dumarao, Capiz....
The Muntinlupa City government has clarified that it did not avail of any loan from Landbank of the Philippines. Landbank issued a certification stating that the Muntinlupa City government has no loan from the bank. Muntinlupa Mayor Jaime Fresnedi (Muntinlupa PIO) “This is to certify that per...
The House of Representatives ratified House Bill (HB) 10689, a bill aimed toward combating "phishing," online fraud, and other forms of cybercrime following the recent spate of alleged phishing and hacking incidents involving Banco De Oro (BDO) and Land Bank of the Philippines (LBP) . PIXABAY STOCK...
Two bills proposing to further strengthen the country’s banking system have passed final reading approval in the House of Representatives. Speaker Lord Allan Velasco3 Speaker Lord Allan Velasco lauded his Lower House colleagues for approving on third and final reading the bills regulating...
The Department of Education (DepEd) on Monday, Jan. 24, urged its personnel to immediately report any issues related to their payroll accounts to their respective schools division offices. (Photo from Unsplash) DepEd issued a statement following a report citing that some teachers were having issues...
The Department of Education (DepEd) on Monday, Jan. 24, said that it is taking steps to validate the report on the alleged hacking of some bank accounts of public school teachers. (Photo from Unsplash) This, after the Teachers’ Dignity Coalition (TDC), said that it has been receiving reports from...
The Government Service Insurance System (GSIS) and Social Security System (SSS) topped the list of state-run firms in terms of income for 2020 but both also registered the largest amount of expenditures during the year that the 2019 coronavirus disease (COVID-19) pandemic hit the country, the...
The Land Bank of the Philippines (LANDBANK) has opened its first Agri-Hub in Central Luzon located in Rizal, Nueva Ecija as part of efforts to be more accessible to farmers and fishermen. In the next few weeks, the state-run bank is still targeting to open four more Agri-Hubs – located in Bago...
