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Government

NEA GRANTS P1.8B LOANS TO ECs; HITS FULL-YEAR TARGET AHEAD OF SCHEDULE

State-run National Electrification Administration (NEA) has achieved its full-year loan availment target of P1.7 billion by the electric cooperatives (ECs) three months ahead of schedule. Latest data from the NEA Accounts Management and Guarantee Department (AMGD) show P1.8 billion worth of loans, including calamity loans, has been extended to 57 ECs as of end-September. The […]

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Government

NEA COMMITTED TO DRAFTING OF IRR FOR EC EMERGENCY FUND LAW – MASONGSONG

The National Electrification Administration (NEA) has committed to fast-track the drafting of the implementing rules and regulations (IRR) for the recently passed electric cooperatives (EC) emergency fund law. Republic Act 11039, also known as the “Electric Cooperatives Emergency and Resiliency Fund Act,” was approved by President Rodrigo Duterte on June 29. The law provides the […]

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Politics

PROVIDE INSURANCE COVERAGE FOR TYPHOON-DAMAGED CROPS – VILLAR

With the typhoon season again upon us, Senator Cynthia Villar has asked insurance companies to help smallholder farmers recover fast from the damage brought by typhoons and other calamities to crops and livestock by giving insurance coverage to the agricultural sector. “We want our farmer to get back within one week to the field to […]