IKOT.PH
Senator Cynthia Villar welcomed President Ferdinand Marcos Jr. signing into law of a bill condoning loans of farmers and agrarian reform beneficiaries (ARBs). The President signed Republic Act No.11953 or the New Agrarian Emancipation Act, which condones all principal and interests of loans of 610,054 ARBs arising from the award of agricultural lands under the […]
Senator Cynthia Villar expressed confidence that President Ferdinand Marcos Jr. will prioritize the signing into law of a bill condoning loans of farmers and agrarian reform beneficiaries (ARBs). Villar, chairperson of the Committee on Agriculture, Food, and Agrarian Reform, said Senate Bill 1850 or the New Agrarian Emancipation Act will benefit 610,054 ARBs who were […]
Senator Lito Lapid has filed a measure urging the Senate to condone the present outstanding loans of agrarian reform beneficiaries, saying it will ensure the recovery of farmers and aid in overcoming the fallout of COVID-19 crisis, slow economic growth and escalating wars. Lapid said that the proposed measure will write off the beneficiaries’ current […]
To ensure the financial viability and continuous operation of local water districts (LWD) around the country, Senator Sonny Angara is pushing for the grant of a one-time condonation of the interest arrearages and penalties on the loans they incurred with the Local Water Utilities Administration (LWUA). Over the years, several LWDs have accumulated debts, which […]
Senator Dick Gordon pointed out that giving the Social Security Commission (SSC) the power to condone delinquent contributions is a very significant provision of Republic Act (RA) 11199 or the Social Security Act of 2019. Gordon, chairman of the Senate Committee on Government Corporations and Public Enterprises, explained that with the Social Security System (SSS)able […]