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Politics

CUA TO LGUS: USE GOV’T LOANS TO DEVELOP TOURISM

Union of Local Authorities of the Philippines (ULAP) president and Quirino Governor Dax Cua urged his fellow local leaders to take advantage of a government loan program to help local government units finance tourism facilities and services. “As we push towards full tourism recovery and position ourselves as a tourism powerhouse in Asia, I urge […]

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Politics

NEW LAW PARDONING LOANS TO BENEFIT 600K FARMERS

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 […]

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Politics

PLAN TO PROTECT TEACHERS VS LOAN SHARKS LAUDED

Rizal 4th District Rep. Fidel Nograles lauded the Department of Education for its efforts to protect teachers from falling prey to loan sharks by providing them legal and financial advice. “Magandang hakbang ang planong ito ng DepEd sa pangunguna ni Vice President Sara Duterte upang maprotektahan ang ating mga guro laban sa mga loan shark […]

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Politics

RENEGOTIATE RAILWAY PROJECTS – POE

Senator Grace Poe urged the government to tap other potential investors to get the country’s railway projects back on track while ensuring a fair deal that will not financially overwhelm Filipinos. “It’s not just about the construction of railways. We need to bridge our regions that will not unduly burden our taxpayers,” Poe said in […]

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Politics

QC REOPENS FINANCIAL GRANT FOR SMALL ENTREPS

To support the growth of micro-entrepreneurs, the Quezon City Government has reopened the application process for the Pangkabuhayang QC program that provides a financial grant and livelihood training for aspiring micro-entrepreneurs. Led by the Small Business and Cooperatives Development and Promotion Office (SBCDPO), the Pangkabuhayang QC program provides ₱10,000-₱20,000 additional capital for displaced/resigned employees, micro-entrepreneurs/vendors, […]

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Politics

ANGARA: DUTERTE ADMIN LOANS SUPPORTED PH ECONOMY

The administration of President Rodrigo Duterte did a fair job in borrowing money amid the pandemic, Senator Sonny Angara said. Angara, chair of the Senate committee on finance, said he understands the need for the government to borrow money to support the economy and provide for the needs of its constituents. “It’s been a difficult […]

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Politics

FARMERS’ ACCESS TO LOANS BILL GETS HOUSE OK

With the end in view of enhancing access of agricultural communities to financial services and programs that increase productivity, the Senate ratified the bicameral conference committee report on the bill repealing Republic Act No. 10000 or the Agri-Agra Reform Credit Act of 2009. Senator Cynthia Villar, the chairperson of the Committee on Agriculture, Food, and […]

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SBCORP LOANS TO HELP JUMPSTART TOURISM INDUSTRY

Senator Sonny Angara called on the Small Business Corporation (SBCorp) and the Department of Tourism (DOT) to utilize the unspent funding from Bayanihan to Recover as One Act (Bayanihan 2) to help the stakeholders in the tourism industry prepare for the restart of activities after close to two years of hibernation. As the sponsor of […]

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Politics

MORE SUBSIDIES NOT LOAN FOR MSMES – QUIMBO

A lawmaker urged economic managers to seriously consider expanding the various subsidy programs for micro, small, and medium enterprises (MSMEs) to help them recover from the impact of the coronavirus pandemic. Marikina City Representative Stella Quimbo said programs such as the Department of Trade and Industry’s Livelihood Seeding Program – Negosyo Serbisyo Sa Barangay (LSP-NSB) […]

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Politics

GIVE TRANSPORT COOPS FUNDS TO MODERNIZE – ZUBIRI

Senate Majority Leader Migz Zubiri outlined legislative plans for the transport cooperative sector at the 1st Mindanao Transport Cooperative Congress, putting particular emphasis on cutting down red tape for loans and setting up a modernization loan fund for transport cooperatives. Zubiri, who chairs the Senate Committee on Cooperatives, was a guest speaker at the 1st […]