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Home  >>   Daily News  >>Philippines>>Economy>>Duterte pledges P1B in loans for disaster-hit farmers, fisherfolk —DA
NEWS UPDATES Asean Affairs     February 1,  2017  






Duterte pledges P1B in loans for disaster-hit farmers, fisherfolk —DA

Agriculture Secretary Manny Piñol on Monday announced that President Rodrigo Duterte pledged P1 billion to fund a loan program for farmers and fishermen affected by natural disasters.

In a Facebook post, Piñol said Duterte made the announcement during the National Anti-Poverty Commission (NAPC) en banc meeting in Malacañang.

Pinol  was referring to the Survival and Recovery Loan (SURE Loan) Program.

"During the discussions, Pres. Duterte asked me to make an update on the DA's anti-poverty program along with food production projects. Towards the end of my report, I mentioned the SURE Loan Program which I asked the Agriculture Credit Policy Council (ACPC) to design following a visit I made to the flood stricken provinces in Mindanao," Piñol said in a Facebook post.
"The SURE Loan Program provides two packages - the Survival Package of P15,000 for food and subsistence and the Recovery Package of P20,000 for the farmer and fisherman to use to buy fertilizers and farm inputs to be able to recover," he added.

Pinol said that the loan would be interest- and collateral-free, which will also be payable in three years.--GMA News


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ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


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