Agricultural damage from Super Typhoon Karding hits P1 29B with main rice growers affected bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
The Bangko Sentral ng Pilipinas (BSP) is extending its prudential relief measure by relaxing the credit risk weight for loans to micro, small and medium enterprises (MSMEs) to ensure continued credit access while the economy is still recovering.
Based on BSP Memorandum No. M-2021-041, signed by BS
Agricultural damage and losses in Ifugao have reached P14.6 million (RM1.2mil) after flash floods, induced by the southwest monsoon or habagat, ravaged the province.
Loans extended by banks to micro, small and medium enterprises, used as compliance with the central bank’s reserve requirement ratio, reached P207.4 billion as of end-February, according to the Bangko Sentral ng Pilipinas.
DAMAGED. Typhoon Odette wrecks agriculture infrastructure in Western Visayas in this December photo. The Department of Agriculture Western Visayas, Regional Executive Director Remelyn Recoter on Saturday (Jan. 15, 2022) said, has submitted a PHP700 million rehab program to their central office.(Photo courtesy of DA Western Visayas Regional Agri-Fishery Information Section) ILOILO CITY - The Department of Agriculture (DA) in Western Visayas (Region 6) needs around PHP700 million to rehabilitate its sector damaged by Typhoon Odette that struck last December 17. DA Regional Executive Director for Western Visayas Remelyn Recoter on Saturday said their proposed rehabilitation plan was submitted to the DA central office on Jan. 7 and as per feedback, the region will be given PHP135 million or around 12 percent of the target. The budget she said will be sourced from the DA 2021 realigned budget, 2022 General Appropriations Act, and the Quick Response Fund. The DA is not also discounting the p