Agri-agra reforms pushed

THE CENTRAL BANK is backing proposals to amend a law setting credit quotas for the farming sector amid poor compliance, as it eyes to accommodate infrastructure financing and other alternatives in order to boost lending. Bangko Sentral ng Pilipinas (BSP) Deputy Governor Chuchi G. Fonacier said authorities are wrapping up a study towards increased compliance […] The post Agri-agra reforms pushed appeared first on BusinessWorld......»»

Category: financeSource: bworldonline bworldonlineMay 17th, 2018

Banks pay P6 B penalties for failure to meet agri-agra thresholds

Banks have paid about P6 billion in penalties over the last two years for falling short of the mandated lending thresholds for agriculture and agrarian reform, a member of the central bank’s Monetary Board said......»»

Category: financeSource:  philstarRelated NewsDec 3rd, 2018

Investments to continue despite incentives reform

CLARK, Pampanga: Investments outside economic zones will continue to come in even as tax reforms being pushed by the government call for a leaner set of perks, a Cabinet official…READ The post Investments to continue despite incentives reform appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsNov 26th, 2018

R.A. 11057 to Help MSMEs Acquire Loans

Universal and commercial banks (U/KBs) in the Philippines are expected to hike their Agri-Agra rule compliance through the Personal Property Security Act, which effectively increases the list of assets that small businesses can use as loan collaterals. “We hope that this will enable them to be able to comply with the mandatory credit allocation for […].....»»

Category: newsSource:  metrocebuRelated NewsNov 20th, 2018

No taxes on books – DoF

THE Department of Finance reiterated that books will remain exempt from the value added tax (VAT) under the second package of tax reforms being pushed by the government. Finance undersecretary Karl Chua said in a statement Tuesday that aside from the books being VAT-exempt, the importation of books will also be exempted as stated under […].....»»

Category: newsSource:  tribuneRelated NewsSep 25th, 2018

DA’s Piñol says banks’ refusal to lend holding back agriculture

AGRICULTURE Secretary Emmanuel F. Piñol said banks are to blame for refusing to comply with Republic Act 10000, or the Agri-Agra Reform Credit Act of 2009, saying that their refusal to embark on lending to farmers is holding back growth in the sector. Mr. Piñol, speaking to reporters about banks that refuse to comply with […] The post DA’s Piñol says banks’ refusal to lend holding back agriculture appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 27th, 2018

BSP backs changes to Agri-Agra law

The Bangko Sentral ng Pilipinas is backing the Agri-Agra Reform Credit Act to help ease credit access to small farmers and improve banks’ compliance rate for agrarian reform......»»

Category: financeSource:  philstarRelated NewsMay 18th, 2018

Agri-tourism to Drive Boracay Comeback

The academic think tank SEARCA has pushed for the integration of agricultural tourism into Boracay in light of ideas on land reform and 'experience economy' that must be beneficial for to.....»»

Category: newsSource:  manilanewsRelated NewsMay 17th, 2018

BMI sees investment slowdown as tax reform creates ‘uncertainty’

Investments could slow over the next few months amid uncertainties over corporate taxes, BMI Research said, noting that the second tax reform package being pushed by the government could do more harm than good for businesses. “While the proposed tax reforms may be fiscally prudent, it will likely make the Philippines less competitive versus its […] The post BMI sees investment slowdown as tax reform creates ‘uncertainty’ appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMar 13th, 2018

ASEAN-wide promotions of agri coops pushed

The Philippines on Tuesday called for increased collaboration with other member states of the Association of Southeast Asian Nations (ASEAN) in promoting agricultural cooperatives deemed important for poverty reduction in the region. Cooperative Development Authority (CDA) Chairman Orlando Ravanera made the call as the country hosts the 7th ASEAN Cooperative….....»»

Category: newsSource:  journalRelated NewsJan 18th, 2018

Espenilla: Fix barriers to MSMEs, agri-agra loans

Espenilla: Fix barriers to MSMEs, agri-agra loans.....»»

Category: newsSource:  manilatimes_netRelated NewsJul 9th, 2017

Social, economic reforms pushed amid snag in GRP-NDFP talks

Social, economic reforms pushed amid snag in GRP-NDFP talks.....»»

Category: newsSource:  davaotodayRelated NewsMay 28th, 2017

Banks still fail to comply with agri-agra loan rules

MANILA, Philippines – Philippine banks continued to fall short of the mandated threshold for agriculture and agrarian reform loans in the first nine months o.....»»

Category: financeSource:  philstarRelated NewsJan 3rd, 2017

Agri-Agra Law needs thorough review

Agri-Agra Law needs thorough review.....»»

Category: newsSource:  thestandardRelated NewsOct 31st, 2016

Banks want PPP alternative to agri-agra law compliance

MANILA, Philippines - Local banks are urging the government to consider their participation in the public private partnership (PPP) program as part of the ba.....»»

Category: financeSource:  philstarRelated NewsOct 24th, 2016

Agri-agra loans grow double-digit in H1

MANILA, Philippines – Loans extended by Philippine banks for agriculture and agrarian reform booked a double-digit growth in the first half of the year but s.....»»

Category: financeSource:  philstarRelated NewsOct 11th, 2016

Agri-agra loans of banks still low

Agri-agra loans of banks still low.....»»

Category: financeSource:  thestandardRelated NewsOct 11th, 2016

Banks push Agri-Agra Law revisions

MANILA, Philippines – Banks are pushing for amendments to an outdated law mandating financial institutions to allocate a fourth of their loan portfolio for a.....»»

Category: financeSource:  philstarRelated NewsSep 20th, 2016

Ousted PM reinstated

COLOMBO — Sri Lanka’s sacked Prime Minister Ranil Wickremesinghe was reinstated Sunday, his party said, ending a 51-day crisis that had paralyzed the island nation and pushed it towards debt default. The 69-year-old leader was sworn in by President Maithripala Sirisena, who sacked him on 26 October and triggered a power struggle that brought the […].....»»

Category: newsSource:  tribuneRelated News14 hr. 49 min. ago

Lillard scores 24, Blazers hold off NBA-best Raptors 128-122

By Anne M. Peterson, Associated Press PORTLAND, Ore. (AP) — Damian Lillard had 24 points and the Portland Trail Blazers snapped a two-game slide with a confidence-boosting 128-122 victory over the NBA-leading Toronto Raptors on Friday night (Saturday, PHL time). Zach Collins scored 16 points and Seth Curry added a season-high 13, including three key tbhree-pointers at the start of the fourth quarter. Both were part of a Portland bench that outscored Toronto's reserves 58-26. Kawhi Leonard returned after missing two games and had 28 points for the Raptors (23-8), who played without All-Star point guard Kyle Lowry. Danny Green added 19 points and 11 rebounds, matching his season high with five triples. Portland led by 16 in the fourth quarter but Leonard and C.J. Miles made consecutive three's to pull the Raptors to 117-113 with 2:44 left. Lillard hit a three-pointer for Portland before Leonard had another three and Fred VanVleet made a layup to get Toronto to 120-118. CJ McCollum and Al Farouq-Aminu answered with consecutive three's to extend Portland's lead to 126-118 with just under a minute to go. Leonard dunked on the other end, but the Raptors couldn't get any closer. Portland was in first place in the Western Conference after beating Washington on the road back on Nov. 18 (Nov. 19, PHL time) to improve to 11-5. But the team lost eight of 11 going into Friday night's (Saturday, PHL time) game to tumble into ninth in the conference. The Raptors, meanwhile, had lost just three previous games on the road this season. The victory snapped a six-game Portland losing streak to the Raptors. Lowry sat out with a left thigh bruise. VanVleet started in his place and finished with 21 points. Lowry led the Raptors with 23 points in a 113-93 win over Golden State on Wednesday (Thursday, PHL time). The victory was costly, however. Jonas Valanciunas dislocated his thumb in the game and required surgery. He will be in a cast for the next four weeks. Valanciunas was averaging 12.8 points and 7.2 rebounds a game. Portland was coming off a pair of losses on the road to Houston and Memphis. The Blazers went up 42-31 in the first half after Meyers Leonard's alley-oop dunk from Evan Turner. Portland led by as many as 13 and went into the break in front 58-50. Leonard, who was 0-for-5 from the field in the first half, had eight points to open the third quarter and his jumper got the Raptors to 59-64. But Leonard picked up his fourth foul later in the quarter and went to the bench for a while. OG Anunoby's jumper closed the Raptors to 82-80 but Collins answered with a three-pointer for the Blazers. After Portland had a 91-89 edge going into the fourth, Curry made a pair of three-pointers and the Blazers pushed the lead to 101-90. Curry hit another triple to give Portland a 107-93 advantage. TIP-INS Raptors: Former Oregon Ducks forward Chris Boucher was called up from the G-League on Thursday (Friday, PHL time). He will help fill the void created by Valanciunas' absence. ... It was the third of a four-game road trip for Toronto. Trail Blazers: It was Portland's third straight win at home. ... There was a sizable contingent of Raptors fans and several Canadian flags at the Moda Center. One group sang along loudly to the Canadian national anthem before the game. UP NEXT Raptors: Play at Denver on Sunday (Monday, PHL time). Trail Blazers: Portland has a one-game road trip to play the Clippers on Monday (Tuesday, PHL time)......»»

Category: sportsSource:  abscbnRelated NewsDec 15th, 2018

Westbrook, Murray tussle as Nuggets beat Thunder 109-98

By Dennis Georgatos, Associated Press DENVER (AP) — Nikola Jokic scored 24 points, Jamal Murray had 19 and the Denver Nuggets beat the Oklahoma City Thunder 109-98 on Friday night (Saturday, PHL time) after Murray and Russell Westbrook had a heated exchange. Westbrook and Murray pushed each other and argued after lining up next to each other for a jump ball in the final seconds. Jokic tried to get between them, and Westbrook threatened to beat up Jokic while being restrained. No blows were exchanged, but the final moments played out amid heightened tensions. Jokic also had 15 rebounds and nine assists, just shy of a third triple-double this season. Nick Young, signed as a free agent Monday (Tuesday, PHL time), scored six points in his Nuggets debut, including a key three-pointer in the fourth quarter. Paul George had 32 points to lead the Thunder, who lost their fourth in a row to the Nuggets. Steven Adams added 26 points, and Jerami Grant and Westbrook finished with 13 points apiece. Trailing by 10 points late in the third quarter, Oklahoma City got a layup and a three-pointer from George in the final minute to pull to within 82-76. With a 9-2 burst capped by another layup from George, Oklahoma City pulled within 99-96 with 3:20 remaining. The Nuggets scored 10 of the last 12 points down the stretch, four of them on a jumper and a pair of free throws by Murray. The teams were gathered for a jump ball with 35.7 seconds left when Westbrook, apparently upset over Murray's positioning around the circle, began pushing him. As Murray pushed back, teammates and officials quickly rushed in to separate the two, who exchanged words before the skirmish ended. The Nuggets took a 60-52 lead at halftime, boosted by Torrey Craig's perimeter shooting as he made three of his first four attempts from three-point range. Adams scored 17 of his points in the first half, helping to keep the Thunder within striking distance. TIP-INS Thunder: Andre Roberson remains sidelined by a left patellar tendon injury that has kept him out all season. Nuggets: F Paul Millsap missed a third game since suffering a right big toe fracture. ... G Gary Harris missed a fifth straight game because of a right hip injury. ... F Mason Plumlee fouled out with just over six minutes left to play. UP NEXT Thunder: Complete a back-to-back at home Saturday night (Sunday, PHL time) against the Los Angeles Clippers. Nuggets: Continue a four-game homestand Sunday night (Monday, PHL time) against Toronto......»»

Category: sportsSource:  abscbnRelated NewsDec 15th, 2018