The country is ramping up support for the agriculture sector to boost food harvests as it battles inflation.
The Philippine Trade and Investment Center said in a statement it is working with the department of agriculture to draft a memorandum of agreement for the import plan.
The Southeast Asian country is ramping up support for the agriculture sector to boost food harvests, as it battles inflation running at its highest in almost 14 years. President Ferdinand Marcos Jr. had earlier disclosed plans to reach out not just to China, but also to Russia, Indonesia, United Arab Emirates and Malaysia in procuring fertilizer supplies at favorable prices through government deals.
Marcos on Monday met with officials of the PTIC, DA and the Department of Trade and Industry to discuss various measures that will pave the way for the entry of cheaper fertilizers that will be given to farmers for free, the Office of the Press Secretary said in a statement. Marcos will sign the memorandum this week, and has directed Finance Secretary Benjamin Diokno to extend a sovereign guarantee from state-owned Land Bank of the Philippines for a credit line worth 1 billion pesos , it said.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
P50,000 halaga ng mga donasyon, tinangay sa loob ng simbahan sa LagunaAabot sa P50,000 halaga ng mga donasyon ang tinangay sa loob ng isang simbahan sa Pagsanjan, Laguna, ayon sa ulat ni Luisito Santos sa Super Radyo dzBB ngayong Linggo.
Read more »
AMLC confirms transfer of P550,000 to bank account of Percy Lapid’s self-confessed killerThe Nation's Leading Newspaper
Read more »
Over P600,000 worth of meth seized in Olongapo CityOLONGAPO CITY — More than 614,000 worth of "shabu" (crystal meth) was seized during the weeklong operation of policemen in this city. The Olongapo City Police Office (OCPO) reported
Read more »
Philippines records 1,229 new COVID-19 cases, active tally at 17,123The Philippines monitored 1,229 new infections on Saturday, although the active tally went down to 17,123, data from the Department of Health showed.
Read more »
LOOK: Philippines’ Jenny Ramp dons carabao-inspired national costume for Miss Earth 2022Jenny Ramp of Tarlac stunned in a national costume inspired by the country's symbolic animal for Miss Earth 2022. | via philstarlife
Read more »