Articles worth reading
President Rodrigo Duterte

Duterte to have televised public address Thursday night

account_balanceMetro Manila access_time4 days ago

President Rodrigo Duterte is scheduled to deliver a televised public address on Thursday night, according to a report by Philippine News Agency. “Mamaya po, magkakaroon ng talk to the people ang Pangulo (The President will have ...

6,911 Las Pinas residents get Sinovac vaccines

account_balanceLas Piñas access_time4 days ago

A total of 6,911 individuals received the China-made Sinovac vaccine since the start of the Las Piñas City government’s vaccination rollout last March with the theme of “Ligtas na Las Piñero, Lahat Bakunado", according ...

Photo courtesy of: Barangay San Isidro

3 Antipolo barangays deliver aid to houses

account_balanceMetro Manila access_time4 days ago

Three villages in Antipolo City conducted a house-to-house distribution of the enhanced community quarantine financial aid, according to a report by Manila Bulletin. The three barangays are Dalig, Mayamot, and San Isidro. Dr. Jun Ynares, III, spoke...

Metro News

DTI Secretary Ramon Lopez

DTI supports local cooperatives

account_balanceMetro News account_circleGab Ocampo chat_bubble_outline0 Comments

Department of Trade and Industry (DTI) Secretary Ramon Lopez has reiterated the agency’s support to local cooperatives as it helps the agriculture sector and micro, small and medium enterprises (MSMEs) survive amid the coronavirus disease 2019 (Covid-19), according to a report by Philippine News Agency.
 
At the launch of the Agricultural Cooperative Development Agenda (ACDA) Wednesday, Lopez underscored the role of cooperatives in bringing inclusive growth at the grassroots level and their crucial part in helping the government in dealing with economic challenges brought by the pandemic.
 
“We reiterate our commitment to fully support our cooperatives who have been integral to the government’s efforts to deal with the economic and health challenges of the Covid-19 pandemic,” he said.
 
Lopez said the DTI has several initiatives that can help cooperatives in providing support for MSMEs in the agriculture sector, such as the Covid-19 Assistance to Restart Enterprises (CARES) program, Livelihood Seeding Program–Negosyo Serbisyo sa Barangay (LSP-NSB) program, and shared services facilities (SSFs) program, among others.
 
Under the CARES program, DTI’s financing arm Small Business (SB) Corp. can lend zero-interest loans to cooperatives to help them continue their businesses amid the pandemic.
 
The DTI chief said that as of February 19, SB Corp. has released some PHP2.21 billion loans under the CARES program.
 
The LSP-NSB program also provides business advisory assistance and services to MSMEs that were affected by natural and human-induced calamities.
 
DTI’s SSF program, on the other hand, provides MSMEs with machinery, equipment, tools, and systems, among others, under a shared system to improve their competitiveness. 
 
DTI provides these facilities through cooperatives.
 
Moreover, Lopez said that as part of the whole-of-government approach in developing the country’s agriculture sector, the Board of Investments (BOI) listed agribusiness under the 2020 Investment Priorities Plan.
 
The BOI offers incentives to attract more agribusiness projects in the country.
 
“Thus, even as we thank our cooperatives for being our strong partner in fostering inclusive growth, we call on them to maximize the available opportunities to further their development. We hope that you will continually work with us in the modernization of the agriculture sector, especially through agribusiness, so that all our countrymen can achieve a more comfortable and higher quality of life as promised by the President,” Lopez said.


date_rangeDate Published
1 month ago
shareShare article
folder_openArticle tags
content_copyCategorized under

Share your thoughts with us

Related Articles

SSS asks members in MECQ areas to use online services

account_balanceMetro Manila chrome_reader_mode4 days ago

In line with the declaration of the Modified Enhanced Community Quarantine (MECQ) in the National Capital Region, Laguna, Cavite, Rizal, Bulacan, the City of Santiago in Isabela, Quirino, and Abra from April 12 to 30, 2021, all offices and branches o...

Gov't notes modest decrease in Covid-19 infections

account_balanceMetro Manila chrome_reader_mode8 hours ago

The government noted the modest decrease in Covid-19 infections in some parts of Metro Manila amid the government’s efforts to slowdown the spread of Covid-19 in the country, according to a report by Philippine News Agency. “Sa wakas, mu...

Taguig plans to hold vaccination in malls

account_balanceTaguig chrome_reader_mode1 day ago

More vaccination hubs will be put up in various malls in Taguig after the city government forged partnership agreements with four companies, according to a report by Philippine News Agency. Mayor Lino Cayetano on Sunday said the city government...

The struggles in 2020 of the casino industry in the Philippines

account_balanceMetro Manila chrome_reader_mode7 months ago

Do you want to learn more about the challenges and predictions for the gambling industry in the Philippines? Find all answers in this article!

Let's Stay Connected Like us on our Facebook page.
×
Click on the article to continue reading
Quezon City adopts no contact apprehension system Red Cross pushes saliva test Vaccines from COVAX to arrive in Q1 Makati Shangri-La to close doors on Feb. 1 Cities in NCR to start vaccination simultaneously Mother, girlfriend of Filipino infected with UK variant also test positive Send Press Release MNC Facebook Page MNC Twitter Page MNC Instagram Page LGU Spotlight Barangay Front Business Sports Entertainment Metro Gen Metro Feature