$627-M Rural Dev’t Program Proposed

The Department of Agriculture is proposing a six-year, $627-million Philippines Rural Development Program (PRDP) that will initially cover six regions (4A, 4B, 5, 6,7 and 8) in Luzon and Visayas, and those under the current Mindanao Rural Development Program Phase 2 (MRDP2), The PRDP will be bankrolled by a $500-million loan from the World Bank, which also funded the MRDP2, a $120-M counterpart from the Philippine government and beneficiary local government units, and a $7-M grant from the Global Environment Facility (GEF).

P.S.H.S. Builds Campus In Clark

Clark Development Corporation (CDC) and the Philippine Science High School (PSHS) have signed a Memorandum of Agreement (MOA) for the establishment of a PSHS Central Luzon campus here.

The agreement was signed by CDC Chair and Officer-in-Charge Eduardo Oban, Jr., CDC Executive Vice-President Philip Jose Panlilio, Department of Science and Technology (DOST) Secretary Mario Montejo, and PSHS System Executive Director Josette Biyo signed the MOA for the construction the school's new permanent site along a 30,000-square meter area in Lily Hill Avenue here. (BCM)

Borrowings In 2013 At P758B

The government plans to borrow P757.8 billion ($18.1 billion) in 2013, of which 25% will be sourced from overseas, Finance Secretary Cesar Purisima said. The government's goal in the medium term, however, is to further reduce its proportion of foreign borrowing to 20%.

Mr. Purisima said the goal to increase domestic funding is aligned with the government's strategy to lower foreign risks and lengthen debt maturities.

Toyota Motor Recalls 780,000 Autos

CHICAGO (AFP) - Toyota said Wednesday it will recall nearly 780,000 vehicles in the United States to fix a defect that could allow rust to form in the suspension to the point where parts break off. Wednesday's recall affects 760,000 Toyota RAV4 sport utility vehicles from model years 2006 to 2011 and 18,000 Lexus HS 250h vehicles from the 2010 model year.

Toyota said it has not yet devised a remedy, but will contact owners and offer repairs free of charge as soon as it has.

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  • Philippines backs support for small enterprises at APEC meet

    MANILA, Philippines (AP) — The Philippines' top trade official on Saturday called for support for the integration of micro, small and medium enterprises in global trade, which he said would help reduce poverty and inequality in the Asia-Pacific region. …

  • US renews travel warning to Mindanao
    US renews travel warning to Mindanao

    The US State Department renewed its warning about the risks of travel to the Philippines, in particular to the Sulu archipelago, certain regions and cities of Mindanao and the southern Sulu Sea area. In an update on Wednesday of a travel warning it issued Nov. 20, 2014, the State Department said US citizens should continue to defer non-essential travel to the Sulu archipelago due to the high threat of kidnapping of international travelers and violence linked to insurgency and terrorism there. …

  • Phl gains support for APEC Action Agenda
    Phl gains support for APEC Action Agenda

    The Philippine initiative to put the interests of micro, small and medium enterprises (MSMEs) front and center in global and regional trade has made significant progress following the conclusion on Thursday of the 2nd APEC Senior Officials’ Meeting (SOM2) and Related Meetings in Boracay, Aklan. Called “The Boracay Action Agenda to Globalize MSMEs,” the Philippine proposal calls for a host of specific, concrete and practical interventions that APEC economies can implement to provide MSMEs wider …

  • Phl to join Bangkok meet on Rohingya crisis next week
    Phl to join Bangkok meet on Rohingya crisis next week

    The Philippines will join a 15-nation meeting in Bangkok, Thailand next week to address the migration crisis involving thousands of Rohingyas who escaped persecution in Myanmar and Bangladesh. Justice Secretary Leila de Lima bared this yesterday after meeting with United Nations High Commission for Refugees (UNHCR) representative to the Philippines Bernard Kerblat. In an interview, De Lima said the Philippine government has been invited to the meeting. …

  • Magnitude 4.2 quake jolts Sorsogon
    Magnitude 4.2 quake jolts Sorsogon

    LEGAZPI CITY—A magnitude 4.2 earthquake hit Prieto Diaz town in Sorsogon before dawn yesterday, the Philippine Institute of Volcanology and Seismology (Phivolcs) said. …

  • Drought-resistant rice breeds bared
    Drought-resistant rice breeds bared

    SCIENCE CITY OF MUÑOZ, Nueva Ecija – Amid the searing heat, the Philippine Rice Research Institute central experiment station here has identified nine rice breeds which have been proven to be drought-resistant and produce high yields in temperatures as high as 38°C based on a recent study. Thelma Padolina, lead researcher of the study titled “Screening of rice-induced mutants for heat and drought tolerance,” identified the breeding lines as the Ballatinaw lines, PSB Rc72H and Azucena lines. …

  • Phl, US assert rights, ignore China warning
    Phl, US assert rights, ignore China warning

    The United States military will continue air and sea patrols in international waters even after the Chinese navy repeatedly warned a US surveillance plane to leave the airspace over artificial islands China is creating in the disputed South China Sea. The Philippine government also declared it would continue activities in the region, calling on China to respect freedom of navigation and aviation. “Our position on the importance of letting freedom of navigation, freedom of aviation and …

  • MM shutdown eyed for quake drill; 6 schools warned
    MM shutdown eyed for quake drill; 6 schools warned

    Electricity and mobile phone services would be cut throughout Metro Manila, and all private and government offices and businesses, including shopping malls, would be closed. That would be the situation on July 16 between 3 and 8 p.m. to simulate the scenario of a 7.2 magnitude earthquake. The Philippine Institute of Volcanology and Seismology (Phivolcs) has warned that an earthquake of that magnitude could occur and kill at least 33,500 people and injure at least 113,600 others following a …

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