$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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  • Developers prepare for new rules and regulations
    Developers prepare for new rules and regulations

    Known as the "Subdivision and Condominium Buyers' Protective Decree," Presidential Decree No. 957 issued two sets of revised implementing rules and regulations (IRRs) earlier in 2015. A bill initiated by former President Ferdinand Marcos in 1976, the decree and its most recent amendments were designed to "protect buyers from fraudulent and unscrupulous subdivision and condominium sellers, operators and developers," according to the explanatory note that accompanied the bill in its senate …

  • Tsunami warning after Papua New Guinea hit by 7.5 quake
    Tsunami warning after Papua New Guinea hit by 7.5 quake

    A 7.5-magnitude earthquake struck off the coast of Papua New Guinea on Monday, US seismologists said, with "hazardous" tsunami waves possible in areas near the epicentre although no major damage was immediately reported. The quake hit at a depth of 33 kilometres (20 miles), some 55 kilometres from the nearest city of Kokopo on New Britain island and 787 kilometres from the capital Port Moresby, the United States Geological Survey said. "Based on all available data... hazardous tsunami waves …

  • ‘Get SAF 44 killers before BBL passage’
    ‘Get SAF 44 killers before BBL passage’

    Lawmakers are demanding the arrest of the Moro Islamic Liberation Front (MILF) fighters involved in the killing of 44 policemen in Mamasapano before the approval of the proposed Bangsamoro Basic Law (BBL) in Congress. Cagayan de Oro Rep. Rufus Rodriguez, chairman of the 75-member ad hoc committee in the House of Representatives deliberating on the BBL, prodded the Department of Justice (DOJ) to speed up its investigation and file charges against the MILF guerrillas as the Aquino administration …

  • Pinoys dance for Earth Hour
    Pinoys dance for Earth Hour

    The Philippines once again displayed its support Saturday night for the worldwide observance of Earth Hour by hosting a dance party after turning the lights off from 8:30 to 9:30 p.m. to save energy and make a statement on various environmental issues. The World Wide Fund for Nature (WWF) said widespread participation proved anew that no individual action on climate change is too small and that no collective vision is too big with celebrations in over 7,000 hubs in 170 countries. The WWF said …

  • Phl offers Sabah to win Malaysia’s support for UN case vs China
    Phl offers Sabah to win Malaysia’s support for UN case vs China

    The Philippines has offered to downgrade its claim on Sabah in exchange for Malaysia’s support for its case against China before the United Nations. The quid pro quo was contained in a note verbale the Department of Foreign Affairs (DFA) handed to a representative of the Malaysian embassy last week, a week after the visit of Malaysian Defense Minister Dato  Seri Hishammuddin Tun Hussein. The note verbale, a copy of which was obtained by VERA Files, referred to the May 6, 2009 joint submission …

  • Maysak to enter Phl Wednesday
    Maysak to enter Phl Wednesday

    A typhoon with international name Maysak is expected to enter the Philippine area of responsibility (PAR) on Wednesday and bring rains over Northern Luzon by weekend, the state weather bureau said yesterday. Aldczar Aurelio, weather forecaster of the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA), said the typhoon was 2,810 kilometers east of Mindanao as of 10 a.m. yesterday. “This typhoon is still too far to affect any part of the country,” the weather …

  • Nonviolent disciplining of kids pushed

    Child rights advocates called on senators to pass and strongly endorse a law that will institutionalize positive and nonviolent methods of disciplining children.The Child Rights Network (CRN), Plan International Philippines (PIP), Philippine Legislators’ Committee on Population and Development (PLPCD), and Lihok Pilipinas Foundation led the call for the enactment of the Positive Discipline Bill.Several Quezon City Council members led by Majority Floor Leader Jesus Manuel Suntay, Victor Ferrer …

  • Method to their madness

    [caption id="attachment_256768" align="alignright" width="212"] Illustration by Rod Cañalita[/caption] EMMANUEL PORTUGAL Country Manager for the Philippines, VMware I look after the garden. I’d like to think that I have a green thumb—no plants have died so far! The ones I like now that I planted a few months ago is the Blue Iris. Like the town in the movie, my Blue Iris shows up in the morning and only appears for one day. …

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