Livestock industry

Davao City - A financial program that is expected to directly benefit the commercial poultry and hog raisers in the Davao Region was recently launched.

Dubbed ''BPI Agribusiness Solutions,'' the Bank of the Philippine Islands launched the program here over the weekend.

BPI executive vice president and corporate banking group head Alfonso Salcedo Jr. graced the launching of the program, which is expected to be a big boost to strengthen poultry and hog farming in southern Philippines.

''BPI is betting heavily on agriculture this year, and is increasing its involvement in the sector by launching a loan program designed to benefit livestock and poultry raisers,'' the BPI said in a statement.

Aside from financing, integrated in the program is a technical component that will assist livestock and poultry raisers to further develop their farms.

The BPI is also expected to bring its expertise in sustainable energy finance involving the utilization of farm waste as energy source to reduce dependence of farms from fossil fuels.