Palace: Remittances, Agri production keep growing
MANILA, May 19 -- Malacañang on Thursday, May 18, announced a double digit increase in personal remittances by overseas Filipino workers (OFWs) for March as well as improved agricultural production for the first three months of the year.
In a press briefing in Malacañang, Presidential Spokesperson Ernesto Abella said personal remittances from OFWs increased by 11.8 percent to $2.9 billion in March of 2017.
“This reflects the 8.1 percent increase on the total personal remittances for the first quarter of 2017 amounting to $7.7 billion,” Abella said.
“Such increase underscores the strong demand for the skills and the competence of the great Filipino workers,” he added.
The Palace official also lauded the increase in agricultural production by 5.28 percent in the first quarter of 2017, bouncing back from its performance during the fourth quarter of last year.
“The Philippine agriculture performance increased by 5.28 percent recovering from a contraction in the fourth quarter of last year by -1.11 percent,” Abella said.
The spokesperson cited that favorable weather conditions and proper application of fertilizer, availability of water in irrigated farms and adequate amount of rainfall provided for the increase in the total agricultural output “will continue to boost increase infrastructure spending to support the agricultural sector.”
Meanwhile, Abella said the government is implementing a plan to address the floodings in three municipalities in Maguindanao.
“The DSWD Regional Office has already prepositioned the goods and has standby funds intended for this purpose," he underscored.
On 09 May 2017, heavy rainfall resulted in heavy flooding in three municipalities in Maguindanao, namely Datu Salibo, Sultan Mastura, Shariff Saydona Mustapha.###PND
President Duterte seeks robust, comprehensive, and mutually-beneficial partnership with Russia
DAVAO CITY, May 23 ─ President Rodrigo Roa Duterte on Monday, May 22 left for Russia, saying that his landmark visit will emphasize the Philippines’ independent foreign policy.
In his departure statement, the Chief Executive said the most anticipated visit highlights the independence of the Philippines’ foreign policy and the firm resolve to broaden the horizons of friendship and cooperation with other nations.
He further noted that Russia is a country that the Philippines must work with and that there are opportunities for cooperation that cannot be ignored.
“With its geogr...Read more
DOF study links infra, social investments to inclusive growth
MANILA, May 23 -- Quicker economic growth sets the stage for wider fiscal space through greater investments in infrastructure, conditional cash transfer (CCT) and micro-lending programs, which, in turn, accelerate poverty reduction and spell financial inclusion, according to a Department of Finance (DOF) study.
This study by the DOF—its first major research paper for the year and led by Finance Undersecretary Gil Beltran—noted that higher remittances by overseas Filipino workers (OFWs) also foster economic inclusion because many of these remitters’ beneficiaries in the country end up...Read more
GSIS allots P143 million in emergency loan in 2 Mindanao areas
PASAY CITY, May 23 -- The Government Service Insurance System (GSIS) is allocating P143 million in emergency loans for its active members and old-age pensioners in Jolo, Sulu and Concepcion, Misamis Occidental, which are affected by flashfloods and agricultural damages resulting from heavy rains.
The application deadline for Jolo is June 3 and for Concepcion, June 9.
A total of 5,051 active members who are working or residing in the calamity-declared areas, are not on leave of absence without pay, have no arrears in paying premium contributions, and have no unpaid loans for more than...Read more
Watch group finds school gardening tools laden with toxic lead
QUEZON CITY, May 23 -- An advocate for the prevention of childhood lead exposure alerted school authorities against the use of gardening tools that are coated with lead-containing paints.
The EcoWaste Coalition, a non-profit environmental and health group, aired the warning following the detection of high concentrations of lead, a potent neurotoxin, in eight of 20 samples of gardening tools.
The tools, which are commonly used in home, community and school gardening activities, were purchased for P20 to P65 each from general merchandise stores, hardware centers and sidewalk vendors in Mo...Read more