The Land Bank of the Philippines has granted a P15-million loan to the Negros Island Sustainable Agriculture and Rural Development Foundation for the importation of 1,200 heads of 250-kilo weaners from Northern Territories, Australia.

LandBank announced that the amount represents 53 percent of the landed cost of cattle. NISARD Foundation will shoulder the counterpart marginal deposit of P13.35 million.

NISARD Foundation was formed by the two Negros provinces through a grant of P10 million each to promote growth of secondary industries, including livestock and organize farming, which are ancillary to the sugar industry.

BEFORE RECESS ON OCT. 14
Zubiri urges Senate
to pass biofuels bill

Bukidnon Rep. Juan Miguel Zubiri is pushing for the passage of biofuels bill in the Senate before the Congress takes a break on October 14.

Zubiri, who authored the House version of the bill, said in a press statement he hopes that the senators will finally agree on their version soon so it can be reconciled with the congressmen's version in the bicameral conference.

The plenary debate has reportedly been delayed by differences among senators on the tax breaks to be granted to biofuel producers.

DOT to join travel
mart in Shanghai

The Department of Tourism will participate in the China International Travel Mart on November 16 to 19 at the Shanghai New International Expo Centre.

CITM, organized by the China National Tourism Administration, is one of the most anticipated travel trade in China held interchangeably between the cities of Shanghai and Kunming. In 2005, the event was held in Kunming and attracted more than 3,100 exhibitors, 1,125 of whom from overseas.

Tourism Undersecretary Eduardo Jarque Jr. said in a memorandum to DOT-accredited members that prior to the CITM, the DOT will hold the Philippine Travel Exchange on November 15 them provide the opportunity to meet and interact with the Chinese travel trade sector.

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