Daily Star logoBusiness
Bacolod City, PhilippinesSaturday, January 19, 2008
Front Page
Negros Oriental
Star Business
Opinion
Sports
Police Beat
Star Life
People & Events
Japan okays P5.97B
loan for CARP
 

MANILA – Japan has approved a P5.97 billion (11.80 billion yen) for the Philippines to support the building and repair of "basic infrastructure" for farm workers who received land through the country's 19-year-old agrarian reform program, the department said yesterday.

It is part of the 19.4 billion yen in loans granted by the Japan Bank for International Cooperation to the Philippines to support land reform and bring relief to communities threatened by volcanic mud.

A 7.6 billion yen loan would be used for flood control works in seven towns and cities around Pinatubo volcano in Luzon , the economic planning department said.

Volcanic material from a major Pinatubo eruption in 1991 silted major river systems in the area, unleashing mudflows that have buried entire communities.

Loan terms were not disclosed.*AFP

 

 

 

back to top

Google
 
Web www.visayandailystar.com
Business
USLS, CIDA establish partnership for trainings
Prices of ‘B' sugar decline but still above P1,000/Lkg
Japan okays P5.97B loan for CARP