The Quedan and Rural Credit Guarantee Corp. released P129.7 million in loan assistance to borrowers in Western Visayas in 2007, its records show.

A total of 2,934 borrowers availed of the loans, including the 1,204 grantees under the self-reliant team program, totaling P39.9 million.

The SRT program includes projects on hybrid corn production, income augmentation and livelihood for urban and rural poor. It also has grants for augmentation and livelihood program for farmers participating in inbred rice seeds program, and dairy production.

AirPhil to acquire
six new aircrafts

MANILA – Budget airline Air Philippines will buy six new Bombardier Dash aircraft for $120 million as part of a fleet upgrade, a report said yesterday.

The domestic carrier owned by local magnate Lucio Tan, who also controls international carrier Philippine Airlines, will purchase the 76-seater 8-Q400 aircraft from Toronto-based Bombardier Aerospace, the report said.

The acquisition during the fourth quarter of 2008 will be financed either through an operating lease, finance lease, or export credit, the newspaper said quoting unnamed airline officials.

Superferry opens
Roxas, two other ports

SuperFerry said it has re-opened its three ports that include an alternative gateway to Boracay, to accommodate the expected rise in summer travelers, a press release from the company said.

The Manila-Odiongan route opened December 17 at a rate as low as P800; Surigao port, on December 19, at P1,150; and Roxas, on December 23, at P750.

Travelers who pass through the Roxas port can feast on the seafood served fresh by sinugba establishments along near the pier before embarking on a two-hour scenic land trip to Caticlan, where they can take a ferry to Boracay, the press release said.

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