MANILA - The House of Representatives has approved on second reading a measure seeking to strengthen crop insurance services in the country with additional government support to raise agricultural production of farmers.
Voting through viva voce ( orally rather than in writing), lawmakers passed House Bill 6686, or the "Comprehensive Agrarian Reform Program Extension with Reforms", which sought to provide full crop insurance coverage to affected agrarian reform beneficiaries in case of natural calamities and pest infestation.
The bill, authored by Deputy Speaker Eric Singson (Ilocos Sur), and co-authored by Rep. Vilma Santos-Recto (Batangas), mandates the Philippine Crop Insurance Corp. to provide insurance to qualified farmers and fisherfolk against losses arising from natural calamities, fortuitous events, plant and fish diseases, and pest infestations.
One hundredsixteen newly-certified agrarian reform beneficiaries receivedtheir Certificates of Land Ownership Award or CLOAs from the Department of Agrarian Reform-South in La Castellana town, Negros Occidental, Wednesday.
The 116 ARBs are now the owners of the 46.7400 hectares landholding located in Brgy. Lalagsan, La Castellana, a property formerly owned by the Anita Arregui Agro Business Ventures Inc.
DAR municipal agrarian reform program officer Bethereza Zamora congratulated the ARBs and encouraged them not to stayonly as mere program recipients but to strive to become developed and empowered agrarian reform beneficiaries.
peso ends with gains
MANILA - The Philippine Stock Exchange index recovered yesterday after ending its two-day surged a day ago.
The main stocks gauge gained 0.89 percent.
Profit-taking caused the main index to lose steam a day ago but the trader said investors' risk appetite returned yesterday, boosting the PSEi anew.
The broader All Shares followed after it rose by 0.76 percent, or 39.56 points, to 5,245.25 points.