Thursday, September 28, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
    • Young Life
  • Special Pages
    • Pets
    • Tech
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • On the Road
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Cravings
    • Environment & Sustainability
    • Agriculture
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
    • Gallery
      • Photos
      • Videos
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
    • Young Life
  • Special Pages
    • Pets
    • Tech
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • On the Road
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Cravings
    • Environment & Sustainability
    • Agriculture
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
    • Gallery
      • Photos
      • Videos
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home LGUs Luzon

DA chief Dar leads rollout of Swine R3 credit program

June 22, 2021, 9:15 pm
in Luzon
Reading Time: 4 mins read
A A
Share on FacebookShare on TwitterShare on Email

ILAGAN CITY, Isabela—The Department of Agriculture-Agricultural Credit Policy Council (DA-ACPC) in partnership with the Development Bank of the Philippines (DBP) recently launched the Swine Repopulation, Rehabilitation and Recovery (Swine R-3) program in the province of Isabela.

“Thank you so much Governor Rodito Albano for opening Isabela as the pilot province under the Swine Repopulation, Rehabilitation and Recovery and I believe that with your support this undertaking will be a successful one,” Agriculture Secretary William Dar said.

Dar said that under the program, DBP shall serve as the sole Partner Lending Conduct (PLC) of the DA-ACPC with an initial fund allocation of P500 million.

Agriculture Secretary William Dar

“As the PLC, DBP will identity qualified borrowers, evaluate and approve loan applications, release loan proceeds and collect loan repayments,” he said. 

The DBP will finance bio-secured grow-out projects of small business enterprises, including start-up commercial hog raisers, with loanable amount of P5 million up to P15 million with zero interest, payable up to eight years with a grace period of up to two years.

Dar also cited that the first trials with an African Swine Fever (ASF) vaccine are being conducted in 10 commercial swine companies in the country. 

“While the country is elevating everything towards bio-security, the most important intervention to enhance recovery of the hog industry is the vaccination against ASF,” he said.

“The cases of ASF in the country are now declining. To date, there are only 19 barangays with active cases and 70% decrease in reported cases in the whole country,” the secretary added. 

Dar is optimistic the hog industry can bounce back due to the whole-of-nation approach being employed by his department, brought about by the President’s recent declaration of a state of calamity in the entire country.

“We have enough money to rehabilitate the hog industry through DBP, ACPC and Land Bank loans for the public and private sectors to avail,” Dar said.

“In tandem with the Department of Agriculture, we are now testing a vaccine against ASF, and hopefully good results will be seen in 70 days,” he added.

He assured that through the implementation of the Bantay ASF sa Barangay (BABayASF), Repopulation and Recovery Plan for the swine industry and other related programs, the swine industry can bounce back strongly.

Governor Albano III expressed gratitude to Secretary Dar for visiting Isabela as the province looks for clear solutions to present problems in agriculture.

“The hog raisers of Isabela are happy to welcome you Mr. Secretary and hopeful that along with the DBP we know that you have brought solutions to their bad experiences on African swine fever,” Albano said. 

The DBP’s newest loan facility, the Swine R3 Credit Program, is a much needed boost towards repopulation, rehabilitation, and recovery of the local swine industry, to ensure the continuous supply and availability of swine and pork products and to stabilize pork prices in the country.

DBP President and CEO Emmanuel Herbosa said that with this new program, the bank offers the solution of a tangible funding support so the hog industry can increase its production level.

“Under the Swine R3 Credit Program, DBP will provide funding assistance to eligible public and private institutions to establish bio-secured swine farm products. With concerted efforts, we will be able to grow the local swine industry so that we can better meet consumer demand and we can achieve more stable pork prices in the Philippine market,” Herbosa said. 

“DBP will support DA’s efforts of rehabilitating the hog industry. We will continue to work closely with the department and looking forward for more collaborations in the future,” he said.

Herbosa shared the good news that to complement the Swine R3 Credit Program, the DBP minted a new partnership with Charoen Pokphand Foods (CPF) Philippines, represented by Mr. Nattakorn Sujipittham. 

“We are collaborating with CPF to ensure the viability of implementing bio-security measures to further assist eligible swine investor-partners,” he said.

“For the commercial hog raisers, our potential swine project investors and our hardworking Municipal Mayors, the Swine R3 Credit Program can assist both the public and private sectors. For the public sector, DBP can provide the financing for the establishment of consolidated swine facilities so that the LGUs can consolidate the backyard hog raisers in their municipalities and provinces,” Herbosa said.

“All our credit programs are geared towards the upliftment of the economic lives of our farmers and fishers, he added.

Herbosa then joined the audience to avail the bank’s credit programs and share the good news to everyone. 

To be eligible for the Swine R-3 program, borrowers must be duly registered with any government-registering institutions, must have approved swine grow-out contract with DBP-accredited integrator, must have no adverse findings, and must exhibit profitable operations and sound financial condition. 

Also present during the launching were city and municipal mayors of Isabela, Congressman Allan Ty, AVP Nattakorn Sujipittham of Careon Pokphand Foods, DA Undersecretary William Medrano, DA Assistant Secretary Noel Reyes, ACPC Executive Director Jocelyn Alma Badiola, Regional Executive Director Narciso A. Edillo, Regional Technical Director Roberto C. Busania and other officials and staff of national agencies, local government units and the private sector.

Tags: Agriculture Secretary William DarDBPDepartment of Agriculture-Agricultural Credit Policy CouncilDevelopment Bank of the PhilippinesIsabelaRehabilitation and RecoverySwine R-3Swine Repopulation
ADVERTISEMENT

Related Posts

LTO orders owner of Honda car in viral video to produce road-raging driver

byRio N. Araja
September 26, 2023, 11:10 pm
0
8
‘LTO failed to enforce Motorbike Crime Act’

THE Land Transportation Office has issued a show-cause order (SCO) against the registered owner of a vehicle whose driver figured...

Read more

Solons hand out masks, ask for N95, other supplies vs. Batangas vog

byMaricel Cruz
September 25, 2023, 11:10 pm
0
8
Pharmacy jabs

Lawmakers continued to distribute face masks and other supplies to residents of Batangas affected by the volcanic smog or vog...

Read more

Malolos mayor ensures safety of 30k Bulacan State U students

byOrlan L. Mauricio
September 25, 2023, 11:05 pm
0
8
Southwoods nails Seniors’ Fil golf crown

MALOLOS CITY –The safety and well-being of some 30,000 students of the Bulacan State University is a top priority concern...

Read more

Puerto Princesa mayor urges parents to get kids vaxxed vs. cervical cancer

byManila Standard
September 25, 2023, 5:33 pm
0
8
Puerto Princesa mayor urges parents to get kids vaxxed vs. cervical cancer

The City of Puerto Princesa through the leadership of Mayor Lucilo R. Bayron is committed to increase human papillomavirus (HPV)...

Read more

Batangas barangays get solar streetlights for safety and sustainability

byManila Standard
September 23, 2023, 8:30 pm
0
8
Angeles products go to Japan

Two barangays in the province of Batangas were the beneficiaries of a donation of solar streetlights to assist in the...

Read more

First Zambales hybrid workspace opens

byButch Gunio
September 23, 2023, 8:20 pm
0
8
Angeles products go to Japan

Subic Bay Freeport–The first-ever hybrid workspace in Zambales opened at the Pacific Ace Building in this premiere freeport. SBMA Chairman...

Read more

Print Edition

View More

Recent Posts

  • PSA deploys ‘PhilSys on Wheels’ to remote areas
  • PPP Code nears enactment
  • Finastra, Tonik renew digital banking tie-up in the Philippines
  • DBM welcomes speedy House approval of 2024 budget
  • Trump’s business empire threatened by judge’s ruling
  • Talk shows coming back after Hollywood writers’ strike ends
  • Deloitte acquires Philippines-based financial advisory firm Primeiro
  • Meta putting AI in smart glasses, assistants and more

Advertisement

Latest News

Talk shows coming back after Hollywood writers’ strike ends

byAFP
September 28, 2023, 10:00 am
0
8
Striking actors join picket lines as Hollywood shuts down

Late-night talk shows, a mainstay of the US TV schedule, will be back on the air within a week, hosts...

Read more

Deloitte acquires Philippines-based financial advisory firm Primeiro

byManila Standard Business
September 28, 2023, 9:59 am
0
8
Deloitte acquires Philippines-based financial advisory firm Primeiro

Global professional services group Deloitte acquired Philippines-based financial advisory firm Primeiro Partners (Primeiro) to establish and stamp its leadership in...

Read more

Meta putting AI in smart glasses, assistants and more

byAFP
September 28, 2023, 9:00 am
0
8
Meta putting AI in smart glasses, assistants and more

Meta chief Mark Zuckerberg on Wednesday said the tech giant is putting artificial intelligence into digital assistants and smart glasses...

Read more

NKorea makes nuclear weapons status part of constitution

byAFP
September 28, 2023, 8:00 am
0
8
NKorea makes nuclear weapons status part of constitution

North Korea's rubber-stamp legislature has enshrined the country's status as a nuclear weapons power in the constitution, state media reported...

Read more

‘PH shuns war, but will fight for territory’

byMacon Ramos-Aranetaand2 others
September 28, 2023, 12:50 am
0
8
Marcos signs ‘Trabaho’ Act into law to craft job generation masterplan

“We do not want war, but it’s our territory that they want to get.” With these words, Defense Secretary Gilbert...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
    • Young Life
  • Pets
  • Tech
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Cravings
  • Environment & Sustainability
  • Agriculture
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Gallery
    • Photos
    • Videos
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App