7 months Agencies divided on P10-B agri fund Manilatimes |Biz
As farmers anticipate the prompt release of assistance in transition to a new rice regime, misunderstanding hounds government agencies on the proper allocation and utilization of the P10-billion Rice Competitiveness Enhancement Fund (RCEF) of the Rice Tariffication Law. Speaking at the Rice Traders Forum’s press conference on Monday, National Economic Development Authority (NEDA) Assistant Secretary Mercedita Sombilla said a portion of the RCEF amounting to P5 billion has already been released to the Department of Agriculture (DA) in December last year. “Actually in RCEF, there has been an initial P5 billion released. The P1 billion out of that has already been covered ... more