6 months DA expects to seal P44-B loan with Israeli firm MB |Biz
By Madelaine B. Miraflor The Department of Agriculture (DA) expects to sign this week a Memorandum of Understanding (MOU) with an Israeli firm for the loan worth P44 billion, which will be used by the agency to build thousands of solar-powered irrigation systems (SPIS) units across different parts of the country. Agriculture Secretary Emmanuel Piñol Agriculture Secretary Emmanuel Piñol announced last month that Innovative Agro Industry Ltd. (IAI), an affiliate of LR Group, a leading project development company in Israel, has made the loan offer. The Israeli firm has sought for an MOU with DA to finalize the loan offer ... more