Saturday, August 19, 2017

Aug 06 17, 1:38 pm

DFA to set up mobile centers for faster passport processing service

The Department of Foreign Affairs (DFA) announced that more mobile processing centers will be set up to ease passport application process for Filipinos. DFA Secretary Alan Peter Cayetano admitted there are challenges in cutting the much-criticized long queues for...

PH eyed as rising cruise ship destination

With over 7,000 beautiful islands, it’s no wonder that the country attracts tourists to experience the Philippines. With the improving China-Philippines relations, China is looking into the Philippines as a target cruise destination for Chinese tourists. Aboard cruise...

Senate panel approves DFA’s nearly P20-B budget for 2018

The Department of Foreign Affairs (DFA) became the first government agency to have its budget approved by the Senate Committee on Finance and this is expected to help boost funding to ensure overseas Filipino workers (OFWs)’ welfare. Senator Loren Legarda, chair of...

19,000 kilos of chicken seized in CDO amid bird flu outbreak

A shipment containing 21 tons or 19,000 kilograms of dressed chicken from Luzon was seized in Mindanao due to the existing ban on exporting poultry products outside the 7-kilometer controlled area. Criminal charges will be filed against the importer of the shipment...

OFWs in Dubai urged to invest Dh1,459 in farming

by | TOP STORIES

More overseas Filipino workers (OFWs) could soon invest in the agriculture sector while helping poor Filipino farmers make money for a living.

Department of Agriculture and Fisheries Secretary Manny Piñol said the agency eyes OFWs financiers for poor rice farmers who need capitalization for rice production.

“This could be a rich source of agricultural investments to finance rice and corn farmers initially and maybe later, other agricultural activities as well,” Piñol said. “What I have in mind is to identify and accredit farmers associations and cooperatives in every province and ask the OFWs where they would like to invest their money in.”

Under the program, OFWs may invest P20,000 (Dh1,459) per hectare, which could generate P2,400 (Dh175) income annually.  

Piñol said “there is very little risk on the investments of the OFWs” because farmers who will participate in the program will be covered by crop insurance of the Philippine Crop Insurance Corp.

The initiative builds on the success of of Don Bosco Multi-Purpose Cooperative in North Cotabato, which is supported by Dubai-based OFWs.

Under the partnership, OFWs in Dubai agreed to invest P30,000 (Dh2,189) per hectare to finance poor farmers’ needs to buy good seeds and fertilizers.

Don Bosco general manager Romano Laurilla said the investment guarantees an income of P4,500 (Dh328) per harvest.

Don Bosco farmers has shipped 11 metric tons of organic rice last July, while another shipment is scheduled in September.

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Peso – dirham rate hits Ph14

Peso – dirham rate hits Ph14

The peso-dirham rate hit the Ph14-mark yesterday and money exchange experts are saying it is headed for Ph14.20 in the coming days. Purple  Juachon,  Al Rostamani marketing head for the Philippine corridor, told The Filipino Times, the rate was at Ph14.01 yesterday...

Abu Dhabi named safest city in the world

Abu Dhabi named safest city in the world

Abu Dhabi came out on top as the world’s safest city in the Ipsos city index last July 2017, with the highest safety index of 86.46 and the lowest crime index of 13.54, based on the mid-year 2017 crime index by Numbeo, the largest international database that collects...

Construction of P12.55B new Clark terminal to start in December

Construction of P12.55B new Clark terminal to start in December

    The government will start the construction of Clark International Airport's new terminal building in December this year, according to PNA. The report said the government is set to award the contract in November. Bases Conversion and Development Authority (BCDA)...

NEDA: Weak peso to benefit OFWs

NEDA: Weak peso to benefit OFWs

With the Philippine Peso closing at P51.08 against a dollar today, its lowest in 11 years, Ernesto Pernia, Director-General of the National Economic and Development Authority (NEDA), said that it should not be a cause of worry, instead it will boost a pillar of the...

PH nabs 3 medals so far in 2017 SEA Games

The Philippines men archery trio delivered the country’s third medal in the 29th Southeast Asian Games held in Kuala Lumpur, Malaysia. The archers trio of Earl Benjamin Yap, Joseph Benjamin Vicencio, and Paul Marton Dela Cruz bounced back from the defeat in the...

PH eyed as rising cruise ship destination

With over 7,000 beautiful islands, it’s no wonder that the country attracts tourists to experience the Philippines. With the improving China-Philippines relations, China is looking into the Philippines as a target cruise destination for Chinese tourists. Aboard cruise...

Senate panel approves DFA’s nearly P20-B budget for 2018

The Department of Foreign Affairs (DFA) became the first government agency to have its budget approved by the Senate Committee on Finance and this is expected to help boost funding to ensure overseas Filipino workers (OFWs)’ welfare. Senator Loren Legarda, chair of...

PH to host 2019 SEA Games—DFA

After initially withdrawing from the hosting of the biennial multi-sport event in July to allocate the hosting budget to rehabilitate Marawi and other parts of Mindanao, the Department of Foreign Affairs (DFA) announced that Philippines will once again host the 30th...

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