PH, World Bank sign $600-M loan for agri, fisheries | ABS-CBN

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PH, World Bank sign $600-M loan for agri, fisheries

PH, World Bank sign $600-M loan for agri, fisheries

ABS-CBN News

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Farmers along the Nueva Ecija-Aurora road take advantage of the good weather and start land preparations for the next rice planting cycle on Nov. 23, 2018. Jire Carreon, ABS-CBN News/File
Farmers along the Nueva Ecija-Aurora road take advantage of the good weather and start land preparations for the next rice planting cycle on Nov. 23, 2018. Jire Carreon, ABS-CBN News/File

MANILA -- The Philippines has signed a $600 million loan deal with the World Bank to boost the agriculture and fisheries sector in the country, the Department of Finance said Monday.

The loan agreement is for the Philippine Rural Development Project (PRDP) Scale-Up, which aims to boost farmer and fisherfolk access to markets, increase income from selected agri-fishery value chains, and improve efficiency in the food supply chain.

The project will involve direct investments in the rural infrastructure and enterprise projects, which will directly benefit about 450,000 farmers and fisherfolk and generate about 42,000 new jobs.

It will cover 82 provinces in the Philippines.

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Out of the $818 million allotted for the project, $218 million will be funded by the national government and the local government units.

Once completed, the Department of Agriculture will make it a locally-funded program to ensure its sustainability.

The World Bank has been supporting the project since 2014, and has provided two additional loans in 2018 and 2021.

The World Bank's total official development assistance loan and grant commitments is at an estimated S$7.94 billion as of July 2023.

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TNVS drivers call on LTFRB anew to enforce rule on mandatory discounts

TNVS drivers call on LTFRB anew to enforce rule on mandatory discounts

Andrea Taguines,

ABS-CBN News

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Grab signs in a mall in Pasig City. Mark Demayo, ABS-CBN News/FileGrab signs in a mall in Pasig City. Mark Demayo, ABS-CBN News/File

MANILA — A group of Transport Network Vehicle Service (TNVS) drivers appealed to regulators anew on Wednesday to make ride-hailing firms shoulder the full cost of the mandatory 20-percent discount for senior citizens, Persons with Disabilities (PWD), and students.

“Ang mga driver/operator po, maliit lang ang kinikita nyan. Bakit kailangan pang ipapasan ang mga discount na ito?” said Laban TNVS President Jun De Leon during a rally outside the Land Transportation Franchising and Regulatory Board (LTFRB) office in Quezon City.

“Non-negotiable na po sa atin ang mandatory discounts. Dapat po, 100 percent, sagutin ito ng Transport Network Company (TNC),” he added.

LTFRB Chairman Teofilo Guadiz earlier said that based on Memorandum Circular 2015-016-A, TNCs should absorb these passenger discounts as part of the conditions of acquiring a franchise.

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But some TNCs continue to pass it on to their partner drivers, or at least split the cost with them in the case of dominant player Grab Philippines— on the basis of a different LTFRB memo issued in 2018 which states that public utility operators and drivers should grant the discount.

In a previous interview with ABS-CBN News in December, Guadiz said that provision only applies to public utility jeepneys and buses.

In an effort to clear up the confusion, he said the LTFRB would issue a new order that would also lay down standards on how these discounts should be applied so as not to inconvenience passengers from vulnerable groups.

Up to now, though, the LTFRB has yet to issue any order.

“The issue boils down to sino ang magkukuha or aako nung discount na yan, is it the TNC like Grab? Or is it the operator, yung may-ari ng sasakyan, or is it the driver?” said Guadiz during his latest press conference on Tuesday.

Laban TNVS expressed frustration over this, saying the LTFRB is seemingly changing its initial stance.

“Hindi ko alam kung bakit biglang nagbago ang ihip ng hangin sa sinasabi ni Chairman Guadiz… Ang sinasabi po nila ay pag-aaralan nila ito. Ano pa ba ang dapat pag-aralan? Maliwanag po sa Memorandum Circular, hindi na po dapat palitan,” insisted De Leon.

New entrants in the four-wheeled ride-hailing market, Lalamove and Pure Ride, are also waiting for an LTFRB memo so they can ensure proper compliance.

Lalamove, which launched Lalamove Ride in early February, told ABS-CBN News that, at least for now, it is shouldering majority of the passenger discount while implementing a lower commission rate for drivers.

“In the absence of a memorandum circular, minabuti na po naming magtake ng initiative na majority share si Lalamove, 60% ng discounts are shouldered by Lalamove and then 40% are shouldered by the drivers,” said Lalamove Philippines Managing Director Djon Nacario.

“But please take note, 2% commission lang yung ino-offer namin… At the end of the day, 98% nung fare yung maiuuwi ng ating partner drivers,” he added, saying the firm has one of, if not, the lowest commission rate in the industry.

Nacario also said that should the LTFRB order them to absorb the full cost of the discount, Lalamove would also be prepared to comply.

Meanwhile, Pure Ride, which began operations last February 14, is proposing a 50-50 share with drivers once its 10 percent commission rate takes effect.

“Kunyari sa start we got 0 commission. Ibig sabihin, wala naman kaming nakuha, so the entire 20% would be on the driver which is fair enough. Now when we start getting 10%, dapat 10% lang din yung magiging cover namin (sa discount),” said Pure Ride Chief Operating Officer Edison Go Tan during the firm’s pre-launch media briefing in Makati last February 11.

“Pero siyempre kung sasabihin ng LTFRB talagang icha-charge nila sa TNC, wala kaming magagawa,” assured Tan.

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