00:00 [News Anchor]
00:04 We are back with PTV Balita Ngayon.
00:07 The Department of Finance and the Central Bank of the Philippines
00:11 assured that the situation of state-run banks,
00:14 the Land Bank and Development Bank of the Philippines,
00:17 is stable.
00:18 That's why the capital infusion or the funding of the Maharlika Investment Corporation is not worrying.
00:24 DOF and BSP explained that the capital infusion is from the investable funds of the government bank
00:30 so it will not affect the borrowing of important sectors like agriculture.
00:36 Meanwhile, the Saudi Ministry of Investment welcomed President Ferdinand R. Marcus Jr. last week.
00:44 One of his goals is to introduce the Maharlika Investment Fund
00:49 to the leading businessmen of the Kingdom of Saudi Arabia.
00:52 According to the Finance Department, the Philippines will benefit from this step
00:56 because it is one of the ways to build the capital needed for the 8-point economic agenda of the administration.
01:04 The MI0 IRR is being, is continuously being reviewed
01:10 because this is an important project as part of the normal due diligence.
01:16 We want a good product, an excellent product.
01:21 So it's not really, it should not really be a source of concern
01:26 if there is an opportunity or the administration took the opportunity
01:33 to take a second look at the IRR.
01:38 The President has mentioned or reiterated also for example that
01:43 the government continues to consult the economic managers as well as the business community.
01:50 The entire province of Nueva Vizcaya was plunged into a state of calamity
01:55 due to the sudden rise of African Swine Fever.
01:58 According to the September 2023 report of the Nueva Vizcaya Provincial Veterinarian,
02:03 77 hog raisers from 32 barangays in 8 cities were affected by the ASF.
02:09 According to the Provincial Veterinarian, the damage caused to the business,
02:18 economy and security of the province was caused by the ASF.
02:21 Governor Jose Gambito also urged the hog raisers to avoid raising pigs due to the outbreak.
02:29 The Governor also added that the PLGU and Department of Agriculture will continue to provide assistance to the affected.
02:36 At present, the indemnification assistance given to 37 hog raisers in the province is already at Php 868,000.
02:45 Php 416,000 is yet to be given to the 15 affected.
02:50 Three thousand families in Tondo, Maylila, Siargao, Isabela, Camarinesur and Maguindanao
02:58 are included in the Food Stamp Pilot Program of the Department of Social Welfare and Development.
03:03 Under Executive Order 44, the No Hunger 2027 is one of the flagship programs of the government
03:11 that was started last July in Tondo. It will continue until the middle of next year.
03:17 According to DSWD Undersecretary Eduardo Punay, the data they get from the program is of great help,
03:24 especially when they address the primary needs of Filipino families.
03:29 The program has an allocation of Php 3,000 per family.
03:33 Half of it can be used to buy carbohydrates such as rice and bread.
03:39 The remaining amount can be used to buy food with protein, fruits and vegetables.
03:44 Punay added that even though the amount is not that big,
03:48 DSWD is not going to let the beneficiaries just rely on the program.
03:54 The government has limited resources.
03:57 This is just a supplementary meal.
04:01 We are only providing one meal per day to DSWD in this program
04:06 because we cannot provide three meals per day.
04:09 We don't do that because we have anti-medicancy.
04:14 And those are the news for this time.
04:18 For other updates, like and follow us on Facebook and Twitter at @ptvph.
04:23 I am Dominic Alvelor. Good afternoon.
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