25 Sep

10 farmers’ cooperatives sign loan contracts with prov’l gov’t

first_img* San Julian Multipurpose Cooperative inBadiangan – P5 million The contract signing was done yesterdayafternoon. Under this loan program – with a two percentinterest per annum and payable in three years – of the provincial governmentdubbed Mangungoma Sapnayon: Palay PriceProcurement Program, farmers’ cooperatives must buy palay (unhusked rice) from small farmers at premium prices. * Southern Iloilo Area MultipurposeCooperative in Oton – P10 million * Pototan Farmers Multipurpose Cooperative –P10 million According to Atty. Arturo Cangrejo, chief ofthe Provincial Cooperative Development Office, the loanable amount wasdetermined based on the cooperatives capacity to pay and drying facilities. “The first amortization of these cooperatives would start 15 monthsafter the loan’s release. Buot silingonsubra isa tuig anay nga i-rolling sangkooperatiba ang ila pundo para maka-gainincome kag amat-amat sila nga magabayad,” said Cangrejo. * Barotac Nuevo Development Cooperative – P5million * Dingle Multipurpose Cooperative – P10million * Kooperatiba Naton Multipurpose Cooperative inTigbauan – P5 million * Zarraga Multipurpose Cooperative – P5million * Guintapagin Agrarian Reform Cooperative inBingawan – P1 million * Santa Barbara (FACOMA) MultipurposeCooperative – P5 million The 10 cooperatives and their loans are thefollowing: ILOILO – Ten farmers’ cooperatives areavailing themselves of loans from the provincial government to help smallfarmers reeling from the nose-diving of rice prices that is being blamed on theRice Tariffication Law. * Kabalikat Multipurpose Cooperative inBingawan – P1 million As agreed with the provincial government, thecooperatives would procure palay fromsmall farmers at P14 per kilo./PNlast_img read more

18 Sep

BCCI contemplating moving IPL 2020 out of India

first_imgEVER since the coronavirus pandemic started taking charge from the month of March, cricketing tournaments have gone for a toss.India have also suffered from that aspect as apart from the bilateral series against South Africa being cancelled, the 2020 Indian Premier League (IPL) has also become doubtful. It was scheduled to get underway on March 29 at the Wankhede Stadium.However, the tournament had to be postponed for an indefinite time period due to the lockdown and the continuous increase in COVID-19 cases. The situation has worsened to the extent that the Board of Control for Cricket in India (BCCI) has also been contemplating moving the T20 event out of India. Arun Dhumal, the BCCI treasurer, said that it’s about safety of the players.“If it is safe for our players to play IPL in India, then it would be our first preference but in case the situation does not permit and we are not left with any choice and a window is available then we can look at moving IPL 2020 out of India,” Dhumal was quoted in an exclusive interview with Times Now.Back in 2009, the entire IPL had to be shifted to South Africa, that time because of the political scenario in India. The Lok Sabha Elections were underway and the security forces weren’t available for the matches. Even in 2014, a part of the tournament had to be played in the United Arab Emirates (UAE) due to the same reason.“We have done it in the past in South Africa. We may not want to do it willingly but if that’s the only possibility then there is not much anyone can do about it,” Dhumal stated.Earlier, it was learned that the world’s richest cricket board could end up incurring losses worth INR 4 000 crore if the IPL doesn’t take place. The cricketers could also face pay cuts from the board.Previously, if reports are to be believed, Sri Lanka and the UAE have offered to host the IPL. But the BCCI treasurer sounded concerns about travel restrictions and other problems in the pandemic situation.“No country is safe from the COVID-19 pandemic so it’s not going to be easy if we decide to shift IPL out of the country and take players to Sri Lanka, Dubai or South Africa. The situation is almost the same everywhere, international travel restrictions are also a problem.“Sri Lanka was okay but in the last couple of days cases have risen there so problems are there; we need to deal with them,” he added. (CricTracker)last_img read more