MILLION-PESO LOAN PACKAGE
By: Jovic Yee, Philippine Daily Inquirer, May 02, 2017
Officials of the Department of Transportation and Department of Finance signed on Sunday an agreement for a financing mechanism for drivers who would be affected by the government’s jeepney modernization program.
Transportation Secretary Arthur Tugade dubbed the agreement, which was signed on the eve of Labor Day, “a gift” from President Duterte to public utility vehicle drivers who have been asking what assistance they would get from the government with the phaseout of old jeepneys.
Under LandBank’s special program for environment-friendly and efficiently-driven jeepneys, drivers can avail themselves of a P1.4 million- to P1.6 million-loan package to buy either an air-conditioned electric, hybrid or Euro-4 jeepney.
LandBank president Alex Buenaventura said that the driver could end up owning the jeepney since he would be the listed borrower for the loan which must be paid within seven years at an interest rate of 6 percent.
He added that the financing scheme would be similar to the traditional boundary system as drivers would pay the bank P800 daily through its designated cash deposit machines.
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
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October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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