• POE SEEKS MORE PPPS IN AGRICULTURE

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    Sen. Grace Poe has called for more public-private partnerships (PPP) that would enhance productivity in the agriculture sector. Poe has filed Senate Bill 2089, or An Act Promoting Corporate Farming and Providing Incentives for its Effective Implementation. “This bill will increase efficiency in the agriculture sector,” the neophyte senator said. Poe said her proposed law seeks to develop a corporate farming program that will boost PPP in agriculture . Poe said corporations and partnerships shall be given tax incentives on customs duties, value-added tax, capital gains tax and other tax breaks. Loans extended by banks to participating firms or partnerships shall be treated as compliance to the Agri-Agra Reform Credit Act of 2009.
    PNA

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