Philippine Center for Postharvest Development and Mechanization (PHilMech) is hurrying to finish the auction for P10-billion worth of farm equipment by the end of this year in fear of falling short anew in spending its annual Rice Competitiveness Enhancement Fund (RCEF) allocation.
Philippine Center for Postharvest Development and Mechanization (PHilMech) is hurrying to finish the auction for P10-billion worth of farm equipment by the end of this year in fear of falling short anew in spending its annual Rice Competitiveness Enhancement Fund (RCEF) allocation.
PHilMech Executive Director Baldwin Jallorina Jr. said in a virtual media briefing that the agency is now in the process of distributing P2 billion worth of farm equipment under RCEF, while the auction and awarding is still on-going for another P5.5 billion worth of machineries.
But because the agency actually has P10-billion worth of RCEF money to spend this year, Jallorina hopes to be able to bid out another P2.5 billion worth of farm machinery before the year ends.
See full article at Manila Bulletin