Bicam ok's sugarcane act
with P2B annually - Villar
BY CARLA GOMEZ
The congressional bicameral conference committee yesterday approved the Sugarcane Industry Development Act of 2014, that now is assured of an annual appropriation of P2 billion, Senator Cynthia Villar, House Committee on Agriculture chair, and one of the authors of the measure, said.
The bill aims to strengthen the competitiveness and boost diversification efforts of the sugarcane industry, Rep. Alfredo Abelardo Benitez (Neg. Occ., 3rd District), who authored the House version of the bill, said.
The P2 billion will be automatically included in the annual General Appropriations Act, which is much bigger and better than the original proposal for it to be sourced from 15 percent of the Value Added Tax on local and imported sugar, and tariff collected from the importation of sugar, Villar told the DAILY STAR.
Cojuangco farm robbed
BY GILBERT BAYORAN
Unidentified suspects believed by the police to be amateurs broke into and ransacked the ECJ farm and stole about P1.3 million in cash in Brgy. Baliwagan, San Enrique, Negros Occidental, yesterday.
Senior Inspector Romeo Vargas, San Enrique police chief, said the amount was intended for the salaries and Christmas bonuses of the ECJ farm owned by business tycoon Eduardo Cojuangco.
Initial investigations by the San Enrique police showed that the ransacking must have involved two suspects, who cut the cyclone wire surrounding the administration building, destroyed the glass window and door of the administration building. .
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NegOr SP approves
After long hours of debate during its session that lasted from 2 to 11 p.m. Wednesday, the Sangguniang Panlalawigan of Negros Oriental finally approved the 2015 budget of more than P1.7 billion.
Board Member Liland Estacion said the approval of the budget went through rough sailing, with majority of her colleagues voting to delete the intelligence fund of the governor, that, she said, is not in conformity with existing laws.