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| PHOTO RELEASE |
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NFA LOANS SUCCESSFULLY RE-STRUCTURED __ National Food Authority administrator Angelito T. Banayo (2nd from left) leads the toast following the successful re-structuring of NFA loans. The NFA successfully raised P75 B to partly refinance its short term liabilities thru a syndicated 10-year loan facility arranged by the Development Bank of the Philippines and Land Bank of the Philippines. This milestone transaction is part of the agency’s management of liability program to restructure its outstanding obligations with financial institutions by extending its debt maturity profile from a mix of 70 percent short-term and 30 percent long-term at the start of the new administration to a 25-75 percent ratio of short and long term loans after the issuance of the loan facility. Aside from improving its credit risk profile, and easing its tight cash flow liquidity, the NFA is also able to take advantage of the prevailing low interest rates. The loan syndication was participated by BDO, Unibank, Inc., China Banking Corp., DBP, LBP, Metro Bank and Trust Corp., Mizuho Corp. Bank Ltd., Philippine National Bank and Rizal Commercial Banking Corporation. With the availment of the loan facility, the NFA is expected to further pursue domestic palay buying to help local farmers. Also in photo are DBP Executive Vice President Susan Z. Prado, First Metro Investment Corporation Sr. Vice President Justin Ocampo (at the background, in white) and BDO Sr. Exec. Vice President Walter C. Wasamer (at right).
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NFA SHIPS EMERGENCY RICE SUPPLY TO BATANES January 02, 2012
The National Food Authority has shipped a total of 2,000 bags of rice to Batanes to effectively augment the food security inventory in the province
According to NFA, the emergency rice shipment was made in the wake of the reported dwindling of commercial rice stocks in the province caused by the difficulty in transporting rice through the normal shipping route that crossed the Balintang Channel ...Read more>> |
NFA ISSUES RICE TO VICTIMS OF TYPHOON SENDONG (December 20, 2011)
The National Food Authority has todate issued a total of 3,737 bags of rice to the Department of Social Welfare and Development (DSWD) and the local government units for relief operations and to assist victims in the provinces of Negros Oriental, Cagayan de Oro in Misamis Oriental , Bukidnon and Iligan in Lanao del Norte, all of which were severely affected by Typhoon Sendong
Todate, a total of 100 bags of rice were issued to Negros Oriental, 2,036 bags to Cagayan de Oro, 901 bags to Iligan and 700 bags to Bukidnon ...Read more>>
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NFA WILL NOT INCREASE PRICE OF RICE (December 8, 2011)
During the Year-End Food and Agri Business Conference entitled “The Business of Food & Agriculture : Where is it Headed?” held today at the PLDT Hall of the University of Asia and the Pacific (UA&P), National Food Authority (NFA) Administrator Angelito T Banayo announced that NFA will not increase the price of rice especially during the holiday season ...Read more>> |
NFA-FDC CONDUCTS TRAINING ON THERMAL PROCESS OPERATION FOR RETORT OPERATORS (November 9, 2011)
The Food Development Center (FDC) of the National Food Authority (NFA) will conduct a training course on 'Thermal Process Operation for Retort Operators' on November 17-18, 2011 at the FDC Compound, FTI Complex, Taguig City
The training course aims to upgrade the technical capability of retort operators in the operation of Thermal Processing System ...Read more>> |
NFA EXECS, GOVERNOR TEAM UP TO SECURE RICE FOR TYPHOON-ISOLATED IFUGAO PROVINCE (October 10, 2011)
The National Food Authority has teamed up with the Office of the Governor to augment the rice inventory and ensure the food security of the typhoon-isolated province of Ifugao
NFA Region 2 director Ruben J ...Read more>> |
TRAINING ON THE REQUIREMENTS FOR GMP IN FOOD HANDLING AND PROCESSING (September 30, 2011)
The Food Development Center (FDC) of the National Food Authority (NFA) will conduct a training course on the “Requirements for Good Manufacturing Practices (GMP) in the Handling and Processing of Foods” on October 21, 2011 from 8:00 AM to 5:00 PM at the FDC Compound, FTI Complex, Taguig City
The training course aims to upgrade the understanding of participants on the requirements for good manufacturing practices (GMP) in food plants and its adoption under local conditions ...Read more>> |
NFA , LGUS AND RELIEF AGENCIES NEEDS CLOSER COORDINATION SPEED UP ASSISTANCE TO TYPHOON VICTIMS (September 29, 2011)
National Food Authority administrator Angelito T Banayo calls for closer coordination with local government units and other government relief agencies to speed up rice issuance and giving assistance to victims of typhoon Pedring ...Read more>> |
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