MANILA – The Philippine Deposit Insurance Corp. will request the central bank for the extension of the former’s six-month receivership on the  Export and Industry Bank.

EIB was closed down on April 27 and the six-month receivership of PDIC ends on Oct. 26.

“We will ask the Bangko Sentral ng Pilipinas for a 60-day extension,” PDIC Executive Vice President Cristina Orbeta said.

BSP Deputy Governor Nestor Espenilla Jr. has said that Monetary Board officials will grant PDIC’s request if it asks for the extension of the receivership period.

PVO selecting areas for
sheep propagation

The Provincial Veterinary Office of Negros Occidental is selecting 20 barangays to qualify for the “Karnero sa Barangay” program to propagate sheep breeding development at their level, Provincial Veterinarian Dr. Renante Decena said yesterday.

Decena said the province has already been declared as the lamb capital of the Philippines and bringing the project to the barangay level will increase the production of the animals.

The barangays are evaluated based on their capacity and willingness to raise the animals, house them, and the personnel who will be trained to maintain their health, he said.

KMP to discuss needs
with provincial gov’t

Members of the Kilusang Magbubukid ng Pilipinas and the National Federation of Sugar Workers will meet with representatives of the provincial government of Negros Occidental Tuesday to discuss the situation of the peasants and laborers in the province, its spokesperson, Greg Ratin, said yesterday.

Ratin said they will present to the government the problems faced by farmworkers during the dialog and it will also be an opportunity to demand that the government protect their rights.

He said they will also take up the land-grabbing issue in Hacienda Ilimnan, Brgy. Sta. Rosa, Murcia where the Negros First Ranch is located.