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Former National Food Authority (NFA) administrator Angelito Banayo and five members of the agency’s special bid and awards committee (SBAC) – all implicated in a rice smuggling case – were formally charged yesterday with graft before the Office of the Ombudsman.

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                    [Title] => Senate wants Banayo charged over rice smuggling
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The Senate has established that a big-time rice cartel was operating in the country, at least in 2012, which used farmers’ cooperatives as willing dummies to bankroll rice smuggling operations.

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The National Government will allocate P8 billion next year to subsidize the money-losing operations of the National Food Authority (NFA), a move seen to put additional pressure on the country’s fragile fiscal position.
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The National Food Authority (NFA) raised P9 billion from the sale of 10-year bonds in a public auction yesterday, proceeds of which would be used to fund its refinancing requirements and operations this year and in 2010.
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CELIA TAN

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Former National Food Authority (NFA) administrator Angelito Banayo and five members of the agency’s special bid and awards committee (SBAC) – all implicated in a rice smuggling case – were formally charged yesterday with graft before the Office of the Ombudsman.

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                    [Title] => Senate wants Banayo charged over rice smuggling
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The Senate has established that a big-time rice cartel was operating in the country, at least in 2012, which used farmers’ cooperatives as willing dummies to bankroll rice smuggling operations.

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                    [Title] => NFA subsidy to double in 2010
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The National Government will allocate P8 billion next year to subsidize the money-losing operations of the National Food Authority (NFA), a move seen to put additional pressure on the country’s fragile fiscal position.
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                    [Title] => NFA raises P9 billion from bond sale
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The National Food Authority (NFA) raised P9 billion from the sale of 10-year bonds in a public auction yesterday, proceeds of which would be used to fund its refinancing requirements and operations this year and in 2010.
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abtest

Banayo, 5 others charged with graft

By Aie Balagtas See | August 12, 2014 - 12:00am

Former National Food Authority (NFA) administrator Angelito Banayo and five members of the agency’s special bid and...

Headlines

Senate wants Banayo charged over rice smuggling

By Christina Mendez | February 13, 2013 - 12:00am

The Senate has established that a big-time rice cartel was operating in the country, at least in 2012, which used farmers’ cooperatives as willing dummies to bankroll rice smuggling operations.

Headlines

NFA subsidy to double in 2010

By Iris Gonzales | October 29, 2009 - 12:00am

The National Government will allocate P8 billion next year to subsidize the money-losing operations of the National Food Authority (NFA), a move seen to put additional pressure on the country’s fragile fiscal...

Business

NFA raises P9 billion from bond sale

By Iris Gonzales | October 28, 2009 - 12:00am

The National Food Authority (NFA) raised P9 billion from the sale of 10-year bonds in a public auction yesterday, proceeds of which would be used to fund its refinancing requirements and operations this year...

Business