{"id":95887,"date":"2017-03-29T04:00:01","date_gmt":"2017-03-29T08:00:01","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=95887"},"modified":"2017-03-29T04:00:01","modified_gmt":"2017-03-29T08:00:01","slug":"dti-needs-additional-php2b-for-p3-program","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2017\/03\/29\/dti-needs-additional-php2b-for-p3-program\/","title":{"rendered":"DTI needs additional PHP2B for P3 Program"},"content":{"rendered":"<figure id=\"attachment_95888\" aria-describedby=\"caption-attachment-95888\" style=\"width: 640px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/03\/ph12-092216-AAA-4.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-95888\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/03\/ph12-092216-AAA-4.jpg\" alt=\"Trade Secretary Ramon Lopez said the Department of Trade and Industry (DTI) has requested for additional PHP 2.0 billion for the Pondo para sa Pagbabago at Pag-asenso (P3) Program. (Photo: ALBERT ALCAIN\/PPD)\" width=\"640\" height=\"419\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/03\/ph12-092216-AAA-4.jpg 640w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2017\/03\/ph12-092216-AAA-4-300x196.jpg 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><figcaption id=\"caption-attachment-95888\" class=\"wp-caption-text\">Trade Secretary Ramon Lopez said the Department of Trade and Industry (DTI) has requested for additional PHP 2.0 billion for the Pondo para sa Pagbabago at Pag-asenso (P3) Program. (Photo: <a href=\"http:\/\/pcoo.gov.ph\/photo3-092216\/\">ALBERT <\/a>ALCAIN\/PPD)<\/figcaption><\/figure>\n<p>MANILA\u2014Trade Secretary Ramon Lopez said the Department of Trade and Industry (DTI) has requested for additional PHP 2.0 billion for the Pondo para sa Pagbabago at Pag-asenso (P3) Program.<\/p>\n<p>In a radio interview Wednesday, Lopez said the DTI has rolled out some PHP 118 million for the P3 Program in the first quarter of the year, benefitting three provinces.<\/p>\n<p>To date, DTI has established P3 Prgoram in Occidental Mindoro, Tacloban, and Sarangani.<\/p>\n<p>For this year, the government allotted PHP1.0 billion for the program.<\/p>\n<p>Moreover, the DTI chief noted that President Rodrigo Duterte wants to allocate PHP1.0 billion for every region under the P3 Program.<\/p>\n<p>The P3 Program is the microfinancing program of the Duterte administration which aims to provide financial access to micro entrepreneurs in the country\u2019s poorest areas.<\/p>\n<p>The program targets to boost entrepreneurship in these areas without tapping loan sharks or those parties that lend money with extremely high interest rates.<\/p>\n<p>According to Lopez, the average monthly interest for the micro lending under the P3 is at 2.0 percent, which is much lower than the 20 percent interest rate in \u20185-6\u2019 money lending scheme at 20 percent in a span of two to three months.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA\u2014Trade Secretary Ramon Lopez said the Department of Trade and Industry (DTI) has requested for additional PHP 2.0 billion for &hellip;<\/p>\n","protected":false},"author":33,"featured_media":95888,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[5579,12337],"class_list":["post-95887","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-department-of-trade-and-industry","tag-ramon-lopez","mauthors-philippine-news-agency"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/95887","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/33"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=95887"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/95887\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/95888"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=95887"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=95887"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=95887"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}