MANILA (Philippine Daily Inquirer/Asia News Network): President Ferdinand Marcos Jr has signed an executive order placing a one-year moratorium on the amortization and interest payments of agrarian reform beneficiaries (ARBs), the Department of Agrarian Reform (DAR) confirmed.
According to DAR Secretary Conrado Estrella III on Tuesday (Sept 13), the moratorium is a way to prepare for the President’s promise — for Congress to pass a law that will condone outstanding loans of ARBs with unpaid amortization and interests.
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