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World Bank: Agriculture transformation essential to Philippine economic recovery

MANILA, Philippines — The transformation of the local agriculture industry, anchored on the shift away from specific crops and toward a more demand-driven sector, is necessary to fast-track the economic recovery of the Philippines amid the coronavirus disease pandemic. During the virtual launch of its latest report yesterday, the World Bank said transforming agriculture into […]

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Thailand: B3,000 cash handout develops

The Finance Ministry is finalising details of the 3,000-baht cash handout scheme, with initial daily spending disbursed through an e-wallet application and a cap of 100 baht. Details are expected to be finalised by the Fiscal Policy Office before submission to the Center for Economic Situation Administration on Thursday, said a Finance Ministry source speaking […]

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Philippines: Agriculture trade drops 20% in Q2

MANILA, Philippines — The country’s agricultural trade value dropped 20 percent to $4.07 billion in the second quarter of the year amid lesser exports due to constraints brought about by the pandemic. Latest data from the Philippines Statistics Authority (PSA) showed agricultural imports comprised 64.3 percent of the  bulk of the trade while exports made […]

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