MANILA, Philippines — The Department of Agriculture (DA) is expanding seed production areas in the country efforts to increase farmers’ accessibility to high-quality seeds particularly in Mindanao. DA-attached agency Philippine Rice Research Institute (PhilRice) recently inked an agreement with the University of Southern Mindanao (USM) for the establishment of a 50-hectare seed production area. “Farmers’ […]
Read MoreGENEVA: The Philippines has banned imports of pigs and pig products from Laos due to an African swine fever outbreak, it said in filings published by the World Trade Organization on Tuesday. The Philippines’ move follows similar steps by China and Thailand, following an outbreak in Laos’ southern province of Saravane. The Philippines also said […]
Read MoreMANILA, Philippines — The government has collected P5.9 billion in rice tariffs since the liberalization of rice imports in March, according to the Department of Finance. Citing preliminary data from the Bureau of Customs (BOC), the DOF said the private sector has imported 1.43 million metric tons (MMT) of rice since the implementation of the […]
Read MoreMANILA, Philippines (Updated 10:50 a.m.) — Consumer price growth in the Philippines resumed its downtrend in June to post the slowest rate since September 2017, the government reported Friday, giving the Bangko Sentral ng Pilipinas more space for further policy easing. Inflation stood at 2.7% in June, slower than the pace recorded in May that saw price […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) said inflation may ease below two percent in the third quarter, giving monetary authorities more room to cut interest rates further. BSP Governor Benjamin Diokno said in an interview inflation in the third quarter may drop further compared to the second quarter figure. “If we just […]
Read MoreMANILA, Philippines — Philippine businesses have the most positive economic outlook among 35 countries even as optimism dipped slightly from a year ago, a survey of independent assurance, tax and advisory firm Grant Thornton showed. Grant Thornton’s International Business Report showed the Philippines topped the list with a net 73 percent having an optimistic outlook […]
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