The Department of Environment and Natural Resources (DENR) is set to implement P7.25-billion worth of projects for enhanced ecosystems in the Philippines, a move that will be largely backed by a bilateral assistance fund from the United States Agency for International Development (USAID). This...
Amid recent government decisions that aim to increase the importation of rice and pork, food security advocacy group Tugon Kabuhayan has called for much-improved industry data gathering in the agriculture sector. In a virtual briefing, Asis Perez, convenor of Tugon Kabuhayan, said the government...
After weeks of disagreement on pork imports, the Senate and the President’s economic team, led by Finance Secretary Carlos Dominguez III, decided to lower the import tariff cut proposed under Executive Order (EO) 128 and adjust the volume of pork imports allowed to enter the Philippines under...
President Duterte has formally appointed Karl Kendrick T. Chua as socioeconomic planning secretary as well as head of the National Economic and Development Authority (NEDA). One-year after serving the positions in an acting capacity, Chua is now officially the government’s chief economist and...
The possibility of the government opening up the local market to more imported sugar remains to be one of the major factors why the country’s local sugar production is seen not improving this year or in the next years to come. This, according to international data, has remained to be “the...
Amid the prevalence of African Swine Fever (ASF), state-run lender Land Bank of the Philippines (LANDBANK) has doubled its credit commitment to the local swine industry from P15 billion to P30 billion. This, according to the bank, will help local pork producers and feed millers to repopulate and...
Foreign direct investments (FDI) last year dropped 24.6 percent to a net inflow of $6.542 billion from $8.671 billion in 2019, but it was more than the Bangko Sentral ng Pilipinas’ (BSP) $6-billion projection for 2020. “The disruptive impact of the pandemic on global supply chains and the weak...
The National Economic and Development Authority (NEDA), the country's chief economic development planner, said the country needs to strike a better balance in managing the health and economic threats, particularly in Metro Manila where almost a quarter of its population suffer from hunger. Acting...
The Department of Agriculture (DA) will not withdraw its proposal for tariff reduction on pork and rice imports despite the growing number of groups – including farmers, raisers, advocates – opposing such a move. When asked if he will consider the possibility of withdrawing DA’s proposal,...
MB file photo The Philippine Metalworkers Alliance (PMA-SENTRO) has called for a review of the automotive industry development plan stating the imposition of the safeguard measure is not enough to save the domestic automotive industry and stop car companies' exodus from the Philippines. PMA...
Agriculture Secretary William Dar has joined the call to further open up the Philippine economy despite the COVID-19 pandemic persistence. This, according to him, could address the country’s food sufficiency level to address hunger amid the pandemic. Agriculture Secretary William Dar (MANILA...
The National Economic and Development Authority (NEDA) is encouraging consumers and the working population to respond to a new survey on confidence in the safe and gradual opening of the economy. In a statement, Acting Socioeconomic Planning Secretary Karl Kendrick T. Chua said the key to a real...
