The tariff cuts on imported pork under Executive Order 128 is expected to result in P14 billion loss in government revenue, according to the Kilusang Magbubukid ng Pilipinas (KMP). A customer pays for pork at a roadside market stall in Mandaluyong City, Manila, the Philippines, on Sunday, March 14,...
Consumers are urged to keep on patronizing local pork amid the issuance of Executive Order (EO) 128, which will bring down the tariff on pork imports and will pave the way for the entry of more imported pork into the Philippines. On Thursday, Samahang Industriya ng Agrikultura (SINAG) Chair...
The Philippine International Literary Festival happens this month and onward Portuguese poet Fernando Pessoa describes literature as “the most agreeable way of ignoring life.” Simply put, it’s the best kind of distraction. If so, then literature could easily be considered an “essential...
The Philippine government will no longer extend the price ceiling on pork and chicken in Metro Manila, but will impose a price cap or suggested retail price (SRP) on imported pork only starting Friday, April 9. Agriculture Secretary William Dar announced during Wednesday, April 7 virtual briefing,...
GOVERNANCE MATTERS Former Vice President Jejomar Binay On Good Friday came the shocking news from the Department of Health (DOH) that the number of active COVID-19 cases for the day totalled 15,310. Many experts had predicted this would happen sooner than later, but its announcement on Good Friday...
OF TREES AND FOREST Former Senate President Manny Villar The numbers are disheartening. Last April 2 the country logged a total of 15,310 new COVID-19 cases (3,790 of which were backlogs). The following day the number of new cases was 12,576 which brought our active cases to a staggering 165,715....
Philippine shares rose on the back of record performances of US bourses. PSE file photo The main index jumped 94.96 points or 1.46 percent to close at 6,590.11 as share prices rose across the board, led by the Holding Firms and Industrial counters. Volume remained tepid though at 2.41 billion...
The Philippine Stock Exchange, Inc. (PSE) aims to get more companies to consider raising capital through an initial public offering (IPO) after it relaxed its listing rules. In a statement, the bourse said it has released its Amended Listing Rules which contain relaxed profitability and operating...
Several agriculture lobby groups jointly appealed for President Rodrigo Duterte to withdraw his recommendation to increase the Minimum Access Volume (MAV) for pork by 350,000 metric tons (MT) as this may cause further damage to the local hog industry. The groups also asked Duterte to shelve another...
The local stock market rose as bargain hunters picked up shares late in the session on the back of gains in the US. PSE file photo The main index rose 52.06 points or 0.81 percent to 6,495.15 with only the Property sector retreating. Volume dropped to 1.85 billion shares worth P5.36 billion as...
San Miguel Corporation (SMC) is stepping up its ongoing food assistance program for poor communities affected by stricter quarantine protocols by extending it to nearby provinces beyond Metro Manila such as Cavite and Laguna. In a statement, SMC President Ramon S. Ang said that, as soon as delivery...
The Development Bank of the Philippines (DBP) granted a P100-million revolving credit line to Centro Manufacturing Corporation (CMC) to finance its assembly of truck bodies, automotive parts and accessories. The loan will support the production of 3,000 units of various types of trucks and...
