The local stock market ended slightly weaker even after the government announced that the economy shrank by a lower rate in the last quarter. The main index shed 11.77 points or 0.17 percent to close at 6,851.84 with only the Property and Holding Firms counters remaining in the green. Volume...
Hit by calamities in 2020 A “perfect storm” – comprised of a series of typhoons, COVID-19 lockdown restrictions, the persistence of African Swine Fever (ASF), among other unfortunate scenarios – has challenged the agriculture sector in 2020, bringing down the total full-year output at -1.2...
The first batch of the P65 billion LRT- 1 Cavite Extension Project's 120 train cars from Spain and Mexico are now in the country. After 19 years of delay, the project is turning into reality, Department of Transportation (DOTr) Secretary Arthur Tugade yesterday announced during the trains' arrival...
The Philippine Association of Meat Processors Inc. (PAMPI) is asking President Rodrigo Duterte to authorize limited importation of up to 50,000 metric tons (MT) only at zero tariff at zero. MB file (Photo by Keith Bacongco) This developed as the group was not convinced by the proposal of the...
The Department of Transportation (DOTr) ordered round-the-clock construction of the P16.3 billion Cebu Bus Rapid Transit (Cebu BRT) so a crucial segment can operate within 2021. In a meeting last week, Transport Secretary Arthur P. Tugade declared he wants Package 1 of the Cebu BRT to be partially...
Even if the implementation of a price freeze on farm commodities from November to December failed to stop the cost of pork and chicken from rising, the government is still keen on resorting to the same strategy, which is hoped to be finalized within the week. In a virtual briefing on Monday,...
The Philippine government is hoping to end the more than a decade of non-compliance with the Agri-Agra Act, which requires private banks to lend a portion of their funds to farmers and fishermen. This, as the government finally issued the amended implementing rules and regulations (IRR)...
The Bangko Sentral ng Pilipinas (BSP) said it has fully awarded its 28-day bills offered at P100 billion. The BSP securities auction received P162.80 billion tenders on Friday, lower than January 15’s P167.25 billion bids. The BSP bills fetched a lower average rate this week of 1.6362 percent...
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...
The Department of Agriculture's (DA) National Tobacco Administration (NTA), which currently operates a state-owned meat processing facility in Ilocos Sur, will set aside P10 million to augment the facility's operations. This, according to DA, is hoped to help stabilize the supply and price of pork...
Amid low farm-gate prices, farmers are also suffering from the rising retail cost of farm commodities, a farmer-leader said. In a virtual briefing on Wednesday, Joseph Canlas, Alyansa ng mga Magbubukid sa Gitnang Luzon, said farmers don't benefit from the rising retail cost of some food...
The Department of Agriculture (DA) said it is strengthening its laboratory network system in its continuing fight against infectious animal diseases. "We are adopting an integrated 'OneDA' laboratory masterplan that incorporates international bio-risk management standards and best practices on...
