As a result of the government’s decision to regulate the issuance of import permits on rice, the Philippines will now end the year with slightly lower imports of the staple. Despite this, the country is still poised to retain its status as the world’s top rice importer. In its latest report on...
The Philippines and Hungary signed three memorandum of understanding and agreed to push further bilateral economic relations with targeted sectors for cooperation, particularly startups, at the recent Second Session of the Philippine-Hungarian Joint Commission on Economic Cooperation held in Makati...
The Philippines has been advised to push for a more doable sectoral bilateral trade agreement with the US before rolling to a more comprehensive free trade agreement, if not push for a wider US-ASEAN FTA under the new Biden administration. Amb. Michael W. Michalak, senior vice-president and...
Typhoon Ulysses’ damage and losses to the agriculture sector grew to P12.8 billion, from the previously reported P4 billion, due to production losses at farm commodities like rice, corn, high-value crops, among others. This is according to Department of Agriculture (DA) Spokesperson Noel Reyes,...
The Department of Agriculture’s (DA) senate-approved budget for 2021 is P86 billion, which is only 30 percent of the agency’s original budget proposal of P280 billion. In a statement, DA said the senate in a plenary session approved the proposed P85.58-billion budget of the DA, including those...
Fishermen in Bicol region, which was badly hit by Ulysses and Rolly, are worried that if they won’t be able to recover from the recent typhoons fast enough and fix their boats, they will stay hungry until February next year. Lagonoy Gulf Integrated Fisheries and Aquatic Resources Management...
Dismayed over the Philippines disaster responses in the recent typhoons, Business groups have urged Filipinos to move in an efficient fashion in partnership with local government units to mitigate the impact of climate change. “We express serious concern about the state of our...
A large majority (92%) of Filipinos postponed big ticket purchases during this pandemic period and instead spent most of their time socializing with family over social media and online streaming shows, according to a study. Marianne Mendoza, head marketing UPS for Indonesia and...
The APEC Business Advisory Council (ABAC) Philippines has urged the 21-member countries of the Asia Pacific Economic Cooperation to accelerate cooperation leveraging digital technologies to overcome further decline as economies continue to battle the impact of the pandemic. In a recent virtual ABAC...
To comply with the reserve requirement, banks have released P14.9 billion more loans to micro, small and medium enterprises (MSME) for the month of September alone, based on Bangko Sentral ng Pilipinas (BSP) data. MB file photo. This brings the average daily balance of bank loans to MSMEs to P120.9...
The Department of Trade and Industry (DTI) is incentivizing local enterprises for them to adopt to digital technologies because while majority of enterprises are aware of the need to transform digitally many of them are facing various constraints, particularly the lack of capital. DTI...
It’s a gathering of almost anything and everything Filipino in the 4th edition of the Pista ng Pelikulang Pilipino (PPP) that features at least 145 titles — 67 full-length films and 78 short films. The Film Development Council of the Philippines (FDCP), as organizer of the PPP, extends the call...
