While imports picked up from its August decline, exports and factory output continued declining to a two-month low mainly due to seasonal demand shifts, the Philippine Statistics Authority (PSA) reported Wednesday, Nov. 6. Total exports in September 2024 were valued at $5.96 billion, showing an 8.9...
In a small town in Albay, the marine environment houses diverse aquatic species crucial for biodiversity. Unfortunately, the climate crisis is set to worsen the reduction of diversity in marine ecosystems, which prompts the need to adopt sustainable practices and preserve with urgency the resources...
The Philippine Statistics Authority (PSA) said the estimated palay production may decline in the third quarter, while corn output is expected to increase. Based on the PSA’s latest production estimates for the July to September 2024 quarter palay production is expected to fall by 12 percent to...
The squeeze on consumers’ pockets at the pumps will be leaner after all as global oil prices suddenly crashed at end-week trading on Friday (September 27), according to the oil companies. The industry players estimated that gasoline price increase had softened to P0.10 to P0.50 per liter,...
TACLOBAN CITY – The provincial government has partnered with TAO Corp. to focus on a large-scale project to increase rice production in Northern Samar province. TAO Corp. has identified 500 hectares of potential land for rice production, particularly in the municipalities of Laoang,...
The output of fish products declined by 6.2 percent to 1.02 million metric tons during the second quarter of the year from 1.08 metric tons last year, based on data from the Philippine Statistics Authority (PSA). “Decrease in production was noted from marine municipal fisheries, inland municipal...
BY MYRNA VELASCO The ongoing geothermal exploration and development activities of the Sy-led Philippine Geothermal Production Company, Inc. (PGPC) will beef up the country’s baseload power capacity by up to 400 megawatts (MW), once the steam output would already be fed into offtaker-generating...
The Department of Agriculture (DA) is expecting around 3.64 million metric tons of rice inventory for this year, which it said, is equivalent to 93 days of national consumption. The figure is almost 100 percent higher than the rice inventory recorded in December last year at only 1.9 million metric...
The Philippine Statistics Authority (PSA) reported that rice and corn production is expected to decrease in the third quarter of this year. As of May, palay or rice production is estimated to drop by 8.4 percent to 3.89 million metric tons between April and June from 4.25 million MT in the same...
Factory output posted a positive annual growth in April due to strong production of food and refined petroleum products, the Philippine Statistics Authority (PSA) reported Friday, June 7. In its Monthly Integrated Survey of Selected Industries (MISSI), the PSA said the country's volume of...
The Department of Agriculture (DA) said it is committed to its goal of producing 20.44 million metric tons of palay this year despite the impact of El Nino. In a statement, Agriculture Undersecretary Chris Morales said that they are optimistic about achieving this target, especially with the...
The rollercoaster ride on oil price adjustments will have favorable turn for gasoline users this week, as the price of this commodity will be on rollback, based on the estimates of the industry players; while diesel and kerosene will track price uptrend. According to the oil companies, the price of...
