The Philippine Stock Exchange, Inc. (PSE) is adding newly-listed firms in its sector indices while the main PSE index (PSEi) will see no changes in its composition. In a statement, the bourse said these changes are based on the regular stock performance review for the January to December 2020...
In a bid to boost the country’s fisheries output, the Philippine government is amenable to the private sector’s proposal to set up aquaculture sites within protected areas and dams across the country. This came two weeks after advocacy group Tugon Kabuhayan started pushing for the crafting of...
An aquaculture firm is now awaiting the approval of the National Irrigation Administration (NIA) for its unsolicited proposal to breed and harvest fish and other seafood products in Pantabangan Dam, one of the largest dams in Asia. This, while the advocacy group Tugon Kabuhayan started pushing for...
Alsons Consolidated Resources, Inc. (ACR) is planning to raise P2 billion from the issuance of commercial papers (CPs) as the first tranche of its new commercial paper program of up to P3.0 billion. In relation to this, Philippine Rating Services Corporation (PhilRatings) said it has assigned...
Food and agriculture exporters from other countries selling their products to the Philippines save millions of money because of the government's lenient food safety regulations, a local exporter said. Norberto Chingcuanco, co-convenor of Tugon Kabuhayan, said that while local exporters...
Complementary measures are needed to ensure food and livelihood security for municipal fisherfolk and commercial fish workers in the Philippines during the closed fishing season, according to the international organization Oceana. In a statement, Oceana has called for the implementation of sardines...
The Department of Environment and Natural Resources (DENR) had just started its post-Typhoon Ulysses audit of all quarry and crushing plant operations in Rizal, but listed ATN Holdings Inc. (AHI) is already calling on the government to lift the suspension on the operations of its crushing plant in...
Despite the COVID-19 pandemic, the Philippine government is still determined to award the country’s best mining companies. A Mines and Geosciences Bureau (MGB) memorandum showed that the agency, tasked to regulate and develop the country’s mining sector, has already started the nomination...
Axelum Resources, the country’s leading fully-integrated manufacturer and exporter of coconut products, is expecting its coconut milk powder segment to fuel revenue growth. In a disclosure to the Philippine Stock Exchange, the firms aid organic coconut milk powder is a fine, creamy white...
GCash, the digital financial services firm of Globe Telecom, Inc., will fund a massive government-led re-forestation of Ipo Watershed, which is one of Metro Manila’s sources of freshwater. A statement showed that through donations generated from GCash, the Department of Environment and Natural...
The Philippine government has welcomed the scorecard that several civil society groups have put out for the monitoring and evaluation of policy interventions within designated fisheries management areas (FMA) in the country. The FMA Scorecard is intended as a tool to monitor and recommend measures...
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...
