The Department of Agriculture (DA) is now pushing to further expand the minimum access volume (MAV) allocation on pork to 404,210 metric tons (MT) from the current 54,000 MT, a proposal that has already been sent to President Rodrigo Duterte for approval. On Tuesday (Feb. 16), Agriculture Secretary...
The Bangko Sentral ng Pilipinas (BSP) reported Monday that gross international reserves (GIR) dipped to $108.799 billion in January from December 2020’s $110.117 billion due to government withdrawals to pay for foreign-denominated loans, and changes in the price of gold. The BSP in a statement...
Mining operations within the Marikina River Basin should not be blamed for the massive flooding that engulfed some parts of Marikina and Rizal province during the onslaught of Typhoon Ulysses, the deadliest and most destructive typhoon to hit the country in 2020. This was indicated in the recent...
The stock market weakened as investors continued to pocket gains while waiting for more cues to buy up stocks. Photo credit: https://www.pse.com.ph The main index dropped 31.8 points or 0.45 percent to close at 6,959.21 with only the Financials and Mining and Oil counters holding their...
The Department of Agriculture (DA) and Go Negosyo, a group founded by Presidential Adviser for Entrepreneurship Joey Concepcion, will continue their partnership to train and tap more people for agribusiness mentorship. A statement showed that DA and Go Negosyo will continue implementing programs...
The National Economic and Development Authority (NEDA), the country's chief economic development planner, said the country needs to strike a better balance in managing the health and economic threats, particularly in Metro Manila where almost a quarter of its population suffer from hunger. Acting...
The government-funded transport subsidy for hog shipment is now available, but hog raisers must first follow a lengthy process. In a virtual briefing, Arnel De Mesa, assistant secretary for operations of the Department of Agriculture (DA), has discussed the process for availing the P21 per kilogram...
The United States under President Joe Biden has reaffirmed its commitment to its alliance with the Philippines amid the new China law that allows its Coast Guard to attack foreign vessels that would ‘intrude’ in the South China Sea. (AFP / FILE PHOTO / MANILA BULLETIN) This comes as two US...
The Philippine government is eyeing a way bigger minimum access volume (MAV) allocation, or about 388,790 metric tons (MT), for pork. This is just one of the proposals of the Department of Agriculture (DA) in terms of addressing the shortfall in the supply of the commodity as well as bring down its...
Amid the persistent African Swine Fever (ASF) and shortage in hogs supply in the country, San Miguel Corporation (SMC), through its food unit San Miguel Foods (SMF), announced it is rationalizing its Monterey business by transferring its nationwide hog inventory to local raisers. In a statement,...
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...
Despite the tightness in supply, the Philippine government is targeting to bring down the farm-gate price of pork in the country to P165 to P170 per kilogram (/kg), which is nearly double the commodity’s current retail cost of around P350/kg recently recorded at select markets in Metro Manila....
