Farm sector growth seen slower in H1

MANILA, Philippines — The agriculture sector is expected to post slower growth in the first half as an offshoot of the typhoons that hit the country at the t.....»»

Category: financeSource: philstar philstarJan 10th, 2018

Farm sector growth seen slower in H1

MANILA, Philippines — The agriculture sector is expected to post slower growth in the first half as an offshoot of the typhoons that hit the country at the t.....»»

Category: financeSource:  philstarRelated NewsJan 10th, 2018

PH manufacturing gains pace in April

THE Philippine manufacturing sector continued to gain momentum in April but the pace of growth was still slower compared to a year ago, as inflationary pressures remained elevated, an IHS Markit/Nikkei survey found. Results released on Wednesday showed a seasonally adjusted Purchasing Managers’ Index (PMI) of 52.7 for the month, a marginal improvement from March’s 51.5 but [...] The post PH manufacturing gains pace in April appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsMay 2nd, 2018

NCR jobs growth slower in Q4 — PSA

Employment in Metro Manila grew at a significantly slower pace in the fourth quarter of 2017, with most of the new hires seen in the services sector, the Philippine Statistics Authority (PSA) reported......»»

Category: financeSource:  philstarRelated NewsApr 28th, 2018

New law gives free irrigation for farmers

PRESIDENT Rodrigo R. Duterte on February 2 has signed into law Republic Act No. 10969, which grants free irrigation to farmers and condones unpaid irrigation fees. The Free Irrigation Act would help “sustain the farm sector’s turnaround, which posted a 3.97% growth last year, after posting a 1.4% dip in 2016,” Senate President Pro Tempore […] The post New law gives free irrigation for farmers appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsFeb 9th, 2018

The Mindanao Trust Fund: Supporting Reconstruction and Development in Conflict-affected areas in Mindanao

MAGUINDANAO – Conflict-affected communities in Mindanao are among the poorest in the Philippines suffering from poor infrastructure and lack of basic services, including education and health, weak local governance, and minimal private sector investment, according to a report by the World Bank. It said insecurity has been a major challenge. Frequent armed clashes driven by multiple and inter-related forms of conflict—insurgent groups, clan disputes, and quasi-ideological criminal banditry—have created severe economic dislocation and displacement of people. Armed conflict and poverty are inextricably linked. The Autonomous Region in Muslim Mindanao (ARMM), one of the most heavily conflict-affected regions, has poverty incidence of 52.9 percent, almost double the national average. Based on the peace deal with the Philippine government in 2012, the Moro Islamic Liberation Front (MILF) is expected to transition into a social and political movement. One of the key challenges for a successful transition is to help the MILF build development planning, budgeting, and public administration skills within its ranks. The Mindanao Trust Fund or MTF works to enhance access to services and economic opportunities and build social cohesion while enhancing the capacity of local institutions in conflict-affected areas. It supports the Bangsamoro Development Agency (BDA), the development arm of the MILF. Based on a 2001 agreement between the Government of the Philippines and the MILF, the BDA is tasked to determine, lead, and manage relief, rehabilitation, and development projects in the conflict-affected areas. It’s a unique project that enables various stakeholders—government, the World Bank, and other development partners—to work with a revolutionary movement in delivering development results even before the signing of a final peace agreement. With an enhanced role of women, the program helps the BDA to deliver community development and income-generating subprojects in communities. This enhances access to basic services such as clean water, roads and day care centers. BDA also works to strengthen community enterprises for employment and income generation. The community-based approach brings people from different groups—Muslims, Christians, and Indigenous Peoples—together for the common good, building social cohesion and trust. Over time the program has expanded beyond community development to assist the BDA to develop skills in macro-development planning. A broad package of engagement complements the MTF promoting inclusive growth across Mindanao. For example, US$121 million for farm-to-market roads in Mindanao is included in the nation-wide PRDP while the National Community Driven Development Project is financing US$190 million for CDD activities in Mindanao. Over a decade, 650,000 people (52% of whom are women) in 284 villages have benefitted from 641 subprojects financed by the MTF. The subprojects have included water systems, community centers, sanitation facilities, access roads, post-harvest facilities, and farming and fishing equipment. Eighty-six percent of the beneficiaries say that the project reflected their needs. The subprojects have reduced travel time to market, increased agricultural productivity, reduced post-harvest costs, and increased access to basic services such as clean water. Beneficiaries of income-generating subprojects reported a 10 to 20 percent increase in incomes. About 330,383 women beneficiaries learned skills in community planning and implementation. And 42 community enterprises in 11 villages have been trained in business development to generate sustainable employment and income. The Bangsamoro Development Agency has evolved from a small group of volunteers with no development experience to a leading development agency in Mindanao with 300 staff across seven regional management offices. BDA cooperates with multiple national and international partners, including JICA, WFP, and UNICEF. Bangsamoro Development Plan: the MTF provided technical assistance to help the BDA formulate the first comprehensive economic development blueprint prepared by a non-state armed group. Under the Alternative Learning System project, about 1,832 former combatants, housewives and out-of-school youth reported increased confidence because of improved reading, writing and numeracy abilities. These contributed to their more active participation in community meetings, stronger support for their children’s schoolwork, and better fair farm pricing transactions in city markets. The MTF has remained an important mechanism for consolidating peace and development in Mindanao. Beyond the impact of subprojects at the community level, the program’s ability to converge government and international support to empower Bangsamoro people and institutions to lead in community development seeks to lay the foundation for future sustainable and inclusive development in the Bangsamoro. The program fostered social cohesion by creating spaces for dialogue between Muslims, Christians, and Indigenous Peoples, as well as a diverse mix of local, regional, and national institutional actors. In many remote locations, the project provided the only opportunity for different groups to interact. The increased familiarity built mutual understanding—the basis of trust. Project policies also ensured active and meaningful participation of indigenous peoples and women, who are often otherwise marginalized from decision-making processes at the village level. The participative approach fostered social unity and built trust among stakeholders. In tri-people communities, minority groups shared better understanding and more harmonious relations with Muslims due to the consensus-building nature of CDD/CDR. While residents of remote communities—who had had little to no government access—disclosed growing trust towards government institutions at the end of the project due to the assistance provided by officials. The Bank’s technical and analytical support through the MTF and other engagements supporting peace and development in Mindanao have produced a significant body of literature that helps inform policy dialogues among various stakeholders. For instance, the Land Conflict study prepared for the Transitional Justice and Reconciliation Commission provides short- and medium-term recommendations that can help address land conflict in Mindanao. Also, the Public Expenditure Review in […].....»»

Category: newsSource:  mindanaoexaminerRelated NewsJan 26th, 2018

Agriculture output growth slows

By Janina C. Lim Reporter GROWTH of farm production eased last quarter from the preceding three months and a year ago as crops’ and livestock’s slower annual expansion and a smaller fisheries output offset an acceleration in poultry’s increase, according to data the Philippine Statistics Authority (PSA) released on Wednesday. Value of farm output growth […] The post Agriculture output growth slows appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsNov 16th, 2017

Agriculture growth slows significantly in Q3

MANILA, Philippines — The country’s agriculture sector grew by only 2.32 percent in the third quarter, slower than the three percent growth recorded in the s.....»»

Category: financeSource:  philstarRelated NewsNov 15th, 2017

Industry posts slower revenue growth in Q2

THE domestic industrial sector marked slower gross revenue growth in the second quarter amid an acceleration in employment and compensation. The Philippine Statistics Authority (PSA) on Friday said gross revenue growth for industries was 7.4 percent for April to June, down from 8.4 percent a year earlier. “Real estate posted the fastest growth across industries [...] The post Industry posts slower revenue growth in Q2 appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsOct 20th, 2017

Factory growth eases in April

MANILA, Philippines - The manufacturing sector sustained its growth in April although at a slower pace, the Philippine Statistics Authority (PSA) reported ye.....»»

Category: financeSource:  philstarRelated NewsJun 9th, 2017

Farm sector grows 5.28% in 3 months

MANILA, Philippines - After a year-long decline, the country’s agriculture sector grew 5.28 percent in the first quarter, driven by growth across all sub-sec.....»»

Category: financeSource:  philstarRelated NewsMay 15th, 2017

Philippine manufacturing sector 2nd best performing in Asean

MANILA, Philippines - Despite a slower growth in April, the Philippine manufacturing sector remains the second best performing in the ASEAN region next to Vi.....»»

Category: financeSource:  philstarRelated NewsMay 5th, 2017

Piñol projects positive Q1 farm growth

MANILA, Philippines - The Department of Agriculture (DA) sees farm output growing by two percent in the first quarter driven by an improved crops sub-sector,.....»»

Category: financeSource:  philstarRelated NewsMar 1st, 2017

Philippine mfg sector sustains rapid growth in Oct

MANILA, Philippines – The Philippine manufacturing sector sustained growth in October albeit at a slower pace, according to the latest reading of the Nikkei.....»»

Category: financeSource:  philstarRelated NewsNov 2nd, 2016

Economy: Farm output seen to post growth

THE DEPARTMENT of Agriculture (DA) is looking at a "positive" growth for the country's agriculture in the second half of the year after the contraction seen at end-June, as the office's head pitched legislative priorities for the sector before the House o.....»»

Category: financeSource:  bworldonlineRelated NewsAug 25th, 2016

Domestic liquidity grows slower in June

MONEY SUPPLY increased further in June although at a milder pace from the previous month as growth of private sector loans and claims on the national government slowed, according to preliminary data the central bank released on Friday......»»

Category: newsSource:  bworldonlineRelated NewsJul 30th, 2016

Insurance industry’s premiums climb 34% as life sector grows

THE INSURANCE INDUSTRY booked a double-digit increase in its total premium income in the third quarter, driven by the continued growth of the life insurance sector. Preliminary data based on unaudited reports submitted by life and non-life firms as well as mutual benefit associations (MBA) to the Insurance Commission showed the industry’s total premiums in […] The post Insurance industry’s premiums climb 34% as life sector grows appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 23rd, 2018

Power and Water drive R10’s Industry Growth in 2017

  Coal gains market share, hydropower recovers, oil-fired plants scale down     The Industry Sector in Northern Mindanao (Region 10) grew 5.9 percent in........»»

Category: newsSource:  kagay_anRelated NewsMay 20th, 2018

Semirara sees slower income growth in 2018 over plant shutdowns

MANILA, Philippines – Semirara Mining and Power Corporation , a coal mining and power generating firm owned by the Consunji group, expects slower net income growth this year due to scheduled and unplanned shutdowns of its 4 power plants. Semirara Mining, however, said it will still register positive net income this year, as ........»»

Category: newsSource:  rapplerRelated NewsMay 14th, 2018

Key economic goals attainable

Stakeholders from the government and the private sector agree that recent economic advancements are sustainable and that the targeted gross domestic product growth this year of 7 percent to 8 percent is attainable, if inflationary and labor issues are resolved. In a statement Thursday, Department of Finance Secretary Carlos Dominguez….....»»

Category: newsSource:  journalRelated NewsMay 11th, 2018

PH Likely to Sustain Growth, Stakeholders Agree

Stakeholders from the government and the private sector agree that recent economic advancements are sustainable and that the targeted gross domestic product (GDP) growth this year of 7 percent to 8 percent is attainable, if inflationary and labor issues are resolved. In a statement Thursday, Department of Finance (DOF) Secretary Carlos Dominguez III said the […].....»»

Category: newsSource:  metrocebuRelated NewsMay 11th, 2018