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Gov’t sees growth for palay, corn this quarter

PRODUCTION of palay, or unmilled rice, in the Philippines — one of the world’s biggest buyers of the grain — is forecast to increase 5.65% this quarter because of improved yields and increased harvest area, the state statistics agency said on Monday. The Philippine Statistics Authority (PSA) said that production in January-March will probably hit […] The post Gov’t sees growth for palay, corn this quarter appeared first on BusinessWorld......»»

Category: financeSource: bworldonline bworldonlineJan 22nd, 2018

Palay, corn production may still post higher growth in Q1

The country’s palay (unhusked rice) and corn production may still post higher growth in the first quarter, but this has been lowered due to the typhoons that hit the country at the tail end of 2017......»»

Category: financeSource:  philstarRelated NewsApr 16th, 2018

Poll sees Q2 GDP growth still robust

ECONOMISTS expect the country’s economic growth to have stayed robust in the second quarter despite faster inflation, as increased government spending and private investment offset a possible slowdown in household spending, results of a BusinessWorld poll showed......»»

Category: financeSource:  bworldonlineRelated NewsAug 5th, 2018

Moody s sees slower PH growth of 6.6% in Q2

The research arm of debt watcher Moody's expects the Philippine economy to have had grown by a slower 6.6 percent year-on-year in the second quarter partly due to high inflation. The forecast.....»»

Category: newsSource:  philippinetimesRelated NewsAug 4th, 2018

Moody’s unit sees PH growth slowdown

Philippine economic growth likely grew at a slower pace of 6.6 percent in the second quarter, Moody’s Analytics said on Friday, with support having come from domestic consumption and infrastructure-led investments, among others. “Consumer spending is healthy, thanks to steady inflows of overseas worker remittances and a firm labor market,” the Moody’s Corp. unit said [...] The post Moody’s unit sees PH growth slowdown appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsAug 4th, 2018

May sees infra, other capital outlays rise

INFRASTRUCTURE and other capital outlays continued to surge in May, the Department of Budget and Management (DBM) said on Wednesday, backing projections that gross domestic product (GDP) growth caught up with the official target this quarter......»»

Category: financeSource:  bworldonlineRelated NewsJun 27th, 2018

Rody OKs rice imports to augment NFA buffer

By Ted Tuvera and Angie M. Rosales President Duterte has allowed the National Food Authority (NFA) to import 250,000 metric tons of rice amid reports of a shortage in government stock of the staple grain.Inter-agency NFA Council chairman Cabinet Secretary Leoncio Evasco said Mr. Duterte has allowed the importation aside from an expected shipment of 325,000 MT of rice in February.“We have no option but to follow the President to activate the 250,000 MT on standby that will be on top of the 325,000 MT that will arrive anytime this month,” Evasco said.It turns out, however, that Presidential spokesman Harry Roque missed the President’s instruction to Evasco.Talking to reporters at Palace briefing, Roque said there is no need to import rice yet. “The point is, there’s already rice on its way, no need to authorize the standby order of 250,000 MT because there’s more than enough rice on its way to beef up the NFA stock,” Roque said. Claiming that there is no rice shortage, NFA administrator Jason Aquino said he plans to import rice to replenish the buffer stock.Notably, Evasco and Aquino had been at odds with each other on what mode of rice importation should be done.Evasco cited elements inside the NFA that manipulate importation processes to make money from it.Roque said that Evasco has nonetheless the trust of Mr. Duterte.“If he [Evasco] sees that there are rumblings because somebody wants to make money, so be it, but I’m happy that Secretary Evasco is on top of the situation,” Roque said. “He enjoys full trust and confidence of the President, that’s why until now the President has not commented on this issue because he trusts that Secretary Evasco will do what is best,” he added.Binay: ‘Get your acts together’Sen. Nancy Binay, however, urged agriculture officials to get their acts together on the reported shortage in rice supply of the NFA.Binay took note of the conflicting claims of NFA and Department of Agriculture (DA) officials on the status of NFA rice supply in the market.“My call is for them to hopefully talk. They should stop talking behind the back or blaming each other. It’s high time that they talk and settle the forecasting on the country’s rice stock,” she said.“I hope that DA (Department of Agriculture) Secretary (Manny) Piñol, the NFA Council, and the NFA leadership would sit down and discuss this matter. They should give priority to the need of the nation more than the internal issues among the different agencies,” Binay said.NFA spokesman Rebecca Olarte, last week, said that NFA-accredited rice retailers will not be able to sell NFA rice for the time being and confirmed that it has decided to temporarily discontinue issuing NFA rice to accredited retailers due to low supply.Piñol and Evasco belied the rice shortage, insisting that there is no shortfall on the rice supply in the country and they even said that there are enough stocks for consumption for the next 96 days.“My only concern is that we do not need to reach the stage when the poor can’t buy NFA rice. I guess it is a wakeup call for everybody,” said Binay.The senator herself attested the apparent lack in supply of NFA rice as she tried to purchase some for distribution as relief goods and was told that the price increased from P1,400 to P1,600 per sack.Binay supported the move taken by Sen. Cynthia Villar in conducting an investigation on whether there’s “artificial” rice supply shortage to effect an increase in the price of NFA rice in the market.Meanwhile, the government is expecting palay or paddy rice harvest of 3 million metric tons in the first quarter, which will augment the 2.8 million metric ton surplus from 2017, Agriculture Secretary Emanuel Piñol told DZMM.Piñol said there was no shortage in subsidized rice sold by the NFA, adding raising prices due to an alleged lack in supply amounted to “daylight robbery. Jason Faustino.....»»

Category: newsSource:  tribuneRelated NewsJun 7th, 2018

Fitch unit hikes 2018 Philippines growth forecast to 6.5%

BMI Research has upgraded the country’s economic growth forecast, but sees expansion slowing down after a strong performance in the first quarter......»»

Category: financeSource:  philstarRelated NewsMay 18th, 2018

Semirara Mining sees sustained growth

Integrated energy company Semirara Mining and Power Corp. expects to sustain its growth this year despite scheduled and unplanned shutdowns in the first quarter of its four power plants......»»

Category: financeSource:  philstarRelated NewsMay 15th, 2018

DA sees Q2 agri output growth of at least 2%

THE Department of Agriculture (DA) expects a recovery in the fisheries subsector to drive agricultural output growth to above 2% in the second quarter. Agriculture Secretary Emmanuel F. Piñol said he is expecting fisheries to grow in the three months to March, after it posted a 4.61% contraction in the first quarter. He did not […] The post DA sees Q2 agri output growth of at least 2% appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 14th, 2018

Moody’s Analytics sees faster Q1 growth

By Melissa Luz T. Lopez Senior Reporter ECONOMIC GROWTH likely picked up pace last quarter though still slower than 2018’s full-year target, Moody’s Analytics said, citing improving exports that added to the boost from upbeat consumer spending and investments. Philippine gross domestic product (GDP) likely grew by 6.8% year-on-year, the sister company of Moody’s Investors […] The post Moody’s Analytics sees faster Q1 growth appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 22nd, 2018

ING Bank sees 6.7% GDP growth in Q4 of 2017

MANILA, Philippines - Dutch financial giant ING Bank said the Philippines’ economic expansion likely eased in the fourth quarter of 2017 but is still enough.....»»

Category: financeSource:  philstarRelated NewsJan 23rd, 2018

Gov’t ups Q3 GDP growth estimate; Moody’s Analytics sees Q4 slowdown

OVERALL ECONOMIC GROWTH can be expected to have picked up in the fourth quarter from a year ago, though expansion could have eased from the preceding three months, Moody’s Analytics said in a note on Friday, placing the full-year pace comfortably within the government’s 6.5-7.5% target. The Philippine Statistics Authority (PSA) is scheduled to report… link: Gov’t ups Q3 GDP growth estimate; Moody’s Analytics sees Q4 slowdown.....»»

Category: newsSource:  manilainformerRelated NewsJan 20th, 2018

Gov’t ups Q3 GDP growth estimate; Moody’s Analytics sees Q4 slowdown

OVERALL ECONOMIC GROWTH can be expected to have picked up in the fourth quarter from a year ago, though expansion could have eased from the preceding three months, Moody’s Analytics said in a note on Friday, placing the full-year pace comfortably within the government’s 6.5-7.5% target. The Philippine Statistics Authority (PSA) is scheduled to report […] The post Gov’t ups Q3 GDP growth estimate; Moody’s Analytics sees Q4 slowdown appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsJan 20th, 2018

Report sees Q4 GDP off to good start

A CONFLUENCE of bigger state spending, muted inflation and continued recovery of merchandise exports could propel gross domestic product (GDP) growth faster this quarter, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in a joint report. “Infrastructure spending’s 17.8% jump in October and positive exports performance… along with… link: Report sees Q4 GDP off to good start.....»»

Category: newsSource:  manilainformerRelated NewsDec 27th, 2017

Report sees Q4 GDP off to good start

A CONFLUENCE of bigger state spending, muted inflation and continued recovery of merchandise exports could propel gross domestic product (GDP) growth faster this quarter, First Metro Investment Corp. (FMIC) and the University of Asia and the Pacific (UA&P) said in a joint report. “Infrastructure spending’s 17.8% jump in October and positive exports performance… along with […] The post Report sees Q4 GDP off to good start appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsDec 26th, 2017

Crops output seen to sustain growth in Q1

MANILA, Philippines — The country’s production of palay (unhusked rice) and corn is seen to improve next year, banking on better yields and climatic conditio.....»»

Category: financeSource:  philstarRelated NewsDec 6th, 2017

Palay, corn output seen up 10%

PALAY output is expected to rise 10.11% to a record 19.409 million metric tons (MT) this year, the Philippine Statistics Authority (PSA) said in a report on Tuesday. In this final quarter alone, palay production is expected to increase by 6.26% to 7.45 million MT, as yield improvement offsets a contraction of harvest area, the… link: Palay, corn output seen up 10%.....»»

Category: newsSource:  manilainformerRelated NewsNov 22nd, 2017

Palay, corn output seen up 10%

PALAY output is expected to rise 10.11% to a record 19.409 million metric tons (MT) this year, the Philippine Statistics Authority (PSA) said in a report on Tuesday. In this final quarter alone, palay production is expected to increase by 6.26% to 7.45 million MT, as yield improvement offsets a contraction of harvest area, the […] The post Palay, corn output seen up 10% appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsNov 21st, 2017

NEDA chief sees faster Q3 growth

Economic growth likely picked up in the third quarter given improvements in exports, agriculture, investments and consumer spending, a Cabinet official said. “[A result] faster than the first quarter and second quarter growth is something probably easier to say,” Socioeconomic Planning Secretary Ernesto Pernia told reporters on Thursday when asked about the upcoming release of [...] The post NEDA chief sees faster Q3 growth appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsNov 3rd, 2017

Slightly lower crops output seen in Q3

MANILA, Philippines — The country’s production of corn and palay (unhusked rice) is expected to slightly decline in the third quarter compared to earlier pro.....»»

Category: financeSource:  philstarRelated NewsOct 19th, 2017