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NFA pushes for higher buying price of palay

THE National Food Authority (NFA) in Western Visayas said there is a standing recommendation to increase the government’s buying price of palay to at least P20 per kilo so that the agency can compete with commercial rice traders. NFA-6 Assistant Regional Director Ruben Manatad said the current buying prices of palay range from P20 to […] The post NFA pushes for higher buying price of palay appeared first on The Daily Guardian......»»

Category: newsSource: thedailyguardian thedailyguardianApr 10th, 2018

NFA plans incentives in lieu of higher rice price

THE NATIONAL Food Authority (NFA) council is planning to give incentives to local farmers and cooperatives instead of raising the buying price of palay from P17 to P18 to address concerns over the agency’s depleting rice buffer stock. “The proposal of the council is to give an incentive to our farmers only during these three-month […] The post NFA plans incentives in lieu of higher rice price appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMar 15th, 2018

NFA seeks higher buying price for palay

MANILA, Philippines — The National Food Authority Council is studying the possibility of raising its buying price for palay from P17 to P18 per kilogram in o.....»»

Category: newsSource:  philstarRelated NewsFeb 27th, 2018

Solon cheers planned rise in buying price of palay

A progressive solon called the National Food Authority (NFA) to immediately implement President Duterte’s order to increase the buying of local price of palay from P17 to P20 per kilogram. Solon cheers planned rise in buying price of palay A progressive solon called today the National Food Authority (NFA) to immediately implement President Duterte’s order… link: Solon cheers planned rise in buying price of palay.....»»

Category: newsSource:  manilainformerRelated NewsApr 19th, 2018

Duterte orders increase in NFA buying price for palay

President Rodrigo Duterte has ordered an increase in the buying price of the National Food Authority (NFA) for paddy rice (palay) despite opposition from his economic managers. In a post on Facebook on Tuesday, Agriculture Secretary Emmanuel Piol quoted the President as saying during the Cabinet meeting on Monday that the increase could boost the NFA's buffer stock, which was wiped out earlier this month. "He did not like a repeat of what happened recently when the country's rice agency went low on its buffer stocks whichever led to a spike in the price of commercial rice in the market," Piol said. Filipino farmers first "Buy from the Filipino farmers first and if you cou...Keep on reading: Duterte orders increase in NFA buying price for palay.....»»

Category: newsSource:  inquirerRelated NewsApr 18th, 2018

Key legislator backs P1 hike in NFA rice buying price to boost purchases

SENATOR Cynthia A. Villar on Tuesday urged the National Food Authority (NFA) Council to allow raising the buying price of palay from P17 to P18 in order to address the low inventories held by the grains agency. “We’re recommending that they increase the buying price to P18,” she told reporters after the Senate hearing on […] The post Key legislator backs P1 hike in NFA rice buying price to boost purchases appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsFeb 27th, 2018

NFA defers decision on hike in palay buying price

MANILA, Philippines — The interagency National Food Authority has deferred discussions on a proposal to increase the buying price for unmilled rice or palay......»»

Category: financeSource:  philstarRelated NewsDec 12th, 2017

Seaweed farm gate price up

Average July-September farm gate price of seaweed rose this year to its highest level since 2015, fueled by traders' higher buying price......»»

Category: newsSource:  interaksyonRelated NewsNov 21st, 2017

Piñol backs P3 hike in palay buying price

MANILA, Philippines — The Department of Agriculture (DA) is backing the state-run National Food Authority (NFA)’s proposal to increase its buying price for u.....»»

Category: financeSource:  philstarRelated NewsOct 11th, 2017

Price increase expected in paper-based school supplies — DTI-Davao

NOTEBOOKS AND other paper-based products are expected to increase as consumers begin buying supplies for the school opening in June. “We are expecting the release of SRPs (suggested retail prices) for the school supplies this week, but before its release there are words already that there will be increases in the prices of notebooks and […] The post Price increase expected in paper-based school supplies — DTI-Davao appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 17th, 2018

Bicol urged to raise rice seed output

THE Philippine Rice Research Institute (PhilRice) said farmers in Bicol region need to produce higher-quality seed to increase access to planting material suitable to the growing conditions. PhilRice Genetics Resources Division Head Jonathan M. Niones during the Lakbay Palay Dry Season tour in Ligao City, Albay, said that increased production of quality seed is needed […] The post Bicol urged to raise rice seed output appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 13th, 2018

PXP Energy trims Q1 net loss

PXP Energy Corp. trimmed its losses to P3.7 million in the first quarter, the company said on Thursday, in part because of higher petroleum revenues resulting from an improvement in the price of crude oil during the period. In the same period last year, the company posted a net loss attributable to equity holders of […] The post PXP Energy trims Q1 net loss appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsMay 10th, 2018

IMF sees Philippine inflation to remain above 4% until 2019

The International Monetary Fund (IMF) expects Philippine inflation to remain elevated until 2019, and is even expecting price increases to overshoot the central bank’s target this year. Inflation is seen to hit 4.2% this year using 2012 prices, IMF country representative Yongzheng Yang said via e-mail. If realized, this will log higher than the 2-4% […] The post IMF sees Philippine inflation to remain above 4% until 2019 appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsMay 8th, 2018

Poor feel price pain from TRAIN

For poor families, consumer prices rose at their fastest pace in over three years during the first quarter mainly on the back of higher food, beverage and cigarette costs, the government reported Monday. The latest Philippine Statistics Authority (PSA) data showed consumer price index for the bottom 30-percent income households in the country climbed to 5.3 percent during the January to March period from 2.8 percent a year ago and 3.5 percent a quarter ago. The first-quarter figure was the highest since the 6.8-percent posted in the third quarter of 2014. For the bottom 30-percent income households, the year 2000 is used as base year. "The indices of all the commodity groups pos...Keep on reading: Poor feel price pain from TRAIN.....»»

Category: newsSource:  inquirerRelated NewsMay 2nd, 2018

BSP sees inflation pickup in April

THE BANGKO SENTRAL ng Pilipinas (BSP) expects inflation to have picked up further in April to hit a new peak, with price movements driven by rising oil and power rates. The BSP’s Department of Economic Research gave a 3.9-4.7% forecast range for headline inflation last month. This is “slightly” higher than the 3.8-4.6% estimate given […] The post BSP sees inflation pickup in April appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsApr 30th, 2018

Fed chief Powell’s policy gambit bets job market stays hot, inflation not

FEDERAL RESERVE officials are sounding increasingly confident they can run the US economy hot without a harmful rise of inflation, a risky gamble for Chairman Jerome Powell with unemployment low, price pressures edging higher and fiscal stimulus about to goose growth. An improving outlook for inflation has helped push 10-year US Treasury yields to a […] The post Fed chief Powell’s policy gambit bets job market stays hot, inflation not appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 26th, 2018

Buy while the market stays in the red

Buying while the market is in the red is one of the trading tips regarded as a winning strategy. This was exactly what Dondee Prime, the latest player to actively join the game in the virtual stock trading challenge, had in mind when he submitted a “buy” order for Pure Gold Price, Inc. (PGOLD) for [...] The post Buy while the market stays in the red appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsApr 20th, 2018

COA hits AMLC for splurging on pricey phones

The Commission on Audit (COA) has called out the Anti-Money Laundering Council (AMLC) for buying 16 "high-end" iPhone 7 units for its financial investigators in 2017, which meant it could only buy fewer phones with its budget.   In its annual audit report, COA said AMLC did not comply with its annual procurement plan that provided for the purchase of 24 cell phones at P25,000 each, or a total budget of P600,000.   AMLC instead bought 16 iPhone 7 units at P37,388.88 each, 49.55 percent higher than the approved unit cost. In all, AMLC spent P598,222.08 on the iPhone units.   "There was a reduction in the quantity from 24 to 16, with a difference of eight un...Keep on reading: COA hits AMLC for splurging on pricey phones.....»»

Category: newsSource:  inquirerRelated NewsApr 19th, 2018

Aklan’s palay yield up by 20 percent

AKLAN’S palay production increased by 20 percent in 2017, based on the latest report of Philippine Statistics Authority (PSA)-Aklan. Data showed that the province’ palay production reached 121,797 metric tons (MT) in 2017, higher by 20,326 metric tons compared to 101,471 MT in 2016. Aklan’s yield accounted for almost 6 percent of Western Visayas’ total […] The post Aklan’s palay yield up by 20 percent appeared first on The Daily Guardian......»»

Category: newsSource:  thedailyguardianRelated NewsApr 18th, 2018

Sales of sugary drinks further weaken in February

Sales of sugar-sweetened beverages in supermarkets and sari-sari or convenience stores further soured in February following the first wave of price hikes due to the implementation of higher excise taxes......»»

Category: financeSource:  philstarRelated NewsApr 18th, 2018

Puregold earns P5.84B in 2017

By Arra B. Francia, Reporter EARNINGS of Puregold Price Club, Inc. grew by 5.7% in 2017, backed by a double-digit increase in sales from its chain of supermarkets across the country. In a disclosure to the stock exchange on Monday, Puregold said net income last year stood at P5.84 billion, higher than the P5.53 billion […] The post Puregold earns P5.84B in 2017 appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsApr 16th, 2018