DA expects record-high palay harvest this year despite El Niño
The Philippines may produce a record-high volume of palay or unmilled rice this year of almost 21 million metric tons (MT) despite threats of El Niño on local farms, estimates from the Department of Agriculture showed......»»
At WTO meet in UAE, Philippines expects deals on fisheries, agriculture, climate issues
By Binsal Abdulkader ABU DHABI, 25th February, 2024 (WAM) -- The Philippines expects successful negotiations on fisheries subsidies, agriculture, and climate issues at the World Trade Organisation's (WTO) 13th Ministerial Conference (MC13) in Abu Dhabi, according to Alfredo E. Pascual, the Secretary for Trade and Industry of the Philippines. "I am particularly enthusiastic about welcoming Comoros and Timo.....»»
Exporters see record shipments this year
The country’s export performance could be headed for another record-high level this year, powered by the continued demand for semiconductors and services......»»
Alliance Global Posts Record-Breaking P30-B Net Income in 2023
Alliance Global Group, Inc. (AGI), the holding company of tycoon Dr. Andrew L. Tan, achieved a record-breaking net income of P30.3 billion, up 20% year-on-year despite higher inflation, which pushed overall costs and expenses up during the period. Attributable net profit stood at a new high of P19.6 billion, reflecting a 21% increase from the […].....»»
Fish catch in West Philippine Sea grows despite tensions with China
Despite rising tensions with China, the Philippines expanded its fish catch in the West Philippine Sea (WPS) last year to a four-year high of over 200,000 metric tons on the back of higher state support to fishermen......»»
Shear line damages P172-M worth of agri products, infra in Davao region
DAVAO CITY (MindaNews / 23 January) – The recent heavy rains brought by the shear line destroyed at least P172 million worth of agricultural products and infrastructure in the Davao region. Data from the Department of Agriculture – Davao region (DA-Davao) said the initial damage to palay, corn and other high-value crops reached P145.3 million. […].....»»
Chinese vessels maintain presence in East China Sea near disputed Senkaku islands for record 158 days
Tokyo [Japan], May 29 (ANI): China's Coast Guard ships have been in the waters surrounding Japanese-controlled islands in the East China Sea for a record 158 days, breaking the previous record established in 2021, reported CNN citing Tokyo's most recent count. Analysts worry that the uninhabited islands, called the Diaoyu Islands in China and the Senkaku in Japan, could spark hostilities between the two Asian rivals. "The.....»»
Chinese vessels maintain presence in East China Sea near disputed Senkaku islands for record 158 days
Tokyo [Japan], May 29 (ANI): China's Coast Guard ships have been in the waters surrounding Japanese-controlled islands in the East China Sea for a record 158 days, breaking the previous record established in 2021, reported CNN citing Tokyo's most recent count. Analysts worry that the uninhabited islands, called the Diaoyu Islands in China and the Senkaku in Japan, could spark hostilities between the two Asian rivals. "The.....»»
Abby Clutario, Keiko Necesario take center stage at One Stop Record Fair
Music lovers, audiophiles and record collectors had a feast of their favorite things during the most recent edition of “One Stop Record Fair” held at the Activity Area of Ayala Malls The 30th in Pasig City......»»
Extreme heat scorches parts of north India; New Delhi on high alert
NEW DELHI - Parts of northwest India sweltered under scorching temperatures Saturday, with the capital, New Delhi, under a severe weather alert as extreme temperatures struck parts of the country.India's weather department expects heat wave conditions to persist across the north for the next few days and has put several states on high alert.On Friday, parts of New Delhi reported up to 47.1 degrees Celsius.....»»
Police: No truth to bomb threat at PI’s prayer rally
The Davao City Police Office (DCPO) has debunked a text message claiming a bomb threat at the People's Initiative (PI) “Unity for One Nation, One Prayer” rally in San Pedro Square. The message warned of possible explosions at Rizal Park, one of the rally venues. Despite the lack of credible threats, the police urged vigilance and cooperation from the public for safety. Approximately 300 police personnel were deployed to secure various rally points, with additional support from volunteers and security clusters. Task Force Davao also activated a high alert status as part of the city's security measures. Captain John Louie Dema-ala confirmed that the circulating threat was unfounded and aimed at intimidating rallyists. Despite this, nearly 17,000 Dabawenyos joined the rally to oppose the proposed Charter change (Cha-cha) movement. The police and security forces remain vigilant and are conducting ongoing investigations into the social media threat......»»
LRT-2 operator expects higher revenue this year
The Light Rail Transit Authority is tracking a path to higher revenue this year as ridership is expected to rise further......»»
Philippines expects stable rice price in first half of 2024
MANILA, Feb. 8 (Xinhua) -- The rice supply in the Philippines is sufficient through the first half of this year, ensuring the stable price of the country's main food staple, an agriculture official said on Thursday. Philippine Agriculture Secretary Francisco Tiu Laurel said rice prices may stay elevated through September this year due to concerns over El Nino's impact on global rice supply and heightened demand.....»»
Philippines expects stable rice price in first half of 2024
MANILA, Feb. 8 (Xinhua) -- The rice supply in the Philippines is sufficient through the first half of this year, ensuring the stable price of the country's main food staple, an agriculture official said on Thursday. Philippine Agriculture Secretary Francisco Tiu Laurel said rice prices may stay elevated through September this year due to concerns over El Nino's impact on global rice supply and heightened demand.....»»
DOE expects approval of zero-tariff on all EVs this year
The Department of Energy (DOE) is hopeful that the incentives on the importation of electric vehicles (EVs) will be extended to two-wheeled and three-wheeled units this year to help boost EV adoption in the country......»»
World Bank expects faster growth for Philippines this year
Economic growth in the Philippines is projected to be faster this year than in 2023, but the pace will be lower than the government’s target, the World Bank said in a report......»»
DA to build more Taguig cold storage facilities
The Department of Agriculture plans to construct more cold storage facilities at the Food Terminal Inc. in Taguig City as part of its strategy to address overproduction and minimize post-harvest losses of agricultural products, particularly vegetables and other high-value crops......»»
Deficit-to-GDP ratio seen at 5.9 percent this year
Japanese investment bank Nomura expects the Philippines’ deficit-to-gross domestic product ratio to remain “high” at 5.9 percent this year......»»
Monde Nissin sees sales, earnings growth in 2023
Monde Nissin Corp., the listed snack foods giant, expects core net income to have grown by mid-teens for 2023 with sales expected to have hit a high single-digit year-on-year growth......»»
SM2SM Run 12 this Sunday draws record-breaking 13,000 runners
CEBU CITY, Philippines — A record 13,075 runners will swarm the streets of Cebu City for the annual SM2SM Run that will start and finish at the SM Seaside City Cebu in South Road Properties (SRP) this Sunday. SM Supermalls Regional Operations Manager Anton Del Prado said the 12th edition of one of Cebu’s premier.....»»
Metrobank earns record P42.2 billion in 2023
Metropolitan Bank & Trust Co. posted record-high earnings of P42.2 billion in 2023, driven by asset expansion, higher margins, improving efficiency levels and better asset quality......»»