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Philippines struggles to lower rice price despite ample supply
MANILA, Feb. 16 (Xinhua) -- The Philippines continues to struggle to lower the price of rice despite an ample supply of the national staple, a Philippine agriculture official said Friday. Agriculture Undersecretary Roger Navarro said the Philippines has enough rice supply due to a bumper harvest last year and additional importation in January. "But it's difficult to reduce prices since the cost of the gra.....»»
‘Rice retail prices down by P2/kilo’
The retail prices of rice decreased by P2 per kilo as well-milled rice went down to P52 per kilo compared to the previous P54 per kilo, according to farmers’ group Samahang Industriya ng Agrikultura......»»
Rep. Wilbert Lee: P20 per kilo of rice still possible
CEBU CITY, Philippines — The promise of President Ferdinand Marcos Jr. to lower the price of rice to P20 per kilo remains doable if House Bill No. 9020 or the “Cheaper Rice Act” is passed into law, Agri Partylist Representative Wilbert Lee said. Under his proposed bill, Lee said that the government will have to.....»»
High rice prices to persist until September – DA
Despite sufficient rice stocks in the first half of the year, elevated rice prices may persist until September due to high international prices caused by the El Niño phenomenon, according to the Department of Agriculture......»»
Farmers want tariffication review, cool to rice SRP
Farmers in Central Luzon, considered as the rice granary of the Philippines, are calling for the abolition or review of the Rice Tariffication Law......»»
Philippines’ estimated rice imports rise by 100,000 MT — USDA
In a data report released on Friday, the USDA has increased its estimates for Philippine rice imports in 2024 to 3.9 million MT, higher than the 3.8 MT million forecast last January. .....»»
Philippines gross int l reserves rise to 104.48 bln USD in May
MANILA, June 7 (Xinhua) -- The Philippines' gross international reserves (GIR) rose to 104.48 billion U.S. dollars at the end of May from 102.65 billion dollars at the end of April, the Philippine central bank said Friday. The Bangko Sentral ng Pilipinas (BSP) said the latest GIR level represents a more than adequate external liquidity buffer equivalent to 7.7 months' worth of imports of goods and payments of se.....»»
Philippines gross int l reserves rise to 104.48 bln USD in May
MANILA, June 7 (Xinhua) -- The Philippines' gross international reserves (GIR) rose to 104.48 billion U.S. dollars at the end of May from 102.65 billion dollars at the end of April, the Philippine central bank said Friday. The Bangko Sentral ng Pilipinas (BSP) said the latest GIR level represents a more than adequate external liquidity buffer equivalent to 7.7 months' worth of imports of goods and payments of se.....»»
Philippines gross int l reserves level settles at 103.4 bln USD in April
MANILA, May 7 (Xinhua) -- The Philippines' gross international reserves (GIR) decreased to 103.4 billion U.S. dollars at the end of April from 104.1 billion dollars at the end of March, the Philippine central bank said Tuesday. The Bangko Sentral ng Pilipinas (BSP) said the latest GIR level represents a more than adequate external liquidity buffer equivalent to 7.7 months' worth of imports of goods and payments.....»»
Forex buffer hits 2-year high
The country’s dollar reserves rose to a 23-month high in March due to higher government deposits with the central bank and higher gold prices in the international market, according to the Bangko Sentral ng Pilipinas......»»
Forex buffer hits 2-year high
The country’s dollar reserves rose to a 23-month high in March due to higher government deposits with the central bank and higher gold prices in the international market, according to the Bangko Sentral ng Pilipinas......»»
No intention to close resorts near Mt. Apo
THE Department of Environment and Natural Resources (DENR) said that it is not their intention to close down the resorts near the buffer zones of Mount Apo......»»
Sen. Tulfo raises concern about resorts found near Mt. Apo
SENATOR Raffy Tulfo raises concern about resorts found at the buffer zones of Mount Apo......»»
Philippines dollar reserves slip to $102.67 billion
The country’s foreign exchange buffer slipped to $102.67 billion in February, the second straight month of decline, acccording to the Bangko Sentral ng Pilipinas......»»
Gwen orders to halt Cebu BRT construction in heritage buffer zones
CEBU CITY, Philippines — Gov. Gwendolyn Garcia has ordered proponents of the Cebu Bus Rapid Transit (BRT) to halt civil works near Fuente Osmeña and the Capitol building for heritage protection purposes. Garcia has issued a memorandum, addressed to the Cebu BRT Team and the contractor, Hunan Road and Bridge Construction Group Ltd., to cease.....»»
Philippines forex reserves dip to $103 billion in January
The country’s forex buffer slid slightly to $103.4 billion in January as the government paid its foreign debts and the central bank’s gold holdings took a hit from lower prices in the global market......»»
Serial blunders & low on dough
The National Food Authority or NFA may have enough money to cover pre-funded expenses, but an insider claims they don’t have enough cash to cover salaries and operating expenses. They are, figuratively speaking, low on “dough.”.....»»
Serial blunders & low on dough
The National Food Authority or NFA may have enough money to cover pre-funded expenses, but an insider claims they don’t have enough cash to cover salaries and operating expenses. They are, figuratively speaking, low on “dough.”.....»»
Serial blunders & low on dough
The National Food Authority or NFA may have enough money to cover pre-funded expenses, but an insider claims they don’t have enough cash to cover salaries and operating expenses. They are, figuratively speaking, low on “dough.”.....»»
Early case resolution sought for 141 NFA officials
The resolution of cases against 141 officials and employees of the National Food Authority must be hastened amid the six.....»»