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Wider margins, lower loan provisions boost PNB profit
Wider margins and lower provisioning for potential loan losses helped boost the profit of Philippine National Bank by 55 percent to P17.97 billion in 2023......»»
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.....»»
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.....»»
Government OKs higher 60,000 MT potato imports at lower tariff
The Philippines has allowed the entry of more imported potatoes used for making chips and french fries at a lower tariff to meet the growing demand for the raw material by local snack manufacturers......»»
Salt Substitutes Lower Risk of High Blood Pressure by 40% – The Daily Guardian
New Study Finds Salt Substitutes Can Lower the Risk of High Blood Pressure Excessive salt consumption has long been recognized as a major risk factor.....»»
Power rates down by P0.37/kWh for Feb-Mar billing
High on love but low on power rates! Valentine’s Day for residential consumers of Visayan Electric is expected to be sweeter as electricity rates for the billing month of February-March will be P0.37/kWh lower compared to last month. This decrease, bringing the total rate down from last month’s P11.62/kWh to P11.25/kWh, is attributed to lower.....»»
Surge in consumer spending seen this year
Consumer spending in the Philippines is expected to surge this year due to easing inflationary pressures, healthy employment conditions and lower borrowing costs, according to BMI Country Risk & Industry Research......»»
Completion of new projects boosts ALLHC’s hopes this year
The completion of new projects is seen boosting the financial performance of AyalaLand Logistics Holdings Corp. (ALLHC) this year after lower revenues pulled down the company’s earnings in 2023......»»
Higher consumption seen to drive GDP growth faster
The Philippine economy is expected to grow at a faster pace this year with the record-high employment and lower inflation likely to support consumption spending, according to First Metro Investment Corp. (FMIC) and University of Asia and the Pacific (UA&P) Capital Markets Research......»»
Economy seen growing by 6.2 percent this year
Philippine economic expansion may pick up in the coming months, with growth seen averaging 6.2 percent this year, well within the government’s six to seven percent target, according to BMI Country Risk & Industry Research......»»
BSP seen to cut rates by 100 bps this year
The Bangko Sentral ng Pilipinas is seen slashing interest rates by as much as 100 basis points this year as easing inflation could support the growth of the country’s banking sector in the next two years, Fitch Ratings said......»»
Juvenile sharks seen frolicking in shores of Santander, Cebu
CONSOLACION, Cebu – Juvenile sharks were seen frolicking off the shores of Santander town in the southernmost tip of Cebu on Tuesday, February 13. Cris Ungab Oniong captured on video the juvenile sharks seemingly playing on the shallow portions of the town’s shore when he visited Santander. The video showed the sharks swimming along the.....»»
Newly inaugurated roads in Dalaguete seen to help farmers
Newly inaugurated roads in Dalaguete seen to help farmers.....»»
Climate change made April heat in Asia hotter, more likely — scientists
Exceptionally hot weather across Asia triggered health warnings, forced thousands of schools to close down, killed hundreds of people, and damaged crops......»»
Schools close and crops wither as historic heatwave hits south-east Asia - Extreme heat
Governments across region grappling for response as temperatures soar to unseasonable highs Thousands of schools in the Philippines have stopped in-person classes due to unbearable heat. In Indonesia, prolonged dry weather has caused rice prices to soar. In Thailands waters, temperatures are so high that scientists fear coral could be destroyed. A historic heatwave is being experienced across south-east Asia, according to.....»»
DA: Agri damage due to El Niño nears P6B
MANILA, Philippines — The ongoing El Niño drought is still causing serious damage to crops and animals nationwide, with losses now exceeding a third of what the Department of Agriculture (DA) reported just a week ago. As of April 30, the DA stated that the extreme heat and lack of rain had caused agricultural damage amounting.....»»
EDITORIAL — Banning GMOs
Agricultural scientists have been genetically engineering plants for decades, to increase yield, make crops resistant to certain pests or boost certain desirable characteristics. In the 1960s, the International Rice Research Institute or IRRI produced IR8, dubbed “miracle rice” because its high yield was credited for fighting famine in many countries......»»
WATCH: Farmers in upland Cebu City give tomatoes for free as plants wilt
CEBU CITY, Philippines – More than 15,000 kilograms of tomatoes from the upland barangays here will not make it to the markets in Metro Cebu. As the drought continue to devastate farmers and crops in the mountains of Cebu City, farmers in Brgy. Sudlon 2 decided to give the tomatoes for free. According to.....»»
2,000 Cebu farmers benefit from NIA’s irrigation system
An areal view of farmers tending their crops. | Photo from NIA-7 CEBU CITY, Philippines — Thousands of Cebu farmers benefitted from existing irrigation systems of the NIA or National Irrigation Administration the agency’s regional office said. Cebu City Mayor Michael Rama recently declared a “state of calamity” in some mountain barangays in the city.....»»
BAI hit over inaction on crop destruction
The Bureau of Animal Industry (BAI), an attached agency of the Department of Agriculture (DA), has drawn flak for its alleged inaction on the destruction of crops by cattle in Coron, Palawan......»»