The Department of Agriculture (DA) is stepping up efforts to avert a potential egg shortage and price spike in the Philippines, Agriculture Secretary Francisco P. Tiu Laurel Jr. announced on Friday.
In a move aimed at easing the economic burden on Filipino families, MerryMart Grocery, a subsidiary of DoubleDragon Corp., has officially joined the Department of Agriculture’s (DA) KADIWA ng Pangulo (KNP) program to offer Filipinos affordable rice options.
Foreign investments registered with the Bangko Sentral ng Pilipinas (BSP) through authorized agent banks (AABs) took the high path in 2024, with net inflows totaling USD2.1 billion, a sharp turnaround from the previous year's outflows. This marked a significant 39.2 percent increase from 2023, which saw USD12.9 billion in investments.
Philippine shares were caught in a perfect storm on Friday, with negative market-moving news sending the benchmark PSE Index to a two-year low and into bear market territory.
SM Investments Corporation (SM Investments) and its affiliates SM Foundation, China Banking Corporation, and Watsons have earned 13 prestigious Anvil Awards, solidifying their leadership in corporate communications and public relations. Recognized at the 60th Anvil Awards, the SM Group was lauded for its PR initiatives across a wide array of categories, including investor relations, sustainability, governance, and social impact.
The Philippine peso is again nearing record lows as persistent inflation, geopolitical tensions, and strong US dollar demand continue to pressure local markets. Rizal Commercial Banking Corp. chief economist Michael Ricafort said the peso could retest historic weakness after falling 1.8% this week and approaching the April 30 intraday low of P61.75 against the dollar.
The Department of Agriculture (DA) has warned rice retailers, traders, and importers that violating the government’s newly imposed price ceiling on imported rice could lead to jail time, hefty fines, and even business closures under the Price Act.
The Department of Environment and Natural Resources (DENR), through the Environmental Management Bureau (EMB), has scheduled a public scoping activity for the proposed 97-megawatt (MW) Magat pumped-storage hydro (PSH) project worth P13.5 billion in the provinces of Isabela and Ifugao.
Motorists need to prepare for another round of fuel price increases this week, with both gasoline and diesel expected to become more expensive due to rising global oil prices and renewed tensions in the Middle East.