The government’s move to impose a floor price for rice purchases by state agencies is expected to set a strong benchmark that will raise farmers’ incomes and strengthen the National Food Authority’s (NFA) role in ensuring fair grain prices, Agriculture Secretary Francisco P. Tiu Laurel Jr. said Wednesday.
The Philippines is stepping up agricultural ties with Türkiye, targeting stronger trade in poultry, seafood, and tropical products while boosting Halal-certified feed production. A recent meeting between represenatives of the Department of Agriculture and the Turkish Embassy focused on enhancing food security and opening new markets for high-value Philippine exports.
Discovery Capital Finance Corp. (DCFC) and fintech company KreditHero, Inc. have announced a nationwide partnership to expand access to financing for small and medium enterprises (SMEs) across the Philippines. The collaboration combines Discovery Capital’s lending experience and network with KreditHero’s digital technology and wide reach, aiming to make it easier and faster for entrepreneurs to secure funding.
The governments of the Philippines and South Korea have opened new rice seed processing and cold storage facilities at the Department of Agriculture–Philippine Rice Research Institute (PhilRice) in Muñoz, Nueva Ecija. The project marks PhilRice’s 40th anniversary and aims to modernize the country’s rice seed supply chain.
San Miguel Corp. (SMC) has partnered with the provincial government of Laguna to expand its river cleanup and restoration program aimed at reducing flooding across the province.
Aurora Pacific Economic Zone and Freeport (APECO) is rolling out a P220-million infrastructure blitz to turn Northern Aurora’s Dinalungan–Casiguran–Dilasag (DiCaDi) corridor from postcard potential into an investable tourism gateway.
Bank lending continued to expand in November, reflecting steady access to credit for businesses and households and supporting overall economic activity.
The Government Service Insurance System (GSIS) is studying a Philippine Stock Exchange (PSE) proposal to allow pension fund members to access stock loans and other financial products, signaling potential support for initiatives that could expand retirement investment options and strengthen the local stock market.
The Philippine Competition Commission (PCC) and the Land Transportation Franchising and Regulatory Board (LTFRB) are teaming up to shake up public transport.