Irrigation water repurposed as domestic water in Cavite households
The relentless conversion of farmland into commercial areas in the National Capital Region has come to the point where the Water Resource Management Office (WRMO) is forced to sell water meant for irrigation purposes into water for domestic use instead.
Four-month remittances aggregate $12 billion
The personal remittances of overseas Filipinos, an important source of foreign exchange for the Philippines, grew by 2.8 percent in the first four months this year to USD 12.01 billion, the Bangko Sentral ng Pilipinas reported on Monday.
Net exodus of Q1 foreign investments help moderate BOP surplus of only $238 million
The balance of payments (BOP), or what is left of the country's foreign currency earnings minus its foreign currency expenses, stood as a surplus of only USD238 million in the first three months this year, sharply lower than the year-earlier surplus of USD3.5 billion.
Foreign debt nudges higher to $128.7 billion
The country's foreign obligations increased by 2.6 percent in the first three months this year or by USD3.3 billion on the back of greater private sector borrowings, mostly private lenders requiring foreign financing in pursuit of their corporate goals.
DA projects boosted rubber output in five years
The Department of Agriculture (DA) has set aside a 7.48-hectare property in the Zamboanga Peninsula for the research and development requirements of the Philippine Rubber Research Institute (PRRI) as part of efforts to boost the country's rubber production.
