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Restore some NFA functions in RTL extension, DA urges Congress

Agriculture Context.ph Context.ph -
The Department of Agriculture on Monday urged Congress to restore the National Food Authority's function as a rice price stabilizer and increase its fund allocation for programs to enhance rice production and farmers’ incomes as lawmakers’ deliberate on measures seeking to extend the Rice Tariffication Law.

Thin margins narrow MerryMart 2023 income

Corporate Context.ph Context.ph -
MerryMart Consumer Corp. on Monday reported 2023 income falling 28 percent to P406.81 million from previous year’s P569.75 million on thinning margins of its wholesale business. 

Easter holidays undermine Wilcon earnings in 1Q

Corporate Context.ph Context.ph -
The extended Easter holidays in March this year undermined sales of Wilcon Depot, Inc., the country’s leading home improvement and finishing construction supply retailer, sending its first quarter-net income falling 23 percent to P740 million.

Settlement claims, asset sale proceeds help boost ICTSI 1Q income 36% higher

Corporate Context.ph Context.ph -
The International Container Terminal Services, Inc. (ICTSI) reported a strong first-quarter performance this year with net income jumping 36 percent to USD209.88 million. 

Treasury bill yields ease at auction on strong demand

Banking & Insurance Context.ph Context.ph -
Treasury bill yields were lower at the auction Monday, with demand for shorter-dated government securities strong ahead of the release of April inflation data.
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DA expands Isabela LGU tie-up to boost ube production, raise farmer incomes

Agriculture 0
The Department of Agriculture is strengthening its partnership with local government units and private stakeholders to scale up ube production, meet rising global demand, and create more export opportunities for Isabela farmers.

GSIS opens new Dagupan branch

Corporate Bulletins 0
The Government Service Insurance System or GSIS has opened its new Dagupan branch, replacing the old facility that had served the province since 1961. The new office at Cityscape Lifestyle Center is flood-free, more spacious, and modern, serving over 73,000 members and pensioners across Pangasinan.

September WESM prices rise 3.1% nationwide, set to reflect in October bills

Energy & Mining 0
Electricity prices at the Wholesale Electricity Spot Market climbed 3.1 percent in September, according to the Independent Electricity Market Operator of the Philippines. The Independent Electricity Market Operators of the Philippines or IEMOP reported Tuesday that the national average hit P7.43 per kilowatt-hour as of September 25, up from August’s P7.21 per kWh. It said the rates will be used to calculate spot-market electricity costs billed this October.

Rockwell joins expanded 4PH to widen homeownership access

Property 0
Rockwell Land Corp. has joined the government’s Expanded Pambansang Pabahay para sa Pilipino (4PH) Program, agreeing to offer preferential housing prices and incentives to qualified Pag-IBIG Fund members as the administration seeks to widen access to homeownership among working- and middle-class Filipinos.
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