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Friday, 07 November 2025, 3:04 pm

    Agriculture

    FMR Equity Act could cut 36,000-KM road backlog, DA says

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    The Department of Agriculture (DA) is urging Congress to pass the proposed Farm-to-Market Roads (FMR) Development and Equity Act, aimed at addressing a 36,000-kilometer backlog in rural road infrastructure.

    DA bracing for criticisms ahead of NFA auction

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    Agriculture Secretary Francisco P. Tiu Laurel Jr. is steeling himself for a political firestorm—and a social media onslaught—as the National Food Authority (NFA) prepares to auction off up to 60,000 metric tons of aging rice stocks.

    DA intensifies anti-smuggling drive, urges law reforms for stronger enforcement

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    The Department of Agriculture (DA) has ramped up efforts to combat agricultural smuggling, with P3.78 billion worth of illegal goods seized since January 2024. However, DA Secretary Francisco Tiu Laurel Jr. told the Senate that enforcement gaps in the current law are hindering progress.

    Agricultural trade deficit widens in July

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    The Philippines remained a net importer of agricultural products in July, as total import receipts continued to dwarf exports despite a double-digit surge in outbound shipments, data from the Philippine Statistics Authority (PSA) showed.

    DA dismisses fertilizer fraud claims as “fake news”

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    Agriculture Secretary Francisco Tiu Laurel Jr. has firmly rejected claims by the Samahang Industriya ng Agrikultura (Sinag) of alleged “ghost deliveries” in the Department of Agriculture’s fertilizer distribution program, labeling the accusations as “fake news” and lacking evidence.
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    Context.ph is a business news and features website based in the Philippines. Our goal is to provide readers easily digestible articles to help people better understand the news and make informed decisions.

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    Government bracing for TC Uwan

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    The government is bracing as Tropical Cyclone Uwan (International name: Fund-Wong) barrels toward Central and Northern Luzon, rapidly intensifying and expected to hit super typhoon strength when it makes landfall on Saturday with sustained winds over 205 kilometers per hour, rivaling Typhoon Yolanda. Stretching 1,400 kilometers across, Uwan threatens Metro Manila, all of Luzon, and parts of the Visayas, with 200 to 400 millimeters of rain in just 24 hours. Some 61.6 million people live in its path, including 5.7 million in coastal zones. Authorities have placed disaster and relief teams on full alert, preparing evacuation centers, emergency supplies, and rapid-response units to mitigate flooding, power outages, and other risks from what could become one of the most severe storms in recent history.
    Corporate

    Asiabest Group board approves valuation for target acquisitions

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    Listed firm Asiabest Group International, Inc. (ABG) has approved the valuation of three companies it plans to acquire as part of its expansion program.
    Banking & Insurance

    Banks post steady growth, solid profits — BSP

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    The Bangko Sentral ng Pilipinas (BSP) said the country’s banking sector remained strong and stable in the first half of 2025, backed by steady asset growth and solid profits.
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