Banking & Insurance

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.