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Meat imports surge in 2024, reflecting shifting consumer demand and economic impact
The country's meat imports posted a significant increase in 2024, reflecting growing demand and shifts in consumer preference, according to data from the Bureau of Animal Industry (BAI). From January to November 2024, the Philippines imported 1.33 billion kilograms of meat, marking a 19.4 percent rise from the 1.12 billion kilograms imported in the same period of 2023.
DMCI Homes hiring 1,000 workers for Cebu project, boosting local economy
DMCI Homes, a subsidiary of DMCI Holdings, announced on Tuesday that it will hire over 1,000 skilled workers for its inaugural residential condominium development in Cebu City, the Kalea Heights.
LTFRB studies P15 minimum fare petition amid rising costs for commuters and drivers
The Land Transportation Franchising and Regulatory Board (LTFRB) is reviewing a petition from various transport groups seeking a P15 minimum fare for public utility jeepneys, a move that could impact the daily commute of millions of Filipinos.
BOP deficit in December 2024 reflects economic shifts, but overall surplus signals resilience
The country's balance of payments (BOP) position, or what is left after Manila's foreign-currency expenses are deducted from its foreign currency earnings, posted a significant shift in December 2024, registering a deficit of USD1.5 billion, reversing the USD642 million surplus seen in the same month of 2023.
DA projects record palay output despite challenges
The Department of Agriculture (DA) is optimistic about surpassing last year's rice production figures, with projections aiming for a new record in palay output this year.
