Tag: Average Rates

Philippine palay production surged to a record second-quarter high, giving the government a timely boost in its bid to stabilize rice prices, although an expected weather-induced slowdown later this year underscores the fragile nature of the gains.

Philippine exporters stand to benefit from faster access to the Australian market after Federal Express Corp. (FedEx) introduced a new dedicated freighter service that shortens delivery times and strengthens regional supply chain connectivity.

The Department of Public Works and Highways (DPWH) has rolled out computer-guided paving technology to speed up the repair of EDSA while delivering better road quality and causing less hassle to the public.

Filinvest REIT Corp., or Filreit, the real estate investment trust of the Gotianun group, reported on Tuesday that its net income for the first six months ending June rose 34 percent to P874 million, up from P650.74 million in the same period a year earlier.