Agriculture secretary Francisco Tiu Laurel Jr. on Monday led an inspection of shipments at the Manila South Harbor and laid bare long suspected fish smuggling operations. The inspection revealed that 19 container vans, initially declared as processed plant-based commodities like taro sticks and sweet potato balls, were actually loaded with frozen mackerel and galunggong or scad.
Agriculture Secretary Francisco P. Tiu Laurel Jr. led an inspection on Monday of one-and-a-half dozen container vans suspected of being loaded with hundreds of tons of frozen fish, but was declared by importers as processed plant-based commodities. A earlier spot check conducted by the Department of Agriculture's Bureau of Plant Industry and the Bureau of Customs on two of the 19 40-foot container vans revealed boxes of frozen mackerels locally known as tamban, and frozen round scad-locally known as galunggong rather than the frozen fried taro sticks, sweet potato balls, and assorted food products from China, as declared in the shipping manifest.
The Government Service Insurance System (GSIS) is studying a Philippine Stock Exchange (PSE) proposal to allow pension fund members to access stock loans and other financial products, signaling potential support for initiatives that could expand retirement investment options and strengthen the local stock market.
The Philippine Competition Commission (PCC) and the Land Transportation Franchising and Regulatory Board (LTFRB) are teaming up to shake up public transport.
Singapore-based Atome, part of Advance Intelligence Group, has raised $345 million through an upsized syndicated debt facility, up from $200 million secured in 2024.
Cebu Landmasters Inc. (CLI) said it has secured approval from the Philippine Competition Commission for the entry of Japanese firm NTT UD Asia Pte. Ltd. as a partner in its Luzon expansion. The deal allows NTT UD Asia to acquire 40 percent of the voting shares of CLI Luzon Ventures Inc., the unit formed to lead the company’s developments in Luzon.