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 United States Trade Representative (USTR) has maintained the Philippines' allocation of 145,235 metric tons (MT) of raw cane sugar under the World Trade Organization (WTO) tariff-rate quota (TRQ) system for fiscal year 2026, covering the period from 1 October 2025 to 30 September 2026.
The Securities and Exchange Commission (SEC) is pushing for the strict enforcement of a cumulative nine-year term limit for independent directors in publicly listed companies, signaling a stronger stance on corporate governance reform.
PLDT Inc. is seriously considering divesting its stake in its data center business, following renewed interest from major multinational firms, according to chairman and CEO Manuel V. Pangilinan.
Fuel prices in the Philippines are set for another set of adjustments starting Tuesday, with gasoline costs expected to rise while diesel and kerosene see price cuts, impacting business operations and household budgets.