Palay production for the third quarter is projected to rise by 18 percent year-on-year to 3.93 million metric tons, largely driven by a surge in output from rainfed areas, according to the Philippine Statistics Authority (PSA).
The Philippines’ total rice inventory at the start of August was estimated at 2.32 million metric tons, up 25 percent compared to the 1.86 million metric tons recorded in the same period last year, according to the Philippine Statistics Authority (PSA).
The country’s palay and corn production for the second quarter is projected to record double-digit increases, the latest estimates of the Philippine Statistics Authority.
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Palay and corn production are poised for significant growth in the second quarter of 2025, latest estimates by the Philippine Statistics Authority showed.
National rice stocks at the start of May were estimated at 2.37 million metric tons, marking a 14 percent increase compared to the same period last year. This growth was primarily driven by the aggressive palay procurement efforts of the National Food Authority (NFA).
The Bistro Group, following its acquisition by Bounty Fresh Group Holdings affiliate Inoza Business Holdings Inc., is convinced that Filipinos still have a healthy appetite for dining out, and is investing nearly P1 billion to make sure there are more tables waiting.
The Philippine Stock Exchange (PSE) has appointed three new members to its board of directors during its recent annual stockholders’ meeting, while keeping top officials in their posts.
Batangas II Electric Cooperative Inc. (Batelec II) has approved a public bidding or Competitive Selection Process (CSP) to review proposals for private sector participation in its power distribution operations.