Tag: Department of Agriculture

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Isabela LGU passes landmark rice quality ordinance

Agriculture Context.ph Context.ph -
In a groundbreaking move, the municipality of San Mateo has passed an ordinance aimed at ensuring the availability of safer, higher-quality rice for its residents. The ordinance, approved by the local government and supported by the Department of Agriculture through the Philippine Rice Research Institute (PhilRice), sets a precedent for the country in rice quality assurance.

New pork price cap to take effect in Metro Manila wet markets

Agriculture Context.ph Context.ph -
The Department of Agriculture (DA) will implement a maximum suggested retail price (MSRP) for pork in wet markets across the National Capital Region starting 10 March. The new price cap will set pork liempo at P380 per kilogram, kasim and pigue at P350 per kilogram, and "sabit ulo" (the price traders pass to retailers) at P300 per kilogram.

DA bans poultry imports from 3 US States

Agriculture Context.ph Context.ph -
The Department of Agriculture (DA) has lifted the importation ban on poultry products from France while imposing a temporary ban on imports from the US states of Indiana, New York, and Pennsylvania.

Camarines Norte declared avian flu-free

Agriculture Context.ph Context.ph -
The Department of Agriculture (DA) has declared Camarines Norte free from avian influenza (AI), following effective containment measures and surveillance. DA Secretary Francisco Tiu Laurel Jr. confirmed the resolution of the outbreak, which began last December when the H5N2 strain of AI was detected on a backyard duck farm in Talisay.

DA inspects misdeclared frozen fish

Context Dispatch Context.ph Context.ph -
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.
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CCPI launches bold economic push ahead of 140th anniversary

Corporate Bulletins 0
The Chamber of Commerce of the Philippine Islands (CCPI) has kicked off preparations for its 140th anniversary with a promotional gathering led by its Board of Trustees. The event aims to build momentum for a major conference titled “Actionize the Missions of the Economic Compass Pillars 5 (ECOMP-P5).”

Pru Life UK tops PH life insurance industry anew in 2025

Banking & Insurance 0
Pru Life UK has maintained its position as the top life insurance company in the Philippines, ranking first for the fifth time based on 2025 new business annual premium equivalent (NBAPE) data from the Insurance Commission.

Philippines posts wider external payments deficit, reserves remain strong

Banking & Insurance 0
Philippines posts wider external payments deficit, reserves remain strong Banks/Insurance The Philippines recorded a balance of payments (BOP) deficit of US$2.3 billion in February, bringing the total shortfall to US$2.7 billion for the first two months of the year. The BOP measures the country’s financial transactions with the rest of the world, including trade, investments, and debt payments. A deficit means more money flowed out of the country than came in during the period. Despite the deficit, the country’s gross international reserves (GIR) rose to US$113.3 billion as of end-February 2026, providing a solid financial buffer. This level is enough to cover 7.5 months of imports and service payments, and is 4.3 times larger than short-term external debt, indicating strong capacity to meet foreign obligations. The BOP deficit may reflect higher imports, debt payments, or capital outflows, which can put pressure on the peso if sustained. However, the increase in reserves signals that the country remains financially stable. The GIR acts as a safeguard, ensuring the Philippines has enough foreign currency to pay for imports, service debt, and manage exchange rate volatility. Strong reserves also help protect the economy from global financial shocks, even when external payments temporarily exceed inflows.

PH financial system strong but faces growing risks — FSCC

Economy 0
The Financial Stability Coordination Council (FSCC) on Thursday reaffirmed the strength of the country’s financial system, citing well-capitalized and liquid banks, but warned that emerging risks could pose challenges to businesses and households if left unchecked.

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