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Farm group rejects plan extending tariff cuts on rice, corn and pork

Agriculture Context.ph Context.ph -
The Samahang Industriya ng Agrikultura (SINAG) on Tuesday said the proposed extension of lower tariff on rice, corn and pork deserves an outright rejection as the existing mechanism has not proven beneficial to consumers and has negatively impacted local producers.

PSALM appoints ADB as advisor in CBK hydro plant privatization

Energy & Mining Context.ph Context.ph -
The government has awarded the Asian Development Bank (ADB) the contract as transaction advisor to the Philippines Power Sector Assets and Liabilities Management Corp. (PSALM) to privatize the Caliraya–Botocan–Kalayaan (CBK) hydroelectric power plant complex in Laguna.

CitySavings bares P100-B loan portfolio as continuing nod to financial inclusion

Banking & Insurance Context.ph Context.ph -
City Savings Bank, Inc. (CitySavings), the thrift bank arm of the UnionBank of the Philippines (UnionBank), on Tuesday bared the deployment of P100 billion to meet the loan requirement of its clients.

GSIS opens loan restructuring, condonation for delinquent borrowers

Banking & Insurance Context.ph Context.ph -
State pension fund Government Service Insurance System (GSIS) has relaunched a condonation and restructuring program with longer and affordable payment terms to benefit former members, old-age pensioners, re-employed members, and other borrowers with overdue loans.

SMC, government in collaboration to clean up, rehabilitate Luzon rivers

Corporate Context.ph Context.ph -
Three years after it launched its landmark river cleanup and flood mitigation initiative--which has led to the removal of over 3 million metric tons of silt and solid wastes from the Pasig, Tullahan, and San Juan Rivers--San Miguel Corporation (SMC) is setting its sights on a more ambitious goal: cleaning up and rehabilitating three major river systems as well as other tributaries and waterways throughout Metro Manila, Pampanga, Cavite, and Bulacan.
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PCA seeks P1.26 billion to fund 100-million coconut replanting program

Agriculture 0
The Philippine Coconut Authority is moving quickly to secure extra funds to keep its goal of planting 100 million coconuts by 2028 on track. This forms the core of the Accelerated Coconut Farmers and Industry Development Plan, the government’s main strategy to rebuild one of the country’s most important agricultural sectors and boost earnings for millions of coconut farming households.

Exporters warn US tariffs threaten Philippine competitiveness

Trade & Investments 0
Philippine exporters are warning that the US decision to impose an additional 12.5 percent tariff on most Philippine exports could weaken the country's competitiveness in its largest export market, putting pressure on manufacturers and micro, small, and medium enterprises (MSMEs) already navigating a volatile global trade environment.

SRA reforms strengthen industry amid climate and market challenges

Agriculture 0
Since President Ferdinand Marcos Jr. assumed office in June 2022, the Sugar Regulatory Administration (SRA) has implemented wide-ranging reforms that have stabilized sugar supply, tempered price fluctuations, and strengthened support for thousands of sugarcane farmers even amid weather disruptions and shifting global market conditions. The agency’s approach combines stricter market oversight, carefully calibrated import volumes, and investments in farm modernization to ensure adequate supplies for consumers while shielding producers from steep drops in farmgate prices.

Philippines seals first Latin America free trade deal

Top News 0
The Philippines has concluded negotiations for a Comprehensive Economic Partnership Agreement (CEPA) with Chile, securing its first free trade agreement with a Latin American country as Manila steps up efforts to diversify export markets and strengthen supply chains.

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