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Agriculture accounts for 1 in every 4 jobs in December

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Agriculture continued to support job generation in the country, accounting for one in every four jobs in December, helping drive economic growth. Data from the...

El Nino waning, La Nina to develop in second half of 2024

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The La Nina weather pattern characterized by unusually cold temperatures in the Pacific Ocean could emerge in the second half of 2024, following a strong El Ninoyear, a U.S. government weather forecaster said on Thursday.

SMC and partners bid the highest for the NAIA rehab program

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A consortium led by San Miguel Corp. and South Korea’s Incheon International Airport Corp. emerged as highest bidder for the P171 billion rehabilitation, operation and maintenance project of the Ninoy Aquino International Airport. 

Philippines jobless rate ease to 3.1% in December; services lead the way

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Unemployment rate in the country eased to 3.1 percent in December, its lowest rate in 2023.

Industrial production gains back some of the strength lost in recent months

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Industrial production in the Philippines, which measures the performance of the various industrial units such as manufacturing, mining and others, rose 2 percent in volume terms in December. In value terms, industrial production grew 2.6 percent.
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Aboitiz leads PH power generation market share – ERC data

Energy & Mining 0
Data from the Energy Regulatory Commission (ERC) in June shows that Aboitiz Equity Ventures Inc. (AEV) holding the largest share of the power generation market at 24.30 percent, equivalent to 6.85 million kilowatts.

Sugar industry welcomes closure of bioethanol import loophole

Agriculture 0
The United Sugar Producers’ Federation of the Philippines (Unifed) has welcomed new guidelines from the Department of Agriculture (DA) and Sugar Regulatory Administration (SRA) that closes a regulatory loophole affecting imports of sugar-based feedstocks for bioethanol production.

Mixed fuel price adjustments expected this week

Energy & Mining 0
The various fuel retailers indicate mixed price adjustments for gasoline and diesel will take effect this week.

DA allocates funds and launches programs to preserve Ifugao rice terraces

Agriculture 0
The Department of Agriculture (DA) is stepping up efforts to protect the Ifugao Rice Terraces, a UNESCO World Heritage Site, from threats including climate change, aging infrastructure, and shifting farming practices. Agriculture Secretary Francisco Tiu Laurel Jr. led an assessment visit to Banaue and Batad Rice Terraces over the weekend to review conditions and consult with local farmers and officials.

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