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Over 500,000 MT of imported rice due to arrive December through February

Around 76,000 metric tons of rice from Taiwan and India are scheduled to arrive this month and early January even as grains imported by the private sector have started to arrive as part of the broader effort to boost inventory of the national food staple in preparation for the adverse effects of the El Nino weather phenomenon, a ranking official of the Department of Agriculture (DA) said on Wednesday.

Four consortia pass documents to win P171-billion NAIA rehab project

The Department of Transportation on Wednesday said four large groups have submitted bid documents to win the  P171-billion contract to rehabilitate, optimize and maintain the Ninoy Aquino International Airport. 

National Treasury eyes P585B domestic borrowing in 1Q via treasury auctions

The Bureau of the Treasury plans to raise P585 billion for budgetary support in the first quarter through the weekly auctions of treasury bills and bonds.

ECOP chief bares wish list for 2024

The head of the Employers Confederation of the Philippines (ECOP) said the trade group’s biggest wish for 2024 is for more investments to come into the country to create more work for more people.

Ranks of poor Filipinos decline  in 1H 2023 by nearly 1M—PSA

The ranks of poor Filipinos declined in the first half of this year compared to the same period in 2021 as the government lifted COVID-19 mobility restrictions last year, allowing the economy to recover, create more jobs and spur more investments.

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Meralco holds animal welfare event for anniversary

The Manila Electric Company (Meralco) marked its 123rd founding anniversary by hosting an animal welfare event aimed at promoting responsible pet ownership, public health, and safer communities.

Biofuels pushed as buffer vs oil supply risks

Stakeholders in the local biofuels industry are urging the government to maximize the use of locally produced biofuels to help protect the country from possible fuel supply disruptions caused by the continuing conflict in the Middle East.

DA-FTI assures sufficient P20 rice supply, urges responsible purchasing

The Department of Agriculture (DA) and state-owned Food Terminal Inc. (FTI) on Friday urged Filipinos not to abuse the government’s subsidized rice program, warning that unusually large crowds at distribution sites are creating the false impression of a supply shortage.

Salceda sees crude oil above $80/barrel, volatility easing

Crude oil prices are likely to remain above USD80 per barrel in the coming weeks, but the era of massive pump price surges may already be fading, according to economist and former Albay congressman Joey Salceda.

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