President Ferdinand Marcos Jr. said Wednesday that government, through the Department of Agriculture, is looking at imposing a floor price for palay to ensure farmers profitability and sustain their intention to plant and produce more rice.
Philippine agriculture started the economy on a stronger footing in the first quarter, growing 1.9 percent, with better weather conditions and intensified government interventions helping the sector recover from a full-year contraction in 2024.
Palay production in the first quarter of 2025 is expected to reach 4.72 million metric tons, with higher yields offsetting a decrease in rice planting area, according to the latest estimate of the Philippine Statistics Authority (PSA).
Metro Retail Stores Group, Inc. (MRSGI) has unveiled Metro Corner, a new premium lifestyle store concept aimed at redefining convenience for urban communities.
The Securities and Exchange Commission (SEC) has cautioned the public against investment solicitations involving the establishment of fitness gyms disguised as franchise or co-franchise agreements.
The Bangko Sentral ng Pilipinas (BSP) has enhanced its regulatory relief policies to better support banks and borrowers affected by calamities, reinforcing efforts to maintain financial stability and resilience during crises.
The Philippines is in talks with Malaysia for a possible interconnection of their power grids, which could mark the country’s first link to a regional electricity network, Energy Secretary Sharon Garin said on Monday.