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    Tag: rice

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    Rice stocks rise amid NFA palay procurement gains

    National rice stocks at the start of May were estimated at 2.37 million metric tons, marking a 14 percent increase compared to the same period last year. This growth was primarily driven by the aggressive palay procurement efforts of the National Food Authority (NFA).

    Rice prices ease in early May, supports slowing inflation trend

    Rice prices continued to ease in early May, indicating a potential further slowdown in inflation after headline inflation decelerated in April to its slowest pace since November 2019.

    Easing rice prices may slow inflation in April

    Inflation in the Philippines could ease further in April, following a drop to 1.8 percent in March—the slowest pace since May 2020—if rice prices continue to decline in the latter half of the month.

    Rice stocks up, corn inventories down in March

    The country's rice stocks inventory was estimated at 1.61 million metric tons at the start of March, an 18 percent increase from the 1.37 million metric tons recorded in the same period last year.

    March inflation slips to 1.8%, slowest since May 2020

    Philippine inflation decelerated to 1.8 percent in March, its slowest pace since the 1.6 percent registered in May 2020 when the economic activities was challenged by the COVID-19 pandemic-related lockdowns. This decline, down from 2.1 percent in February, was largely driven by lower food prices, particularly rice, which saw a significant annual decrease. 

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    Smart and Maya join forces to make digital life cheaper for Filipinos

    Smart Communications, Inc. has partnered with Maya to make mobile data and digital transactions more accessible and affordable for Filipinos.

    Gov’t eyes more incentives for geothermal projects

    The Department of Energy (DOE) is preparing a new bill aimed at attracting more investment in geothermal power projects in the Philippines, Energy Secretary Sharon Garin said on Tuesday during the Singapore International Energy Week.

    Foodpanda marks World Food Day with outreach in Metro Manila

    Foodpanda, operated by Delivery Hero Philippines Inc., teamed up with Scholars of Sustenance (SOS) Philippines and the Bureau of Jail Management and Penology (BJMP) to mark World Food Day with a series of community outreach efforts across Metro Manila.

    Leviste completes P13.76-B SPNEC shares sale to Meralco

    SP New Energy Corp. (SPNEC) founder Leandro Leviste has completed the sale of another 10.83 billion shares in the company to Manila Electric Co. (Meralco) for ₱13.76 billion, finalizing his planned divestment of part of his stake.

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