Palay prices in the Philippines inched up to P15.89 per kilo in October from P15.60 in September, following the government’s rice import ban aimed at boosting farm gate prices, according to data from the Philippine Statistics Authority.
The Philippines’ total rice inventory at the start of August was estimated at 2.32 million metric tons, up 25 percent compared to the 1.86 million metric tons recorded in the same period last year, according to the Philippine Statistics Authority (PSA).
The farm gate price of palay continued its downward spiral in July, dragged down by weakening global prices of the grain that have spurred a surge in rice imports.
President Ferdinand Marcos Jr., after consulting select members of his Cabinet, decided to suspend for 60 days the importation of rice to protect local farmers from the influx of cheap rice, said Press Secretary Dave Gomez said Wednesday.
Motorists and households will welcome a bigger price drop for gasoline this week, but diesel users face higher costs as fuel companies implement mixed changes for the third week running, the Department of Energy (DOE) confirmed Monday.
Businesses in Cebu and across the Visayas must invest in more resilient power systems as structural grid challenges are expected to persist through 2028, according to COREPLUS, a subsidiary of Vivant Energy.
San Miguel Corp. has reaffirmed its commitment to complete the new passenger terminal building at Godofredo P. Ramos Airport in Caticlan by the second quarter of 2027, Transportation Secretary Giovanni Lopez announced Monday during the EJAP Infrastructure Forum 2026.
At least eleven power generation companies have expressed intent to bid for the 900-megawatt supply contract of Manila Electric Company, signaling strong market interest and competitive prospects for the distribution utility’s long-term power requirement.