The total volume of rice the Philippines will import in the first quarter is likely to be significantly lower compared to the same period in 2024, as local farmers begin the harvest season and traders hold off on imports, awaiting further softening of global prices.
Lower food prices in February contributed to a drop in inflation to 2.1 percent for the month. This was slower than both central bank and market forecasts, and marked a significant decline from 2.9 percent in January.
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).
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, 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.
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.