Marcos: We’ve found a solution to bring down rice prices

Jean Mangaluz 05/17/2024

MANILA, Philippines — President Ferdinand “Bongbong” R. Marcos Jr. revealed an alternative plan on Thursday to lower rice prices amid calls to amend the Rice Tariffication Law. (RTL). “Well, I don’t want to preempt the bicameral committee but…

PH still the world’s top rice importer

Jordeene B. Lagare 05/13/2024

The Philippines is likely to remain the world’s top rice importer, according to the US Department of Agriculture (USDA). This year, rice imports are projected to rise to 4.1 million metric tons, a 5.1 percent increase from…

Philippine economy expands 5.7% in Q1

Ian Nicolas P. Cigaral - @inquirerdotnet 05/09/2024

MANILA — The Philippine economy expanded by 5.7 percent in the first quarter of the year, up from 5.5 percent in the previous quarter, according to the Philippine Statistics Authority (PSA). However, this growth was below the government’s…

Saving money in piggy banks? BSP explains risks, disadvantages of not saving in banks

Niña Mae Oliverio 05/09/2024

CEBU CITY, Philippines — If you are saving money in your piggy banks, you might consider the advice from Bangko Sentral ng Pilipinas (BSP). BSP Visayas Director Anna Clara Oville said that among the benefits of saving…

Mactan airport records higher passenger traffic for Q1 2024

Morexette Marie Erram 05/08/2024

CEBU CITY, Philippines — The country’s second busiest airport welcomed close to 3 million passengers for the first quarter this year. Passenger traffic at the Mactan Cebu International Airport (MCIA) reached 2,692,815 from January to March 2024,…

Garment factory workers in PH: Over 5,000 lose jobs

Alden M. Monzon - @inquirerdotnet 05/07/2024

MANILA, Philippines — Weak demand overseas that depressed local orders caused around 5,100 garment factory workers to either be retrenched or forced to go on leave since the start of the year. At least nine factories have…

Fuel price cuts: Gasoline slashed by 75¢ per liter, diesel by 90¢

Jordeene B. Lagare - @inquirerdotnet 05/06/2024

MANILA, Philippines — Pump prices will be cut by more than a peso per liter for the second straight week by local oil companies effective Tuesday, May 7. The price of gasoline would be slashed by 75…

Farmers’ group: Rice tariff law results to P44B in economic losses

Russel Loreto 05/06/2024

MANILA, Philippines — A farmers’ group wants to get rid of the rice tariffication law or Republic Act No. 11203. They don’t think the changes proposed by the House of Representatives will fix the problem of expensive rice.…

Biz groups to gov’t: Biotech crops feed more people

Alden Monzon 05/06/2024

Five big business groups have asked the government to focus on helping biotech crops, especially since a recent court ruling stopped the selling of genetically modified rice and eggplant. “Biotechnology in food and agriculture has played a…

Marcos: PH, South Korea to sign free trade pact this year

Julie Aurelio 05/04/2024

President Marcos believes that the Philippines and South Korea will approve their free trade agreement (FTA) this year. He also aims for a separate deal to grant duty-free access for certain Philippine products to the South Korean…

Gov’t debt slightly drops to P14.93T

Alden M. Monzon 05/03/2024

The national government’s total debt dropped to P14.93 trillion as of the end of March, down 1.67 percent from the previous month’s P15.12 trillion. This was because more money was repaid for domestic government loans than was…

Hotels face straining room supply as PH tourist arrivals surge

Meg Adonis 05/02/2024

The hotel industry might struggle to keep up with demand this year because more foreign tourists are coming in than there are new hotels being built. Leechiu Property Consultants Inc. mentioned in their recent report that tourist…

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