Discrepancy in PSA rice tally points to ‘overstated’ domestic output — farmers

A DISCREPANCY between rice import and inventory data leaves some 800,000 metric tons of the staple grain unaccounted for, suggesting that domestic rice production...

Hog weights falling due to hot weather

HOG WEIGHTS have declined due to the intense heat brought by El Niño, farmers said. “The performance of our pigs, of course, is also falling....

Manufacturing held back by difficulty in starting business

MANUFACTURERS could contribute more to the economy if the business environment were more friendly to new companies, the head of a distilling company said.

Stocks up on bargain hunting after two-day drop

PHILIPPINE SHARES rebounded on Thursday as investors picked up cheap stocks following the market’s two-day decline and despite the US Federal Reserve’s hawkish tone. The...

Peso drops vs dollar on Fed meet minutes

THE PESO weakened against the dollar anew on Thursday as minutes of the US Federal Reserve’s meeting this month affirmed their cautious policy outlook. The...

Peso’s nonstop fall may stoke prices

A PROLONGED depreciation of the Philippine peso could stoke inflation, though it could also benefit the economy by boosting export earnings, analysts said.

Education, manufacturing and tourism are key growth drivers, says JG Summit CEO

THE PHILIPPINE government and private sector should harness the potentials of education, manufacturing and tourism, which are critical to economic growth, JG Summit Holdings, Inc.’s top executive said on Wednesday.

NEDA backs push for rice imports by NFA

THE NATIONAL Economic and Development Authority (NEDA) on Wednesday backed a proposal allowing the National Food Authority (NFA) to boost rice stocks through imports during emergencies amid spiraling prices.

US households still feel pinched by inflation — Fed survey

US HOUSEHOLDS continued to feel pinched by inflation in late 2023 even as price pressures ebbed, the US Federal Reserve reported on Tuesday, with...

PSEi drops as peso stays at P58-a-dollar level

PHILIPPINE STOCKS declined for the second straight session on Wednesday as the peso stayed at the 58-a-dollar level, weighing investor sentiment. The Philippine Stock Exchange...

Peso rebounds on profit taking

THE PESO appreciated against the dollar on Wednesday due to profit taking after the local unit ended at the P58 level for the first...

US looking into nickel ore processing projects in PHL

THE US government is looking into opportunities to process nickel ore in the Philippines, the US Trade and Development Agency (USTDA) said. At an online...