NFA hikes buying price, releases imported rice
THE Department of Agriculture (DA) said Thursday that the National Food Authority (NFA) will increase the buying price for palay, or unmilled rice, to P19 from P17 while also removing add-on incentive payments under the old scheme.
Developers expected to sustain double-digit pre-sales growth this year
PHILIPPINE developers are expected to sustain double-digit growth in pre-sales and profit this year, according to the research arm of Morgan Stanley.
PSEi sinks as recovery prospects remain uncertain
THE MAIN INDEX closed lower on Thursday, extending its decline to a fifth day, as investors remained cautious over the deployment of coronavirus disease 2019 (COVID-19) vaccines and the country’s economic outlook.
DoE not ruling out single entity bidding for entire 2,000 MW of renewable energy...
THE Department of Energy (DoE) will allow single entities to bid for the entire 2,000 megawatts (MW) of renewable energy capacity that it plans to auction in order to encourage the development of clean power sources, an official said.
Chen Yi launches rice processing facility
CHEN YI Agventures has launched its P1.7-billion rice processing complex for farmers in Alangalang, Leyte.
Philippine nickel output seen growing at about 8% a year
NICKEL production is expected to increase by over 8% a year in the next few years despite policy uncertainty that could limit project development, Fitch Solutions Macro Research said in a report.
Economy to shrink by 3.8% — ADB
THE Asian Development Bank’s (ADB) outlook for the Philippines has turned grim, as it now expects the economy to shrink by as much as 3.8% this year.
QC sets up task force to ease impact of 5 major projects
THE Quezon City government said it has established a task force to minimize road congestion during the construction of five national infrastructure projects in the city.
CREATE to cost P250B in foregone revenues
THE CORPORATE Recovery and Tax Incentives for Enterprises Act (CREATE), once enacted into law, will cost the government as much as P250 billion in foregone revenues in the next two years, after the corporate income tax cut was accelerated for local small businesses.
Are stock investors haunted by the Ghost Month?
Are stock investors haunted by the Ghost Month?
The Hungry Ghost Month is the seventh month in the Chinese lunar calendar. During this time, the...
No mass transport crisis, Palace asserts
DESPITE THE worsening road congestion and commuter problems in Metro Manila, Malacañang on Tuesday said there is no mass transportation crisis yet.
Big-ticket projects safe from budget cut
BIG-TICKET projects of the Department of Public Works and Highways (DPWH) and the Department of Transportation (DoTr) will not be affected by budget cuts, officials said on Monday.