Caps set on landed cost of hogs shipped to Metro Manila
THE Department of Agriculture (DA) has set maximum prices for the landed cost of hogs shipped to Metro Manila from farms across the country, in order to keep a lid on high pork prices and avert another inflation crisis.
NGCP seeks ERC’s OK for 41 capex projects
THE National Grid Corp. of the Philippines (NGCP) has asked the Energy Regulatory Commission (ERC) to approve 41 capital expenditure (capex) projects which are scheduled to be built starting this year, according to documents obtained from the ERC.
Steel industry not planning to request new safeguard duties
THE steel industry does not expect to apply for new safeguard duties following the expiry of the last round of duties in 2019, after concluding that manufacturers have since recovered.
Palay farmgate price rises 0.1% in second week of Feb.
THE average farmgate price of palay, or unmilled rice, rose 0.1% week-on-week to P16.72 per kilogram during the second week of February, with the price rising 4.6% from a year earlier, the Philippine Statistics Authority (PSA) said.
DBM warns agencies against dealing with unauthorized parties
THE Department of Budget and Management (DBM) warned local government units (LGUs) and government agencies against dealing with individuals and groups claiming the ability to fast-track the release of budget funds.
Manila to work with EU on free trade — Duterte
THE PHILIPPINES would keep working with the European Union (EU) on issues including free trade and investment, President Rodrigo R. Duterte said on Wednesday as he got a visit from the bloc’s ambassador-designate.
Philippines to take delivery of Sinovac vaccines on Feb. 23
THE PHILIPPINES will take delivery of 600,000 coronavirus vaccines from China’s Sinovac Biotech on Feb. 23, according to the presidential palace.
Senator seeks probe of underspending by gov’t amid pandemic
A SENATOR has filed a resolution seeking to investigate government underspending and delays in releasing cash aid to frontliners under its recovery plan.
Peso rises vs dollar on proposed stimulus
THE PESO gained against the greenback on Wednesday, supported by hopes for the timely passage of key measures that could help the economy rebound from the coronavirus crisis.
Stocks extend climb ahead of BSP policy review
PHILIPPINE SHARES continued to climb on Wednesday as the rise in global coronavirus cases slowed and on expectations that the central bank will keep rates low at its meeting today.
Philippines reports 173 new ASF outbreaks
THE PHILIPPINES recorded 173 new outbreaks of African Swine Fever (ASF), according to a report issued by the Bureau of Animal Industry (BAI).
SMC’s Ang sees Monterey revamp bringing down pork prices
A REORGANIZATION within San Miguel Corp. (SMC) that gives its Monterey meat brand control over hog sourcing is expected to realize efficiencies that will help bring down pork prices overall, SMC’s president said.