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Philex Mining profit drops in 2nd quarter

PHILEX Mining Corp. saw a 13% drop in net income attributable to equity holders of the parent to P248.9 million in the second quarter due to lower metal output.

Rice tariff impact to hinge on promised aid to farmers —...

THE effects of the rice tariffication law will be felt by the industry over the next three or four years, provided that the tariffs collected are properly channeled to rice farmers, Agriculture Secretary Emmanuel F. Piñol said.

DENR sees Boracay environmental rehab completed soon

THE Department of Environment and Natural Resources (DENR) expects to conclude its rehabilitation efforts soon on the resort island of Boracay, noting the decline in water contamination levels along the main tourist strip on the western shoreline.

DENR calls on police to probe deeper into illegal animal trade

THE DEPARTMENT of Environment and Natural Resources urged the Philippine National Police to dig deeper into illegal animal trade after a truck driver was caught transporting 21 frozen pangolins and 16 dead marine turtles in Puerto Princesa, the capital city of Palawan, last Saturday.

DA to review 2019 spending on seed after budget cuts

THE Department of Agriculture (DA) said it will review its spending priorities for 2019 after the Department of Budget and Management approved a P49.8-billion budget for the DA, significantly lower than the P60 billion approved for this year.

Agri dep’t bans import of California poultry

THE Department of Agriculture (DA) said it has imposed a temporary ban on the entry of bird products from Southern California after a form of Newcastle disease was confirmed there.

Other markets eyed in World Coconut Congress

THE United Coconut Association of the Philippines (UCAP) will take part in the upcoming World Coconut Congress, as it seeks to tackle both supply and demand issues in the coconut industry.

Group to bring campaign on mining safety to Baguio officials

THE Philippine Mine Safety and Environment Association (PMSEA) said it will embark on a campaign to deal with small-scale mining, beginning with efforts to promote mining safety to the local government of Baguio.

Domestic sugar output can fill US quota — SRA

THE Sugar Regulatory Administration (SRA) said that the Philippines has sufficient output to supply the raw sugar cane export quota allocated by the US amid worries over domestic shortage for bottlers.

DA may include private rice inventory in official buffer stock estimates

THE Department of Agriculture (DA) is studying a plan to count commercial rice inventory in the national buffer stock estimates.

Fish market offering directly sourced seafood, meals cooked on site planned...

THE Department of Agriculture (DA) said it will counter high fish prices in Tagbilaran, Bohol with its own fish market, with the intent of providing competition for business interests allegedly manipulating fish prices there.

Agriculture dep’t sees ‘hiccup’ in Q3 output due to recent storms

THE damage caused by recent storms this month may show up as a “slight hiccup” in third quarter agricultural output, the Department of Agriculture (DA) said.

Preference for sustainable supply chains growing — researcher

COMPANIES need to heed a growing consumer preference for sustainable practices that help raise the incomes of the small businesses supplying them, an Erasmus University researcher said.

Mapping technology being touted to develop mussel farming industry

THE Department of Science and Technology (DoST) and the University of the Philippines (UP) are seeking to develop the mussel farming industry using geolocation technology.

US leaves 2019 PHL sugar quota unchanged

THE United States has left unchanged its 2019 quota for Philippine raw cane sugar imports at 142,160 metric tons, the United States Trade Representative (USTR) said.

VMC earnings drop 57.9% to P181M

EARNINGS of Victorias Milling Co., Inc. (VMC) in the third quarter ended on May 31 dropped by 57.90% due to a decline in sugarcane production and a late start in its distillery operations.

Sugar industry considers SRP scheme to be unworkable

SUGAR MILLERS said a suggested retail price scheme for their products is expected to be unworkable and may depress the price at which traders buy sugar from them.

Ecosystem Technologies targets to partner with urbanized cities for water recycling

ECOSYSTEM Technologies International, Inc., a local specialty contractor for water solutions, is eyeing to expand its portfolio from purely commercial partnerships to larger private-public partnership(PPP) deals with local government units (LGU).

DA to propose letting commercial boats inside 15-kilometer limit

THE Department of Agriculture (DA) and the Bureau of Fisheries and Aquatic Resources (BFAR) said they will propose adjustments to improve fishing yields, including permitting commercial boats to operate in municipal fishing waters.

SRA seeks imposition of retail price caps for sugar

THE Sugar Regulatory Administration (SRA) is asking the Department of Agriculture (DA) to include sugar in the list of agricultural products that will be subject to the department’s suggested retail price (SRP) system.

Govt-run oil mills may stop operations after officials quit en masse...

THREE oil mills managed by a government-controlled corporation may stop operations after a dozen of its officials resigned en-masse to oppose the appointment of a new president.

DENR says climate-change plan names 22 provinces

THE Department of Environment and Natural Resources (DENR) said Thursday that it identified 22 vulnerable provinces in its climate change and disaster risk cluster road map for 2018-2022, which has been submitted to Malacañang.

DA reviewing royalty process for sugar imports

THE Department of Agriculture (DA) said it will review the royalty system for sugar imports to ensure farmers receive their share.

Nickel miners pinning hopes on greater adoption of e-vehicles

NICKEL miners said their confident outlook is based on the rise of electric vehicles, despite depressed global prices for the metal.

Rice inventories decline — PSA

RICE inventories as of June 1 were estimated at 2.36 million metric tons (MT), down on a year-on-year and month-on-month basis, the Philippine Statistics Authority (PSA) said.

DA claims stable prices after issuing SRP list on farm goods

THE Department of Agriculture (DA) said prices have begun to stabilize two weeks after it imposed suggested retail price (SRP) system on selected farm goods in Metro Manila wet markets.

Boracay early reopening would depend on stakeholders’ cooperation — Cimatu

THE POSSIBLE opening of Boracay Island ahead of the October schedule would depend on the stakeholders’ cooperation in the government’s rehabilitation efforts, according to Environment Secretary Roy A. Cimatu.

FPI opposes DTI’s proposed sugar content labels on beverages

THE Federation of Philippine Industries (FPI) is opposing the Department of Trade and Industry’s (DTI) proposed rules that would require companies to include sugar content of beverages on labels.

Miners fear investment opportunities slipping away

THE Chamber of Mines of the Philippines (CoMP) said that the delay in formulating mining policy has caused the Philippines to miss out on potential investment.

DA studying rubber partnership with Papua New Guinea

THE Department of Agriculture (DA) said it is is studying a parnership with Papua New Guinea for the development of the rubber industry.

DENR to use GIS-based mapping to settle land disputes in Marawi

THE DEPARTMENT of Environment and Natural Resources (DENR) will be using the geographic information system (GIS)-based mapping and information system to settle land disputes amid the government’s efforts to rebuild war-torn Marawi City.

PAL to mount flights to Sapporo in September

PHILIPPINE Airlines (PAL) will start flying to Sapporo in September, as Japan gains popularity as a tourist destination among Filipinos.

PAL to open direct flights to Sapporo in September

FLAG carrier Philippine Airlines (PAL) introduced Sapporo as its sixth direct-flight destination to Japan.

ATN to supply 3.5M tons of rocks for Manila Bay reclamation...

LISTED ATN Holdings, Inc. on Wednesday said it will sell 3.5 million tons of rock resource assets to several companies involved in Manila Bay reclamation activities.

Boracay’s White Beach declared clean; water quality ‘almost there’

THE government is on track in its efforts to rehabilitate Boracay island, the Department of Environment and Natural Resources (DENR) said as it declared White Beach clean and the effort to improve water quality on the island “almost there.”

DENR’s internal mining review expected this month

THE Department of Environment and Natural Resources (DENR) said it hopes to complete its own mining review “within the month.”

Nickel miners claim planting program covers 2,000 hectares

THE Philippine Nickel Industry Association (PNIA) said its members have been planting trees to rehabilitate sites near their mines in northeastern Mindanao and Palawan.

Sweden’s AAK seeking sustainability in coco oil supply

SWEDEN’s AarhusKarlshamn (AAK) said it plans to work with coconut farmers to guarantee quality and supply for its fats and oils facility in Batangas.

Palay farmgate price rises in 3rd week of June

THE average farmgate price of palay, or unmilled rice, continued to rise in the third week of June to P21.36 per kilogram (kg.), the Philippine Statistics Authority (PSA) said.

Indie power producer GBP shifts to sustainable energy

REGIONAL independent power producer Global Business Power Corp. (GBP) is shifting to provide sustainable energy solutions in a move to adapt to the current landscape in the sector.

Coalition tackles eliminating plastic pollution

A coalition which includes corporate users of plastic packaging is working on addressing the problems caused by plastic waste.

Swedish company AAK to build customization plant in Batangas

SWEDISH company AarhusKarlshamn (AAK) is building a customization plant in Batangas, the first of its kind in the Philippines.

Global Ferronickel expects flat earnings this year

GLOBAL Ferronickel Holdings, Inc. (FNI) expects net income to be flat this year, despite seeing stronger demand for nickel ore from China.

Philex Mining hoping to extend Padcal mine life span beyond 2022

PHILEX Mining Corp. is focusing on efforts to extend its Padcal gold-copper operation beyond 2022, while the firm considers the possibility of underground mining at its Silangan project.

Rice import bids for 674,000 metric tons accepted under MAV

THE National Food Authority (NFA) accepted applications from prospective importers to bring in 674,000 metric tons (MT) of rice under the Minimum Access Volume (MAV) regime, with the auction oversubscribed at 1.82 million MT worth of bids received.