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FOREIGN PORTFOLIO investments went out of the country for a second straight month in April following the delayed approval of the government’s 2019 spending plan and earthquakes that hit Luzon and the Visayas, as well as the ongoing US-China trade war, the Bangko Sentral ng Pilipinas (BSP) reported on Thursday.
AGRINURTURE, Inc (ANI) announced on Monday that it had signed a $1-billion exclusive deal with Vietnam Southern Food Corp. (Vinafood II) to import 2 million metric tons (MT) of rice to the Philippines starting this year.
LOST RICE production accounted for the vast majority of the initial estimates of agriculture damage due to Typhoon Ompong (international name: Mangkhut), reckoned at P4.97 billion out of the Department of Agriculture’s (DA) preliminary crop damage estimate of P4.99 billion Monday.
SUGAR PLANTERS have offered to sell refined sugar at P48 per kilo, and agreed to the import of up to 300,000 metric tons of sugar to bring down retail prices, Agriculture Secretary Emmanuel F. Piñol said in a statement Sunday.
AFTER FARMS in the northern Luzon area were devastated by typhoon Ompong (international name: Mangkhut), farmers from four mountain towns of Bukidnon pledged to ship vegetables to Metro Manila to augment supply starting this week, according to Agriculture Secretary Emmanuel F. Piñol.
RABOBANK said that it expects poultry production in Vietnam, Indonesia, India and the Philippines (VIIP) to grow in the next five years, driven by higher incomes and increased dining out.
THE NATIONAL Food Authority (NFA) said on Wednesday that its 132,400 bags of rice infested by weevil or bukbok, imported from Thailand and docked at the Subic Bay Freeport, has been given clearance by the Plant Quarantine Service (PQS) of the Bureau of Plant Industry (BPI) after it has undergone fumigation.
THE REGIONS of Ilocos, Cagayan Valley, Central Luzon, and the Cordillera Autonomous Region may suffer damages in 1.2-million hectares of rice and corn farms, with crops almost ready for harvest, when potentially super typhoon Ompong (international name: Mangkhut) passes through the country, according to Agriculture Secretary Emmanuel F. Piñol.
THE Philippines loses nearly 900,000 metric tons of rice each year between farm and market, according to the Philippine Rice Research Institute (PhilRice).
SENATOR Cynthia A. Villar questioned the Department of Agriculture’s shift to farm credit from subsidies, saying that the strategy has lost over P8 billion for a previous government.
THE BPI Foundation and World Wide Fund for Nature (WWF) Philippines said that its P10-million partnership has helped boosted sugarcane farming productivity in Negros Occidental from the previous 40 to 60 tons average per hectare to current 80 to 100 tons per hectare.
THE Bureau of Fisheries and Aquatic Resources (BFAR) can increase the supply of round scad, or galunggong, in Philippine markets by allowing fish stocks to regenerate in areas declared off-limits to fishing, a former environment secretary said.
ANIMAL NUTRITION provider Cargill launched on Thursday its digital nutrition solutions portfolio under its Provimi brand in the Philippines.
THE LAND BANK of the Philippines (LANDBANK) launched a P2.12-billion financing scheme in the Autonomous Region in Muslim Mindanao (ARMM) and conflict-affected areas in Mindanao (CAAM) to boost the region’s agricultural sector.
THE National Food Authority (NFA) said it was not responsible for the rice supply crisis because it was not allocated sufficient funds to increase domestic procurement, and added that its advice was not heeded on the timing of imports.
A SOUTH Korean business group is interested in importing 50 tons per week of premium mangoes from key growing regions like Soccsksargen, Zambales and Guimaras, an order equivalent to the Philippines’ entire output of premium-grade fruit, Agriculture Secretary Emmanuel F. Piñol said.
MPCALA Holdings Inc said it entered into a partnership with Egis Projects Philippines, Inc (EPPI) to operate an electronic toll collection system for the Cavite-Laguna Expressway and Manila-Cavite Expressway, which will allow transactions of 1,200 vehicles per hour.
THE importation of round scad, or galunggong, will affect the livelihoods of 1.5million fisherfolk, according to Senator Cynthia A. Villar, who chairs her chamber’s committee on agriculture and food
AGRICULTURE SECRETARY Emmanuel F. Piñol said the government stands to earn as much P2 billion in annual revenues if it “legalizes rice smugglers” in the southwestern part of Mindanao.
THE Bureau of Agricultural Research said that it projects about 15,000 hectares of land to be planted to soybean by 2019, from 700 hectares in 2011 and 10,000
SAN MIGUEL Corporation (SMC) on Monday said its proposed P736-billion New Manila International Airport in Bulacan will generate as much as one million jobs in its construction phase.
A NUMBER of domestic and international flights to and from the Mactan-Cebu International airport will be cancelled or rescheduled from Sept. 1-21 as runway 04/22 will be closed for repair and rehabilitation.
YIELDS ON government securities (GS) saw mixed movements at the close of the shortened trading week given the holiday pause as well as the market’s reaction to uncertainty surrounding the US-China trade talks and preparations ahead of the use of a new settlement system.