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Customs streamlines baggage declaration

THE GOVERNMENT wants to make travel easier by doing away with Customs baggage declaration forms for those with nothing to declare, the agency said in a statement yesterday.

Hot money leaves PHL in April

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 forges deal to buy 2 million MT of rice from...

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.

Initial rice crop losses due to typhoon Ompong estimated at P4.97...

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 offer concessions on imports, retail prices

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.

Bukidnon farms to augment vegetable supply in Metro Manila

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.

Poultry output seen growing as incomes rise in emerging Asia

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.

Teleperformance bullish on PHL

TELEPERFORMANCE Philippines expects to continue its expansion in the country, amid strong demand from North America.

NFA says weevil-infested rice at Subic cleared by PQS

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.

DENR seeking to house Boracay workers on Panay

BORACAY will need to reduce its resident workforce because resort workers will outnumber tourists by nearly two-to-one if the island’s carrying capacity limits are observed, Environment Secretary Roy A. Cimatu said Wednesday.

BFAR director proposes galunggong buffer stock

A BUFFER stock system is needed to ease supply disruptions in the market for round scad, or galunggong, which will require cold storage sufficient for at least six months of reserves, a fisheries official said.

Typhoon worst-case scenario: P7B damage in rice farms

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.

PHL rice inventory falls 25%

THE Philippine Statistics Authority (PSA) said the national rice inventory was 1,520.76 thousand metric tons at the start of August, down 25.01% from a year earlier and down 23.61% from a month earlier.

Rice handling, storage losses estimated at nearly 900,000 MT/year

THE Philippines loses nearly 900,000 metric tons of rice each year between farm and market, according to the Philippine Rice Research Institute (PhilRice).

Nationwide round-up

Onion prices should be at P55-P65/k this week AGRICULTURE SECRETARY Emmanuel F. Piñol said on Monday that prices of red and white onions are scheduled...

DA questioned over shift to farm credit from subsidies

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.

Negros pilot project boosts sugarcane output to 80-100 tons per hectare

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.

House to add P10B to NFA procurement funds

A RESOLUTION is expected to be filed at the House of Representatives this week to add P10 billion to the 2019 budget of the National Food Authority (NFA) to boost its ability to procure rice from domestic farmers.

Closed-off fishing zones seen key to more galunggong stocks

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.

Cargill introduces digital nutrition technology in PHL

ANIMAL NUTRITION provider Cargill launched on Thursday its digital nutrition solutions portfolio under its Provimi brand in the Philippines.

FAO convenes emergency meeting on Asian Swine Flu

THE United Nations Food and Agriculture Organization (FAO) has called an emergency meeting of specialists from nine Asian countries, including the Philippines, to discuss measures in the event African Swine Fever spreads from China.

LANDBANK launches JICA-backed lending program to boost ARMM agri

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.

NFA says hands tied on rice imports, domestic procurement funding

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.

South Korean buyer seeking to corner premium mango crop

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.

Pork imports from swine fever countries banned

THE Department of Agriculture (DA) said it has banned imports of domestic and wild pig products, including semen, from China, Latvia, Poland, Romania, Russia, and Ukraine due to an African Swine Fever (ASF) outbreak.

DA chief to issue order against rice hoarders

AGRICULTURE Secretary Emmanuel F. Piñol on Friday flagged the problem of rice hoarding in the country, saying he is set to issue an order to help clamp down on this practice.

Metro Pacific’s Cavite toll roads adopt upgraded toll collection system

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.

Ex-technocrats join call for abolition of NFA

THE Foundation for Economic Freedom said on Thursday that it is throwing its support behind Senators Cynthia A. Villar and Sherwin T. Gatchalian, who have called for the abolition of the National Food Authority.

Galunggong imports seen threatening1.5M fisherfolk

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

P2B revenue seen from regulated rice trading in ZAMBASULTA

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.

DA sees rice prices stabilizing by Nov.

AGRICULTURE Secretary Emmanuel F. Piñol said Tuesday that he expects rice prices to stabilize by November amid expectations of a strong harvest.

Research agency sees major expansion in soybean planting

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

SMC says Bulacan airport project to generate one million jobs

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.

Cebu flights to be cancelled, rescheduled as runway undergoes rehab

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 gov’t debt mixed

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.

Bargain hunt fuels recovery

LOCAL EQUITIES rebounded on Friday, as traders hunted for bargains and as optimism returned amid eased US-China trade tensions.