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Tag: Reicelene Joy N. Ignacio

Onion stockpiling plan to provide cold storage

THE Department of Agriculture (DA) will provide a P200 million loan to onion farmers’ associations to fund a stockpiling scheme for their produce which will allow them to wait out low-price periods, Agriculture Secretary Emmanuel F. Piñol said.

FNI earnings decline amid higher taxes, costs

LISTED GLOBAL Ferronickel Holdings, Inc (FNI) reported a 34.6% drop in net income to P509.5 million in 2018 from P779.7 million posted in 2017, mainly due to higher taxes and increased operational costs.

NFA nearly done on last batch of rice imports

THE National Food Authority (NFA) said its warehouses have received 457,747.577 metric tons (MT) worth of imported rice out of the 500,000 MT authorized in the agency’s last year of import operations, consisting of the 25% broken grade of well-milled long grain white rice.

MWSS, Manila Water to discuss customer compensation for March

THE Metropolitan Waterworks and Sewerage System (MWSS) will meet with Manila Water Co., Inc. on Monday to discuss measures to compensate the company’s 6.8 million east zone customers for the water shortage that started on March 6.

El Niño crop damage tops P1.3 billion

THE Department of Agriculture (DA) said it now estimates El Niño-related crop damage at P1.33 billion, with an estimated volume of 78,348 metric tons (MT) worth of farm output lost to the weather phenomenon, which has caused severe drought across the country.

Government extends ban on pork imports to some types of hog...

THE Department of Agriculture (DA) has expanded its ban on pork imports to hog feed containing pork products from countries infected by African Swine Fever (ASF), as the government stepped up measures to cordon off the country’s swine industry from the disease.

BIATF tears down encroaching parts of Boracay Plaza

THE BORACAY Inter-Agency Task Force (BIATF) has carried out the demolition of Boracay Plaza Beach Resort’s structures found in violation of the 30-meter easement zone after its operator failed to heed orders for self-demolition.

Speaker calls for more domestic ore processing

SPEAKER Gloria Macapagal-Arroyo said the mining industry needs to set up its own processing facilities to allow value-addition to take place domestically, though some miners expressed skepticism due to the current freeze on granting new mining permits.

PSA estimates decline in first quarter palay output; farmgate prices fall...

THE Philippine Statistics Authority (PSA) said its first-quarter estimate for production of palay, or unmilled rice, was 2.54 million metric tons, down 0.1% from a year earlier, when domestic farmers produced 4.62 million MT.

Rubber co-op to start selling motorcycle tires next month

FARMER-OWNED rubber tire brand Pilipinas Agila Tires will launch on the market in April with an initial product offering of motorcycle tires, Agriculture Secretary Emmanuel F. Piñol said on Tuesday.

ICTSI mulls turning Hanjin’s Subic property into multipurpose facility

INTERNATIONAL Container Terminal Services, Inc. (ICTSI) is looking at the possible acquisition of Hanjin Heavy Industries and Construction Philippines’ (HHIC-Philippines) assets to turn it into a multipurpose facility.

PPA still awaiting revised engineering plan for Chelsea’s Sasa Port proposal

THE Philippine Ports Authority (PPA) said it remains in discussions with Chelsea Logistics Corp. (CLC) for amendments to its proposal to develop, operate and maintain Davao’s Sasa Port before it can be granted original proponent status (OPS).

US expects 2019 agricultural exports to PHL to grow 10%

AGRICULTURAL exports from the United States to the Philippines are expected to rise 10% to $3.2 billion in 2019, led by soybeans, soybean meal, wheat, dairy products, red meat and poultry, according to the US Department of Agriculture (USDA).

Farmers worried about DA capacity to keep swine fever out

THE Department of Agriculture (DA) lacks the capacity to apply stringent biosecurity measures to counter the threat of African Swine Fever (ASF), a group of farmers claimed.

ATI hikes capex to $300 million

ASIAN TERMINALS, Inc. (ATI) is increasing its capital expenditure (capex) to around $300 million this year to fund its port development plans at the Manila South Harbor and Batangas Port.

AEV unit Pilmico Foods turns over 9-M research facility to Bukidnon...

PILMICO FOODS CORP., the agribusiness and food arm of the Abotiz Equity Ventures (AEV), said that it has turned over P9 million livestock research and training facility to the state-owned Central Mindanao University (CMU) in Bukidnon to boost agricultural research in the region.

DoST touts hybrid abaca advantages

GOVERNMENT researchers said hybrid abaca has some advantages in spinning fabric because of its finer fibers.

Isabela provincial gov’t offers P6/k incentive to rice farmers

THE ISABELA provincial government is offering its rice farmers a P6 per kilo incentive for the first 100 bags of clean and paddy rice sold to the National Food Authority (NFA), Agriculture Secretary Emmanuel F. Piñol said on Sunday.

Gov’t, port operators agree on moving out unclaimed cargo

CARGO left unclaimed at port terminals beyond 30 days will be transferred to the port operators’ inland container yards at the expense of the consignees beginning Sunday.

ICTSI says ‘sure’ of going ahead with Port Sudan deal amid...

INTERNATIONAL Container Terminal Services Inc (ICTSI) said it is certain it will ultimately take over a container terminal at Port Sudan on the Red Sea despite a strike called by employees to protest the transfer of management control.

DA opposes lifting of safeguards vs Indonesian coffee mix

THE Department of Agriculture (DA) said it cannot grant an Indonesian request to remove the special safeguards (SSG) on coffee mixes, noting that a surge in imports has harmed domestic coffee producers.

DA to provide loans for coconut water sellers

THE Department of Agriculture (DA) said it will provide funding for poor families and out-of-school youth willing to sell coconut products in Metro Manila, as a means of supporting coconut farmers beset by weak copra prices.

Rice inventories increase 19.24% on eve of tariffication

THE inventory of rice held by households, commercial entities and the government rose 19.24% year on year as of Feb. 1, to 2,141.23 thousand metric tons (MT), with volumes held by households, the largest category, declining, while the National Food Authority’s (NFA) holdings rose nearly 400%, the Philippine Statistics Authority said on Thursday.

NEDA won’t back DA plans to ban palay imports

THE National Economic and Development Authority (NEDA) said it cannot rule out imports of palay, or unmilled rice, by the private sector, after the Department of Agroculture (DA) signalled that it will not allow the practice because of the potential that the shipments might bring in pests or disease.

Open-pit mining investment could have shored up weak FDI, think tank...

AN independent think-tank said investment frozen by the open-pit mining ban could have sustained the Philippines through the recent drop in Foreign Direct Investment (FDI), which fell 4.4% in 2018.

Manila Water eyes new source in Cardona to augment supply

MANILA WATER Co., Inc. is counting on a new water source in Cardona, Rizal plus stop-gap measures such as deep wells and a cross-border flow agreement with the other water concessionaire to help ease the water shortage being felt within its east zone concession.

Agriculture department rules out palay imports

THE Department of Agriculture (DA) rejected proposals to import unmilled rice, or palay, noting that rice in that form poses a greater risk for the entry of pests and disease.

FEF calls for faster land conversion, efficient farming

THE Foundation for Economic Freedom (FEF) said the government needs to do more to speed up the land conversion process, while also calling for agriculture to become more efficient as marginal land is converted to nonfarm use.

Dairy cattle procurement to spend up to ₱350-M

THE National Dairy Authority (NDA) said it has between P250 million and P350 million in funding to spend in an April auction for the import of 1,500 dairy cattle, to be distributed across various farms by October.

PHL wheat imports seen rising 8.62% in 2019 — USDA

PHILIPPINE wheat imports are expected to rise 8.62% to 6.3 million metric tons in 2019, the United States Department of Agriculture (USDA) said.

Palace advice on water crisis: ‘Wait for rain’

MALACAÑANG said Monday that relief from the Metro Manila water crisis may have to wait for the onset of the rains, though cloud-seeding was also an option, with the Department of Agriculture saying it ordered seeding in areas of Central Luzon that could help fill the capital’s reservoirs.

Fiber authority urges halt to crossbreeding of abaca

THE Philippine Fiber Industry Development Authority (PhilFIDA) said it wants to put stop to the “failed” crossbreeding of abaca with pacol, a wild banana that researchers have claimed improves hybridized abaca’s resistance to disease.

Palay farmgate rice falls 0.41% in late Feb.

THE FARMGATE price of palay, or unmilled rice, fell 0.41% week-on-week to P19.63 per kilogram (kg) in the fourth week of February, the Philippine Statistics Authority (PSA) said.

HEAD building tennis ball plant near Cagayan de Oro

TAGOLOAN, MISAMIS ORIENTAL -- PHIVIDEC Industrial Authority said it expects HEAD, which makes racquet sports equipment and skis, to start building a plant for tennis balls in Misamis Oriental next year.

With new plant, Gardenia eyes more Mindanao sales

TAGOLOAN — Gardenia Bakeries Philippines, Inc. expects stronger sales in Mindanao, after the inauguration of its bread-making plant here on Thursday.

Cooking oil maker plans on Russia, Belarus road show

THE makers of Minola cooking oil will embark on a week-long road show in Moscow and Minsk, Belarus starting March 18 to introduce coconut oil products to Eastern Europe, Agriculture Secretary Emmanuel F. Piñol said on Thursday.

NEDA decision on IRR for rice tariff law could come this...

THE National Economic and Development Authority (NEDA) said it expects to decide by the end of March on the Implementing Rules and Regulations (IRR) of the Rice Tariffication Act submitted by the National Food Authority (NFA) Council.

DA flags prospect of European coco oil orders

THE Department of Agriculture (DA) said the representative of an Austrian-registered firm which controls a distribution network in Eastern Europe is currently inspecting coconut oil mills in southern Luzon to explore the possibility of producing coconut products for export.

Piñol claims Duterte backs raising agriculture budget ‘10 times’

AGRICULTURE Secretary Emmanuel F. Piñol invoked President Rodrigo R. Duterte’s authorization to propose a budget “10 times” his department’s current funding level, which was P56 billion in 2018.

Farmers question agencies’ capacity to disburse rice tariffication funds

THE Federation of Free Farmers (FFF) cast doubt on Tuesday on the capacity of small government agencies to effectively disburse the P10 billion-a-year Rice Competitiveness Enhancement Fund (RCEF), one of the features of the Rice Tariffication Law.

Kalibo slaughterhouse project opened for Swiss challenge

THE MUNICIPAL government of Kalibo is ready to receive challenge bids for the rehabilitation of the Kalibo Meat Plant’s principal slaughterhouse, which will also involve the operation and maintenance of the facility.

Palay prices firm, rice prices edge down in 3rd week of...

THE average farmgate price of palay, or unmilled rice, rose 0.05% week on week to P19.64 per kilogram in the third week of February, according to data released by the Philippine Statistics Authority (PSA) on Monday.

PAL allocates $650 million for capex

FLAG CARRIER Philippine Airlines (PAL) is allocating around $650 million for capital expenditures this year, as it plans to purchase six aircraft.

Rice farm equipment faces delays due to budget, procurement issues

MECHANIZATION of rice farms in the country will begin next year as the Philippine Center for Postharvest Development and Mechanization (PHilMech) can only begin procurement once it receives its budget, an official said.

Policy uncertainty offsets mineral potential to weigh on Philippines’ attractiveness to...

THE PHILIPPINES has continued to languish near the bottom of an annual survey of mining jurisdictions by Canada-based think-tank Fraser Institute as a negative policy environment is about to mark its seventh year, although Fitch Solutions said in a separate note that it expects an easing of industry restrictions to lead to a slight recovery of nickel — of which the country is a leading global source — starting this year.