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Philippine non-food and industrial crop production ‘mixed’ in first quarter

PRODUCTION of four major non-food and industrial crops, namely coffee, rubber, sugarcane, and cacao, rose in the first quarter of 2020, while the output...

RCEF farmer training programs to continue despite pandemic

TRAINING programs for farmers under the Rice Competitiveness Enhancement Fund (RCEF) will continue after being redesigned to minimize health risks amid the coronavirus disease...

MRT-3 may cut operations after COVID-19 outbreak among staff

THE government may cut the capacity of the Metro Rail Transit System Line 3 (MRT-3) after a coronavirus outbreak among its depot staff, according to the Department of Transportation.

Pork suggested retail price raised to P230-P250 in Metro Manila

THE suggested retail price (SRP) for pork sold in Metro Manila was raised to P230-P250 per kilogram, the Department of Agriculture (DA) said.

Nationwide round-up

THE DEPARTMENT of Foreign Affairs (DFA) has organized a ship that will bring home 97 Filipino seafarers stranded in another vessel docked in China.

Global Ferronickel loss expands by 16% to nearly P158M

GLOBAL FERRONICKEL Holdings, Inc. posted a 16.1% increase in net loss attributable to the equity holders to P157.54 million in the first quarter after a double-digit fall in revenues.

Philippine fruit production declines in first quarter

PRODUCTION of three major fruit crops — banana, calamansi and mango — declined in the first quarter while output of pineapple, the fourth major crop, rose, according to the Philippine Statistics Authority (PSA).

Palay farmgate price rises 0.2%

THE average farmgate price of palay, or unmilled rice, rose 0.2% week on week to P19.16 per kilogram in the fifth week of May, with prices up 6.4% year on year, according to the Philippine Statistics Authority (PSA).

Filipinos struggle to work from home in internet-challenged country

RAINIER JAY S. UDARBE, 23, has been taking overseas calls from home as a call center agent for an outsourcing company in Makati since the main Philippine island of Luzon was locked down in mid-March to contain a coronavirus pandemic.

Vitarich turns profitable, earns P93M

VITARICH CORP. turned profitable in the first quarter as the feed, farm and food company reported a net income of P93.1 million, reversing losses of P172.7 million in the same period last year.

Cosco Capital core income up nearly 15%

COSCO Capital, Inc. posted a 14.8% increase in consolidated core net income last year to P9.32 billion, which the listed retail holding firm attributed to the continuous organic expansion of its business segments and higher consumer spending.

PSEi closes higher on bargain hunting, Wall St.

THE LOCAL MARKET closed in green territory on Tuesday as US indices also rose.

Regional Updates (06/29/20)

A HALT on the return of stranded residents to their hometowns has been enforced in more areas in the Visayas and Mindanao to manage the increasing number of coronavirus patients in localities with limited facilities.

Nationwide round-up

SENATORS ON Monday pushed for measures that will create and preserve jobs amid the coronavirus pandemic that has so far left 7.3 million Filipinos unemployed.

G2G rice imports no longer needed, Dar says

GOVERNMENT-TO-GOVERNMENT (G2G) rice imports are no longer necessary, Agriculture Secretary William D. Dar said, after Vietnam lifted its restrictions on rice exports.

Philippines detects 20 new ASF outbreaks; 10,543 more pigs culled

THE Philippines reported 20 new outbreaks of the African Swine Fever (ASF), culling an additional 10,543 pigs, according to the Bureau of Animal Industry (BAI).

Gov’t plan to import 300,000 MT of rice abandoned

THE Philippine International Trading Center (PITC), an arm of the Department of Trade and Industry (DTI), has abandoned plans to import 300,000 metric tons...

Rice seed storage practices cited as an issue in crop quality

THE INBRED rice seed currently being handed out to farmers is designed to be planted right away, and improper storage in the event of...

Stocks end higher as rate cut brings optimism

By Revin Mikhael D. Ochave THE LOCAL MARKET closed the week in green territory as investors reacted positively to Thursday’s decision by the Bangko Sentral...

Emperador income down 16% as pandemic disrupts business

BRANDY COMPANY Emperador Inc. reported a 16% decline in its first-quarter net income attributable to equity holders to P1.5 billion, citing disruption in its...

Stocks drop further on virus, economic worries

THE LOCAL MARKET closed lower on Thursday amid investor concerns over climbing coronavirus disease 2019 (COVID-19) cases and a dimmer outlook for the Philippine economy.

DA says fertilizer auctions brought retail prices down

THE DEPARTMENT of Agriculture (DA) said its centralized bidding system for fertilizer procurement helped bring retail prices for urea fertilizer below P1,000 per 50-kilogram bag.

Regional Updates (06/24/20)

QUARANTINE PASSES in Cebu City, which gives residents permit to go out and purchase essential items, have been suspended effective 10 p.m. Tuesday as local and national officials rush to contain the surge in coronavirus cases.

Angat aqueduct project going forward after ADB loan approval

PROJECT preparation for the Bigte-Novaliches Aqueduct 7, a delivery system for water supplied from Angat dam, will go forward after the recent approval of a $126.02-million loan by the Asian Development Bank (ADB), according to the corporate office of the Metropolitan Waterworks and Sewerage System (MWSS).

Atlas Mining’s net loss widens to P37M on higher tax provisions

ATLAS CONSOLIDATED Mining and Development Corp. reported a 6% increase in its net loss attributable to the parent firm’s equity holders for the first quarter to P37 million due to higher deferred tax provisions.

#COVID-19 Regional Updates (06/23/20)

MANILA MAYOR Francisco M. Domagoso (left) receives plastic furnishings donated by Grand Taipan Land Development, Inc. President Joeben Tai for the city’s quarantine facilities. As of June 22, Manila has 1,270 active coronavirus patients and 715 suspect and probable cases under monitoring. Over 600 from the city have recovered from the disease.

Regional Updates (06/22/20)

Bohol holds ceremonial reopening of tourism in COVID-free Panglao; airport still closed A CEREMONIAL reopening of tourism establishments in Panglao was held June 22, but...

Nationwide round-up

THE PRESIDENTIAL Palace on Monday said the executive department is collaborating with legislators for the passage of a law that will extend the President’s emergency powers for response measures on the coronavirus disease 2019 (COVID-19) crisis.

New Benguet facility to cut wastes from unsold food crops

A P20-MILLION food processing facility in La Trinidad, Benguet will be established in order to reduce waste from unsold crops, Agriculture Secretary William D. Dar said.

Gov’t program reaches 830,000 buyers of fish amid virus pandemic

MORE THAN 830,000 persons and 180,000 families have been reached by fish and fishery products offered under a marketing program run by the Philippine Fisheries Development Authority (PFDA).

P1.9-B released for typhoon affected farmers, fisherfolk, and ASF-affected hog raisers

THE DEPARTMENT of Agriculture (DA) said that it has released P1.9 billion from its quick response fund (QRF) to help farmers and fisherfolk affected...

ADB approves $126-M loan for MWSS project

THE ASIAN Development Bank (ADB) has okayed a $126-million (P6.31 billion) loan to the Metropolitan Waterworks and Sewerage System (MWSS) for a project that...

Farmgate price of palay climbs 0.5% in third week of May

THE AVERAGE farmgate price of palay or unmilled rice rose 0.5% week-on-week to P19.15 per kilogram in the third week of May, with prices...

Mega Global allots P500M for expansion, acquisition plans

MEGA Global Corp. has set aside around P500 million for its expansion and acquisition plans for 2020 and 2021, officials of the canned goods manufacturer said on Thursday.

DA rejects claims it asked poultry industry to limit production

AGRICULTURE Secretary William D. Dar said that the Department of Agriculture (DA) did not ask the poultry industry to limit production.

Hog cull from ASF approaching 300,000

NEARLY 300,000 pigs have been culled as a precaution against African Swine Fever (ASF), according to the Bureau of Animal Industry (BAI).

Century Pacific ties up with Unilab unit for virus response

FOOD COMPANY Century Pacific Food, Inc. (CNPF) has partnered with a subsidiary of United Laboratories, Inc. (Unilab) on a coronavirus disease 2019 (COVID-19) infection control program that ensures the safety and health of its employees.

San Miguel to donate carabao milk to 5,000 beneficiaries

SAN MIGUEL Corp. (SMC) will distribute some 5,000 liters of excess pasteurized carabao milk to around 5,000 beneficiaries in six cities and provinces in Luzon, as part of the company’s efforts to help dairy farmers recover their financial losses.

Pilmico launches online shop

ABOITIZ-LED Pilmico Foods Corp. (Pilmico) has launched an online shop that addresses the changing needs of customers as a result of the coronavirus disease 2019 (COVID-19) pandemic.

Fertilizer procurement rules followed after overpricing claims — DA

AGRICULTURE Secretary William D. Dar brushed off claims of overpriced fertilizer distributed to farmers, saying the Department of Agriculture (DA) followed government procurement rules.

Acciona turns over treatment plant to Maynilad

SPANISH FIRM Acciona, S.A. (Acciona) has turned over a water treatment plant worth $127 million to its client, west zone concessionaire Maynilad Water Services, Inc.

SRP pressuring pork producers; more supply cuts expected

THE pork industry blamed the high retail prices of pork on the reduced hog population due to the outbreak of African Swine Fever (ASF) in Luzon since September, and raised the prospect of further supply erosion as producers claim they can’t make money at the current suggested retail price (SRP) settings.

PHL currently self-sufficient in poultry after lockdown dampens demand for imports

DOMESTIC chicken production is currently sufficient to meet demand, after a sharp drop in May poultry imports due to trade disruptions caused by the pandemic, the Department of Agriculture (DA) said.

NTA presents five-year program to improve tobacco industry

THE NATIONAL Tobacco Administration (NTA) released its five-year development program centered on increasing the productivity of the tobacco industry.

Quality rice seed promoted for wet-season planting

THE Philippine Rice Research Institute (PhilRice) recommended that farmers use high-quality seed to ensure good yields during the wet season.