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Tag: Revin Mikhael D. Ochave

Greenergy enters subscription agreement with Ocean Biochemistry

GREENERGY Holdings, Inc. has entered into a subscription agreement with Ocean Biochemistry Technology Research, Inc. (OBTRI).

Regional Updates (02/24/21)

STORM Auring, the first typhoon to hit the Philippines this year, left one person dead, two others injured and four still missing as of Wednesday morning, the national disaster management agency reported.

Shakey’s plans to open 15 pizza stores, 15 Peri-Peri outlets

SHAKEY’S PIZZA Asia Ventures, Inc. (SPAVI) is targeting to open 15 new Shakey’s and 15 new Peri-Peri Charcoal Chicken outlets in 2021.

SMC spends P1 billion to vaccinate personnel, extended workforce

SAN MIGUEL Corp. (SMC) is spending around P1 billion for a program that aims to vaccinate its 70,000 employees and extended personnel for free against the coronavirus disease 2019 (COVID-19).

AllHome opens new branch in Cauayan, Isabela

LISTED AllHome Corp. has opened another branch in Isabela as part of its ongoing expansion outside of Metro Manila.

PHL 2020 metals output up 1.13% by value

THE VALUE of the metallic mining industry’s output in 2020 rose 1.13% to P132.21 billion, driven by improved nickel volumes, the Mines and Geosciences Bureau (MGB) said.

Agricultural damage caused by Tropical Depression Auring estimated at P21.56M

CROP DAMAGE caused by Tropical Depression Auring (international name: Dujuan) was estimated at P21.56 million by the Department of Agriculture (DA).

Pork tariff reduction could kill domestic industry, Villar warns

SENATOR Cynthia A. Villar said she opposes a proposal to reduce the tariff on pork imports, saying that tariffs should fund programs to upgrade the industry’s competitiveness.

Rice Tariffication Law has not delivered promised reforms, FFF claims 

REPUBLIC ACT No. 11203 or the Rice Tariffication Law is not working as planned and has not delivered the promised reduction in prices and higher yields, the Federation of Free Farmers (FFF) said.

Fish could become more competitive as hog, chicken feed prices rise

FISH could become more attractive to consumers because of rising global prices of soybean and corn, which are key inputs in the production of feed widely used to prepare hogs and chickens for market, advocacy group Tugon Kabuhayan said.

Maynilad spends P189M for repair of pipe leaks in 2020

WATER concessionaire Maynilad Water Services, Inc. spent around P189 million for pipe leak repairs in 2020 as part of its program to reduce physical and commercial water losses.

Pork deliveries from provinces to Metro Manila in full swing

SOME 3,907 live hogs and 37,389 kilograms (kg) of pork were delivered to Metro Manila on Feb. 20 as the government tapped available supply in the provinces in a bid to fend off an inflation crisis headlined by rising pork prices.

NIA blacklists construction firm after Central Luzon project falls behind schedule

THE National Irrigation Administration (NIA) has blacklisted Green Asia Construction and Development Corp. after a project it was working on in Central Luzon failed to meet key progress milestones.

NIA bans 3 contractors for breach of obligation

THE NATIONAL Irrigation Administration (NIA) has blacklisted three contractors from any government procurement contract until early next year for failing to meet their obligations without a valid reason.

ATN Holdings suffers P2.56-M net loss

ATN Holdings, Inc. incurred a P2.56-million net loss for the third quarter of its fiscal year that ends on March 31 despite higher revenues.

Farmgate price of palay drops 0.5% in 3rd week of Jan.

THE average farmgate price of palay, or unmilled rice, fell 0.5% week on week to P16.64 per kilogram in the third week of January, with the price up 3.6% from a year earlier, according to the Philippine Statistics Authority (PSA).

Pandemic brings scams but education is key for investors — SEC...

INVESTORS have fallen victim to scams as the pandemic has left them with more screen time, the head of the Securities and Exchange Commission (SEC) said, as he advised Filipinos to educate themselves to prevent losing their hard-earned money.

Regional Updates (02/17/21)

CONSTRUCTION of the Panay-Guimaras-Negros (PGN) bridges will be passed on to the next administration, Senate Minority Leader Franklin M. Drilon said on Wednesday following a meeting with the government’s adviser for flagship projects.

PHL rice inventory drops 12.8% at start of 2021

THE national rice inventory declined 12.8% year on year to 2.33 million metric tons (MT) as of Jan. 1, the Philippine Statistics Authority (PSA) said.

Online platform seeks to attract young people to agriculture

THE Department of Agriculture (DA) said it tied up with IOT Technology, Inc. to develop an online application designed to help young agricultural entrepreneurs build their markets digitally.

Fish supply seen adequate in 2021

THE supply of fish in 2021 is expected to be adequate due to favorable production trends, though volcanic activity may affect the output of Taal Lake, according to a non-governmental organization.

Ayala unit sells Manila Water shares to Razon

A SUBSIDIARY of Ayala Corp. has agreed to sell its preferred shares in Manila Water Co., Inc. to Trident Water Co. Holdings, Inc. as control over the water concessionaire continues to shift.

Central Azucarera incurs P70.6-M net loss

LISTED sugar miller Central Azucarera de Tarlac, Inc. reported a P70.56-million net loss for the second quarter of its fiscal year that ends on June 30 despite higher revenues recorded during the period.

LANDBANK launches P2-billion credit facility to help fishing operators acquire boats,...

STATE-RUN Land Bank of the Philippines (LANDBANK) has launched a new credit facility worth P2 billion to help existing and potential commercial fishing operators acquire vessels.

Nutrition provider ADM moves to help mitigate spread of ASF

HUMAN AND animal nutrition provider ADM Philippines has partnered with the Philippine College of Swine Practitioners (PCSP) and other members of the private and public sectors in a program that will help local hog raisers address African Swine Fever (ASF) in Mindanao.

Regional Updates (02/16/21)

A farm-fishery project will be developed within the national penitentiary’s 80-hectare reservation area as part of the Department of Agriculture’s (DA) urban farming program.

STI Holdings net income down 40%

TANCO-led STI Education Systems Holdings, Inc. recorded a P90.32-million attributable net income for the October-December period of its fiscal year that ends on June 30.

Regional Updates (02/15/21)

MAYNILAD Water Services, Inc. planted 13,000 tree saplings and mangrove propagules last year under its watershed management initiative that aims to prevent flooding and soil erosion.

Hog repopulation, ASF control funding set at P2.1B

THE EFFORT to restore the hog population and curb the spread of African Swine Fever (ASF) has been allocated a combined P2.1 billion, Agriculture Undersecretary William C. Medrano said.

Pilmico Foods plans further investment in hog raising

PILMICO FOODS Corp. said it will continue investing in its hog raising business to participate in the restoration of the hog population, which has been decimated by African Swine Fever.

Foreign demand seen to boost nickel industry

THE country’s nickel industry is projected to have a strong year in 2021 as demand from foreign markets is expected to improve despite the coronavirus disease 2019 (COVID-19) pandemic.

Caps set on landed cost of hogs shipped to Metro Manila

THE Department of Agriculture (DA) has set maximum prices for the landed cost of hogs shipped to Metro Manila from farms across the country, in order to keep a lid on high pork prices and avert another inflation crisis.

Palay farmgate price rises 0.1% in second week of Feb.

THE average farmgate price of palay, or unmilled rice, rose 0.1% week-on-week to P16.72 per kilogram during the second week of February, with the price rising 4.6% from a year earlier, the Philippine Statistics Authority (PSA) said.

Philippines reports 173 new ASF outbreaks

THE PHILIPPINES recorded 173 new outbreaks of African Swine Fever (ASF), according to a report issued by the Bureau of Animal Industry (BAI).

SMC’s Ang sees Monterey revamp bringing down pork prices

A REORGANIZATION within San Miguel Corp. (SMC) that gives its Monterey meat brand control over hog sourcing is expected to realize efficiencies that will help bring down pork prices overall, SMC’s president said.

Regional Updates (02/10/21)

SOLONS called on the Department of Transportation (DoTr) to hold expressway operators similarly liable under a “3-strike” policy that will be imposed on road users who pass through tollroads without sufficient load on their radio-frequency identification (RFID) stickers.

SEC warns against investing in Royal O

THE Securities and Exchange Commission (SEC) has warned investors to avoid putting their money in Royal O Financial Consultancy Services, which has solicited investments...

Maynilad spends P1 billion for pipeline replacement

WEST ZONE water provider Maynilad Water Services, Inc. has spent P1 billion for the replacement of pipelines spanning 133 kilometers in 2020 as part...

Axelum gives details of its environmental, social, and governance platform

From coconut shells as feedstock to packaging materials turned fashionable bags, publicly listed Axelum Resources Corp. has enumerated the initiatives that made up its...

Farmers call for irrigation upgrades tailored to growing areas

UPGRADES to irrigation systems must be preceded by studies that evaluate the suitability of the works to the growing area, farmers said. Raul Q. Montemayor,...

Shares improve on vaccine news, Wall St.’s rise

PHILIPPINE shares ended in positive territory on Tuesday as market sentiment improved on the expected arrival of coronavirus disease 2019 (COVID-19) vaccines in the...

SMC plans transfer of hogs, facilities to raisers

THE FOOD UNIT of San Miguel Corp. (SMC) plans to transfer its nationwide hog inventory and facilities to local raisers, amid high retail prices of pork.

Cebu Landmasters maintains market lead in Visayas, Mindanao – SKF study

CEBU LANDMASTERS, Inc. (CLI) has retained the largest market share among real estate firms that establish condominium projects and subdivisions in Visayas and Mindanao in 2020, based on a recent market study.

Fruitas to venture in bakery business

LISTED Fruitas Holdings, Inc. will soon offer pandesal and other bread products in its community stores, the company said, citing customer demand for freshly baked bread.

PSEi composition intact after index review

THE main stocks index will have no changes in its composition after the regular stock performance review for the January-December 2020 period, the Philippine Stock Exchange, Inc. (PSE) said on Monday.