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Tag: Revin Mikhael D. Ochave

AgriNurture, PITC team up to import raw inputs for rice-corn production

LISTED agricultural firm AgriNurture, Inc. has partnered with the Philippine International Trading Corp. (PITC) on the importation of raw materials for the production of Bigas-Mais (BigMa) or rice-corn blend.

DA releases new agri goods SRP list for Metro Manila

THE DEPARTMENT of Agriculture has announced a new suggested retail price (SRP) list for agricultural products sold in wet markets across Metro Manila in line with the declaration of a Luzon-wide state of calamity following the recent series of typhoons.

Regional Updates (11/26/20)

THE PHILIPPINE Crop Insurance Corp. (PCIC) has so far released P347 million worth of indemnification funds to insured farmers and fisherfolk affected by the onslaught of recent typhoons and other calamities.

Palay farmgate price declines 0.4% in last week of October

THE AVERAGE farmgate price of palay, or unmilled rice, fell 0.4% week-on-week to P15.36 per kilogram in the fourth week of October, with the price down 1.4% year-on-year, the Philippine Statistics Authority (PSA) said.

PLDT partners with ASUS to offer WiFi 6 system 

PLDT HOME has partnered with Asus in bringing WiFi 6 technology and providing faster internet connection speeds to the internet provider’s subscribers starting Nov. 26.

Regional Updates (11/25/20)

SAN MIGUEL Corp. (SMC), in partnership with animal welfare organization Animal Kingdom Foundation, undertake an animal rescue operation in Taliptip, Bulakan, Bulacan, where about 70 abandoned dogs and cats are retrieved and brought to the Animal Kingdom shelter in Capas, Tarlac.

Maynilad extends water service interruption to Nov. 29

WEST ZONE water concessionaire Maynilad Water Services, Inc. said the rotational service interruptions its customers are experiencing will be extended until Nov. 29.

Regional Updates (11/24/20)

THE DEPARTMENT of Agriculture (DA) distributed P1.42 billion worth of assistance to farmers and fisherfolk in Quezon province who were affected by recent typhoons while their livelihoods have been weakend by the coronavirus disease 2019 (COVID-19) pandemic.

Fish supply declared sufficient until year’s end

THE fish supply has been judged sufficient to meet demand up to the end of 2020, according to the Department of Agriculture.

MWSS to Maynilad: Fix water supply, turbidity woes

THE REGULATORY office of the Metropolitan Waterworks and Sewerage System (MWSS) ordered west zone water concessionaire Maynilad Water Services, Inc. to explain and fix the service interruptions and turbidity issues in its water supply after the onslaught of Typhoon Ulysses.

Industry group says cement supply enough after typhoon

TYPHOON-AFFECTED areas such as the Bicol Region, Isabela, and Cagayan provinces will have ample supply of cement products to start the rehabilitation of infrastructure and houses, cement makers said on Monday as they dismissed the possibility of any shortage.

Stocks rise as investors hope for eased lockdown

PHILIPPINE shares ended in positive territory on Monday as investors were optimistic on the development of coronavirus disease 2019 (COVID-19) vaccines and the lifting of local quarantine measures at the end of the month.

Regional Updates (11/23/20)

CROP damage from rain and flooding during the onslaught of Typhoon Ulysses (international name: Vamco) is now at P4.18 billion, higher than the previous estimate of P4.03 billion, the Department of Agriculture (DA) said.

Commercial launch of ‘Golden Rice’ expected by 2023

THE COMMERCIAL propagation of Golden Rice is projected to begin by 2023, according to the Philippine Rice Research Institute (PhilRice).

SRP imposed on more meat, vegetable products

THE Department of Agriculture (DA) said it has expanded the list of basic commodities subject to a suggested retail price (SRP), including more types of meat and vegetables following the series of late-year typhoons that hit the Philippines.

Agriculture startup seeks to empower farmers through digital sale platforms

AGRO-DIGITALPH, a startup, hopes to organize a new “digital ecosystem” of farmers to encourage greater use of technology in the industry with the end goal of raising farmer incomes following the disruptions caused by the coronavirus disease 2019 (COVID-19) pandemic.

Corn industry asks government for more mechanical dryers rather than cash...

THE Philippine Maize Federation, Inc. (PhilMaize) said the provision of mechanical dryers will have a bigger long-term impact on the corn industry than financial or food aid for farmers.

San Miguel continues to ramp up corn purchases to boost income...

SAN MIGUEL Corp. (SMC), via its food division San Miguel Foods, has purchased 87,946 metric tons (MT) of corn from local farmers’ cooperatives in October to early November as part of its efforts to augment the income of farmers affected by the coronavirus disease 2019 (COVID-19) pandemic.

Cargill Philippines launches protection program vs ASF

CARGILL PHILIPPINES, Inc. recently launched a program that aims to protect pig farms from the effects of the African Swine Fever (ASF).

Nationwide round-up (11/19/20)

THE DEPARTMENT of Agrarian Reform (DAR) on Thursday launched a project that aims to speed up the distribution of individual land titles to 1.14 million agrarian reform beneficiaries.

Rice supply deemed sufficient despite typhoons — Dar

AGRICULTURE Secretary William D. Dar said the rice inventory is sufficient until the end of the year despite widespread crop damage caused by consecutive typhoons.

Dismal fourth-quarter farm output expected

THE RECENT SPATE of strong typhoons that devastated many rice and corn fields in northern Luzon will likely dampen the country’s agriculture output in the fourth quarter, experts said.

Regional Updates (11/18/20)

Occidental Mindoro has acquired motorbikes customized with a first-aid kit that will be used by quick response teams of the provincial disaster management office.

Rice researchers urged to focus on heat resistance

THE GOVERNMENT needs to focus rice research on rice varieties that can tolerate high temperatures in anticipation of the rise in global temperatures due to climate change, the Philippine Rice Research Institute (PhilRice) said.

Apex Mining net income grows on higher revenues, gold prices

Apex Mining Co.’s attributable net income surged nearly five times to P679.56 million in the third quarter due to higher revenues and better gold prices, the listed mining company said in a stock exchange disclosure on Tuesday.

Agri dep’t crop damage estimates from Typhoon Ulysses upgraded to P2.11B

CROP DAMAGE caused by Typhoon Ulysses (international name: Vamco) has nearly doubled to P2.11 billion as of Sunday, from the prior estimate of P1.17 million, the Department of Agriculture (DA) said.

DoST trying to find disease-resistant mango varieties

THE Department of Science and Technology (DoST) said it launched a three-year project to find mango strains resistant to scab and stem-end rot diseases.

DA distributes assistance worth over P250M to typhoon-affected farmers in Bulacan,...

THE Department of Agriculture (DA) said it distributed P250.25 million worth of assistance to farmers in Bulacan and Rizal who were affected by Typhoon Ulysses (international name: Vamco).

JG Summit ‘cautiously optimistic’ after posting P844-M profit

By Revin Mikhael D. Ochave, Reporter JG SUMMIT Holdings, Inc. returned to profitability as it posted a third-quarter net income of P844.1 million for its...

Tan’s LT Group reports double-digit profit growth despite revenue slide

Lucio C. Tan's holding company LT Group, Inc. posted a 10.9% increase in third-quarter net income to P6.08 billion for its parent equity holders...

Max’s Group incurs net loss as lockdown hits dine-in operations

Casual dining restaurant group Max’s Group, Inc. incurred losses of P377.48 million in the third quarter, a reversal of its profits a year ago,...

Fruitas cuts losses to P19M as revenues rise

FRUITAS HOLDINGS, Inc. has trimmed its losses to P19 million in the third quarter due to stronger consolidated revenues and lower operatisng expenses. In a...

Alliance Global posts P2.2-B profit as lockdown measures ease

ALLIANCE GLOBAL Group, Inc. (AGI) on Friday reported an attributalbe net profit of P2.03 billion in the third quarter as the looser quarantine measures...

Global Ferronickel income jumps 93% on higher export revenues

NICKEL-ore producer Global Ferronickel Holdings, Inc. reported a 93% increase in its net income to P1.56 billion as of September due to higher export...

Axelum posts lower profit, expects growth momentum

Axelum Resources Corp. posted a 12.3% decline in net income to P180.16 million for the third quarter despite the strong sales of its coconut...

Farm damage estimate for Typhoon Ulysses upgraded to P969.8-M

AGRICULTURAL damage caused by Typhoon Ulysses (international name: Vamco) was estimated at P969.8 million o Friday, against the previous estimate of P124.3 million, according...

Manila Water, Maynilad await gov’t negotiation on new contract

METRO Manila’s two water providers await the start of negotiations with the government after the Department of Justice confirmed that President Rodrigo R. Duterte approved the proposed contract governing their water concession.

Regional Updates (11/12/20)

GATES in three dams in Luzon were opened on Thursday following heavy downpour from typhoon Ulysses (international name: Vamco).

Crop damage estimate from Rolly upgraded to P5.79B

AGRICULTURAL DAMAGE caused by Typhoon Rolly (international name: Goni) was estimated at P5.79 billion, against the previous estimate of P5.01 billion, according to the Department of Agriculture (DA).

Farmers report difficulty accessing weather data

FARMERS have reported difficulty in accessing and making use of weather and climate data provided by the government weather service, known as PAGASA (Philippine Atmospheric, Geophysical and Astronomical Services Administration), according to studies conducted by the Philippine Institute for Development Studies (PIDS).

Global Ferronickel unit inks nickel supply deal with China’s Baosteel

GLOBAL FERRONICKEL Holdings, Inc. is set to supply more nickel ore next year after it signed a new agreement with Chinese firm Baosteel Resources International Co. Ltd.

Regional Updates (11/11/20)

THE Cardinal Santos Medical Center (CSMC) recently signed an agreement with the Philippine National Police (PNP) to provide medical services to members of the force.

Rice Tariffication Law tweaks seen better than return to old policy

DRAFTING policies that complement Republic Act No. 11203 or the Rice Tariffication Law should be the focus rather than seeking its repeal and returning to the old system, economists said.

Manila Water profit sinks 24% as units falter

EAST ZONE water concessionaire Manila Water Co., Inc. posted a 24% fall in net income to P3.20 billion for the three quarters ending September due to lower contribution from its units amid the coronavirus disease 2019 (COVID-19) pandemic.

E-voucher program to disburse cash aid to farmers, fishermen via DBP;...

THE Department of Agriculture (DA) said it entered into an agreement with the Development Bank of the Philippines (DBP) to offer an e-voucher program which will deliver subsidies to farmers and fisherfolk.