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DA sees RCEF boosting palay output after missing 2019 goal

THE Department of Agriculture (DA) has set its production target for palay, or unmilled rice, at 19.6 million metric tons (MT) for 2020, with production receiving a boost from seed distribution backed by the Rice Competitiveness Enhancement Fund (RCEF).

DENR sets January ECC hearing for Cebu quarry

THE Department of Environment and Natural Resources (DENR) is set to conduct a public hearing for the Environmental Compliance Certificate (ECC) application of Cebu-based mining firm Citadel Mining Corp. (CMC) for its mine site in Danao City.

Bidders invited for fish port rehab consulting services

THE Philippine Fisheries Development Authority (PFDA) is inviting bidders to offer consulting services for the rehabilitation of the Lucena City fishport, as well as the construction of fish ports in Davao and Iloilo.

DA confirms ASF in QC supermarket meat display

THE Department of Agriculture (DA) said Friday it has confirmed a case of African Swine Fever (ASF) in a Quezon City meat dealer’s produce chiller.

DA authorizes red onion imports until Feb.

THE Department of Agriculture (DA) said it issued import clearances for red onions to address the inadequate domestic supply.

POGOs to remain demand driver of Metro Manila offices

METRO MANILA’S office space is expected to grow by 5% this year, with Makati City accounting for most of the supply, a property consultant said, while pointing to demand as continuing to be driven by offshore gaming operators.

Palay farmgate price resumes fall after brief gains

THE AVERAGE farmgate price of palay, or unmilled rice, declined 0.1% week-on-week to P15.55 per kilogram (kg) in the fifth week of November, breaking a two-week run of gains, the Philippine Statistics Authority (PSA) said.

Sugar production falls over 27% as of early Dec.

THE Sugar Regulatory Administration (SRA) said sugar production as of the first week of December fell 27.48% year-on-year.

ALI targets REIT offering this year

AYALA LAND, Inc. (ALI) said that it is still pushing through with its real estate investment trust (REIT) offering this year.

Wela Online looking to expand market, products

MINDANAO-BASED tech-startup Wela Online Corp. is eyeing to expand its market and diversify its products by 2021.

Poultry imports rise amid ASF; oversupply seen

IMPORTS of day-old chicks (DOC) -- the key raw material for the poultry industry -- rose 8% year-on-year in the nine months to September, the Department of Agriculture (DA) said.

Shares to climb on budget’s signing, trade deal

LOCAL SHARES are seen to move upwards on the first trading day and week of 2020 as investors expect the signing of the national budget for this year and positive developments in the US-China trade war.

Typhoon death toll rises to 28, agri damage over P600M

THE DEATH toll from typhoon Ursula (international name: Phanfone) has risen to 28 as authorities continue to take stock of the devastation in central areas of the Philippines.

Tiu’s ANI eyes JV with BuCor for Palawan property

AgriNurture, Inc. (ANI) is seeking to forge a joint venture with the Bureau of Corrections (BuCor) to develop the latter’s 2,000 hectare property in Palawan into an agri-tourism corn plantation.

DoE allows Semirara mine to resume operations

THE Department of Energy (DoE) has lifted the suspension order imposed on Semirara Mining and Power Corp’s (SMPC) coal mining operations in Semirara Island in Antique province.

DPWH orders faster construction of two projects

THE DEPARTMENT of Public Works and Highways (DPWH) has ordered the faster completion of two big ticket projects under the government’s Build, Build, Build, program in Central Luzon.

PSE index slips on last trading day of 2019

LOCAL shares continued its sluggish performance on the last trading day of 2019, on as investors took profits ahead of the long holiday.

Miner sells Subic property for P100M

DIZON COPPER-SILVER Mines, Inc. on Thursday said that it has agreed to sell its property in Subic, Zambales to a real estate developer for P100 million.

DAR transfers functions to BARMM counterpart

THE Department of Agrarian Reform (DAR) said it has turned over its functions to the Ministry of Agriculture, Fisheries, and Agrarian Reform (MAFAR) of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM).

DENR meets biodiversity targets

THE Department of Environment and Natural Resources (DENR) said it has surpassed its 2019 targets for biodiversity preservation.

PSEi falls as volume thins ahead of year’s close

PHILIPPINE SHARES failed to sustain their gains on Thursday as investors anticipate little market activity as the year comes to an end.

Stocks seen climbing further on window dressing

LOCAL SHARES are seen to sustain their upward momentum on Thursday backed by the continued recovery of water stocks, window dressing, and expectations of a better year ahead.

Nueva Ecija rice farmers to get P219M assistance

A TOTAL of P219 million under the Rice Farmers Financial Assistance Program (RFFAP) will be released to growers in Nueva Ecija, the Department of Agriculture (DA) announced.

DA sets agricultural output growth target of 4% by 2022

THE Department of Agriculture (DA) hopes to elevate agricultural production growth to 4% by 2022 with a package of measures promoting the development of small businesses and financial assistance to farmers.

SEC approves Arthaland’s green bond shelf offering

THE Securities and Exchange Commission (SEC) has approved Arthaland Corp.’s shelf registration for ASEAN Green Bonds of up to P6 billion.

ALI: No plans to develop project in Sagada

AYALA LAND, Inc. (ALI) on Monday denied reports it is developing a tourism project in Sagada, Mountain Province.

Shares end higher on last-minute buying

SHARES ended in the green territory on Monday on last-minute buying despite more foreign outflows.

Meat imports rise nearly 2% in first 10 months

MEAT and meat products imports rose about 2% in the first 10 months of 2019, the Bureau of Animal Industry (BAI) said.

DA to press for release of P2 billion for quarantine inspection...

AGRICULTURE Secretary William D. Dar said that the Department of Agriculture (DA) will be requesting in January the release of P2-billion in funds budgeted to set up border quarantine facilities in selected ports of entry.

Metal mines output up 6.5% by value

THE value of production generated by metal mines rose 6.5% year-on-year in the first nine months to P99.58 billion, the Mines and Geosciences Bureau (MGB) said.

DA says ASF cases tapering off

AGRICULTURE SECRETARY William D. Dar said on Thursday that cases of African Swine Fever (ASF) in the country is already on the decline.

Farm growth expected to have steadied

AGRICULTURE PRODUCTION likely sustained growth this quarter despite storms that cost the sector about P4 billion worth of losses, a Cabinet official and private sector experts said in recent interviews.

Duterte tries to tame hunger through rice imports

NILO BINALANGBANG, 61, has been tilling two hectares of land in Occidental Mindoro -- one of the rice-producing provinces south of the Philippine capital -- for about 20 years now.

Palay output estimated to rise to 7.70 MMT in fourth quarter

PRODUCTION of palay, or unmilled rice, in the fourth quarter is estimated at 7.70 million metric tons (MMT), up 7.6% year-on-year, the Philippine Statistics Authority (PSA) said.

Shares extend climb as water stocks rebound

PHILIPPINE SHARES continued their recovery on Wednesday as water stocks surged on the back of favorable developments in their issues with the government.

DENR opposes taxing plastic bags by weight

THE Department of Environment and Natural Resources (DENR) said it supports taxing single-use plastic shopping bags on a per-piece basis, saying that taxing by weight would worsen the plastic pollution problem.

Rice inventory little changed in Oct. as NFA holdings surge

THE national rice inventory was estimated at 2.962 million metric tons (MT) as of Nov. 1, down 1.3% from a year earlier, the Philippine Statistics Authority (PSA) said.

Gov’t fast-tracks environment permits for infrastructure

THE DEPARTMENT of Environment and Natural Resources (DENR) has streamlined the process for acquiring environmental compliance certificates (ECCs) for projects under the “Build, Build, Build” program.

VMC full-year profit up 6% on higher sugar prices

VICTORIAS Milling Company Inc. (VMC) has reported a 6% growth in its attributable income for fiscal year 2019, driven by high sugar prices and the early start of operations of its distillery plant.

DA cash transfers to rice farmers to start Dec. 23

THE Department of Agriculture (DA) and government banks have agreed on the mechanisms for disbursing P5,000 worth of cash assistance to rice farmers most affected by the decline in the price of palay, or unmilled rice, due to the Rice Tariffication Law, with payouts to start Dec. 23.

Philippines signs agreement with Indonesia to train coffee farmers

THE Philippines and Indonesia have signed a partnership to upgrade the skills of Filipino coffee farmers in order to boost their productivity, industry officials said.

Shell foundation sets up Quezon hubs for alternative coconut products

PILIPINAS Shell Petroleum Corp.’s social investment arm Pilipinas Shell Foundation, Inc. (PSFI) has partnered with an oil and fats manufacturer to provide coconut farmers in Quezon province more possible income streams from their harvest’s byproduct.

Burnt manufacturing plant not an ecozone firm, PEZA clarifies

THE PHILIPPINE Economic Zone Authority (PEZA) clarified on Friday that the manufacturing plant that burned down early December is not a PEZA-registered firm nor is it located within the Cavite Economic Zone (CEZ).

Fitch Solutions trims 2020 PHL sugar production forecast

SUGAR PRODUCTION in the Philippines for crop year 2019/2020 is projected to reach 2.1 million tons amid higher domestic consumption and as local prices remain higher than global levels, Fitch Solutions Macro Research said in its industry trend analysis.

PCC approves Mikuni Toyo’s acquisition of Hitachi Terminals

THE PHILIPPINE Competition Commission (PCC) has approved the full acquisition of Hitachi Terminals Mechatronics Philippines Corp. by Japanese firm Mikuni Toyo Co., Ltd. as the transaction is not seen to lessen competition in the domestic market.