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Tag: Vincent Mariel P. Galang

Miner sells Subic property

DIZON Copper-Silver Mines, Inc. is selling more than 20,000 square meters (sq.m.) of land in Subic, Zambales.

Sugar output falls over 29% in late Nov.

THE Sugar Regulatory Administration (SRA) said that sugar production in the third week of November was down 29.05% year-on-year.

Banana exports up 41%; industry still lobbying to lower S. Korea...

BANANA exports totaled 3.593 million metric tons (MT) in the first 10 months of 2019, up nearly 41% from a year earlier, the Philippine Statistics Authority (PSA) said.

Farmers receive P3B worth of rice seeds

MORE than 300,000 bags of inbred seeds worth P3 billion have been given out to 46 provinces under the Rice Competitiveness Enhancement Fund (RCEF), the Agriculture department said on Wednesday.

Industry brings up fisheries dep’t campaign promise

THE fisheries industry continued its lobbying for the establishment of a Department of Fisheries, saying a dedicated Cabinet-level office will better promote the sector’s development.

Damage to agriculture from Tisoy reckoned at P3.67 billion

DAMAGE TO agriculture from Typhoon Tisoy (international name: Kammuri, was estimated at P3.67 billion, the Department of Agriculture (DA) said.

Coconut farmers need more market options amid low copra prices —...

THE restructuring of the coconut industry should focus on extracting value-added from all parts of the tree, while farmers should be allowed to tap whatever market opportunities present themselves, including selling trees for lumber, an expert said.

PSEi declines anew on positive US jobs report

PHILIPPINE SHARES failed to sustain their recovery on Monday as investors poured money into the US market on the back of better jobs market data.

Financial compensation expected to encourage ASF self-reporting

THE Department of Agriculture (DA) said it will offer financial assistance to hog farmers who file early reports about possible African Swine Fever (ASF) outbreaks in their herds, to reduce the possibility of diseased pigs making it to market.

PhilMech studying ways to reduce sweet potato harvest losses

THE PHILIPPINE Center for Postharvest Development and Mechanization (PhilMech) said it is studying how to reduce losses in the sweet potato harvest to reduce damage to the produce, which depresses the prices farmers can obtain.

Nickel ore output seen at 40-50 million MT in 2020

THE Philippine nickel industry expects expanded production next year to fill the gap left by Indonesia’s nickel ore export ban to between 40 and 50 million wet metric tons (WMT) of ore, possibly accompanied by higher prices due to supply concerns.

Shares flat in listless trade

PHILIPPINE SHARES managed to crawl back above 7,800 on Friday even as investors had already factored in November inflation that came in as expected by the market.

FDA allows ASF-free Mekeni to sell pork products

THE Food and Drug Administration (FDA) has allowed the redistribution of pork-based products of Pampanga-based Mekeni Food Corp. after these were cleared of the African Swine Fever (ASF) virus.

Roxas Holdings swings to loss

ROXAS Holdings, Inc. (RHI) swung to a net loss in its fiscal year ended Sept. 30, due to lower sugar production and higher costs.

Fish prices shoot up amid closed season; DA approves importations

PRICES of fish have gone up during the closed fishing season, the Department of Agriculture (DA) said on Thursday.

Output losses from typhoon reach almost P2B

PRODUCTION losses from Typhoon Kammuri, which battered several provinces south of the Manila early this week, have reached P1.93 billion, the Agriculture department said on Thursday.

At least a dozen people killed as Typhoon Kammuri leaves

AT least 12 people died after Typhoon Kammuri battered several provinces south of the Philippine capital this week, police said yesterday as the storm left the country.

PSE proposes more conditions for firm’s voluntary delisting

THE Philippine Stock Exchange, Inc. (PSE) on Wednesday released proposed amendments to its voluntary delisting rules, as it seeks to protect minority shareholders.

Stocks decline further on Duterte, Trump remarks

SHARES continued their sluggish performance on Wednesday amid developments here and abroad.

Tisoy leaves trail of destruction

TYPHOON Kammuri, locally named Tisoy, left a trail of destruction as strong winds and heavy rain battered the Bicol region in central Philippines on Tuesday, leaving at least two people dead.

Palay prices firm in third week of November

THE average farmgate price of palay, or unmilled rice, rose 0.5% week-on-week in the third week of November to P15.52 per kilogram (kg), reversing an unbroken months-long streak of declines since rice imports were liberalized.

PHL firms seen to hike salaries by 6% in 2020

PHILIPPINE companies are forecast to increase salaries by 6% next year, as they focus more on retaining current employees, according to a survey conducted by Mercer.

Gov’t keeps ban on mature coconuts

THE Philippine Coconut Authority (PCA) board has decided not to lift the ban on exports of mature coconuts as copra prices improve and to support the country’s plan to enhance value-adding activities for the commodity, Agriculture Secretary William D. Dar said on Tuesday.

Mining firms urged to collaborate with DOST on research and development

MINING companies are encouraged to work with the Department of Science and Technology (DOST) to come up with new innovations to help the local mining industry grow and be more competitive.

Colliers expects ‘sustained’ Philippine property market over next two years

COLLIERS International Philippines said it is seeing a “sustained” property market over the next two years, fueled by growth in private construction backed by increasing public infrastructure spending.

Gold prices seen supported by trade tensions, Brexit

GOLD PRICES are expected to remain at about $1,450 per ounce (oz) in the next three to six months into 2020, supported by the precious metal’s safe-haven value in the face of the US-China trade war, Brexit, and unrest in various parts of the world, including major gold market Hong Kong, Fitch Solutions Macro Research said in its Commodity Price Forecast.

Sugar industry seeking performance audit for SRA

THE Confederation of Sugar Producers (CONFED) is seeking a performance audit of the Sugar Regulatory Administration (SRA) to ensure it is able to perform its mandate.

Fruitas store network hits 1,000

FRUITAS Holdings, Inc. said its store network now exceeds 1,000, as the food and beverage kiosk operator is set to list on the stock exchange on Friday.

Century Pacific Food launches its own coconut product brand

CENTURY Pacific Food, Inc. (CNPF), maker of Century Tuna and Argentina corned beef, is expanding into coconut products with the introduction of its own brand Coco Mama Fresh Gata.

PHL, S. Korea sign fisheries, aquaculture agreement

THE Department of Agriculture (DA) has signed a memorandum of understanding (MoU) with South Korea’s Ministry of Oceans and Fisheries (MOF) to collaborate in fisheries management and trade.

20-40% salary rise seen for job movers in 2020

PROFESSIONALS who are planning to switch jobs in 2020 can expect to get a 20-40% increase in their salaries, according to London-based recruitment consultancy firm Robert Walters.

Taiwanese firm launches $1M-gold processing facility in Camarines Norte

XIN YE Precious Metal Technology Co. Ltd. on Monday launched its first $1-million gold processing facility in Jose Panganiban, Camarines Norte.

ASF containment plan could be issued as AO

THE national zoning plan for controlling the spread of African Swine Fever (ASF) will be implemented as an administrative order (AO) to ensure effective implementation, the Department of Agriculture (DA) said.

Nickel prices seen driven by Indonesia export ban, auto industry demand...

NICKEL prices are expected to gradually increase between 2020 and 2022 due to tight supply as a result of the export ban imposed by Indonesia, the mineral’s top producer, and the growing demand from the automotive industry, Fitch Solutions Macro Research said.

Nickel miners see stronger 2020 due to Indonesian export ban

THE Philippine Nickel Industry Association (PNIA) is projecting stronger production in 2020 on the back of a nickel export ban by Indonesia and higher prices.

Banana lobby hopes gov’t intervenes to bring down South Korea tariffs

BANANA growers are pushing the government to help bring down high tariffs imposed by South Korea on their produce as rival banana producers erode the industry’s share of its third most-important market.

Paper project using pineapple seen cutting plastics use

AN arm of the Department of Trade and Industry (DTI) said it is hoping to raise farmers’ incomes by using waste material from the pineapple-growing progress to make specialty paper that can replace plastic packaging.

Farmers rue broken promises on rice import ban

FARMERS said the government has been inconsistent in its policy statements after it backed down from an earlier announcement suspending rice imports in order to prop up farmer incomes during the harvest.

NFA palay acquisitions 11.52 million bags in year to date

THE National Food Authority (NFA) said it has procured 11.52 million bags of palay, or unmilled rice, as of Nov. 20, amid the ongoing rice harvest.

Philex says Silangan timetable could slip if no financing by first...

BAGUIO CITY — Philex Mining Corp. said the initial stages of development of its Silangan gold and copper project in Surigao del Norte could be delayed if it canot raise $350 million in financing by the first half of 2020.

SMC pilot-testing road made from recycled plastics

SAN MIGUEL Corp. (SMC) said it conducted pilot tests on the first road in the Philippines made from recycled plastics, to help address the country’s plastic waste problem.

Gov’t backs down from rice import halt

THE GOVERNMENT has backed down from suspending rice importation amid the ongoing harvest, saying on Thursday that it will be stricter on issuance of sanitary and phytosanitary import clearances (SPSIC) instead.

Baguio targets closure of small mines by first half of 2020

BAGUIO CITY -- Baguio City hopes to close all small-scale mines within city limits by the first half of 2020 as an environmental-protection measure.

BSP sees no inflation impact from halt to rice importation

SUSPENSION of rice importation amid the ongoing harvest, as ordered by President Rodrigo R. Duterte, should have no impact on inflation, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said on Wednesday.

Global Ferronickel to sell 1-M WMT of ore to Baosteel

GLOBAL Ferronickel Holdings, Inc. (GFNI) agreed to ship one million wet metric tons (WMT) of ore to Baosteel Resources International Co. Ltd. in 2020.