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Priceless
Time stands still, and the worries of the world seem so
far away for these children and their dog, as they relish
the irreplaceable joy of a swim in summer. The pristine
beauty belongs to Santiago Cove in Ilocos Sur, perhaps one
of the few remaining havens in a planet racing against
doom as climate change takes its toll around the world.
--MAURICIO VICTA |
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Record food prices stir unrest |
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SINGAPORE—Rice
climbed to a record and corn traded near its highest ever on
speculation food demand will outstrip supply as governments
curb exports to prevent unrest.
Soybeans
advanced for the third day and wheat gained as investors
bought agricultural commodities on concern abnormal weather
may curtail production and push down global inventories of
grains that are already at their lowest for at least 26
years. Rice jumped 2.4 percent in Chicago. |
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Higher rice quota of private biz nixed |
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STRONG
doubts have been raised on the proposal extending the
private sector twice as much rice quota as before in order
to address the perceived problem of inadequate supply of
rice in the country, Finance Secretary Margarito Teves said
Thursday. |
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Rice
yield hinges on weather |
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THE United
Nations’ Food and Agriculture Organization (FAO) said
additional world rice production would be enough for all
if—and this is a big if in today’s ever-changing weather,
laid down on the door of climate change—there is normal
weather all around. |
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Investments in irrigation, hybrids seen to boost rice |
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THE Catholic
Bishops’ Conference of the Philippines (CBCP) on Thursday
lamented the government’s solution to the rice crisis as the
prelates argued that the country should not look at
importation of the staple food as a “permanent arrangement.”
“Rice
importation is a response to rice crisis. But there must be
a limit to importations. It should not be the permanent
arrangement,” said CBCP president Archbishop Angel Lagdameo
in a statement entitled “Give us this day our daily rice.”
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Intel Cavite plant closure sparks talk of RP pullout |
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INTEL
Philippines Inc., the country’s largest semiconductor
exporter, will close its factory in
Cavite City,
a company senior executive confirmed to the BusinessMirror.
“There’s a
ramp-down of a product, the manufacturing of which would be
transferred to China,” the official, who spoke on condition
of anonymity, said. |
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Unilever’s new chief sees robust sales sustained |
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THE
Philippine operations of the Anglo-Dutch transnational
consumer-goods manufacturer Unilever is now headed by
Argentine Fernando Fernandez, who promised his best to top
the double-digit sales growth of 11 percent set by Sanjiv
Mehta, whom he is replacing, in only 14 months.
Fernandez,
former senior vice president global for the company’s hair
category, said he sees more growth in the sales of facial
care, culinary food and deodorant products. “The
personal-care business and market in the Philippines has a
great potential.” |
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MORE STORIES ... |
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SANJIV MEHTA
(left) formally turns over the Unilever Philippines
chairmanship to Fernando Fernandez (right). The new
Argentine chief says he is “delighted to have been chosen to
take up the challenge of growing business further and
bringing the vitality” of the firm’s mission to its
employees, partners, customers and communities.
--NONIE REYES
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