31 C
Makati City
Thursday, March 23, 2017
The country’s paddy-rice output could decline to below 18 million metric tons (MMT), after the quantitative restriction (QR) on rice is scrapped on June 30, according to a Global Agriculture Information Network (Gain) report. The Gain report, which was published by the US Department of Agriculture’s Foreign Agricultural Service (FAS) in...
The agriculture sector emerged as the biggest winner in President Duterte’s two-day official visit to Thailand, as Manila signed agricultural agreements with Bangkok, including a pact aiming to advance one of the country’s underdeveloped industries. In a news briefing in Bangkok on Wednesday, Philippine Carabao Center Executive Director Arnel del Barrio...
THE Bureau of Internal Revenue (BIR) filed a P9.56-billion tax-evasion case against local tobacco firm Mighty Corp. before the Department of Justice (DOJ) on Wednesday over the company’s reported use of fake tax stamps. According to the BIR, those included in the complaint were Mighty Corp. President Edilberto P. Adan, Executive...

Water everywhere

BUT not for drinking. Boys play basketball in floodwaters from a swollen creek at a coastal village in Malabon on July 8, 2015. According to UN-Water, the United Nations interagency coordination mechanism for all freshwater-related issues, 1.8 billion people use a source of drinking water contaminated with feces, putting them at...
TOURISM Secretary Wanda Corazon T. Teo on Wednesday expressed concern that statements by local politicians and media coverage on the state-inspired extrajudicial killings (EJKs) are turning away foreign tourists who would otherwise be holidaying in the Philippines. In a news conference in Bangkok during the state visit of President Duterte...
WITH inflation as the only downside among all major indicators, a think tank said the Philippine economy is a cinch to sustain its above 6.5-percent growth in the first quarter. “The investment-led growth of the economy appears intact in the first quarter, as robust national government spending and manufacturing-output gains last...
BANKS and trust entities showed less interest in the Bangko Sentral ng Pilipinas’s (BSP) 28-day term deposits, as bids were reported to be undersubscribed on Wednesday for the first time in the auction facility’s history. In particular, the amount tendered in the shorter tenor hit P39.19 billion, exceeding the P30...
THE interagency Investment Coordination Committee (ICC) has approved a total of 55 flagship projects that will be completed or rolled out under the current administration, according to the National Economic and Development Authority (Neda). Officials from the Neda recently told reporters in an interview that the total indicative cost of...
MANILA on Wednesday said it has asked Beijing to clarify China’s reported plans to build an environmental-monitoring station on a disputed shoal. Acting Foreign Secretary Enrique Manalo told reporters in the Thai capital Bangkok, where President Duterte is visiting, that his department asked for clarification on the reported planned construction on Scarborough...
Conclusion DEFENSE Secretary Delfin N. Lorenzana was the first to broach China’s plan in Benham Rise. The Benham Rise is a 13-million-hectare undersea region located east of Luzon, off the provinces of Isabela and Aurora. Last year the Department of Agriculture (DA) said Benham Rise is ideal for implementing long-line fishing,...
By Ma. Stella F. Arnaldo / Special to the BusinessMirror TOURISM Secretary Wanda Corazon T. Teo has called for a board meeting of the Tourism Promotions Board (TPB), as its employees went on their second protest day against their chief operating officer, this time wearing red last Friday. In a text message to...
Trade Secretary Ramon M. Lopez is opposing the plan to create a trade representative office—similar to the Office of the United States Trade Representative (USTR)—seeing an inefficient duplication in effort and resources between the proposed agency and the Department of Trade and Industry (DTI). “I haven’t seen the proposal, but...
The Philippine Amusement and Gaming Corp. (Pagcor) has approved the license for Lapu-Lapu City Casino, a $500- million integrated resort to be located on Mactan Island, Pagcor Chairman Andrea D. Domingo announced  on Tuesday at the opening of the three-day Asean Gaming Summit in Pasay City. Domingo said another application...
The Sugar Regulatory Administration (SRA) said it has allowed local traders and producers to export sugar to countries other than the United States to arrest the decline in the domestic price of sugar. The SRA issued Sugar Order (SO) 1-B, which authorized the reallocation of locally produced sugar in crop...
A leader of the House of Representatives has called on his fellow lawmakers to focus on the passage of priority measures, instead of wasting time on a “scrap paper” presented as impeachment complaint versus Vice President Maria Leonor G. Robredo. “Congress will only end up wasting time better spent on...
San Miguel Corp. (SMC) announced that the company would reduce operational water use by 50 percent across its businesses, employing measures that include water recycling, conservation and rainwater harvesting, among others, to meet this target by 2025. Coinciding with the World Water Day today (Wednesday), the Philippines’s largest conglomerate is...
The government is targeting to increase the output of green coffee berries to at least 214,626 metric tons (MT) by 2022 to end the country’s reliance on imports and allow farmers to export coffee. Under the Philippine Coffee Industry Road Map (PCIR) 2017-2022, a copy of which was obtained by...
Despite being against the law, wealthy households—especially those in gated communities—have been refusing to participate in state-sanctioned surveys, thus, distorting official data on income and economic-growth estimates in the country. This was disclosed in a policy  note authored by Philippine Institute for Development Studies (PIDS) Senior Research Fellow Jose Ramon...
President Duterte may not totally agree with urban-poor group Kadamay’s action to occupy idle housing units in Pandi, Bulacan, but the group’s militant assertion has found support—as well as research backing—in a think tank and a lawyers’ union. In an e-mail sent to the BusinessMirror, nonprofit research institution Ibon Foundation said...
By Ma. Stella F. Arnaldo / Special to the BusinessMirror HONGKONG-based Star Cruises is looking to set up more home ports in the Philippines, on the heels of its successful cruise launch from its new homeport in Manila. This was disclosed by Tourism Secretary Wanda Corazon T. Teo after the ceremony last...