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AUTHORS
Jasper Emmanuel Arcalas
Jasper Emmanuel Arcalas
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Apex Mining profit grows 2% to P3.4 billion
by Jasper Emmanuel Arcalas - April 18, 2024 - 12:00am
Razon-led Apex Mining Co. Inc. grew its net income by two percent to P3.41 billion in 2023 from P3.34 billion in 2022 on the back of higher revenue brought about by better metal prices.
Didipio mine on track to hit output target
by Jasper Emmanuel Arcalas - April 18, 2024 - 12:00am
Didipio gold mine is on track to hit its 2024 production guidance after producing over 26,000 ounces of gold and 3,000 metric ounces of copper in the first quarter, OceanaGold Corp. said.
DA team 90 percent complete, says Tiu Laurel
by Jasper Emmanuel Arcalas - April 17, 2024 - 12:00am
Agriculture Secretary Francisco Tiu Laurel Jr. said his leadership team is now 90 percent complete, noting that he is just awaiting the appointment of his last undersecretary.
VMC net income tumbles on low sugar prices
by Jasper Emmanuel Arcalas - April 17, 2024 - 12:00am
Low sugar prices and output dragged the earnings of listed sugar miller Victorias Milling Co. Inc. by more than a third in the first half of its current crop year.
DA chief backs rice fund extension
by Jasper Emmanuel Arcalas - April 17, 2024 - 12:00am
The Department of Agriculture is supporting the extension of the rice competitiveness enhancement fund, and proposes tweaks to the program such as making the allocation more flexible and hiking the budget of key...
Red tape hinders Philippines investments – German envoy
by Jasper Emmanuel Arcalas - April 17, 2024 - 12:00am
Persisting red tape is the biggest hindrance to expanding investments in the Philippines, according to German Ambassador Andreas Pfaffernoschke.
PMI eyes use of Philippines tobacco in smoke-free products
by Jasper Emmanuel Arcalas - April 16, 2024 - 12:00am
Philip Morris International plans to use locally produced tobacco leaves in its smoke-free products following the inauguration of the P8.8-billion expansion of its local affiliate’s factory.
Tobacco output seen surpassing 42 million kg this year
by Jasper Emmanuel Arcalas - April 15, 2024 - 12:00am
The country’s tobacco production this year could expand to a three-year high of over 42 million kilograms on the back of higher demand and better prices, the National Tobacco Administration (NTA) said.
Government urged to abolish MAV system
by Jasper Emmanuel Arcalas - April 15, 2024 - 12:00am
The government should consider abolishing the minimum access volume (MAV) system as the mechanism is prone to corruption and favors only few entities, a member of the central bank’s Monetary Board (MB) sa...
OceanaGold listing moved to May 13
by Jasper Emmanuel Arcalas - April 15, 2024 - 12:00am
OceanaGold (Philippines) Inc. moved its stock market debut by six days to May 13 from its original plan of May 7 after the Philippine Stock Exchange (PSE) board approved the miner’s P7.88 billion listing ...
‘Vapedemic’ killing tobacco industry’
by Jasper Emmanuel Arcalas - April 15, 2024 - 12:00am
The proliferation of illegal, disposable vapes is reportedly killing the local tobacco industry as it reduces demand for tobacco-based products, leaving farmers with a shrinking market base.
Philippines to import less rice this year – USDA
by Jasper Emmanuel Arcalas - April 13, 2024 - 12:00am
The United States Department of Agriculture (USDA) has lowered its rice import forecast for the Philippines to 3.9 million metric tons (MT) as it expects the country to have a better harvest than earlier projec...
NFA OKs more competitive P30/k palay buying price
by Jasper Emmanuel Arcalas - April 12, 2024 - 12:00am
State-run National Food Authority is optimistic that it can now compete better with private traders in buying local palay after it was allowed to purchase palay or unmilled rice by as much as P30 per kilogram.
DALI targets 950 stores by year-end
by Jasper Emmanuel Arcalas - April 11, 2024 - 12:00am
DALI Everyday Grocery plans to open at least 300 new branches in Luzon as it targets to expand its total stores to as much as 950 by the end of the year, a ranking executive said.
Loans to agriculture sector ‘quadrupled’ in 2023
by Jasper Emmanuel Arcalas - April 11, 2024 - 12:00am
The banking sector’s loan disbursements to the agriculture sector quadrupled last year after the government widened the number of projects considered as compliant with the 25 percent requirement, a member of...
Government to boost disaster response with WFP aid
by Jasper Emmanuel Arcalas - April 10, 2024 - 12:00am
The government is beefing its disaster-response capacity this year as it is set to receive four new emergency vehicles from the United Nations’ World Food Program.
El Niño to slash coconut oil exports
by Jasper Emmanuel Arcalas - April 10, 2024 - 12:00am
The El Niño phenomenon is seen pulling down the country’s coconut oil exports by a fifth in market year 2024-2025 to 900,000 metric tons, according to an international agency.
NFA fails to meet palay procurement target in February
by Jasper Emmanuel Arcalas - April 9, 2024 - 12:00am
The National Food Authority continues to struggle in beefing up its rice buffer stock as its buying price remains uncompetitive against private traders, worsened by lesser harvest in February.
DA expects record-high palay harvest this year despite El Niño
by Jasper Emmanuel Arcalas - April 8, 2024 - 12:00am
The Philippines may produce a record-high volume of palay or unmilled rice this year of almost 21 million metric tons (MT) despite threats of El Niño on local farms, estimates from the Department of Agriculture...
‘Bird flu, ASF vax being smuggled in travel luggage’
by Jasper Emmanuel Arcalas - April 6, 2024 - 10:30am
Unauthorized vaccines against bird flu and African swine fever are reportedly being smuggled into the country in tumblers and plastic glasses concealed in travel luggage from Vietnam and nearby countries, according...
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