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Cabangon receives Outstanding Civic Leader Award from PAO • BusinessMirror

CHAIRMAN of the ALC Group of Companies D. Edgard A. Cabangon was recognized as the Outstanding Civic Leader during the 5th National Convention of the Rank and File Employees of the Public Attorney’s Office (PAO). The ceremony was held at the Philippine International Convention Center (PIIC) on October 11, 2023. The award was presented to
Antoniol Cabangon Chua Persidav Rueda Acosta Bernard Testa National Convention Of The Rank File Employees Of The Public Attorney Office Group Of Companiesd Edgarda Cabangon

P230-B funds, 120K jobs eyed in Halal roadmap • Andrea E. San Juan

THE Philippines will launch a National Halal Strategy which aims to generate P230 billion in investments and create 120,000 jobs in five years and support small merchants in becoming part of a global halal ecosystem, according to the Department of Trade and Industry (DTI). In a statement it issued on Thursday, the Trade department said
United Arab Emirates Bangko Sentral Ahmed Al Zeyoudi Asia Pacific Bernard Testa Alfredoe Pascual

Rice sufficiency level falls to 24-year low • Jasper Y. Arcalas

THE Philippines’s self-sufficiency ratio (SSR) in rice fell to 77 percent in 2022, the lowest in more than two decades, as the country remained as one of the world’s largest importers of the staple. Latest data released by the Philippine Statistics Authority (PSA) showed that the country’s rice SSR last year was lower than the
Quezon City Luisitoc Abueg Bernard Testa Roehlano Briones Marcos Jr Leonardo Lanzona

Anti-inflation panel pitches extending low tariffs on food • Jasper Y. Arcalas

THE state's inter-agency council on inflation has proposed to President Ferdinand R. Marcos Jr. the extension of the lower tariff rates on rice, pork and corn to combat the quickening increase in food prices, according to the Presidential Communications Office (PCO). The disclosure of the proposal made by the Inter-Agency Committee on Inflation and Market
Edwin Mapanao Arseniom Balisacan Bernard Testa Ferdinandr Marcos Jr Agency Committee On Inflation Department Of Agriculture

Data link rice production cost to poverty incidence • Cai U. Ordinario

Palay (unmilled rice) production cost was the highest in regions where poverty incidence was above 10 percent, according to the latest data released by the Philippine Statistics Authority (PSA). PSA said the average cost of producing palay in the Philippines was P14.98 per kilogram in 2022. However, Central Visayas, Calabarzon, and the Bangsamoro Autonomous Region
Philippines General Cagayan Valley Bernard Testa Department Of Agriculture Philippine Statistics Authority Bureau Of Agricultural Research

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'Tariff cuts could slash rice farmers' income by ₧8/kg' • Jasper Y. Arcalas

Planters could lose almost P8 per kilogram due to the decline in farmgate prices if the proposed reduction in tariff was approved, according to the Department of Agriculture (DA). In its position paper submitted to the Tariff Commission, the DA expressed “reservation” in supporting the proposal by the private sector to reduce the tariff on
Marcos Jr Bernard Testa Department Of Agriculture Tariff Commission Rice Farmer Financial Assistance

'Government spending will boost GDP growth in Q3' • Andrea E. San Juan

Improved government spending may drive the country’s GDP growth to as much as 5.2 percent in the third quarter, according to a local think tank. In its latest Market Call report, the First Metro Investment Corporation-University of Asia and the Pacific (FMIC-UA&P) Capital Market Research said GDP growth in the third quarter may reach 5
Bernard Testa First Metro Investment Corporation Food Services Pacificp Capital Market Research University Of Asia Market Call

PCG, BFAR score China's bid to block Bajo De Masinloc • Rex Anthony Naval

THE Philippine Coast Guard (PCG) on Sunday scored the installation by the China Coast Guard (CCG) of a floating barrier at the southwest portion of Bajo De Masinloc (BDM), preventing the entry of Filipino fishing boats (FFB) and their crews. Joining the outcry was the Bureau of Fisheries and Aquatic Resources (BFAR). This act of
Sierra Madre Philippines General Ilocos Norte Scarborough Shoal Gilbertoc Teodoro Jr Datu Bankaw

AMRO: PHL growth will be slower, 5.9% in 2023

THE Philippine economy is now expected to post slower growth on the back of weaker external demand and high base effects, according to the Asean+3 Macroeconomic Research Office (AMRO). AMRO said in a statement on Tuesday that it now projects the country’s GDP growth to average 5.9 percent in 2023…
Runchana Pongsaparn Bangko Sentral Bernard Testa Group Head Macroeconomic Research Office Research Office

Marcos vows tourism support, travel fair sees sales topping '22

Ma. Stella F. Arnaldo / Special to the BusinessMirror PRESIDENT Marcos Jr. assured the tourism industry of his administration’s continued commitment, as he acknowledged it as a “strong pillar of our economic growth.” In a speech at the opening of the 3-day 34th Philippine Travel Mart (PTM) on September 1,…
Pasay City Philippines General Ilocos Norte Muntinlupa City Christina Frasco Bernard Testa

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