Security Bank Corporation’s Trust and Asset Management Group (TAMG) expects the Philippine Stock Exchange index (PSEi) to hit the 8,000-mark by the end of the year as the economy rebounds in 2022. In a webinar, the group shared its 2022 outlook for the Philippines equities market and how the contin
Sugar Regulatory Administration chief Hermenegildo Serafica(Screengrab of DA virtual briefer) MANILA - The plan of the Sugar Regulatory Administration (SRA) of the Department of Agriculture (DA) to import refined sugar is on hold due to two temporary restraining orders (TROs) obtained by sugar farmers associations in the Visayas. SRA Administrator Hermenegildo Serafica said in a virtual briefer on Tuesday importation is the best way to deal with the effects of Typhoon Odette, which destroyed mostly parts of Visayas and Mindanao in December 2021. Sugar Order No. 3 that was supposed to be implemented in March will ensure that the beverage and confectionary industry will not lack supply to manufacture their products, Serafica added. Industrial users will purchase from the 200,000 metric tons (MT) to be imported 100,000 MT bottler's grade refined sugar used by beverage companies while the other 100,000 MT standard refined sugar will be for food processors, such as confectionary maker
Harvesting tuna in General Santos City. (Screengrab from DA) MANILA - The Department of Agriculture (DA) is inviting foreign investors to look for opportunities in the country's agriculture and fisheries sector, particularly tuna. "We are proud exporters of tuna. We send this high-quality fish from General Santos City in Mindanao to the various parts of the world like the United Kingdom, Germany, and Japan their sashimi are from the Philippines," DA spokesperson Noel Reyes said in a virtual press briefing on Thursday. Agriculture Secretary William Dar is participating at the five-day Gulf Food Hotel and Equipment Exhibition and Salon Culinaire (Gulfood) at Dubai World Trade Centre, United Arab Emirates until Thursday to take on the global stage in promoting the country's agricultural products. "The fisheries sector also presents advantageous business ventures with Philippine waters stocked with unlimited fish supplies, and aquaculture as an emerging and promisi
Suggesting there are other measures that the Department of Agriculture (DA) could implement to reduce rampant fish importation and smuggling, Senator Imee Marcos indicated Sunday she now “really regrets” endorsing the confirmation of DA Secretary William Dar by the Commission on Appointments. “I really regret recommending Secretary Dar to the…