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Agriculture production shrinks 3 3% - BusinessWorld

BusinessWorld CROPS OUTPUT, which made up 59% of the agriculture sector’s total production, jumped 3.3% in the first quarter. PHILIPPINE STAR/ MICHAEL VARCAS THE COUNTRY’S agricultural output shrank by an annual 3.3% in the first quarter, as livestock and poultry production contracted, the Philippine Statistics Authority (PSA) reported on Monday. In a statement, the PSA said the value of production in the agriculture sector at constant 2018 prices dropped by 3.3% in the January to March period, lower than the -1.7% a year ago. However, this was still a slight improvement from the -3.8% posted in the fourth quarter of 2020. “This was due to the reduction in the livestock and poultry production. On the other hand, crops and fisheries both recorded increases in production,” the PSA said.

Performance of Philippine Agriculture (Q1 2021)

House panel OKs substitute bill providing free, culture-sensitive civil registration system for IPs

By ANNA FELICIA BAJO, GMA News Published May 10, 2021 10:06am The House Committee on Ways and Means on Monday approved the unnumbered substitute bill for the measure seeking to provide a free and culture-sensitive civil registration system for indigenous peoples. During the meeting, the panel approved the substitute measure for House Bills 1332 and 2812 titled An Act Providing for a Free and Culture-Sensitive Civil Registration System for Indigenous Peoples. The Committee on Ways and Means supports the passing of the tax provision of the unnumbered substitute (bill) without amendments, chairperson Joey Salceda said. In the House Bill 1332 filed by Representatives Arlene Brosas, Eufemia Cullamat, Carlos Isagani Zarate, Ferdinand Gaite, France Castro, and Sarah Elago, a civil registration system that is unique to the culture and tradition of IPs is being pushed.

Gov t hikes award of T-bills as rates drop further

Gov’t hikes award of T-bills as rates drop further May 11, 2021 | 12:04 am BW FILE PHOTO THE GOVERNMENT hiked the volume of Treasury bills (T-bills) it awarded on Monday as yields declined across the board on expectations that the central bank will keep benchmark interest rates unchanged this week. The Bureau of the Treasury (BTr) raised P30.2 billion via the T-bills on Monday, bigger than the programmed P25 billion, as the offering was almost four times oversubscribed. Total tenders reached P97.24 billion on Monday, slightly higher than the P93.9 billion in the previous week’s auction. The BTr also opened its tap facility to offer P7 billion more in 364-day securities.

Student leaders encourage youth voters to register

A voter applicant fills up a registration form at the Commission of Elections (Comelec) (PNA photo) According to data from Philippine Statistics Authority (PSA) and Commission on Elections (Comelec), 40 million Filipinos ages 18 to 35 are eligible to vote in 2022. Jonah Rae Hufano, Secretary and Education Head of the University of the Philippines Los Baños (UP-LB) Delta Lambda Sigma Sorority, stressed that exercising the right to vote is a way of “asserting for your rights as an individual.” “Most of the students right now were not registered voters in the past elections. That is why I think it’s high time for my fellow youth to take a stand and exercise their right to vote especially in the elections in 2022,” Hufano told the Manila Bulletin.

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