Othel V. Campos

President mulls fishing ban

September 19, 2023
News
 Othel V. Campos
Stresses need to stop overfishing, boost fish supply, ensure food security President Ferdinand R. Marcos Jr. is considering seasonal fishing bans in breeding areas to address overfishing and boost aquaculture. Mr. Marcos stressed the need to increase fish supply as part of efforts to ensure food security. “Sometimes, it is necessary not to catch all […]
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NFA hiking palay buying price

September 17, 2023
News
 Othel V. Campos
To P22-23/kilo in time for wet season cropping, to boost buffer stocks The National Food Authority (NFA) is poised to raise the price at which the government buys palay or unhusked rice by as much as P3 to P4 per kilo, or about P22 to P23 per kilo, in time for the ongoing wet season […]
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DTI: 2023 investments likely to top P1.5-trillion target

September 12, 2023
Business
 Othel V. Campos
The Department of Trade and Industry (DTI) on Tuesday expressed optimism that investment approvals will surpass the P1.5-trillion target for 2023. Trade Secretary Alfredo Pascual said investment pledges already reached P800 billion so far, and with new commitments from the recent trade missions, “it’s just a matter of time in realizing the investment target.” “I […]
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Rice price cap off after 2 weeks

September 11, 2023
News
 Othel V. Campos
The government may lift the price caps imposed on regular and well-milled rice after two weeks and allow market forces to determine the right pricing for the staple, the Department of Trade and Industry (DTI) said Monday. At the same time, Finance Secretary Benjamin Diokno, who was quoted earlier as saying he was shocked by […]
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DOF eyes zero tax on imported rice

September 10, 2023
News
 Othel V. Campos
Diokno says temporarily lowering tariff to ensure stable supply at cheap prices The Department of Finance (DOF) wants to temporarily cut the tariff on imported rice from 35 percent to 0 percent—or at most 10 percent—to ensure the supply of the staple at affordable prices. “It is crucial that the government continue to adopt a […]
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DTI: 25K small rice retailers to get P15K aid before weekend

September 6, 2023
News
 Othel V. Campos
An initial batch of 25,000 resellers of regular and well-milled rice in Metro Manila markets will get a P15,000 subsidy to offset losses from having to sell their rice at government-imposed price ceilings before the week is over, the Department of Trade and Industry (DTI) said Wednesday. In an interview, Trade Assistant Secretary Agaton Uvero […]
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Manufacturing index fell in August

September 4, 2023
News
 Othel V. Campos
New factory orders fell and output growth cooled in August 2023, based on the latest S&P Global Philippine Purchasing Managers’ Index. S&P Global said for the first time in two years, the headline PMI—a composite single-figure indicator of manufacturing performance—posted below the neutral 50.0 threshold, indicative of a deterioration in the health of the Filipino […]
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