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Jasper Emmanuel Arcalas
Jasper Emmanuel Arcalas
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‘Rice tariff may revert to 35% if peso strengthens vs dollar’
by Jasper Emmanuel Arcalas - November 21, 2024 - 12:00am
The government may consider reverting rice tariffs to its previous rate of 35 percent if the peso strengthens below the 57 to $1 level, Agriculture Secretary Francisco Tiu Laurel Jr. said.
DBM releases guidelines for government’ eMarketplace
by Jasper Emmanuel Arcalas - November 20, 2024 - 12:00am
The Department of Budget and Management has released revised guidelines for the pilot launch of the government’s electronic marketplace, a digital platform that will facilitate faster procurement of common-used...
Government keen on keeping rice tariff at 15%
by Jasper Emmanuel Arcalas - November 20, 2024 - 12:00am
The government is looking at retaining the 15 percent tariff on imported rice until the first review period in 2025 to offset the possible detrimental effects of a weakening peso on the retail prices of the com...
BOC seizes P5 billion smuggled vapes
by Jasper Emmanuel Arcalas - November 19, 2024 - 12:00am
The Bureau of Customs said yesterday it seized at least P5 billion worth of smuggled vaporized nicotine or vape products from January to October as the BOC doubled down on its campaign against illicit vape trad...
Rice tariff collections hit record-high P30 billion
by Jasper Emmanuel Arcalas - November 19, 2024 - 12:00am
The country’s rice tariff collections reached a new record high after breaching the P30 billion mark, guaranteeing the amount needed to bankroll the proposed expanded state programs aimed at developing the...
‘Rice farm mechanization level to hit 3 hp/ha by 2031’
by Jasper Emmanuel Arcalas - November 18, 2024 - 12:00am
The average mechanization level of the country’s rice farms could hit three horsepower per hectare by 2031, improving the sector’s productivity while reducing labor costs, the Philippine Center for Postharvest...
Philippines eyes $1.6 million exports of avocados to Japan in 2025
by Jasper Emmanuel Arcalas - November 18, 2024 - 12:00am
The country plans to export almost half a million kilos of Hass avocados next year to Japan after gaining market access to the Asian market recently following the conclusion of 13 years of negotiations.
Apex profit soars as gold prices rally
by Jasper Emmanuel Arcalas - November 17, 2024 - 12:00am
Razon-led Apex Mining Co. Inc. said its net income from January to September rose by a third to P3 billion as revenues soared, driven by higher ore milled and elevated gold prices.
Corn imports seen to ease to 1.5 million MT
by Jasper Emmanuel Arcalas - November 15, 2024 - 12:00am
The Philippines’ corn imports are expected to drop slightly to 1.5 million metric tons in the current market year due to lower world corn shipments and weak recovery in production.
Manila Water profit jumps 39% to P10 billion
by Jasper Emmanuel Arcalas - November 15, 2024 - 12:00am
Razon-led Manila Water Co. Inc. reported a 39 percent year-on-year jump in its net income in the nine months ending September, driven by double-digit increase in its revenues on the back of higher tariff and billed...
Rice imports hit new record high
by Jasper Emmanuel Arcalas - November 14, 2024 - 12:00am
The Philippines remains the world’s largest rice importer as imports reached a new record high of nearly 3.9 million metric tons, latest Bureau of Plant Industry data showed.
DA elevates programs to boost banana output, recover market share
by Jasper Emmanuel Arcalas - November 14, 2024 - 12:00am
The Department of Agriculture is stepping up its programs, from credit assistance to preferential tariff agreements, to help the banana industry get back on its feet amid persisting production woes and stiffer competition...
Legislated funding eyed to revitalize ailing banana industry
by Jasper Emmanuel Arcalas - November 13, 2024 - 12:00am
The government and industry stakeholders are looking at legislating a plan that will not just revitalize the country’s ailing banana sector but also salvage the country’s eroding market share abroad...
Vitarich income quadruples to P260 million
by Jasper Emmanuel Arcalas - November 12, 2024 - 12:00am
Vitarich Corp.’s cost-cutting strategy paid off in the nine months to September as its net income quadrupled to nearly P260 million, the company said in a statement.
Government sets P1 billion spending to boost seaweed industry
by Jasper Emmanuel Arcalas - November 12, 2024 - 12:00am
The Bureau of Fisheries and Aquatic Resources will spend P1.06 billion next year to boost the domestic seaweed industry and hike the export of one of the country’s prized commodities.
West Philippine Sea tension, production woes shrink banana exports to China
by Jasper Emmanuel Arcalas - November 12, 2024 - 12:00am
Rising geopolitical tensions in the West Philippine Sea is impacting Filipino banana growers as China has cut back its purchases of the country’s prized commodity, worsening the erosion of the Philippines’...
Philippines defers additional sugar import plans until mid-2025
by Jasper Emmanuel Arcalas - November 11, 2024 - 12:00am
The government deferred any sugar importation plans until the middle of next year or until after the harvest season to protect domestic producers as nationwide stocks of the commodity remain ample to prevent any...
Philippines to import 5 MMT rice
by Jasper Emmanuel Arcalas - November 11, 2024 - 12:00am
Five million metric tons. Or five billion kilograms.
Lift ban on Golden Rice, High Court urged
by Jasper Emmanuel Arcalas - November 10, 2024 - 12:00am
The Philippine Rice Research Institute has asked the Supreme Court to reverse the appellate court’s decision which halted the commercial propagation of Golden Rice in the country.
Palay harvest falls on smaller area, inclement weather in Q3
by Jasper Emmanuel Arcalas - November 10, 2024 - 12:00am
The country’s palay output continued to contract for the third straight quarter, with production falling by 12 percent on an annual basis in the July-to-September period as planted area shrank, worsened by...
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