Recent Posts

Rice imports rise to 3.4-MMT as of mid-October

By Rose de la Cruz Despite earlier  protestations of the Department of Agriculture on the rice import projections of the US Department of Agriculture of 4.9 million metric tons in 2024, actual arrivals as of mid-October already hit 3.4 MMT or 95 percent of actual shipments of 3.61 MMT in 2023.  Clearly, at this rate, the numbers suggest that by …

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Mindanao Container Terminal welcomes new Evergreen, Wan Hai Lines joint service

Mindanao Container Terminal (MCT), International Container Terminal Services, Inc.’s (ICTSI) operation in Cagayan de Oro, Philippines, received the inaugural call of MV Ever Core under a new joint service by Evergreen and Wan Hai Lines last August. The new bi-monthly service enhances MCT’s connectivity with key international markets in Hong Kong and Taiwan through the ports of Cagayan de Oro, Davao, Shekou, …

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Bloomberry successfully refinances P72.0 billion loan

In a signing ceremony held at Solaire Resort Entertainment City, Bloomberry Resorts Corporation (Bloomberry) subsidiaries Bloomberry Resorts and Hotels, Inc. (BRHI), as borrower, and Sureste Properties Inc. (SPI), as surety and 3rd party security provider, signed with a group of banks the P72.0 billion Syndicated Refinancing Facility. The new facility replaces the existing P73.5 billion Syndicated Term Loan Facility obtained …

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Ready, Set, Adventure: MR.TOY’s Exciting Lineup of Action-Packed Toys

Get ready for an exciting journey with MR.TOY’s latest collection of adventure-themed toys, guaranteed to spark endless fun and countless adventures.  From fierce dinosaurs to epic battles, these toys are perfect for kids who love action, creativity, and discovery. Here are the must-have items that will turn every playtime into a thrilling adventure: Experience the thrill of a Jurassic adventure …

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Figaro Forges Strategic Partnerships to Promote Sustainable Food Security

Figaro Innovation and Development Inc. (FIDI), a subsidiary of Figaro Coffee Group, is pleased to announce the signing of a Mutual Non-Disclosure Agreement, marking the beginning of a strategic partnership aimed at boosting local agricultural development and ensuring food security together with San Jose Workers’ Multi-Purpose Cooperative (SJWMPC), and the Batangas Organic and Natural Farming Agriculture Cooperative (BONFAC). The signing …

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DA pushes anew rainwater harvesting for added irrigation

By Rose de la Cruz The Departments of Agriculture plans to forge partnerships with other local government agencies to collect rainfall which can be used for irrigation to boost the country’s food production since the country gets 2.5 meters of rainfall each year. The DA recently met with officials of the Department of Public Works and Highways (DPWH) and the …

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Chicken production to rise 3.8 percent in 2025

Reduced feed costs and an easing in the number of highly pathogenic avian flu infections would bring chicken production up in 2025 by 3.8 percent to 1.63 million metric tons, according to  the US Department of Agriculture- Foreign Agriculture Service,  In a report by the Bureau of Animal Industry (BAI), around 53 municipalities in nine provinces still have active cases …

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Low rice prices will be temporary only

The cooling of inflation in September because of lower rice prices may be temporary and lead to greater volatility in domestic prices of the staple. Economist Leonardo Lanzona of Ateneo de Manila University told  Business Mirror. he warned that a decrease in international rice prices could also make the country more dependent on imported rice. This dependence may lead to …

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Raw sugar output to rise in 2025

Philippine  raw sugar output in 2025 is expected to reach 1.85 million metric tons (MMT) with the improved weather conditions that would  allow the expansion in harvest area, according to the report of the US Department of Agriculture Foreign Agriculture Service Manila. The forecast is higher than the Sugar Regulatory Administration’s projected output of 1.78 MMT for the current crop …

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