Joint elements of the Department of Agriculture and the Bureau of Customs seized 3,200 cartons of fresh oranges worth P8.422 million, which the Bureau of Plant Industry said did lacked sanitary and phytosanitary (SPS) import permits to ensure the safety of consumers and the country’s agriculture sector from pest and diseases. The BoC seized at the Manila International Container Port …
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September, 2024
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9 September
Phl slides from top fruits exporter to top importer
A few decades ago, the Philippines was a top exporter of sugar, pineapple, rice (yes, rice), bananas, mangoes, logs, coffee. cacao, fiber and textiles and garments and even steel bars. But now, yes, we still are the leader in importing these same items from the world, esp. from our neighbors in Asia. Sad how our complete embrace of the global …
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9 September
UP study says Metro Manila is sinking
By Rose de la Cruz Several areas of the Philippines, notably Metro Manila, are sinking– based on satellite imagery, physical evidence and other studies– as sea levels rise because of climate change. This, according to a study done by the UP Resilience Institute, which discussed the cause of Manila’s sinking and its effects in terms of flooding and land subsidence. …
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9 September
Construction sector to rebound this year—Research group
By Jinky Jorgio Due to transport infrastructure by the government, particularly the rail and road developments, the Philippines’ construction sector will rebound strongly this year according to Fitch Solutions Country Risk & Industry Research. In its report, the Fitch unit noted an increase in construction activities and infra expenditures over the past months. The same report noted that the Philippine …
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9 September
Millions worth of infrastructure projects almost completed—DPWH
The Department of Public Works and Highways (DPWH) reported the completion of infrastructure projects worth P121 million in the provinces of Nueva Ecija and Negros Occidental. DPWH Region 3 Central Luzon Director Roseller Tolentino identified the five infrastructure projects in the towns of Aliaga and Carranglan and the cities of San Jose and Munoz with a combined cost of P34.55 …
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9 September
DOE studying policy for the repurposing of diesel-fired power plants
The Department of Energy (DOE) is currently studying a policy for the repurposing of diesel-fired power plants by integrating biofuel blends of as much as 55% (or B55) by volume. Energy Undersecretary Felix William Fuentebella said they are developing a strategy for B55 to enable the continued operation of diesel power plants. But Fuentebella also admitted there are major concerns …
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9 September
Up next: World-class Tacloban International Convention Center
A world-class International Convention Center will soon rise in Tacloban City. The world-class venue will be built within the 6.1-hectare complex of the former Leyte Park Resort Hotel, according to a report by the Department of Public Works and Highways. DPWH Regional Information Officer Cressida Paula Mangaporo revealed that a budget of P70-million for the feasibility study has already been …
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9 September
Solar-powered irrigation to be constructed in Davao del Norte
A P100 million solar-powered irrigation project is set to be constructed in two towns of Davao Del Norte, according to the National Irrigation Administration-Davao Region (NIA-11). Nelson Sahot, acting division manager of NIA-Davao del Norte Irrigation Management Office, said that the project is expected to irrigate 100 hectares, with the potential to expand to 130 hectares in the villages of …
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9 September
Businessman Wong new player in property building
Businessman Kevin Wong is diversifying into real estate with his Height Realty Inc. breaking ground for a new exclusive gated residential development in the south of Metro Manila. Height Realty is considered a new player in the property space after Wong, its president and CEO, along with Las Pinas Vice Mayor April Aguilar-Nery, City Councilors Mark Anthony Santos and Henry …
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9 September
Ford Philippines Brings Back Truck Month
The much-awaited Ford Philippines Truck Month is back this September where customers can enjoy a wide array of deals on the Ford Ranger and on the other Ford vehicles such as Everest, Territory, and Explorer. Customers can enjoy as much as P100,000 cash discount with the Ford Ranger, or a financing deal of P38,000 all-in low downpayment, or P16,034 low …
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The Market Monitor Minding the Nation's Business