With the recent signing by President Marcos of Republic Act 12078, extending the life of RA 11203 or the 2018 Rice Tariffication Law, until 2031, the rice sector would be assured of P30 billion each year for the industry’s development, which is envisioned to stabilize supply and market prices for the grain. The RTL or Rice Competitiveness Enhancement Fund (RCEF) …
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Rizomeph, a sustainable materials company based in Cagayan de Oro, converts bamboo fiber into structural materials for constructing houses and buildings, wrote Edg Adrian Eva of Business World “The bamboo grass, with the application of science and technology, is being turned into beams, columns, and panels,” Christopher Ua-o, head of manufacturing at Rizome PH, told reporters during a recent factory …
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Arthur Laffer, founder/chairman of Laffer Associated, an economic research and consulting company, has raised concerns that the Philippines’ tobacco excise tax rate has entered a “prohibitive range,” as indicated by declining government revenue. Laffer, known for the Laffer Curve theory which describes the relationship between tax rates and government revenue, highlighted that the continuous increase in tobacco tax rates has …
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The University of Asia and Pacific Center for Food and Agribusiness said the contribution of agriculture and fisheries to the country’s gross domestic product this year will drop by 1 to 2 percent because of the poor performance of crops, livestock and fisheries, owing to the El Nino and successive strong typhoons in October and November. “Overall, we see a …
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By Robert Andaya Games Tuesday(Ninoy Aquino Stadium)5 p.m. Converge vs. NLEX7:30 p.m. Phoenix vs. Northport There’s no stopping NorthPort Batang Pier in the 2024 PBA Commissioner’s Cup. With PBA Press Corps-Pilipinas Live “Player of the Week” awardee Joshua Munzon leading the charge, the Batang Pier have posted a franchise-best-ever start of 5-0. And believe it or not, the Bonnie Tan-mentored …
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The Cavite ToL Patriots are aiming for a successful debut in the Women’s Maharlika Pilipinas Basketball League (WMPBL), which is set to kick off in January. Erika May Jimenez, Bernice Paraiso, and Jaina Del Prado were among the players who attended the team presentation at the Windy Ridge Hotel in Manila on Friday, where they all expressed their excitement to …
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Fide Master Christian Gian Karlo Arca drew with countryman Oscar Joseph Cantela in the ninth and final round and then edged Turkmenistan’s Serdar Bayramov via tiebreak to snare the blitz gold in the 18th Asian Schools Chess Championships in Bangkok, Thailand Tuesday night. Arca wound up tied with Bayramov at first place with 7.5 points each but took the gold …
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Victoria Sports Pro Cycling (VSPC), the Philippines’ premier pro cycling team, is set to maintain its unstoppable momentum from 2024 and charge into 2025 with the goal of dominating new international racing circuits, bringing even greater honor and pride to the country. VSPC unveiled a busy schedule for the 2025 season, with around 20 races listed on the International Cycling …
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Cagayan de Oro City — Reigning MILO Marathon Queen Christine Hallasgo and Army standout Richard Salaño triumphed the 42K event of the National MILO Marathon during its final leg in Cagayan de Oro City. In recognition of their extraordinary grit, discipline, and perseverance, the two were awarded the prestigious titles of MILO Marathon Queen and King and secured the honor …
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Elavil Tours Phils. Inc. (ETPHI) recently took delivery of the first batch of Scania buses comprised of three Scania K360 and one Scania K400 Touring that will be at the forefront of its fleet of more than 120 buses designed to provide passengers with utmost comfort and convenience and are equipped with state-of-the-art safety systems and smart technologies. BJ Mercantile, …
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The Market Monitor Minding the Nation's Business