“The agriculture sector made the smallest contribution to the country’s economic growth compared to other industries, according to the Philip- pine Statistics Authority (PSA). PSA said agriculture, forestry and fishing’s (AFF) contribution to the country’s gross domestic product in 2021 was equivalent to a share of 9.6% against 10.2% a year ago. This compares poorly to the 60.5% share and …
Read More »
President-elect Ferdinand “Bongbong” Marcos Jr.’s campaign promise to lower the price of rice to P20 per kilo is “not possible” in the near-term, according to incoming Agrarian Reform Secretary Conrado Estrella III. “I don’t think it is [possible] in the very near future; it’s not possible. But you know how technology is,” he added, hinting that rice selling at P20 …
Read More »
The World Health Organization (WHO) called on all nations to invest more in addressing mental health issues, saying “the suffering is enormous” aggravated by the COVID pandemic. Before the pandemic, almost a billion people were living with a mental disorder, the UN agency said in its “World Mental Health Report”, the largest review of global mental health over the last …
Read More »
The economic team of outgoing President Rodrigo Duterte recommended the revival of the mining industry to generate jobs and develop host communities where mines are located. The National Economic and Development Authority, the Department of Environment and Natural Resources (DENR), the Department of Finance and the Development Academy of the Philippines recently released a joint report that said their initial …
Read More »
Three out of every 10 Filipino adults or 34% said their quality of life got worse during the last 12 months, according to a survey by the Social Weather Station. The survey conducted from April 19 to 27 with 1,440 respondents showed that 34% of Filipinos believe their quality of life became worse (classified by SWS as “losers”) compared to …
Read More »
Residents of Dingalan, Aurora now have a typhoon-resilient evacuation facility to turn to in times of calamities, following the inauguration of the municipality’s P50 million worth Multi-Purpose Evacuation Center (MPEC) on June 16, 2022. The two-storey structure was funded by the Philippine Amusement and Gaming Corporation (PAGCOR). Dingalan’s picturesque mountains, scenic beaches and pristine waterfalls make it a go-to haven …
Read More »
LANDBANK Assistant Vice President Generoso S. David (center) receives the Plaque of Appreciation from DOST-TAPI Director Atty. Marion Ivy D. Decena (left) and Chief Science Research Specialist and Division Chief Romeo Javate (right) for the Bank’s contribution to science and technology development in the country. The Department of Science and Technology–Technology Application and Promotion Institute (DOST-TAPI) conferred a plaque of …
Read More »
TecPlata S.A., Interntational Container Terminal Service s, Inc.’s business unit in Argentina, has entered into an agreement with Vessel S.A., one of Uruguay’s major feeder operators, for the operation of a new weekly service between the La Plata Port and the Port of Montevideo in Uruguay. The service, which will link TecPlata with Montevideo port operators Montecon and Terminal Cuenca …
Read More »
Stocks of Manila Electric Company (MER) soars to an all time high with its rally helped by the easing out of quarantine rules. MER , which is the ticker symbol of the power firm listed at the Philippines Stock Exchange (PSE) , started to hit the Php 300 per stock in mid October last year and has been rising to …
Read More »
SM Foundation, through its Operation Tulong Express Program (OPTE), distributed Kalinga packs to 820 families affected by the recent fire incident in Brgy. Punta Princesa, Cebu City. OPTE is a social good program of SM Foundation in collaboration with SM Supermalls and SM Markets which aims to address the needs of communities during calamities and crises. This recent OPTE run …
Read More »
The Market Monitor Minding the Nation's Business