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DoF execs told: Engage more with new legislators

By MAYVELIN U. CARABALLO, TMT June 13, 2019 FINANCE department officials were directed to actively engage with new lawmakers who will assume office when the 18th Congress opens on July 22 to speed up the approval of the agency’s priority measures. Finance Secretary Carlos Dominguez 3rd “We have to improve …

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Not to be outdone, Tyson enters plant-based meat market

This undated product image provided by Tyson Foods, Inc. shows a plant-based meat alternative made by Tyson Foods. The nuggets made from pea protein at grocery stores this summer. The product will be sold under a new brand, Raised and Rooted, which will continue to develop new plant-based products and …

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‘No big fishing vessels in town waters’

By EIREENE JAIREE GOMEZ June 11, 2019 To protect the livelihood and boost the production of small fisherfolk in the country, the national alliance of small fisherfolk organizations on Monday urged the Bureau of Fisheries and Aquatic Resources (BFAR) to declare all municipal waters as commercial fishing-free zones. Commercial fishing …

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Agri dept positive on selling off mango surplus

By EIREENE JAIREE GOMEZ June 11, 2019 The Department of Agriculture (DA) is confident it can sell off at least 1 million kilos of mangoes this month as it formally launched a metro-wide drive to aid local mango farmers from the falling prices of their produce. Several outlets in Metro …

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DA rallies local hog raisers to export pork

By EIREENE JAIREE GOMEZ June 11, 2019 Local hog raisers were urged on Monday to produce more as the Department of Agriculture (DA) expects a huge market for pork and pork products and mulls over the possibility of exporting this commodity amid the spread of the African Swine Fever (ASF). …

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China data push PSEi over 8,000

By ANGELICA BALLESTEROS, TMT June 11, 2019 THE stock market returned to the 8,000 level on Monday as China’s improved trade data amid its worsening trade war with the United States buoyed investor sentiment. The benchmark Philippine Stock Exchange index (PSEi) grew by 0.77 percent or 61.41 points to close …

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Tourism’s GDP share up 12.7% in 2018

By NEIL JAYSON SERVALLOS June 11, 2019 TOURISM managed to contribute 12.7 percent to the country’s gross domestic product (GDP) in 2018, up 0.5 percent from 12.2 percent the year before, despite the six-month closure of Boracay island last year, according to the Philippine Statistics Authority (PSA). Data from the …

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Rediscount availments increased in Jan-May

By MAYVELIN U. CARABALLO, TMT June 11, 2019 AVAILMENTS of the Bangko Sentral ng Pilipinas’ (BSP) peso rediscount facility rose sharply in the first five months of 2019, data released on Monday showed. Total loans surged to P85.799 billion, nine times more than the P8.917 billion borrowed in the same …

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DoF: Govt reined in inflation in 11 months

By MAYVELIN U. CARABALLO, TMT June 11, 2019 THE Duterte administration did better than its predecessors in reining in upward price pressures to the country’s inflation rate, the Department of Finance (DoF) claimed on Monday. In a statement, the Finance department quoted Undersecretary Gil Beltran as saying the current administration …

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