DBM looking for ways to expand production of PHL farmers, fishers

The Department of Budget and Management (DBM) said it is conducting a study that will aid the government in crafting a “solid” strategy to address slow farm production after President Duterte said agriculture is dragging down the country’s economy. Read more: DBM looking for ways to expand production of PHL farmers, fishers

Neda: Liberalization of sugar industry next

The government is eyeing to allow private users to directly import sugar to cut its costs and bring down domestic retail prices, according to officials of the state planning agency National Economic and Development Authority (Neda). Socioeconomic Planning Secretary and Neda chief Ernesto Pernia told reporters last week that among the reforms planned for the […]

Farm output growth misses 2018 goal

FARM OUTPUT rebounded in the fourth quarter to post a slight expansion, but was not enough to push the full-year growth to reach the government’s target, according to data the Philippine Statistics Authority (PSA) released on Wednesday. The value of total farm production grew 1.8% in the October-December period, the PSA reported, a recovery from […]

Improved harvest part of Department of Agriculture’s bucket list for 2019

MANILA, Philippines — The Department of Agriculture has laid down its bucket list for the new year to ensure continued growth of the sector. Agriculture Secretary Emmanuel Piñol said farm-to-market roads (FMR), small water irrigation systems, post-harvest facilities, logistics and transport facilities, and easy access credit are the five major projects needed to improve food […]

‘Government to lose P1 billion coco levy funds’

MANILA, Philippines — The government stands to lose P1 billion in coconut levy funds to a private firm due to a ruling of the Supreme Court (SC) that voided a mortgage with the state-controlled United Coconut Planters Bank (UCPB), a former bank executive warned yesterday. Read more: ‘Government to lose P1 billion coco levy funds’ 

Agriculture production grew just 0.56% in 2018

Agriculture and fishery production, which accounts for less than a fifth of the gross domestic product, grew by 0.56 percent in 2018, slower than the 4-percent expansion in 2017, data from the Philippine Statistics Authority show. The PSA said the sector expanded 1.8 percent in the fourth quarter, following a 0.8-percent contraction in the third […]

Agriculture grows a meager 0.56% in 2018, misses target

MANILA, Philippines – Agricultural production grew at only 0.56% in 2018, greatly missing the target of 4% for the year, said the Philippine Statistics Authority (PSA) on Wednesday, January 23. The 2018 figure is much lower than 2017’s record of 3.95%. Read more: Agriculture grows a meager 0.56% in 2018, misses target

Developing cacao, coffee industry

AS DAVAO City is slowly becoming the cacao and coffee capital in the country, more trade initiatives are being created by the Department of Trade and Industry (DTI)-Davao Region in bid to boost investments and productivity in the cacao and coffee industry. Read more: Developing cacao, coffee industry