BW FILE PHOTO By Aaron Michael C. Sy, Reporter THE PHILIPPINE peso weakened on Tuesday on safe-haven purchases of the dollar amid escalating tensions between Israel and Hamas. It lost 0.1 centavo to close at P57.221 against the dollar, according to Bankers Association of the Philippines data posted on its website. The peso opened at […]
Floods are seen in Calumpit, Bulacan in this file photo. — PHILIPPINE STAR/ MICHAEL VARCAS THE GOVERNMENT will implement an integrated water management program that will link the flood control system to serve the needs of irrigation, water supply, and power, officials said on Tuesday. They added that remote island communities will get desalination plants […]
PHILSTAR INEFFICIENT regulation lies at the center of the Philippines’ water shortages, which could be addressed with the creation of an agency focused on managing water resources, Senator Mary Grace N. Poe-Llamanzares said on Tuesday. “The root of our water crisis, however, is actually a crisis in regulation,” Senator told a Senate committee hearing legislation […]
REUTERS THE Department of Agriculture (DA) said on Tuesday that it is expecting livestock production to rise this year even with El Niño putting pressure on animal feed production. Agriculture Undersecretary Deogracias Victor B. Savellano told reporters that the DA is “positive” that production will increase because a number of programs are in place to […]
PNRI.DOST.GOV.PH THE Philippine Nuclear Research Institute (PNRI) said nuclear power will help make supply more reliable because plants will be producing electricity nearly constantly and be less influenced by weather. “Kung dadamihan mo ang share ng nuclear, makakatulong siya (If you increase the share of nuclear, it will help)” in terms of reliability, PNRI Executive […]
REUTERS THE PHILIPPINES has obtained a technical assistance commitment from the OPEC Fund for International Development (OPEC Fund) to help streamline right-of-way acquisition for major government infrastructure projects, the Department of Finance (DoF) said on Tuesday. The agreement was sealed during a meeting between Finance Undersecretary Joven Z. Balbosa and OPEC Fund President Abdulhamid Alkhalifa […]
REUTERS THE Department of Tourism (DoT) said it hopes visitor arrivals from the Middle East will grow further in conjunction with efforts to expand the Philippines’ halal offerings and enhance air connectivity with the region. In a statement on Tuesday, the department said Tourism Secretary Maria Esperanza Christina G. Frasco met with 90 travel industry […]
REUTERS BROAD ADOPTION of “green” farming techniques by middle-income economies could help reduce greenhouse gas emissions by nearly a third, the World Bank (WB) said. The bank said the opportunities to reduce agrifood emissions rest largely with middle-income countries should they choose to adopt sustainable land use practices. The global agrifood system is viewed as […]
REUTERS THE Department of Trade and Industry (DTI) said the European Union-ASEAN Business Council (EU-ABC) views enhanced market access, reduced bureaucracy and public-private partnerships (PPPs) as playing an outsized role in growing the region’s economies. In a statement, the DTI said Trade Secretary Alfredo E. Pascual met with the EU-ABC on Monday to discuss the […]
TALENT development is deemed crucial in expanding the semiconductor and electronics industry, a trade official said. Trade Undersecretary Rafaelita M. Aldaba said: “We cannot overemphasize the importance of this particular element. We need more PhD-level microelectronics and layout engineering competencies, along with R&D (research and development) scientists, to support industries, materials and equipment providers, telecommunications, […]