TODAY'S BUSINESS HEADLINES

Metrobank's investment banking arm eyes 5 IPOs, 3 bond transactions in 2H

Bills of Maynilad customers set to drop in 2H

Stock market, peso slump after US Fed signals end to economic stimulus

Philippine, Australia air talks collapse

BSP says ready to adjust monetary policy after US Fed signaled end to economic stimulus

DA expects record rice harvest in 1H

InterAksyon.com means BUSINESS

MANILA - Despite massive floods that inundated a wide swathe of Luzon last week, the Department of Agriculture still expects palay production to hit a record in the first half of this year.

DA Assistant Secretary Dante Delima, who is also National Rice Program coordinator, said the agency expects palay harvest to increase 3-5 percent in the first six months of this year from 7.58 million metric tons a year ago.

“This is based on the NRP’s data. But we are still waiting for the official figures that will come from the Bureau of Agricultural Statistics. It is safe to say that we hit record high, or at least three to five percent increase in production,” Delima said, citing good weather during the first semester.

DA Secretary Proceso Alcala earlier said last week's monsoon-induced flooding is unlikely to drag down farm output in the third quarter as the harvest season was over even before the torrential rains struck. 

 

InterAksyon.com means BUSINESS

OTHER BUSINESS NEWS  
BREAKING NEWS  
Business Metrobank's investment banking arm eyes 5 IPOs, 3 bond transactions in 2H
Business Bills of Maynilad customers set to drop in 2H
Business Stock market, peso slump after US Fed signals end to economic stimulus
Business Philippine, Australia air talks collapse
Business BSP says ready to adjust monetary policy after US Fed signaled end to economic stimulus
Business 'The Philippines has arrived', executive says as Rolls Royce appoints distributor in Manila
Business | Opinion RANDOM WALKER | Stock market collapse points to rising economic risks
Business | Opinion COWARD'S INBOX | How managers conduct performance appraisals
Business Power crisis fears unnerve industry in booming Philippines
Business Where did OFWs' remittances go in 2Q?
World | Business Who has accounts in offshore tax havens? Investigative journos post database online
Opinion | Business COCKTALES | PCSO names PNoy campaign funder to arbitrate lotto case of Cojuangco in-law
Business 4 Filipino businessmen on Forbes list of Asian philanthropists