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Philippine outstanding external debt approved/registered by the central bank stood at US$55.4 billion at the end of March, up around 4.1% from the US$53.3 billion level as of end-2009, data from the Bangko Sentral ng Pilipinas showed Tuesday. The growth was led by net borrowings of both the private and public sectors. External debt refers to all . . . → Read More: More rice and more debt The Philippines, the world’s largest rice importer, needs to invest more than P12 billion in 2011 to boost paddy yield and minimize dependence on already-tight global supplies. Frisco Malabanan, director of the Department of Agriculture’s national rice program, said the entire requirement to achieve self-sufficiency in rice by 2013 might even reach P15 billion. However, the outgoing administration . . . → Read More: Rice and nurses Rice prices in top exporting countries Thailand and Vietnam may fall more as the Philippines may not tender for new supplies until after national polls in May, sources said on Friday. The absence of demand from the world’s biggest rice buyer, the Philippines, would further weigh on Asian rice prices, with benchmark Thai rice already $100 off . . . → Read More: Rice drop, calamity in Mindanao and hot money “We need deep and early cut of carbon.” Climate Change Secretary Heherson Alvarez, in his visit to Davao City yesterday (February 17) urged the business sector in the city to reduce carbon dioxide emissions in the atmosphere. Although he clarified that the country is not a carbon maker but a carbon taker, he also stressed that Filipinos should . . . → Read More: Carbon,VAT,Rice and no power Sufficiency in cereal stocks in the Davao Region dropped significantly across most of the rice- and corn-producing areas in a production picture that bared the refusal of many farmers to heed the directive of Malacañang against conversion of prime rice and corn farms to high-value crops. The National Economic and Development Authority (Neda) in the region . . . → Read More: Bonds and Rice |
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