NFA sees rice sales to government agencies supplementing funding for procurement
PHILSTAR FILE PHOTOTHE National Food Authority (NFA) said higher revenue from rice sales to government agencies is expected to add to its procurement budget for palay or unmilled rice.In a statement, NFA acting Administrator Larry R. Lacson said: “The additional
Bank of England warns UK at risk of credit crunch amid market vulnerabilities
The Bank of England has issued a stark warning that the UK could face a credit crunch, as financial markets remain vulnerable to a “sharp correction.” Policymakers cautioned that a sudden crash in global markets could significantly raise borrowing costs
Taiwan optical fiber company registers $70-M Batangas project with PEZA
SCIENCEPARK.COM.PHA TAIWAN manufacturer of optical communication products has registered a $70-million project in Batangas with the Philippine Economic Zone Authority (PEZA).In a statement on Wednesday, PEZA said Taiwan’s EZConn Technology Corp. is setting up a facility at the Lima Technology
Senate targets budget approval by mid-December at the latest
SENATE PRIBTHE SENATE plans to approve the proposed P6.352-trillion national budget for 2025 by the second week of December at the latest, in time to submit the legislation to the Palace before Congress adjourns, Senate President Francis G. Escudero said.“By
Sept. power spot prices fall as weather cools
ELECTRICITY PRICES traded at the Wholesale Electricity Spot Market (WESM) declined in September as cooler weather set in, dampening demand, according to the Independent Electricity Market Operator of the Philippines (IEMOP).Citing preliminary data from the WESM operator, the IEMOP said