Day: June 11, 2025

Manila: The Philippines is looking to broaden its agricultural trade with Egypt, following directives from President Ferdinand R. Marcos Jr., the Department of Agriculture (DA) announced on Wednesday. ‘They already granted us access for durian. We are hopeful they will do the same for our mangoes and bananas,’ stated Agriculture Secretary Francisco Tiu Laurel Jr. According to Philippines News Agency, the DA has revealed plans to permit the entry of Egyptian grapes and ware potatoes into the Philippines. Additionally, there are discussions to source garlic and onions from Egypt while also enhancing information sharing and technical assistance between the two

Manila: Resolutions of online transaction-related complaints filed with the Bangko Sentral ng Pilipinas (BSP) continue to increase, authorities said Wednesday. In a briefing at the BSP office here, lawyer Charina de Vera-Yap, Managing Director of the BSP’s Financial Inclusion and Consumer Empowerment Sub-Sector, said there were 322 cases for mediation in 2023, and these registered 69 percent success rates in favor of the complainants. The following year, mediation cases reached 703, and the success rate rose to 83 percent, she said. In the first five months this year, mediation cases already reached 400, but Yap did not give details on

Manila: Optimism surrounding the renewed US-China trade talks provided a boost to the local stock market on Wednesday, while the peso remained stable against the US dollar. The Philippine Stock Exchange index (PSEi) saw an increase of 0.53 percent, closing at 6,381.32 points. According to Philippines News Agency, the All Shares index also experienced an uplift, rising by 0.47 percent to 3,776.19 points. Among the sectoral indices, Industrial posted the highest gain with a 0.96 percent rise. This was followed by Holding Firms at 0.91 percent, Property at 0.87 percent, Services at 0.72 percent, Mining and Oil at 0.53 percent,

Manila: Filipino coconut farmers may soon avail of the free mobile medical service and hospitalization coverage, the Philippine Coconut Authority (PCA) announced. In an interview, PCA Health and Medical Division Chief King Arvy Gaspar said they are targeting to benefit 15,000 coconut farmers across the country, in line with President Ferdinand R. Marcos Jr.’s directive to support farmers. According to Philippines News Agency, the mobile medical service will be launched first in Davao, considering the farmers’ population, under the Revised Coconut Farmers and Industry Development Plan (CFIDP). Gaspar mentioned that the target in Davao is around 1,000 coconut farmers by

Manila: Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. expressed satisfaction over the European Commission’s (EC) decision to remove the Philippines from its list of high-risk countries concerning financial crime. He noted that while this is positive news, the European Union (EU) Parliament still needs to confirm the EC’s decision. According to Philippines News Agency, the Belgium-based EC announced on June 10 that eight countries, including the Philippines, have been delisted from the high-risk countries list in a move intended to safeguard the EU financial system. However, several other countries were added to the list. The decision took into