DA: Hybrid seeds, only way to be rice sufficient by 2019

20 Mar Posted by Administrator

By Catherine Joy L. Maglalang, Business Mirror

GUIMBA, Nueva Ecija—Filipino farmers, especially those growing hybrid rice, will be supported by the government, Department of Agriculture (DA) Undersecretary for Operations Ariel T. Cayanan said on Friday during the annual grand harvest festival in Barangay Triala in this municipality.

He was joined by Dr. Henry Lim Bon Liong, SL Agritech Corp. chairman and CEO; Roy Abaya, Department of Agriculture director in Central Luzon; Mayor Jose Dizon; Serafin Santos, provincial agriculturist of Nueva Ecija; and Joselito Abesamin, the municipal agriculturist.

Cayanan said the DA has asked President Duterte and Congress for a substantial budget in order to support its hybrid-rice program. He assured farmers of government support.

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Duterte eyes pact with Myanmar on food security, agriculture

19 Mar Posted by Administrator

By Jaymee T. Gamil, Philippine Daily Inquirer

NAY PYI TAW, Myanmar – The Philippine government may sign a memorandum of understanding with Myanmar on food security and agricultural cooperation on the second day of President Rodrigo Duterte’s first visit to the country.

This is part of what Duterte hopes to achieve during his two-day visit here, Philippine Ambassador to Myanmar Alex Chua said in an interview on Friday in Yangon, which was aired by the Presidential Broadcast Staff Radio-Television Malacañang.

Meanwhile, shortly after arriving here Sunday evening, Duterte will meet with members of the Filipino community in the country.

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Investors bullish on pivot to China

27 Jan Posted by Administrator

By Doris Dumlao, Philippine Daily Inquirer

For a country with a huge infrastructure backlog, lagging in foreign tourists despite its beautiful outdoors and really starving for foreign direct investments (FDIs), rekindling bilateral ties with China after a five-year diplomatic chill was a very attractive proposition. This was what President Duterte—who brought with him almost his entire Cabinet plus some 450 top businessmen—was set to accomplish during his state visit to China in October last year.

He didn’t come home empty-handed. This historic visit marked a “new stage of practical cooperation, bilateral commerce, trade and technology,” as China has proclaimed. He came home with some $24 billion worth of financing and investment deals—some of which may or may not materialize in a world where MOUs (memoranda of understanding) are a dime a dozen—and this made the Philippine stock market very happy. Stock market investors chose to ignore the anti-US rhetoric that escalated in China when Mr. Duterte announced a perplexing “military and economic separation from the US” and chose to focus on the positives, particularly on the tourism and infrastructure areas.

“I think this is positive for the economic development of the Philippines because in recent months, we have seen substantial improvement in China-Philippines relations and the emphasis attached by senior officials from both countries on bilateral, economic ties and economic collaboration will lead to an improved outlook of Chinese FDIs (foreign direct investments) in the Philippines, especially with the robust domestic-driven growth in the Philippine,” said Fan Cheuk Wan, head of investment strategy at HSBC Private Bank.

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