Economy

Manila-The Philippine Palm Oil Development Council, Incorporated (PPDCI) has highlighted the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) as a key area for the expansion of the country’s palm oil production. During the 13th Palm Oil Congress held on Thursday, PPDCI President Erwin Anthony Garcia emphasized the region’s suitability for oil palm cultivation, noting that around 800,000 hectares have been identified for potential development.

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According to Philippines News agency, the Philippines’ dependence on palm oil imports, particularly from Indonesia and Malaysia, underlines the necessity for enhanced local production capabilities. With the country importing 1.2 million metric tons of…

Philippine Stock Exchange and Peso Weaken in Monday Trading

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Manila – The Philippine Stock Exchange index (PSEi) and the local currency both recorded declines in Monday’s trading session. The PSEi fell by 1.14 percent to close at 6,649.23 points, and the All Shares index also decreased by 0.68 percent to end at…