NEDA asks farmers to plant special rice varieties


By Rose de la Cruz


The National Economic and Development Authority (NEDA) is encouraging farmers to increase their production of special varieties of rice to respond to the increasing demand in the international market now that restrictions on exports have been repealed.


NEDA reminded rice farmers and traders that the recent rice law, or Republic Act 11203, not only replaced the quantitative restrictions on rice imports with tariff, but it also repealed all laws, rules, regulations, guidelines and other issuances imposing quantitative export quotas on rice exports.


“We encourage producers of special varieties of rice, such as heirloom,…

Read more: NEDA asks farmers to plant special rice varieties

UBS gears for sustainability in its global operations


By Rose de la Cruz


UBS, the leading investment in the Philippines and consistently ranked top 2 among international investment banks, is gearing its global operations on the sustainability track by adopting tougher standards on coal finance and doubling its core sustainable investments at $313 billion (up 72 percent) in 2018 and in the coming years.


In a statement, Christian Bluhm, Group Chief Risk Officer, said the bank’s priority is to protect clients’ assets and UBS from the materialization of risks, including climate-related risks since sustainable financing is high on its agenda.


“We already limited our…

Read more: UBS gears for sustainability in its global operations

International reserves rise to $82.9-B in end-February 2019





Preliminary data shows that the country’s gross international reserves (GIR) rose to $82.9 billion as of end-February 2019 from $82.49 billion as of end-January 2019.


This rise was due mainly to inflows arising from the BSP’s foreign exchange operations, net foreign currency deposits by the National Government (NG), and the BSP’s income from its investments abroad.


However, the increase in reserves was partially tempered by payments made by the NG for servicing its foreign exchange obligations as well as revaluation losses from the BSP’s gold holdings, resulting from the decrease in the…

Read more: International reserves rise to $82.9-B in end-February 2019

NEDA commits to stronger collaboration among developing countries



By Rose de la Cruz


Socioeconomic Planning Secretary Ernesto Pernia today said the Philippine government, through the National Economic and Development Authority under him, is committed to stronger collaboration with fellow developing countries as a United Nations conference celebrated the 40th anniversary of the adoption of the Buenos Aires Plan of Action (BAPA) for South-South cooperation. 


Recognized as a pioneering effort, the BAPA blueprint details the approaches to development assistance, and emphasizes collective self-reliance among developing countries as a foundation for a new international economic order.


In September 1978, the Philippines was one of 138 countries to adopt…

Read more: NEDA commits to stronger collaboration among developing countries

UBS holds first market forum in the Phls.



By Rose de la Cruz


Swiss-based UBS investment bank is vigorously marketing the Philippines to foreign investors by holding its first market forum last Tuesday, aimed at linking foreign investors to the big locally-listed companies and develop the appetite of local and foreign portfolio managers to active rather than passive funds.


UBS brought together external and UBS speakers to discuss about the latest regulations and market structures that impact the liquidity landscape. This is part of UBS' ongoing commitment in developing the Philippine capital market.


"Given the fast- changing business and regulatory environment, it is…

Read more: UBS holds first market forum in the Phls.

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