Philippines’ rice imports up 19% in eight months
Rice imports to the Philippines amounted to 2.8 million metric tonnes (MT) during the first eight months of this year, 19% higher than the 2.3 million in the same period last year, data from the country's Department of Agriculture (DA) showed.
Customers buy rice at a market in Manila, the Philippines. Photo courtesy of AFP/VNA.
In its latest report, the department's Bureau of Plant Industry (BPI) said in August alone, rice from abroad increased to 296,350.9 MT compared to 167,403 MT in July. However, it was still lower than the average monthly arrival of 400,000 MT logged in the earlier months.
Agriculture Assistant Secretary and spokesman Arnel de Mesa said rice prices have been decreasing. Regular and well-milled rice is sold at around PHP 45 ($0.8) per kilo and even as low as PHP 42, he added.
According to the report, Vietnam remained the Philippines' top source of the staple during the period, shipping over 2.17 million MT or around 77% of the country's total imports in the January-August period. It was followed by Thailand (371,390 MT), Pakistan (156,121 MT) and Myanmar ( 66,910 MT).
Last year, inbound shipments of rice totalled 3.6 million MT, down 5.9% from the record-high 3.82 million MT in 2022. The DA projects rice imports for this year will not exceed last year's volume.
- Read More
Russia willing to help build Vietnam’s nuclear power industry: Prime Minister
Russia is willing to help build Vietnam’s nuclear power industry with its extensive experience in the field, says Russian Prime Minister Mikhail Mishustin.
Politics - Wed, January 15, 2025 | 9:38 am GMT+7
Philippines allows import of poultry, pork from Argentina
The Argentinean Ministry of Foreign Affairs, International Trade and Worship has announced that the Philippines authorized Argentine exports of poultry meat and pork and the extension to export beef with bone, offal and fats.
Southeast Asia - Wed, January 15, 2025 | 9:12 am GMT+7
Vietnam likely to offer minimum 80% output purchase guarantee for offshore wind power projects
Vietnam’s Ministry of Industry and Trade is drafting a decree on incentives for offshore wind power, including exemption and reduction of some fees and a commitment to minimum purchase of energy output.
Energy - Wed, January 15, 2025 | 8:51 am GMT+7
Thai cabinet approves bill to legalize casinos, gambling
Thailand’s cabinet on Monday approved a draft law that will legalize gambling and casinos, a move aimed at boosting tourism, jobs, and investment.
Southeast Asia - Tue, January 14, 2025 | 8:00 pm GMT+7
Vietnam's Saigonbank has 5th major shareholder
Real estate firm Dai Cat JSC has completed the acquisition of an additional 16.75 million shares of Saigon Bank for Industry and Trade (Saigonbank), becoming its fifth major shareholder.
Banking - Tue, January 14, 2025 | 7:55 pm GMT+7
Indonesia’s BRICS membership aims to cool down geoeconomic rivalry
Indonesia is hoping to cool down the global economic rivalry by joining the Russia and China-led BRICS, according to Foreign Affairs Minister Sugiono.
Southeast Asia - Tue, January 14, 2025 | 7:50 pm GMT+7
Indonesia to impose sugary drink tax in July 2025
Indonesia plans to impose an excise tax on sugary packaged beverages starting July 2025, aiming to curb excessive sugar consumption and address rising health concerns, the country’s Finance Ministry announced.
Southeast Asia - Tue, January 14, 2025 | 7:48 pm GMT+7
Indonesia’s two-wheeler export inches up in 2024
Indonesia exported 572,506 two-wheelers in 2024, a slightly increase from 570,004 units in the previous year, reported the country's Motorcycle Industry Association (AISI).
Southeast Asia - Tue, January 14, 2025 | 7:44 pm GMT+7
Huawei to provide equipment for 100 MWp solar energy project in Vietnam
Ho Chi Minh City-based Vietnam and Global Green Power JSC (Green Power) and Chinese giant Huawei have signed an MoU on developing 100 MWp of rooftop solar energy in Vietnam.
Energy - Tue, January 14, 2025 | 3:50 pm GMT+7
Vietnam PM hosts official welcome ceremony for visiting Russian counterpart
Vietnam's Prime Minister Pham Minh Chinh on Tuesday presided over an official welcome ceremony for his Russian counterpart Mikhail Vladimirovich Mishustin, who is making an official visit to Vietnam from January 14-15.
Politics - Tue, January 14, 2025 | 3:35 pm GMT+7
Investment Support Fund decree to boost Vietnam's appeal as high-tech investment destination: lawyers
Decree No. 182/2024/ND-CP is expected to bolster Vietnam's appeal as a destination for high-tech investment, especially after the application of top-up corporate income tax (CIT) under the global anti-base erosion rules from January 1, 2024, write senior partner Anh Dang and associate Chi Nguyen at Vilaf law firm.
Economy - Tue, January 14, 2025 | 2:43 pm GMT+7
Germany’s Blueberry Energy eyes solar power projects in Vietnam
Blueberry Energy, a solar power developer in Germany, is keen to engage in solar energy projects in Vietnam as the country seeks to raise the capacity of renewable energy.
Energy - Tue, January 14, 2025 | 1:15 pm GMT+7
Amkor Technology Vietnam earns $13 mln from exporting in 2024
Amkor Technology Vietnam, under U.S.-headquartered semiconductor giant Amkor Technology, started official operation in Vietnam in Q3/2024 and earned an export revenue of VND337.5 billion ($13.3 million) last year.
Companies - Tue, January 14, 2025 | 12:09 pm GMT+7
Abundant rare earth resource makes Vietnam stand out in global semiconductor industry: Savills
One key factor that makes Vietnam stand out in the global semiconductor industry is its abundant rare earth resource that ranks second in the world after China, according to an expert of property consultancy Savills.
Investing - Tue, January 14, 2025 | 12:05 pm GMT+7
Vietnam PM urges Russia's Rosatom to help with nuclear power development
Vietnamese Prime Minister Pham Minh Chinh urged Russia’s State Atomic Energy Corporation Rosatom (Rosatom) to help the Southeast Asian nation with nuclear power development.
Energy - Tue, January 14, 2025 | 10:15 am GMT+7
Vietnam's cashew nut exports hit record high in 2024
Vietnam's cashew nut exports in 2024 hit $4.37 billion, up 20.2% year-on-year, surpassing the previous record of $3.63 billion set in 2021, according to the General Department of Customs.
Economy - Tue, January 14, 2025 | 8:48 am GMT+7
