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Read 39,930 times | Posted on July 30, 2016 @ 2 years ago
New floor prices for tobacco in next 2 years get NTA nod
Read 533 times | Posted on October 12, 2015 @ 3 years ago
THE National Tobacco Administration (NTA) has approved new floor prices for tobacco for the trading years 2016 and 2017 which, it said, would bring additional benefits to tobacco farmers by providing a guaranteed minimum income.
NTA Administrator Edgardo D. Zaragoza said the new prices for the three tobacco types — Virginia, Burley and Native — were agreed upon during the biennial Tobacco Tripartite Consultative Conference held at the NTA Central Office last September 29.
The tripartite conference is hosted by the NTA every two years and is attended by tobacco farmers’ groups and tobacco manufacturing companies to evaluate and negotiate the floor prices of unprocessed tobacco leaves.
The last tripartite conference was held from September 5 to 6 in 2013.
Zaragosa said that floor price is the minimum price allowed by the government for the procurement of tobacco buyers from the farmers.
The floor price is set based on the prevailing market conditions such as production cost, reasonable margin of profit for stakeholders and growing conditions.
“The newly approved minimum floor price would provide tobacco farmers a guaranteed minimum return on investment of at least 25 percent for expenses. In coming out with the appropriate prices, we took into consideration the unabated increase of prices of farm inputs,” he said.
For Virginia, the floor price per kilogram for the top grades was increased by a range of P2 to P4.
The new prices are set at P81 for Grade AA; P79 for A; P77 for B; P75 for C; P68 for D; and P67 for E.
The former prices are P78 for AA; P75 for A; P73 for B; P71 for C; P66 for D; and P65 for E.
There was no increase for low grades as it remains at P59 for F1; P56 for F2, and P46 for Reject.
For Burley, the top-grade A rose by P7 bringing the price per kilo to P68 from the current P61.
The floor price for Grade B is now P65 and P56 for C — an increase of P6 and P3 from the current prices of P59 and P53 respectively.
There was no increase for low grades which remains at P45 for D; P44 for E; P37 for F; and P28 for Reject.
Farmer leader Mario C. Cabasal, president of the National Federation of Tobacco Farmers Association and Cooperatives (NAFTAC), said the farmers agreed to a status quo in the lower grade prices for Virginia and Burley so as to discourage production of low quality tobacco leaves.
“This is one of the conditions set by traders in increasing the prices for top grades,” he said.
Floor prices up
Meanwhile, the floor prices of the native-type were increased as follows: High-grade – from P66 to P70; Medium 1- from P56 to P58; Medium 2 – from P46 to P48; Low 1 – from P38 to P40; and Low 2 – from P26 to P28.
In the meantime, Zaragosa said the new floor prices would further boost the incomes of tobacco farmers.
“We expect farmers to benefit more from the newly-set tobacco prices since the actual buying price — which is based on prevailing market prices — is usually higher than the minimum floor price,” the NTA chief said.
AirAsia ups Manila-Hong Kong to daily flights
Read 806 times | Posted on October 12, 2015 @ 3 years ago
AIRASIA, the world’s best low cost carrier for seven consecutive years running, today announced it is increasing flights to Hong Kong from Manila from 4x to 7x weekly starting 25 October 2015. (more…)
CEB accepts delivery of brand-new Airbus A320 aircraft with Sharklets
Read 608 times | Posted on October 08, 2015 @ 3 years ago
THE Philippines’ leading carrier, Cebu Pacific (PSE: CEB), accepted delivery of its 32nd brand-new Airbus A320 aircraft which arrived at the Ninoy Aquino International Airport (NAIA) last Saturday, September 26, 2015. This is the third of four Airbus A320 aircraft that the airline is set to receive this year. (more…)
Recognizing the young asthmatic achievers
Read 703 times | Posted on October 08, 2015 @ 3 years ago
CSOs, academe urge solons to pass BBL
Read 643 times | Posted on October 08, 2015 @ 3 years ago
Gov’t to ramp up spending ahead of 2016 elections
Read 369 times | Posted on October 08, 2015 @ 3 years ago
This early, DBM Asst. Secretary Tanya Hamada said her department has asked concerned government agencies and local governments to prepare their detailed budget estimates for projects to be included in the 2016 national expenditure program.
Hamada said these documents include the detailed engineering design, program of work and cost estimates required for project bidding.
“It (2016) is an election year. For the first quarter, (project) implementation will kick-off because of the election ban by March,” she said in an interview on the sidelines of the Kapihan sa Media ng Bayan on Friday.
Once the proposed PhP3.002-trillion national budget for 2016 is approved, Hamada said the process only involves bidding and award of projects in January before the infrastructure ban.
“(With this,) I don’t think we will have (another) low first-quarter GDP (gross domestic product),” she said.
The government underspending on public infrastructure has been blamed on weaker growth of the economy in January to March this year.
The country’s second-quarter GDP expanded to 5.6 percent from 5 percent the previous quarter as strong government spending helped bolster economic expansion.
To address the issue of underspending, Hamada said the department is also strengthening the capacities of the local governments in project planning and budgeting.
“For example, for health stations and classrooms, local governments know which areas (these projects) are really needed,” she reasoned.
Hamada further said her agency is ramping up efforts to ensure faster disbursements.
She explained that once the General Appropriations Act (GAA) is passed, concerned agencies no longer need DBM-issued Special Allotment Release Order (SARO) for regular programs they undertake. (PNA)
Crime index in Davao region down by 28.38%
Read 628 times | Posted on October 08, 2015 @ 3 years ago
DAVAO City–Before the September 21 kidnapping of three foreigners and a Filipina from a resort in the Island Garden City of Samal, the crime index in the region had gone down by 28.38%. (more…)
Cebu City, province among 3rd most competitive in PHL
Read 672 times | Posted on July 20, 2015 @ 3 years ago
CEBU – The province of Cebu has been awarded as one of the Top 3 Most Competitive Provinces in the Philippines by the National Competitiveness Council (NCC).
Gov. Hilario P. Davide III accepted the award during the ceremonies held by NCC at the Philippine International Convention Center in Manila recently. (more…)
DILG initiates convergence dialogue for fisherfolks affected by West Phl Sea dispute
Read 612 times | Posted on July 20, 2015 @ 3 years ago
IBA, Zambales — Department of the Interior and Local Government (DILG) recently initiated a convergence dialogue that seeks to address the concerns of fisherfolks in Masinloc town that are currently affected by the tension in disputed territories over the West Philippine Sea.
“We wanted to know their sentiments and how government can provide assistance as the case is being resolved in the arbitral tribunal,” DILG Regional Director Florida Dijan said. (more…)