By Reuters Staff
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MANILA, Feb 5 (Reuters) - Philippine annual inflation accelerated faster than expected at 4.2% in January, the highest since January 2019, driven by the heavily-weighted food and non-alcoholic beverages index, the statistics agency said on Friday.
The headline figure beat the median forecast of 3.5% in a Reuters’ poll and was outside the central bank’s projected range of 3.3%-4.1% for the month.
Reporting by Neil Jerome Morales and Enrico Dela Cruz Editing by Ed Davies
The Philippine Department of Energy said on Friday it has signed a memorandum of understanding with Australia-based research and development firm Star Scientific Ltd to explore the potential of hydrogen as an energy source in the country.
MANILA, Jan 18 (Reuters) - The Philippines is aiming to triple pork imports this year, the agriculture minister said on Monday, after domestic prices jumped more than 50% from a year earlier as African swine fever decimated hog populations.The Southeast Asian country, the world's seventh-biggest pork importer before local demand fell due to the pandemic, plans to lift purchases to 162,000 tonnes, Agriculture Secretary William Dar told a media briefing.The Philippines mainly imports pork from Canada, the United States, France, the Netherlands, and Spain.
(Updates prices)
JOHANNESBURG, Jan 12 (Reuters) - Nickel prices jumped on Tuesday after major producer the Philippines ordered a halt on mining on an island that is home to some projects.
Philippine President Rodrigo Duterte banned mining on Tumbagan Island in Languyan, in Tawi-Tawi province, over concerns about the environmental impact.
Although the order did not cover the country’s nickel mining hub in Caraga region, the potential supply disruption boosted prices.
Benchmark nickel on the London Metal Exchange (LME) was up 3.3% at $17,650 a tonne by 1700 GMT, making it the biggest gainer among base metals.
“This seems like it’s a small part of nickel mining in the Philippines, so it’s interesting to note but I don’t think it has a large influence on actual supply,” said Commerzbank analyst Daniel Briesemann.