Quick takes from around the market
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Markets latest news
DA pushing for bigger Philippine share of Japan’s food market
The Department of Agriculture is looking to get for Filipino farmers and fisherfolk a bigger share of food market of Japan, which imported a total USD87 billion of agricultural products in 2022, the fifth largest in the world that year.
COP28: Philippines at the forefront of energy transition
MANILA, Philippines — The beginning of a year typically ushers renewed hope, and I believe that there is much to be hopeful for. The recently concluded COP28 held in Dubai signaled the “beginning of the end” for the fossil fuel era. For the first time ever, signatories of the United Nations Framework Convention on Climate Change (UNFCCC) penned an agreement to “transition away from fossil fuels in energy systems, in a just, orderly and equitable manner.” The parties also agreed to the tripling of renewable energy capacity and doubling of energy efficiency improvements by 2030. This puts the onus on UNFCCC signatory nations, which includes the Philippines, to set ambitious goals and initiatives to shift energy systems from fossil fuel to renewables, and help attain the 1.5-degree temperature limit.
Go Negosyo, CDA sign deal to scale up small farmers
MANILA, Philippines — Entrepreneurship advocacy group Go Negosyo and the Cooperative Development Authority (CDA) signed an agreement that will soon give small farmers a better chance at scaling up.
India's Adani reclaims Asia's richest mantle after scandal
NEW DELHI, India — India's Gautam Adani once again became Asia's richest man on Friday, according to a Bloomberg index of the world's billionaires, a year after allegations of market manipulation hammered his conglomerate's stock prices.
Crypto Vision Conference 2024 – Philippines: “Decrypting the Crypto Market Outlook for 2024”
Be ready on a journey of discovery and insight at this pivotal event, where the future of cryptocurrency and digital finance takes center stage. Unlock the future prospects of the crypto market at the Crypto Vision Conference 2024 in Makati, Philippines!
Quick takes from around the market
1. Aboitiz Power [AP 37.70, down 0.3%; 18% avgVol] [link] predicted “tight market conditions” for electricity in 2024 due to “thin supply margins”, 6.6% demand growth, and insufficient transmission infrastructure. The Aboitiz Family’s energy generation company said that “finishing long-overdue transmission projects” will help “free stranded capacity like that in Mindanao and help support thin margins elsewhere in the country.”
Sebastian also quitting DA after downgrade
MANILA, Philippines — Another senior official of the Department of Agriculture (DA) opted to retire amid the ongoing major reshuffle being implemented by Agriculture Secretary Francisco Tiu Laurel Jr.