Jasper Emmanuel Arcalas

Manila

Business Reporter at The Philippine Star

Reporter @PhilippineStar | Journalism Lecturer, UST | Hall of Famer (Binhi Awards, Bright Leaf Awards) | Thomasian | V-Amihan

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Articles

Manila Water net income climbs to P3.56 billion in Q1

5 days ago | philstar.com | Jasper Emmanuel Arcalas

MANILA, Philippines — Razon-led Manila Water Co. Inc. earned 14 percent more in the first quarter to over P3.5 billion, driven by higher tariff rate and more volume billed in its service area outside the East Zone of Greater Manila. Manila Water said its attributable net income reached P3.56 billion, about P439 million higher than the P3.12 billion recorded in the first three months of last year.
DA remains optimistic on record palay harvest

6 days ago | philstar.com | Jasper Emmanuel Arcalas

MANILA, Philippines — The Department of Agriculture (DA) is banking on higher yield to hit its record-high target palay production this year of 20.46 million metric tons (MT) despite a relatively flat output in the first quarter. DA deputy spokesperson Joycel Panlilio said the department remains “very optimistic” that the palay production target would be achieved this year, eclipsing the previous record-high of 20.06 million MT in 2023.
OceanaGold earnings drop on lower gold output

6 days ago | philstar.com | Jasper Emmanuel Arcalas

MANILA, Philippines — Australian-Canadian mining firm OceanaGold Philippines Inc. (OGPI) earned almost 36 percent less in the first quarter as revenues dropped due to lower gold output. In a regulatory filing, OGPI said its net income fell by 35.65 percent year-on-year to $7.4 million from $11.5 million a year ago. Revenues fell by 14 percent to $79.3 million from $92.1 million. Costs of sales dipped by five percent on an annual basis to $52 million from $54.6 million. “Revenue decreased...
Agricultural production grows nearly 2% in 3 months

1 week ago | philstar.com | Jasper Emmanuel Arcalas

MANILA, Philippines — The country’s agricultural output grew by almost two percent year-on-year in the first quarter, driven by sustained expansion in poultry production and recovery of the crops sector.
Nationwide rice inventory at 4-month high in April

1 week ago | philstar.com | Jasper Emmanuel Arcalas

MANILA, Philippines — The country’s total rice stocks in April rose by a quarter on an annual basis to over 2.3 million metric tons (MT) on the back of higher supplies held by households and the National Food Authority (NFA), the Philippine Statistics Authority (PSA) said. Nationwide rice inventory as of April 1 reached 2.34 million MT, about 480,000 MT higher than the 1.86 million MT recorded in the same period last year.
High-value crops need more budget support - DA

1 week ago | philstar.com | Jasper Emmanuel Arcalas

MANILA, Philippines — The Department of Agriculture’s (DA) high-value crops program is seeking an additional P5 billion budget next year to expand its projects aimed at reducing farmers’ wastage and improving their income, a ranking official said. Agriculture Undersecretary Cheryl Marie Natividad-Caballero said the additional funding would bring the programs’ total budget to P7.1 billion, more than triple its current budget of P2.1 billion.
FNI completes nickel shipment to Indonesia

1 week ago | philstar.com | Jasper Emmanuel Arcalas

MANILA, Philippines — Platinum Group Metals Corp., the operating arm of Global Ferronickel Holdings Inc. (FNI) in Surigao, successfully made its first shipment for the year – bound for Indonesia – as the mining firm seeks to diversify its client base. In a regulatory filing, FNI said the shipment was aboard M/V YUE DIAN 59 that left PGMC anchorage area last April 30. The vessel carried 56,625 wet metric tons (WMT) of low-grade nickel ore with 1.25 nickel and iron content below 20 percent.
Coco export earnings surge 76 percent to $868 million

1 week ago | philstar.com | Jasper Emmanuel Arcalas

MANILA, Philippines — The country’s exports of coconut-based products expanded by 76 percent to $868 million in the first quarter from $492 million a year ago as prices of coconut oil remained elevated amid growing demand and tighter supply, according to the Philippine Statistics Authority (PSA). As expected, coconut oil led the product group in terms of export receipt, accounting for 85 percent of the total value posted by the product group.
Farmers, fisherfolk protection in focus in US trade talks

1 week ago | philstar.com | Jasper Emmanuel Arcalas

MANILA, Philippines — The government has vowed to protect the interests of Filipino farmers and fishermen in its trade negotiations with the United States over the Western economy’s reciprocal tariffs, Agriculture Secretary Francisco Tiu Laurel Jr. said. The country’s negotiating team, led by Special Assistant to the President for Investment and Economic Affairs Frederick Go, is currently in Washington to discuss the reciprocal tariffs with the US Trade Representative.
Farmers, fisherfolk protection in focus in US trade negotiations

1 week ago | philstar.com | Jasper Emmanuel Arcalas

MANILA, Philippines — The government has vowed to protect the interests of Filipino farmers and fishermen in its trade negotiations with the United States over the Western economy’s reciprocal tariffs, Agriculture Secretary Francisco Tiu Laurel Jr. said. The country’s negotiating team led by Special Assistant to the President for Investment and Economic Affairs Frederick Go is currently in Washington to discuss the reciprocal tariffs with the US Trade Representative.