Davaoeños to export lapu-lapu to Xiamen

Sep 19, 2017 - 9:50 PM

Once the fish fry sent here from China have become fully-grown and have reproduced, they will be exported back to Xiamen, where the market price of the said commodity hovers at around P3,000 per kilo

A CATCH. Importers from Xiamen are preparing to ship 100,000 grouper fry from the fishermen in Davao. Rappler file photo

Peace talks with Reds to protect banana industry – exporters

Sep 04, 2017 - 8:29 PM

Banana plantations in Mindanao have been a constant target of the New People’s Army the armed wing of the Communist Party of the Philippines

BANANA INDUSTRY. A crop duster plane sprays fungicide to protect the 7,000 hectare banana plantation of Tagum Agricultural Development Co. from destructive leaf virus in Tagum in Davao del Norte province. Photo by Romeo Gacad/AFP

South Korea offers to fund Philippine infrastructure projects

Jun 07, 2017 - 7:15 PM

The Export Import Bank of Korea KEXIM offers concessional loans and a knowledge driven program that will enable South Korea to share its successes and failures to the Philippines

WELCOMED. Representatives of KEXIM met with Philippine government to discuss their proposed concessional loans for some Philippine public infrastructure deals. Rappler file photo

DOLE contradicts PEZA: Company in Cavite fire violated standards

Jun 05, 2017 - 1:40 PM

The Department of Labor and Employment says House Technology Industries violated labor and safety standards contrary to the findings of the Philippine Economic Zone Authority

HTI. Portion of the burned building of the House Technology Industries in the Cavite Export Processing Zone. Rappler file photo

PH can be a leading halal exporter in 2 years – MinDA chief

Apr 09, 2017 - 9:30 AM

Philippine trade officials and businessmen eyeing the halal market participate at the Malaysia International Halal Showcase in Kuala Lumpur

PH FOOD. Philippine officials showcase the Philippine pavilion at this year's MIHAS. From L-R: Third Secretary and Vice Consul Alvin C. Malasig, Charges d'Affaires Raly Tejada, MinDa chief Datu Abul Khayr Dangcal Alonto, Commercial Attache Kat Banzon, DTI Region V Division Chief Melchor Aguilar, and Second Secretary and Consul Johann Andal. Photo by Carol Ramoran/Rappler

Oil producers eye extension of output cuts

Mar 27, 2017 - 1:20 AM

OPEC and non OPEC producers are studying whether to extend the cuts for another 6 month period

OIL OUTPUT. An oil pumpjack works on January 19, 2016 in Sweetwater, Texas. File photo by Spencer Platt/Getty Images/AFP

PH asks Australia to open market for banana growers

Mar 26, 2017 - 11:05 PM

Philippine Finance Secretary Carlos Dominguez III once an agriculture chief raises the Philippines two decade concern in his meeting with Australian Foreign Minister Julie Bishop

LONGSTANDING CONCERN. Banana products from Mindanao plantations are exported to markets like Middle East, Russia, China, Japan, and South Korea where demand for the fresh fruit has increased in recent years. But Australia continues to impose stricter screening measures on Philippine bananas entering their borders. File photo by AFP

Gov’t mulls Indonesian-style export ban on unprocessed minerals – DENR

Mar 03, 2017 - 10:36 PM

In the long term that will help our economy because that will increase the value add of the products says Environment Undersecretary Maria Paz Luna

5th HTI fire victim dies in hospital

Feb 24, 2017 - 7:57 PM

Antonia Caviteño is the 5th fatality from the fire that hit House Technology Industries in Cavite

4th HTI fire victim dies in hospital

Feb 23, 2017 - 8:03 AM

Jojo Arcinue of HTI with 65 burns died due to multiple organ failure due to sepsis reports Cavite Governor Jesus Crispin Remulla

FACTORY FIRE. A fire hit the HTI factory in Cavite on February 1, 2017. Photo by Naoki Mengua/Rappler

Villarin: PH to lose $12.8B in EU trade if death penalty returns

Feb 21, 2017 - 8:37 PM

Akbayan Representative Tom Villarin says one of the considerations for countries to continue having tariff free trading with the European Union is the non imposition of the death penalty

ANTI-DEATH PENALTY. Akbayan Representative Tom Villarin is one of the lawmakers opposing the return of the capital punishment. Screengrab from congress.gov.ph

After HTI fire, labor dep't wants safety inspection task back

Feb 13, 2017 - 8:36 PM

Labor Secretary Silvestre Bello III and Cavite Governor Jesus Crispin Remulla say the safety provisions of the law that created the Philippine Economic Zone Authority should be reviewed

REVIEW PEZA LAW. Department of Labor and Employment (DOLE) Secretary Silvestre Bello III said that there is a need to review the law that created special economic zones in a press conference on the preliminary report on the fire that broke at a House Technology Industry (HTI) facility in the Cavite export processing zone.

Another HTI worker dies from Cavite fire

Feb 09, 2017 - 7:29 PM

Richard Sargento 33 is the latest confirmed fatality

How one worker escaped the HTI fire in Cavite

Feb 08, 2017 - 10:03 PM

I heard screams shouts loud coughs loud questions loud weeps and continuous sounds of fear from everyone Kinakain na ng usok ang mga nasa hagdan pababa recounts Ariel Jerome Seroma

TOTALLY BURNT. Members from the Scene of the Crime Operatives and the Bureau of Fire Protection inspect the House Technology Industries (HTI) facility that went up in flames Wednesday, February 1. Photo from the Provincial Government of Cavite

Indonesia gov't, Freeport still at odds over export regulations

Feb 08, 2017 - 9:18 PM

The company and the Indonesian government has yet to reach a compromise on copper exports after the government introduced new regulations in January which could affect the mining giant s operations

PROTEST. The Grasberg mine in Papua operated by PT Freeport Indonesia is the site of the most recent protest. Photo from Facebook/Freeport Indonesia

Inflation hits 2.7% in January

Feb 07, 2017 - 3:05 PM

Prices rise at a faster rate than at any point last year due to increases in oil transport housing and utilities according to NEDA

News Briefs: February 6, 2017

Feb 06, 2017 - 12:55 PM

Stories from across the Philippines on Monday February 6

HTI fire: Worker dies in hospital

Feb 05, 2017 - 9:05 AM

UPDATED This is the first officially confirmed fatality in connection with the February 1 fire inside the Cavite Export Processing Zone

Photo by Naoki Mengua/Rappler

WATCH: Fire leaves HTI building in ruins

Feb 05, 2017 - 12:09 AM

The biggest employer in the export processing zone House Technology Industries loses a 6 hectare facility to fire

IN PHOTOS: After the fire, EPZA's HTI building

Feb 04, 2017 - 9:09 PM

Cost of damage to the Japanese owned firm is estimated to be between P12 billion to P15 billion

Photo by Naoki Mengua/Rappler

Remulla on Cavite EPZA fire: No cover-up

Feb 04, 2017 - 6:40 PM

HTI workers in critical condition will be transferred to Philippine General Hospital for further treatment once they are stable

AFTERMATH. This photo taken on Saturday, February 4 shows the burnt HTI building in Cavite. All photos by Aika Rey/Rappler

Cavite EPZA fire: No deaths recorded, but...

Feb 03, 2017 - 9:10 PM

All 3 189 workers on shift when the fire broke have been accounted for but authorities are not ruling out finding dead bodies when they finally inspect the HTI facility on Saturday February 4

ACCOUNTED FOR. Cavite Governor Jesus Crispin Remulla shows the list of those injured when the fire broke at the House Technology Industries (HTI) building Wednesday, February 1. He said that there were no missing workers and everyone has been accounted for. Photo by Jeff Digma/Rappler

Ceasefire, factory fire, Uber | Evening wRap

Feb 03, 2017 - 8:56 PM

Watch the evening newscast with Chay Hofileña

HTI workers won't be jobless for long after Cavite EPZA fire – Remulla

Feb 03, 2017 - 2:31 PM

UPDATED Cavite Governor Jesus Crispin Remulla says regular workers will be absorbed by sister companies of House Technology Industries while adjustments are being made for the rest of some 15 000 affected workers

CRITICAL CONDITION. Divine Grace Medical Center in General Trias is one of the hospitals where victims of the Cavite EPZA fire are confined. Photo by Jeff Digma/Rappler

Mining, Duterte, Robredo | Evening wRap

Feb 02, 2017 - 8:38 PM

Watch the evening newscast with Chay Hofileña

Bello, factory fire, Beyonce | Midday wRap

Feb 02, 2017 - 1:11 PM

Watch the midday newscast with Zak Yuson

#ThewRap: Things you need to know, February 2, 2017

Feb 02, 2017 - 11:43 AM

Hello Here are the stories you shouldn t miss this Thursday

LIST: Workers injured in Cavite export processing zone fire

Feb 02, 2017 - 2:21 AM

UPDATED Rappler updates this list of patients as hospitals make their names available

FACTORY FIRE. Up to 100 workers of House Techology Industries at the Cavite Export Processing Zone are being treated in various hospitals after the fire on February 1, 2017. Photo by Naoki Mengua/Rappler

100 hurt in Cavite factory fire

Feb 02, 2017 - 12:49 AM

UPDATED As of midnight of Thursday there are between 80 and 100 HTI workers being treated in various hospitals around Rosario town where the Cavite Export Processing Zone is located

CAVITE EPZA'S BIGGEST EMPLOYER. Fire hits the Housing Technology Industries facility in Cavite's Export Processing Zone at around 6 pm on February 1, 2017, just after employees have changed shifts. Rappler photo

Oil producers say output cut on track

Jan 23, 2017 - 12:45 AM

Compliance is great it s been really fantastic says Saudi Arabian Oil Minister Khaled al Falih

SWEETWATER, TX - JANUARY 19: An oil pumpjack works on January 19, 2016 in Sweetwater, Texas. Global oil prices continue their downward fall with U.S. oil dropping towards $27 a barrel, its lowest since 2003, on worries about global oversupply. Following a diplomatic agreement on nuclear fuel with America, Iran has forecast it will add 500,000 barrels per day to global production, following the lifting of sanctions. Spencer Platt/Getty Images/AFP

PH exports fall by 7.5% in November 2016

Jan 10, 2017 - 5:04 PM

Socioeconomic Planning Secretary Ernesto Pernia expects a better year for exports in 2017 in anticipation of stronger trade ties with China and Russia

DAMPENING DEMAND. Demand for electronics exports decline from key markets. File photo Romeo Gacad/AFP.

Dozens of Bangladesh factories close as workers strike

Dec 22, 2016 - 11:13 PM

Bangladesh Garment Manufacturers and Exporters Association president Siddikur Rahman says at least 55 factories will remain close until the Bangladesh government says it is safe to reopen them

Qatar, Kuwait to cut oil production from January 1

Dec 14, 2016 - 1:10 PM

Oil companies in the two countries say they will comply with the recent OPEC agreement

A general view taken on April 16, 2016 shows the Shuaiba oil refinery south of Kuwait City. Kuwaiti oil workers plan to go on strike on April 17, 2016 in protest to what they call the government's plan to cut their annual benefits and bonuses. / AFP PHOTO / YASSER AL-ZAYYAT

Oil soars as non-OPEC producers agree on caps

Dec 12, 2016 - 3:22 PM

Oil soars following a landmark deal by Russia and other non OPEC producers to join the cartel in capping output

A worker pumps fuel at a petrol station outside Dakar on January 17, 2016. Seyllou/AFP

Oil resumes rise after OPEC cut

Dec 01, 2016 - 3:21 PM

Crude futures prices surged more than 10 immediately after the OPEC deal

A boat (foreground) is seen past an oil tanker (background) docked next to an oil refinery on Bukom island off Singapore on January 18, 2016. Roslan Rahman/AFP

OPEC boosts oil price with output cut

Nov 30, 2016 - 12:10 PM

UPDATED It represents a dramatic reversal from OPEC s Saudi led strategy introduced in 2014 of flooding the market to force out rivals in particular US shale oil producers

The logo of OPEC is pictured at the OPEC headquarters on the eve of the 171th meeting of the Organization of the Petroleum Exporting Countries in Vienna, on November 29, 2016.  Joe Klamar/AFP

OPEC scrambles to agree crucial oil output cut

Nov 28, 2016 - 3:27 PM

Failure to get an accord could send oil prices tumbling and reignite debate about the purpose of the 56 year old Organization of the Petroleum Exporting Countries

A worker pumps fuel at a petrol station outside Dakar on January 17, 2016. Seyllou/AFP

Rodrigo Duterte, PH economy, United States | 6PM wRap

Nov 17, 2016 - 7:06 PM

Watch the 6PM newscast with Chay Hofileña

PH GDP, Zika cases, fake news | 12PM wRap

Nov 17, 2016 - 12:52 PM

Watch the 12PM newscast with Mara Cepeda

PH GDP grows by 7.1% in Q3 2016

Nov 17, 2016 - 10:05 AM

The Philippines is the fastest growing among major Asian emerging economies that have already released data for the quarter says NEDA

Saudi oil minister says OPEC production cut 'imperative'

Nov 14, 2016 - 12:10 AM

Khalid al Falih urges cartel members to stick to the agreement they reached in Algiers in September

Saudi Minister of Energy, Industrial and Mineral Resources Khalid al-Falih arrives for the opening ceremony of the Qatari and Saudi Economic Forum on November 6, 2016 in Riyadh. / AFP PHOTO / FAYEZ NURELDINE

OPEC pumping oil at record levels ahead of crunch meeting – IEA

Nov 11, 2016 - 1:15 AM

Production rises to a record 33 83 million barrels a day in October according to the International Energy Agency

A man fills his car with gas at a Wawa gas station in Woodbridge, Virginia, January 5, 2016. Oil prices fell further January 5 as the crude supply glut overshadowed a diplomatic row between key producers Saudi Arabia and Iran as fuel prices in the US have fallen below $2 per gallon. AFP PHOTO / SAUL LOEB / AFP PHOTO / SAUL LOEB

Alternative weapon suppliers for the PH: how they fare

Nov 07, 2016 - 12:12 AM

With the reluctance of the US to continue with its arms deal with the Philippines PNP chief Director General Ronald dela Rosa says the country can still source weapons from Germany Israel Belgium Russia and China

Saudi Aramco CEO predicts oil market balance by early 2017

Nov 02, 2016 - 3:30 PM

The gap between supply and demand is closing says Amin Nasser

Amin al-Nasser, president of state oil giant Saudi Aramco, delivers a speech on October 11, 2016 during the 23rd World Energy Congress in Istanbul.  World Energy Congress in Istanbul brings together players across the energy sector to discuss a transformation of the sector. Saudi Arabia said on October 10 it was "not unthinkable" that the price of crude oil could surge to $60 a barrel by the end of the year but warned against drastic production cuts that might shock markets. / AFP PHOTO / OZAN KOSE

Japan swings back to September trade surplus

Oct 24, 2016 - 9:59 AM

Japan swung to a bigger than expected trade surplus in September as tumbling imports offset lackluster shipments overseas

This file photo taken June 20, 2016 shows a container being unloaded from an international freighter at a port in Tokyo.  Toshifumi Kitamura/AFP

Oil price down cycle 'nearing end' – Saudi minister

Oct 24, 2016 - 12:25 AM

We are optimistic that oil prices will continue to improve in the future says Saudi Oil Minister Khalid al Falih

Saudi Oil Minister Khalid al-Falih addresses a Gulf ministerial meeting in Riyadh on October 23, 2016. Falih said that the current cycle of falling crude prices is close to an end as market fundamentals improve. Oil prices are currently hovering at around $50 per barrel after hitting a 10-year low of less than $30 in January, down from a peak of more than $100 in mid-2014.    / AFP PHOTO / FAYEZ NURELDINE

Indonesian coffee is among the world's best. So why have many not tried it?

Oct 18, 2016 - 6:43 PM

The demand for Indonesian coffee from the rest of the world is there yet many still have not tried coffee from the world s 4th largest producer Here s why

IT HAS A STORY. Before your coffee looked, smelled and tasted this good, it went through a process

OPEC agrees surprise oil output cut

Sep 29, 2016 - 8:06 AM

UPDATED The news triggered an immediate spike of more than 5 in crude prices as markets had expected the Algiers meeting to end without agreement

A worker pumps fuel at a petrol station outside Dakar on January 17, 2016. Seyllou/AFP

ADB upgrades PH growth outlook to 6.4% for 2016, 6.2% for 2017

Sep 27, 2016 - 4:33 PM

The Asian Development Bank sees the Philippines as an economic bright spot with growth expected to pick up on continued consumption and expected reforms

OPTIMISTIC. Economists at the Asian Development Bank explain their projections for the Philippines and the rest of the region at the release of the update to its flagship report held on September 27 at its headquarters in Mandaluyong. Photo by Chris Schnabel/Rappler

Oil market still weak despite recovery – Saudi Aramco

Sep 26, 2016 - 10:50 PM

There are fears that oil producing countries will not be able to reach a deal in Algiers this week

A picture taken on May 10, 2016 shows over Shaybah, the base for Saudi Aramco's Natural Gas Liquids plant and oil production in the surrounding Shaybah field in Saudi Arabia's remote Empty quarter desert close to the United Arab Emirates, on May 10, 2016. Despite collapsed global oil prices, production is expanding at Shaybah, as it is in other units of the company at the centre of the kingdom's Vision 2030 drive for diversification away from oil. The Saudi government plans to sell less than five percent of the company in what officials say will be the world's largest-ever share offering, while transforming Saudi Aramco into "a global industrial conglomerate". By 2020 the company says it will have tripled its gas processing capacity from levels at the turn of the century. / AFP PHOTO / IAN TIMBERLAKE