Foreign reserves rise
Friday, October 17, 2014
In terms of US dollar, the reserves rose by $189 million to $8.8 billion while in SDR the reserves rose by SDR190 million to SDR5.7 billion. Based on changes in the reserves, adjusted for unrealised gains and losses, the balance of payments was in overall surplus by P2.9 billion in July. On a year to date basis, the cumulative surplus stood at P10.5 billion in July.
The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...