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Bacolod City, Philippines Friday, August 28, 2020
Palay prod’n up 12.15% in WV

Production of palay, or unhusked rice, in Western Visayas increased by 12.15 percent in the first semester of this year compared to the same period last year, Remelyn Recoter, director of the Department of Agriculture Region 6, said.

The palay production this year reached 753,832.24 metric tons compared to last year’s 672,152.53 MT, based on the report of the Philippine Statistics Authority.

Recoter said that despite the coronavirus crisis, the resiliency of rice farmers in the region continues and that they manifested dedication and commitment to provide sufficient, affordable, and safe food for everybody.

Pawnshops’ income from
remittance operations rising

The income of pawnshops from remittance services continues to rise as more institutions tap pawnshops because of their wider reach compared to banks and other financial institutions.

In a virtual briefing yesterday, Bangko Sentral ng Pilipinas Governor Benjamin Diokno said the latest five-year record ending in 2018 shows that income of pawning firms from remittance services rose by 50 percent relative to the previous five-year period.

“As the pawnshop industry evolves, a number of industry players engage in corollary activities such as remittance and money changing. And these activities provide additional income and expand the profitability of pawnshops,” he said.


ButtonPalay prod’n up 12.15% in WV
ButtonPawnshops’ income from remittance operations rising
ButtonPeso, stocks index down

ButtonP400-M education aid for kin of qualified OFWs
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