Economy

Davao activists dismayed over Arroyo’s failure to address rising cost of food, fuel

By GRACE S. UDDIN | Davao Today

Militant groups were dismayed over President Gloria Macapagal Arroyo's move to strengthen her political party amidst the growing demands for more affordable food, lower prices of oil from the people.

Continue ReadingDavao activists dismayed over Arroyo’s failure to address rising cost of food, fuel

NFA pilots rice auction in Davao to bring down prices

By GERMELINA A. LACORTE | Davao Today

The National Food Authority (NFA) is selling its special grade imported Thai rice in commercial markets here to bring down the soaring prices of rice that have gone up to as much as P52 a kilo in the previous weeks.

Continue ReadingNFA pilots rice auction in Davao to bring down prices

Price of rice soars in Davao

In one of the rice stalls on Bangoy street, Banay-banay rice sells at forty-two pesos per kilo while the 7-tonner variety sells at thirty nine pesos per kilo. Consumers were alarmed when commercial rice prices went as high as forty pesos per kilo in a week's time. n a press conference on May 30, Department of Agriculture XI Regional Director Rogelio Chio notes a ten peso increase in the price of rice from last week's average of 34-peso per kilo. He also cites reports that rice prices in Malalag, Davao del Sur, even went up as high as fifty pesos per kilo. (davaotoday.com photo by Barry Ohaylan)

Continue ReadingPrice of rice soars in Davao