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Philippine farmers seek rice law review over prices

Bloomberg As rice prices plunge, farmers in the Philippines are asking President Rodrigo Duterte to review a 5-month-old law that paved the way for unlimited imports of the staple grain, Agriculture Secretary Emmanuel Pinol said. Rice prices at the farm gate dropped to 12-14 pesos ($0.24-$0.27) a kilo from 20 pesos earlier this year, Pinol said on his Facebook account. ...

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Singapore’s export slumps amid trade war

Bloomberg Singapore’s exports plummeted in June amid a worsening trade war, spelling more bad news for the city state’s economy. Non-oil domestic exports contracted 17.3 percent from a year ago after falling a revised 16.3 percent in May, Enterprise Singapore said. That was worse than the median estimate of a 9.6 percent decline in a Bloomberg survey of economists. The ...

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Visa invests in Go-Jek to push digital pay in SE Asia

Bloomberg Visa Inc has become the latest investor in ride-hailing giant Go-Jek as the two companies push digital payments across Southeast Asia. The world’s biggest payments network has invested an undisclosed amount in Go-Jek as part of the Indonesian company’s ongoing series F fundraising round, the two companies said. The move follows Go-Jek’s announcement this month it had secured funding ...

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