THE government should minimize the entry of imported fiber into the country, as such could pose a threat to local abaca production, according to the Philippine Fiber Industry Development Authority ...

Specifically, the production of abaca, a hemp indigenous to the Philippines. In 2023, the country produced 86 percent of ...

AGRICULTURE Secretary Francisco Tiu Laurel Jr. is asking government agencies to help support the abaca industry. "We will request that the Bangko Sentral ng Pilipinas reconsider its decision to remove ...

Will the BSP reply that polymer banknotes last longer than abaca paper currency, one of their excuses? That has not been ...

As of 2023, the Philippines accounted for close to 90 percent of the global supply of abaca, which is known internationally as Manila hemp. They are known for their tensile strength and resistance to ...

MANILA, Philippines — The Department of Agriculture (DA) said it will request the Bangko Sentral ng Pilipinas (BSP) to reconsider the use of abaca fiber in the country’s banknotes, which the ...