The Department of Agriculture is enlisting the support of key government agencies, particularly the Bangko Sentral ng Pilipinas (BSP) and the Department ...

Abaca, or Manila hemp, is native to the Philippines, and the local industry accounted for 86 percent of global abaca supply in 2023. Abaca production reached an annual average of $139.2 million in ...

Specifically, the production of abaca, a hemp indigenous to the Philippines. In 2023, the country produced 86 percent of global abaca supply. The old banknotes were fashioned out of 20 percent ...

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 ...

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 ...