logo
Philippine durian gains market access to Egypt

Philippine durian gains market access to Egypt

The Star29-05-2025
MANILA: (Bernama-Xinhua) The Philippine durian has gained market access to Egypt, the Department of Agriculture's Bureau of Plant Industry said, Xinhua reported.
"This development, confirmed on May 18, 2025, marks the successful conclusion of nearly two years of technical negotiations, pest risk assessments, and regulatory cooperation between the Philippines and Egypt," the bureau said in a statement on social media on Wednesday (May 28) afternoon.
According to the bureau, the fresh market access reflects regulatory compliance and growing confidence in the country's plant health and safety systems.
The path to market access began in June 2023, when the Philippines formally notified its intent to export fresh durian to Egypt.
Since then, the bureau said it has actively collaborated with Egypt's Central Administration for Plant Quarantine, addressing key concerns related to pest surveillance, phytosanitary measures, and export protocols.
According to the bureau, the Philippines exported 14,156.87 metric tonnes of fresh durian in 2024 to various international destinations, representing a 199.23 per cent increase from 2023, which highlights the growing global demand for Philippine durian. - Bernama-Xinhua
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Ringgit opens flat against US$ on cautious sentiment
Ringgit opens flat against US$ on cautious sentiment

The Star

time7 minutes ago

  • The Star

Ringgit opens flat against US$ on cautious sentiment

KUALA LUMPUR: The ringgit opened flat against the US dollar on Wednesday, amid cautious market sentiments ahead of the United States (US) Federal Reserve (Fed) chair, Jerome Powell's Jackson Hole speech this Friday. At 8 am, the local note stood at 4.2215/2420 from yesterday's close of 4.2215/2255. Bank Muamalat Malaysia Bhd chief economist Dr Mohd Afzanizam Abdul Rashid said the US Dollar Index (DXY) fluctuated from a low of 97.95 to a high of 98.29 points, with traders adopting a cautious stance ahead of Powell's speech. "Market participants are searching for clues on the Fed's stance on monetary policy and how it will shape their decision in the upcoming Federal Open Market Committee meeting on Sept 16-17. "Markets are pricing higher odds for a 25 basis points (bps) cut. As such, the two- and 10-year US Treasury yield slid by two bps and four bps to close at 3.75 per cent and 4.30 per cent, respectively," he told Bernama. The Jackson Hole Economic Policy Symposium will be held on Aug 21-23, with the theme of "Labour Markets in Transition: Demographics, Productivity and Macroeconomic Policy". Yesterday, the ringgit closed at RM4.2235, easing by 0.04 per cent versus the greenback. As such, Mohd Afzanizam expects the ringgit to maintain its trajectory between RM4.22 and RM4.23 today. The ringgit opened higher against a basket of major currencies, with the exception of the Japanese yen, where it eased to 2.8578/8718 from Tuesday's close of 2.8572/8601. It gained against the British pound to 5.6923/7199 from 5.7066/7120 yesterday and rose vis-à-vis the euro to 4.9147/9385 from 4.9307/9354 previously. At the same time, the local note traded mixed against other ASEAN currencies. It gained versus the Singapore dollar to 3.2844/3007 from 3.2901/2935 at Tuesday's close and strengthened against the Thai baht to 12.9498/13.0195 from 12.9848/13.0027 yesterday. The ringgit was flat vis-à-vis the Philippines' peso at 7.39/7.43 from yesterday's 7.39/7.40, as well as against the Indonesian rupiah, where it stood at 259.8/261.2 from 259.8/260.2 on Tuesday. - Bernama

MotoGP Meets Web3 With Bitget's Smarter Speed Challenge
MotoGP Meets Web3 With Bitget's Smarter Speed Challenge

Barnama

time19 minutes ago

  • Barnama

MotoGP Meets Web3 With Bitget's Smarter Speed Challenge

VICTORIA, Seychelles, Aug 20 (Bernama) -- Bitget, the world's leading cryptocurrency exchange and Web3 company, is revving up for the second half of the MotoGP season with the official launch of the Smarter Speed Challenge, an online racing mini-game built to bring an adrenaline rush to the fingertips of both Web2 and Web3 users. Flagging off on August 18, this campaign blends online gameplay with real-world perks. Users can climb live online leaderboards for their chance at a share of 66,000 USDT, a paid trip to meet five-time world champion Jorge Lorenzo and exclusive 2026 MotoGP VIP Passes. This initiative is an extension of Bitget's broader MotoGP collaboration, with the exchange serving as the Regional Partner for four major Grand Prix events in Italy, Germany, Spain, and Indonesia. At the heart of the partnership is the 'Make It Count' campaign, fronted by three-time world champion Jorge Lorenzo, reinforcing the shared ethos of split-second precision and strategic performance.

Bursa Malaysia Opens Slightly Lower
Bursa Malaysia Opens Slightly Lower

Barnama

time23 minutes ago

  • Barnama

Bursa Malaysia Opens Slightly Lower

KUALA LUMPUR, Aug 20 (Bernama) -- Bursa Malaysia opened slightly lower today due to mild profit taking in selected heavyweights after recent gains, amid weaker sentiments on the global economic outlook, a dealer said. At 9.10 am, the FTSE Bursa Malaysia KLCI (FBM KLCI) slipped 1.16 points to 1,589.08 from yesterday's close of 1,590.24. The benchmark index opened 2.21 points lower at 1,588.03. Market breadth was negative with decliners leading advancers 166 to 145, while 264 counters were unchanged, 2,019 untraded and 16 suspended. Turnover stood at 123.43 million shares worth RM75.37 million. In a note, Malacca Securities Sdn Bhd expects the FBMKLCI to trade in a lacklustre tone today, tracking Wall Street's weaker overnight performance. 'However, buying interest might emerge in domestic-driven consumer-related counters, such as 99SMART and MRDIY, which are expected to benefit from government cash aid and handouts,' it said in a note. The brokerage firm said the Wall Street closed mostly lower as investors shifted out of significantly overstretched large-cap tech stocks and moved into small caps and value stocks ahead of the Jackson Hole meeting this Friday. 'Traders' focus this week will be on Jerome Powell's speech at the Jackson Hole Symposium, where the market is speculating the United States Federal Reserve to adopt a more dovish tone and potential rate cut in September, with the probability currently at 86.1 per cent,' it said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store