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Spark sells remaining stake in celltower firm Connexa for $314mTo minimize our rice importation, we must spend our irrigation money wisely. But first, let us understand our rice import situation today. The reason why the Philippines is the world’s top rice importer was given by Paul John Caña. He quotes from the book “Why Does the Philippine Import Rice,” which states: “Several answers have been given to this question, many of which injure national pride by alluding to bad politicians, corruption, incompetence or laziness. But the real answer is not so bad: In a word, it is geography. ” We import rice because we are composed of islands with no major deltas like Thailand and Vietnam. The major rice exporters are all in the Southeast Asian mainland (Thailand, Vietnam, Cambodia and Myanmar). The importers are all archipelagos or narrow peninsulas (the Philippines, Indonesia, Sri Lanka, Japan, Korea and Malaysia). READ: Marcos: New dams, river projects to lessen flooding in Cagayan Valley The book continues: “The fact that countries remain in one club or the other for long periods of time suggests that some deep force is at work. That deep force is endowments of land and water. Thailand has four times the arable land per person versus the Philippines.” Given this difficult situation, it is necessary that we choose the best ways to use our irrigation money to produce the most rice per peso spent. But in the past, Congress has chosen to spend too much of the available money on new irrigation when other alternatives are more cost-efficient. This is because new irrigation is perceived to get more votes than these other alternatives. Last Nov. 19, we talked to National Irrigation Administration (NIA) head Eduardo Guillen and National Confederation of Irrigators Association president Remy Albano. They recommended three more cost-efficient options compared to new irrigation, which averages P1.3 million a hectare. The first is to spend it on repairs and restoration. This would cost P500,000 per hectare, or 38 percent of the cost of new irrigation. With the same amount of money, we can produce 2.6 times the volume of new irrigation. READ: NIA’s solar irrigation project a game-changer for farmers, food security The second alternative is even more attractive. When irrigation does not work because of no energy, solar-powered systems can be used at only P250,000 per hectare. This means more than five times the benefit of new irrigation. Despite this, it is often shelved in favor of new irrigation. The third is to have solar-powered irrigation in traditionally nonirrigable areas. Irrigation is usually done only on land with a slope grade of 3 percent. But irrigation is not just for rice. Solar-powered irrigation can be used for high-value crops grown in mountainous areas, with the land sloping at up to 31 percent. This costs P750,000 per hectare. It yields a very high rate of return from these crops that sell for much higher prices than rice. In addition to choosing the optimal mode of irrigation, other factors should be considered to optimize its use. A new rice road map group, with Hazel Tanchuling as chair and Raul Montemayor as cochair, discusses the importance of considering climate change forecasts when deciding when to plant. Guiller, the NIA administrator, added that planting should no longer be done the traditional way in irrigated areas. Instead, planting should be timed to avoid the dangerous typhoons that cause havoc to rice production. But since this is against farmers’ culture and tradition, a system should be put in place to motivate this new behavior. An example will be to time the provision of inputs such as water, seeds and fertilizers so that the planting is done at the optimal time. Another key factor is clustering. Irrigation done in clustered areas will result in economies of scale. This will be seen in the different areas of production, credit, marketing and technology transfer. In addition, irrigation must be part of a holistic agriculture development plan. Subscribe to our daily newsletter By providing an email address. I agree to the Terms of Use and acknowledge that I have read the Privacy Policy . Because of geography, we may have no choice but to import rice. However, we should be replacing these imports through wise water use. Choosing the right way of spending irrigation money based on the expected return on investment, instead of perceived political benefit, must now be done by Congress. This must be supplemented by good management using factors like timing, clustering and the other components necessary for a complete approach. We can then move closer to true food security.
There is always a team shopping and hanging out in the trade market. In the NBA, that team is the Los Angeles Lakers (10-7). The Lakers are always a team that looks to improve their roster with the possibility of trading for a superstar or a key role player. This year is no exception based on how NBA trade rumors they are consistently in. They are reportedly shopping around the expiring contracts of point guard D’Angelo Russell and guard Jalen Hood-Schinfino to another team between now and February between the NBA Trade Deadline ends. Lakers may want to move on from Russell Russell’s second stint with the Lakers has been a roller coaster with the ride set to reach a disappointing conclusion. He came on after the Lakers decided to move on from their previous failed experiment at point guard in Russell Westbrook before the trade deadline in the 2022-2023 season. In the 17 regular season games played after traded to the Lakers, Russell was a high-volume and efficient shooter. Last season, Russell had good performances, but was terrible defensively and often played with poor effort. He was given coaching by first-year J.J. Redick and was called out publicly for lack of full effort. He is also having his worst season with the Lakers since re-joining the team. Russell is averaging 11.5 points shooting a field-goal percentage of 38.2% and a three-point shooting percentage of 28.1%. He is in the last year of a two-year; $36 million contract. What moves could the Lakers make? Russell will be a good pitch to a team that needs a tenacious shooter needing a new environment and an expiring. Russell would likely be paired with Hood-Schifino. He is in the final year of his contract after the Lakers declined his $4.06 million option for next season. He was the 17th overall pick in the 2023 NBA Draft, and has only played one game this season. The biggest is who would the Lakers be interested in? The team has been in the rumor mills of a potential trade with the Atlanta Hawks for young star point guard Trae Young for the longest time. Young has been rumored to go to the Lakers to play with LeBron James for so long that it feels forced. The Lakers have tried different times to get James the perfect point guard, but have failed because he is the point forward. Other potential moves could be with the Chicago Bulls for either guard Zach LaVine or center Nikola Vucevic. LaVine would be a great off-ball fast player to match with James. Vucevic, on the other hand, would Anthony Davis happy as Davis would rather play the power forward position than at center. These two teams have been at the discussion the most with the Lakers as it could finally happen this season. This article first appeared on NBA Analysis Network and was syndicated with permission.
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Destination Jamaica to be streamed on several digital platformsCOIN MOVES UP OVER 11 POINTS Coinbase Global, Inc. COIN today experienced a Power Inflow, a significant event for those who follow where smart money goes and value order flow analytics in their trading decisions. A 10:27 AM on December 4th , a significant trading signal occurred for Coinbase Global, Inc. (COIN) as it demonstrated a Power Inflow at a price of $320.39 . This indicator is crucial for traders who want to know directionally where institutions and so-called "smart money" moves in the market. They see the value of utilizing order flow analytics to guide their trading decisions. The Power Inflow points to a possible uptrend in Coinbase’s stock, marking a potential entry point for traders looking to capitalize on the expected upward movement. Traders with this signal closely watch for sustained momentum in Coinbase’s stock price, interpreting this event as a bullish sign. Signal description Order flow analytics, aka transaction or market flow analysis, separate and study both the retail and institutional volume rate of orders (flow). It involves analyzing the flow of buy and sell orders, along with size, timing, and other associated characteristics and patterns, to gain insights and make more informed trading decisions. This particular indicator is interpreted by active traders as a bullish signal. The Power Inflow occurs within the first two hours of the market open and generally signals the trend that helps gauge the stock’s overall direction, powered by institutional activity in the stock, for the remainder of the day. By incorporating order flow analytics into their trading strategies, market participants can better interpret market conditions, identify trading opportunities, and improve their trading performance. But let's not forget that while watching smart money flow can provide valuable insights, it is crucial to incorporate effective risk management strategies to protect capital and mitigate potential losses. Employing a consistent and effective risk management plan helps traders navigate the uncertainties of the market in a more controlled and calculated manner, increasing the likelihood of long-term success If you want to stay updated on the latest options trades for COIN , Benzinga Pro gives you real-time options trades alerts. Market News and Data are brought to you by Benzinga APIs and include firms, like https://www.tradepulse.net which are responsible for parts of the data within this article. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. After Market Close UPDATE : The price at the time of the Power Inflow was $320.39 . The returns on the High price ( $332.00 ) and Close price ( $331.06) after the Power Inflow were respectively 3.6% and 3.3%. That is why it is important to have a trading plan that includes Profit Targets and Stop Losses that reflect your risk appetite. In this case, the high of the day and close were very close but that is not always the case Past Performance is Not Indicative of Future Results © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.