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    What ails Tuna?

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    Date
    February 2, 2010
    Author
    Somera, Den
    Metadata
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    Classification code
    PD20100202_B2
    Excerpt
    January ended as a big disappointment. One stock that ended similarly for the period was Alliance Tuna International Inc. (TUNA). Plummeting like a falling hard rock, TUNA’s share price was already down 18.26 percent last Friday, Jan. 29, from its trading high of P2.08 at the start of the year. The overriding reason that may fundamentally explain for the poor performance of the shares of TUNA is said to be about the implications of the decision to close part of the western central area of the Pacific Ocean from fishing operations involving high pocket fishing, Philippine payaw fishing and purse seine fishing—all of which are high volume-catch methods—by the Western and Central Pacific Fisheries Commission (WCPC). According to the Socsargen Federation of Fishing and Allied Industries (SFFAI), the closure that started last Jan. 1, 2010, will significantly affect the country’s tuna catch to about 10 to 20 percent.
    Citation
    Somera, D. (2010, February 2). What ails Tuna?. Philippine Daily Inquirer, p. B2.
    URI
    http://hdl.handle.net/20.500.12174/8605
    Corporate Names
    Alliance Tuna International Inc. (TUNA) Western and Central Pacific Fisheries Commission (WCPC) Socsargen Federation of Fishing and Allied Industries (SFFAI) European Union (EU)
    Geographic Names
    Pacific Ocean
    Subject
    tuna fisheries fishing fisheries purse seines purse seining fishery economics economics Season regulations overfishing Fishery industry
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    • Philippine Daily Inquirer [1901]

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