Senator Francis “Kiko” Pangilinan has welcomed the government’s decision to extend the rice import ban until the end of the year, saying it is a timely move to protect local farmers amid rising fuel prices and global market volatility. “Beyond supporting local farmers and stabilizing the...
President Marcos has extended the suspension of rice importation to Dec. 31. Through Executive Order No. 102, President Marcos ordered the suspension of importation of right-milled and well-milled rice until Dec. 31 this year. The suspension, however, does not cover the importation of specialty...
The Marcos administration is considering extending the ongoing suspension on rice imports until the end of the year, as the policy continues to fall short of improving the prices of palay (unmilled rice) amid a strong harvest, according to the Department of Agriculture (DA). Agriculture Secretary...
The proposed extension of the 60-day suspension on rice imports and increase in rice tariffs has been approved by President Marcos, the Department of Agriculture (DA) said. Agriculture Secretary Francisco Tiu Laurel said on Wednesday, Sept. 24, that the President has agreed to extend the import...
President Marcos has issued Executive Order (EO) No. 93 that suspends the importation of regular and well-milled rice for 60 days. It shall take effect from Sept. 1 until Oct. 30 this year. Under EO 93 dated Aug. 29, Marcos said the suspension of the importation of regular and well-milled rice was...
Malacañang assured the public that the country’s rice supply remains sufficient even with the 60-day suspension of imports starting next month, citing local harvests and stronger government monitoring. Communications Undersecretary Claire Castro said this ahead of the start of the two-month...
The Bureau of Customs (BOC) has reported a decline in revenue collection due to reduced tariffs on rice and zero-import duties on electric vehicles (EVs). According to the BOC, these policy adjustments have resulted in a combined revenue loss of nearly P9 billion in the first nine months of 2024....
The Philippine Statistics Authority (PSA) reported that the government’s decision to lower rice import tariffs is starting to affect consumer prices. In a briefing, National Statistician and PSA Undersecretary Claire Dennis S. Mapa said the tariff reduction significantly contributed to the...
The Department of Agriculture (DA) said the Cabinet may reevaluate the proposed reduction in import duties on rice following feedback from various stakeholders regarding its potential implications. In a statement, Agriculture Secretary Francisco Tiu Laurel Jr. said there remains an opportunity for...
The Inter-Agency Committee on Inflation and Market Outlook (IAC-IMO) has proposed the extension of lower tariff rates on essential commodities until Dec. 31, 2024, the National Economic and Development Authority (NEDA). NEDA Secretary Arsenio M. Balisacan said that the committee's recommendation...
The government will distribute direct cash assistance of P5,000 to as many as 59,125 farmers in Nueva Ecija to be funded from the excess rice import tariff collection under the Rice Competitiveness Enhancement Fund (RCEF). The Department of Agriculture (DA) formally launched this week RCEF’s Rice...
Three years since the implementation of the Rice Tariffication Law (RTL), the Philippine Center for Postharvest Development and Mechanization (PHilMech), the government agency tasked to mechanize the local rice sector, has only spent merely 6 percent of its total allocation under the Rice...
