Liberalized rice trade in the Philippines not only pulled prices down but also benefited farmers as well as the poor, according to the World Bank. The World Bank deems short-term subsidies—like the so-called "NFA rice" of the past—as ineffective in lifting the food-poor from their plight, as...
The Philippines’ rice industry has been making significant strides since the enactment of the Rice Tariffication Law (RTL) in 2019, driven by sustained collaboration of the government, farmers, and local authorities, according to the Department of Agriculture (DA). In a statement, the DA said...
The measure seeking to amend and extend the Rice Tariffication Law (RTL), or Republic Act No. 11203, has progressed in the Senate. The bill is contained in Committee Report No. 282, entitled “An Act Amending Republic Act 8178 or the Agricultural Tariffication Act of 1996 as amended by RA...
Senator Imee Marcos has called on the National Economic Development Authority to publicize the details of its board meeting that led to the government’s controversial decision to cut the tariff on imported rice to 15 percent up to 2028. Sen. Imee Marcos attends Thursday’s hearing of the...
(MANILA BULLETIN) Camarines Sur 2nd district Rep. LRay Villafuerte remains hopeful that the proposed amendments to the Rice Tariffication Law (RTL) would become a top concern for the Senate amid the rising costs of rice. This, after House Speaker...
President Marcos' economic managers maintained that the National Food Authority (NFA) should continue its role in buffer stocking and intervene in the market only during emergencies. National Economic and Development Secretary Arsenio M. Balisacan said that any reforms to the state grains agency...
The Department of Finance (DOF) will review the proposed amendment to the Rice Tariffication Law (RTL) to ensure that the debts from the National Food Authority (NFA) do not inflate. Finance Secretary Ralph G. Recto said that the law is working, however, he noted that some tweaks should be done to...
House of Representatives (Ellson Quismorio/ MANILA BULLETIN) The House of Representatives has approved on second reading a measure seeking to amend Republic Act (RA) No. 11203, or the Rice Tariffication Law (RTL), in a bid to lower rice...
House of Representatives (Ellson Quismorio/ MANILA BULLETIN) Members of the House of Representatives hailed on Tuesday, May 7 the swift passage at the committee level of a measure that aims to amend the Rice Tariffication Law (RTL) for the purpose of...
Quezon 2nd district Rep. David "Jay-jay" Suarez (Dexter Barro II/MANILA BULLETIN) A much welcome development. Deputy Speaker and Quezon 2nd district Rep. David "Jay-jay" Suarez had this to say as he commended President Marcos for his intention to...
With recent support having been garnered from President Marcos, the Department of Agriculture (DA) has asked the House of Representatives to further pursue amendments to the Rice Tariffication Law (RTL), specifically on the extension of the Rice Competitiveness Enhancement Fund (RCEF). In a hearing...
(Keith Bacongco/MANILA BULLETIN) The House of Representatives Committee on Agriculture and Food launched on Tuesday, April 30, its evaluation on the effectiveness of the five-year-old Rice Tariffication Law (RTL) on the country’s agriculture sector. The...
