Senate Deputy Minority Leader Senator Risa Hontiveros has filed a resolution asking the Senate, particularly the Committees on Agriculture, Food and Agrarian Reform, to conduct a consultative and comprehensive review of the Rice Tariffication Law (RTL). Hontiveros, in filing Senate...
Instead of lowering the rice import tariffs, the government should consider utilizing the revenues to benefit low-income and lower-middle class families. Sen. Risa Hontiveros (Senate PRIB Photo) Senator Risa Hontiveros on Monday, September 25 made the suggestion as she expressed doubts on...
The Department of Finance (DOF) said the government may lower rice tariffs once Congress adjourns by the end of this month. Finance Secretary Benjamin E. Diokno said the economic team recommended a temporary decrease in the current 35 percent rice import tariff rates to address the rising prices of...
Some senators on Friday, September 1 find it unnecessary for the government to impose a price ceiling on rice as addressing rice cartel and hoarding should have been the primary move of the government to tame the skyrocketing prices of the basic food staple in the market. Senators...
Senator Cynthia A. Villar, chairperson of the Senate agriculture and food committee, is elated with the recognition given by the World Bank (WB) to the Rice Tariffication Law (RTL) or Republic Act No. 11203 as a "strategic policy reform.” The WB lauded the RTL as "indicative of the true spirit of...
The Department of Budget and Management (DBM) said Monday, August 1, that it has approved the release of subsidy to rice farmers affected by the Rice Tariffication Law (RTL). In a statement, Budget Secretary Amenah F. Pangandaman said the Notice of Cash Allocation (NCA) amounting to P8.05 billion...
President-elect Bongbong Marcos wants to increase the P10-billion Rice Competitiveness Enhancement Fund (RCEF), which is a key component of Republic Act (RA) No. 11203 or the Rice Tariffication Law (RTL). President-elect Bongbong Marcos (BBM Media Bureau) This, as Marcos prepares to face a looming...
The Department of Finance (DOF) reported on Monday, June 13, that two government-owned banks have facilitated the distribution of over P8.2 billion in cash aid to qualified small palay farmers as part of the Rice Farmers Financial Assistance Program (RFFA). Citing data from the Department of...
The Department of Finance (DOF) has defended the implementation of the rice tariffication law (RTL), which allows unrestricted importation of rice at 35 percent tariff, as presumptive president Ferdinand “Bongbong” R. Marcos Jr. is poised to suspend the three-year law enacted by outgoing...
State-lender Land Bank of the Philippines continues in administering support programs for the Department of Agriculture as part of the rice tariffication law’s (RTL) implementation to help Filipino rice farmers. In a statement on Wednesday, May 19, Land Bank said it has disbursed a total of P7.5...
The Philippine Center for Postharvest Development and Mechanization (PHilMech) is now preparing for next month’s bidding of P5-billion worth of farm machineries to be funded by Rice Tariffication Law’s (RTL) Rice Competitiveness Enhancement Fund (RCEF). In a briefing, PHilMech Executive...
The Bureau of Customs (BoC) has confirmed that there has been undervaluation of rice imports in the country and vowed to address the issue. (MANILA BULLETIN) A statement from the Federation of Free Farmers (FFF) revealed that BoC Commissioner Rey Leonardo Guerrero has already initiated to plug...
