President Marcos has formalized the reduction of tariff rate on rice from 35 percent to 15 percent. MB File Photo/Mark Balmores The rice tariff cut was formalized through Executive Order No. 62 which also ordered the modification of nomenclature and tariff rates on various products to ensure...
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 Philippines is poised to retain its position as the leading global rice importer this year and the next, according to the latest forecasts from the United States Department of Agriculture (USDA). The USDA now expects that the country’s rice imports will reach up to 4.6 million metric...
House Speaker Martin Romualdez (left), Senate President Francis "Chiz" Escudero (Facebook) The House of Representatives and the Senate are close to reaching an agreement on the proposed amendments to the Rice Tariffication Law (RTL). ...
The Philippine Statistics Authority (PSA) reported that rice and corn production is expected to decrease in the third quarter of this year. As of May, palay or rice production is estimated to drop by 8.4 percent to 3.89 million metric tons between April and June from 4.25 million MT in the same...
FILE - Bruce Hickey, 70, walks along the waterfront, now littered with debris including shrimp boats, in the mobile home park where he and his wife, Kathy, have a winter home on San Carlos Island, Fort Myers Beach, Fla., on Oct. 5, 2022, one week after the passage of Hurricane Ian. The National...
(Ellson Quismorio/ MANILA BULLETIN) The Senate is open to passing the House-approved bill that seeks to amend the five-year-old Rice Tariffication Law (RTL), according to House Speaker Martin Romualdez. This was one of the main...
From left to right: House Majority Leader Mannix Dalipe, House Speaker Martin "Mr. Rice" Romualdez, Senate President Francis "Chiz" Escudero, Senate Majority Leader Francis Tolentino. (Speaker’s office) The Office of House Speaker Martin "Mr....
Camarines Sur 2nd district Rep. LRay Villafuerte (Facebook) Camarines Sur 2nd district Rep. LRay Villafuerte has challenged those opposing the Palace-ordered 20 percent tariff rate reduction on rice imports to put forward better options in the bid to...
One of the most brilliant and honest among jurists and politicians that the Philippines has ever produced, former Chief Justice of the Supreme Court, Hilario A. Davide Jr. has said the final word about the House Absolute Divorce Bill or House Bill No. 9349. It is unconstitutional. Even...
National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan said the 15 percent reduced tariff on rice was a balancing act to ensure affordable prices and protect consumers’ interest. In a statement on Monday, June 10, Balisacan said the decision was not made lightly as the...
The Court of Tax Appeals (CTA) has denied for lack of merit the petition of Calumpit Multi-Purpose Cooperative (CMPC) which contested the seizure, auction and forfeiture in 2018 of its P68.4 million worth of imported rice from Thailand. The case started on Sept. 9, 2015 when CMPC was granted a...
