The Department of Finance (DOF) is "strongly objecting" to the appeals for President Duterte to recall his executive order (EO) that reduced the tariffs of imported rice, saying its benefits would outweigh the revenues that the government will lose. (Mark Balmores/MANILA BULLETIN File Photo) The...
The Philippines will participate in two major import-export fairs in China this year and has reopened a trade and investment center in Hong Kong to further boost commerce between the two countries. Trade and Industry Secretary Ramon M. Lopez announced at the virtual 46th Anniversary of...
Senator Cyntha Villar on Wednesday, June 9, took exception to claims of farmers' groups that she ignored the calls for action on President Duterte's Executive Order (EO) No. 135, which reduced the tariffs on imported rice. Senator Cynthia Villar, chairperson of the Senate agriculture and food...
Senator Risa Hontiveros urged Malacañang on Wednesday, May 19, to take back the executive order (EO) that lowers tariffs on imported rice, saying this will burden Filipino rice farmers. (Keith Bacongco/MANILA BULLETIN File Photo) “I urge Malacañang to recall EO 135. Lowering imported rice...
The government wanted to shore up the country's supply of rice given the threat posed by climate change when it reduced import tariffs on the staple food. (Manila Bulletin file photo by Keith Bacongco) Presidential spokesman Harry Roque defended the President Duterte's decision to lower the tariff...
With the Covid-induced demand crash last year, the country’s aggregate oil import bill slowed down by a significant 46.2 percent to $6.371 billion from a comparatively whopping $11.838 billion in 2019. The Department of Energy’s Oil Industry Management Bureau (DOE-OIMB)...
Brace for more imported pork products in the country. After declaring a state of calamity over the African Swine Fever outbreak, President Duterte has approved the higher import quota for pork products to help ensure adequate and affordable food in the country. President Rodrigo Duterte (File...
Senators and government economic managers have finally reached a compromise on the adjustment of tariff rates and volume for the importation of pork. Senate President Vicente 'Tito' Sotto III "Compromised reached!" Senate President Vicente Sotto III told reporters Wednesday, May 5, citing a "seesaw...
Finance Secretary Carlos Dominguez on Tuesday, April 27, defended their recommendation to President Duterte to sign Executive Order 128, which reduces tariff on the importation of pork products. (MANILA BULLETIN File photo/Keith Bacongco) In a virtual presence during a public hearing by the Senate...
Senator Cynthia Villar on Monday, April 26, praised the reported achievements of government agencies in implementing the Rice Tariffication Law (RTL), particularly the funds meant to aid local rice farmers amid the liberalized importation of the commodity. (MANILA BULLETIN File Photo/Jansen Romero)...
The latest move of Vietnam – the Philippines’ top source for cheaper, imported rice – to import rice too may push rice prices higher on the local front, sources said. Department of Agriculture (DA) Undersecretary Ariel Cayanan said the unprecedented decision of Vietnam, one of the world’s...
Switzerland, one of the highest per capita countries in the world, has identified processed food, natural ingredients and value-added textiles as potential products that Philippines can export to their country and into the larger EU countries. Photo credit: https://www.sippo.ch/ A recent study by...
