The country’s palay output inched up during the first quarter of the year, amid the Philippine government’s decision to allow more imported rice into the country at lower tariffs, pulling down prices of the seasonally adjusted farmgate price. Latest data from the Philippine Statistics Authority...
Department of Agriculture (DA) Secretary William Dar bared that they are looking to release the suggested retail price (SRP) for imported pork within the week. (Photo courtesy of LANDBANK) In a virtual press briefing Wednesday, May 12, Dar said that the agency is currently finalizing the proposed...
As much as 446,858 metric tons (MT) of cheaper, imported rice had so far entered the country this year, data from the Bureau of Plant Industry (BPI) showed. Based on the latest data from BPI, as many as 372 Sanitary and phytosanitary import clearance (SPS-IC) were already used so far for this year....
The departments of trade and industry and the agriculture are finalizing within this week a price cap for imported pork which could even be lower than the existing price ceiling on pork. This was revealed by Trade and Industry Secretary Ramon M. Lopez during the Malacanang public press briefing of...
Will bonds shift demand locally? On January 4, 2020, the Department of Trade and Industry announced the imposition of a safeguard duty or tariff on imported cars in response to a petition made by the Philippine Metalworkers Alliance (PMA). The provisional safeguard duty will be in the form of a...
Just a few days ago, the Department of Trade and Industry announced the imposition of a safeguard duty or tariff on imported cars in response to a petition made by the Philippine Metalworkers Alliance (PMA). The provisional safeguard duty will be in the form of a cash bond amounting to P70,000/unit...
Domestic car manufacturers and traders slammed the decision of the Philippine government to slap a punitive safeguard duty on imported completely built up (CBU) cars and light commercial vehicles (LCVs), citing short and long-term risks to the industrial sector, price hikes, deferment of expansion...
The Philippines today slapped a provisional safeguard duty against imported passenger cars and light commercial vehicles (LCVs) to protect the domestic motor vehicle manufacturing industry from the onslaught of imported vehicles, a move that will hit Thailand and Indonesia the most being the top...
The Association of Vehicle Importers and Distributors, Inc. (AVID) continues its robust revival with a whopping 212 percent increase in sales, from 4,955 units sold in the second quarter of the year to 15,471 units sold in in the third quarter. AVID President Ma. Fe Perez-Agudo AVID President Ma....
