While other regions and countries have retaliated against United States President Donald Trump’s imposition of increased tariffs on foreign goods, the Association of Southeast Asian Nations (ASEAN) will instead seek “a frank and constructive dialogue” to address trade-related concerns. ...
Albay 2nd district Rep. Joey Salceda (PPAB) Ever the optimist, economist-solon Albay 2nd district Rep. Joel Salceda has chosen to look at the bright side of the Trump administration's tariff-geddon, which didn't spare the Philippines. In...
Senator Sherwin Gatchalian on Friday, December 29 urged the government to pursue investments in agriculture even as he welcomes Malacañang’s move to extend reduced tariff rates on imported key agricultural commodities. Gatchalian is referring to Executive Order No. 50 issued by President...
The extension of tariff rate cuts for key commodities such as pork, corn, and rice will ensure sufficient and affordable food supply next year, the National Economic and Development Authority (NEDA) said. NEDA Secretary Arsenio M. Balisacan said on Thursday, Dec. 28, that there should be different...
The Tariff Commission (TC) is conducting full blast review of the most favored nation (MFN) tariffs to set the new import duty rates and schedules on wide ranging products from various countries, which account for 52 percent of the country’s total imports, over the next five years (2024-2028). MFN...
Domestic hogs producers have strongly urged the Tariff Commission (TC) to review the extended tariff rates on imported frozen edible offal and for the Department of Agriculture to establish the first border inspection facility to minimize smuggling and misdeclaration of imported animal meats....
President Ferdinand "Bongbong" Marcos Jr. has signed an executive order (EO) maintaining the temporary modification of import duty rates on mechanically deboned meat of chicken and turkey. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) “There is a need to maintain the...
President Ferdinand "Bongbong" Marcos Jr. has ordered to extend the temporary modification of rates of import duty on various food products to maintain affordable prices and help augment the supply of basic agricultural commodities. Through Executive Order (EO) No. 10, signed by the President on...
Senator Francis Pangilinan on Sunday, July 18 expressed dismay that pork prices remain high despite the lower tariff on imports, saying the government should restore to its original 20 to 30 percent levels to help hog raisers recover from the African swine fever. “It’s been three months since...
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 government intends to halt rice importation during the local harvest season to help protect farmers, according to a Palace official. (File photo/Keith Bacongco/Manila Bulletin) Presidential spokesman Harry Roque explained that rice importation will only be carried out after the domestic harvest...
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...
