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...
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...
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 government could lose around P20 billion to P22 billion in revenues this year due to the 15 percent tariff reduction on rice imports, Finance Secretary Ralph G. Recto said. Recto, however, said that this could be offset through lowering inflation, which would lead to possible cut on interest...
(Keith Bacongco/MANILA BULLETIN) Following the Palace-ordered tariff cut on rice imports, House Deputy Minority Leader and Basilan lone district Rep. Mujiv Hataman says he is mulling the filing of a measure that would enhance the protection and...
Quezon 1st district Rep. Wilfrido Mark Enverga (Contributed photo) The Palace-ordered reduction on the duties imposed on imported rice won’t lead to reduced government support for rice farmers. Quezon 1st district Rep. Wilfrido Mark Enverga,...
(MANILA BULLETIN) House Speaker Martin Romualdez has quelled concerns that the reduction on imported rice tariff rate from 35 percent to 15 percent would lead to the local market getting "flooded" with imported rice, to the detriment of Filipino farmers....
Albay 2nd district Rep. Joey Salceda (Rep. Salceda's office) President Marcos' decision to slash reduce the tariff on rice imports from 35 percent to 15 percent bodes well for price stability on the staple grain. Thus, said...
House of Representatives (Ellson Quismorio/ MANILA BULLETIN) The so-called "Young Guns" of the House of Representatives gave their thumbs up Wednesday, June 5 to Malacañang's decision to drastically reduce the tariff on rice imports...
Some senators have agreed to temporarily reduce tariff rates on rice even though the government stands to lose “less than P10 billion” in revenues, according to the Department of Finance (DOF). It was mentioned however by Finance Undersecretary Domini Velasquez that while the projected...
Electric motorcycles and bicycles will now enjoy lower tariff rates following its inclusion to the list of vehicles under the Executive Order (EO) No. 12 The National Economic and Development Authority Board approved the recommendations of the Committee on Tariff and Related Matters on the review...
President Marcos said he would certify as urgent the bill proposing to amend the five-year-old Rice Tariffication Law (RTL), saying the government should have some form of influence in how rice is being sold in the country. President Ferdinand ‘Bongbong’ Marcos Jr. (Malacañang photo) Marcos...
