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...
The Tariff Commission said the definitive anti-dumping duty on the importation of wheat flour from Turkiye is set to expire on October 27 this year and urged concerned parties to submit their position on the matter. In an advisory, the Commission urged concerned parties to file a written request...
The Cement Manufacturers Association of the Philippines (CeMAP) welcomed the imposition of definitive anti-dumping duties against cement imports from Vietnam stating the move is a show of support for the investments and development of the domestic cement manufacturing industry for job creation and...
Senators on Monday, December 19 thanked President Marcos for extending the tariff rates for basic commodities such as rice and meat, especially during the holiday season and in light of the eight percent inflation as of November. ‘’However, this should not be adopted as a long-term policy; the...
Editorial All of the major expatriate business organizations in the country — American, Japanese, Korean Australia-New Zealand, and European Union — have issued a call to make the government’s planned temporary zero duty privilege on the importation of electric vehicles (EVs) more inclusive...
The European Chamber of Commerce of the Philippines (ECCP), composed of foreign business chambers representing EU and European firms’ interest in the country, has urged the government that the planned zero tariff on the importation of electric vehicles (EVs) should cover all other types of EVs,...
An executive order (EO) to enforce a zero-tariff policy for electric vehicles has been endorsed for the approval of the President, National Economic Development Authority (NEDA) Secretary Arsenio Balisacan said. NEDA Secretary Arsenio M. Balisacan Balisacan revealed during a Palace briefing on...
Independent power producers (IPPs) in the country are asking for a permanent zero tariff on all types of coal imports from non-ASEAN countries to diversify sources of coal outside of Indonesia and ensure energy security in the country. In a presentation during the public hearing conducted by the...
The government will distribute direct cash assistance of P5,000 to as many as 59,125 farmers in Nueva Ecija to be funded from the excess rice import tariff collection under the Rice Competitiveness Enhancement Fund (RCEF). The Department of Agriculture (DA) formally launched this week RCEF’s Rice...
Philippine Association of Feed Millers Inc. (PAFMI) sees importation as a band aid solution or the “the best route to take” at the moment as Severe Tropical Storm Maring destroyed a significant amount of corn output. Otherwise, consumers will have to deal with an increase in the price of animal...
Corn farmers recorded a staggering revenue loss of about P10 billion due low farm-gate prices, prompting the filing of a House Resolution seeking to junk the Department of Agriculture’s (DA) proposal to temporarily lower import tariff on the main staple. 38728 In a statement, a group of corn...
Three years since the implementation of the Rice Tariffication Law (RTL), the Philippine Center for Postharvest Development and Mechanization (PHilMech), the government agency tasked to mechanize the local rice sector, has only spent merely 6 percent of its total allocation under the Rice...
