(Ellson Quismorio/ MANILA BULLETIN) The Senate is open to passing the House-approved bill that seeks to amend the five-year-old Rice Tariffication Law (RTL), according to House Speaker Martin Romualdez. This was one of the main...
From left to right: House Majority Leader Mannix Dalipe, House Speaker Martin "Mr. Rice" Romualdez, Senate President Francis "Chiz" Escudero, Senate Majority Leader Francis Tolentino. (Speaker’s office) The Office of House Speaker Martin "Mr....
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...
One of the most brilliant and honest among jurists and politicians that the Philippines has ever produced, former Chief Justice of the Supreme Court, Hilario A. Davide Jr. has said the final word about the House Absolute Divorce Bill or House Bill No. 9349. It is unconstitutional. Even...
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 Court of Tax Appeals (CTA) has denied for lack of merit the petition of Calumpit Multi-Purpose Cooperative (CMPC) which contested the seizure, auction and forfeiture in 2018 of its P68.4 million worth of imported rice from Thailand. The case started on Sept. 9, 2015 when CMPC was granted a...
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...
House Speaker Martin Romualdez (Ellson Quismorio/ MANILA BULLETIN) The Bangko Sentral ng Pilipinas (BSP) can help maximize the expected reduction on retail prices of rice by keeping the peso at "reasonable levels" against the United States (US) dollar. This was...
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...
