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...
Senators have expressed differing opinions on the newly approved reduction tariff on rice by the National Economic and Development Authority (NEDA) that has already been approved by President Marcos. NEDA Secretary Arsenio M. Balisacan said that the reduction tariff on rice from 35 percent to 15...
President Marcos' chief economic manager said that despite the global decline in prices, the consistently high local costs of rice remain a key concern. In a statement, Finance Secretary Ralph G. Recto pointed out the substantial price gap of rice between the current market prices and those of last...
The Philippine Statistics Authority (PSA) estimated that the decrease in rice tariffs from 35 percent to 15 percent could potentially reduce rice prices by P6 to P7 per kilo. In a briefing on Wednesday, June 5, PSA Undersecretary Claire Dennis S. Mapa said that these estimates were made taking into...
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...
House Speaker Martin Romualdez (left), President Ferdinand "Bongbong" Marcos Jr. (Speaker’s office) "Mr. Rice" House Speaker Martin Romualdez has praised President Marcos' move to slash the tariff for imported rice from a hefty 35 percent to...
The Department of Agriculture (DA) said it is committed to its goal of producing 20.44 million metric tons of palay this year despite the impact of El Nino. In a statement, Agriculture Undersecretary Chris Morales said that they are optimistic about achieving this target, especially with the...
President Marcos' economic managers maintained that the National Food Authority (NFA) should continue its role in buffer stocking and intervene in the market only during emergencies. National Economic and Development Secretary Arsenio M. Balisacan said that any reforms to the state grains agency...
The reduction tariff on rice from 35 percent to 15 percent and additional government subsidies will lessen the cost of rice to P29 per kilo for the poor, National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan said. Balisacan said on Tuesday, June 4, that adjusting the...
