Senate Deputy Minority Leader Senator Risa Hontiveros has filed a resolution asking the Senate, particularly the Committees on Agriculture, Food and Agrarian Reform, to conduct a consultative and comprehensive review of the Rice Tariffication Law (RTL). Hontiveros, in filing Senate...
Instead of lowering the rice import tariffs, the government should consider utilizing the revenues to benefit low-income and lower-middle class families. Sen. Risa Hontiveros (Senate PRIB Photo) Senator Risa Hontiveros on Monday, September 25 made the suggestion as she expressed doubts on...
The Department of Finance (DOF) said the government may lower rice tariffs once Congress adjourns by the end of this month. Finance Secretary Benjamin E. Diokno said the economic team recommended a temporary decrease in the current 35 percent rice import tariff rates to address the rising prices of...
Some senators on Friday, September 1 find it unnecessary for the government to impose a price ceiling on rice as addressing rice cartel and hoarding should have been the primary move of the government to tame the skyrocketing prices of the basic food staple in the market. Senators...
Senator Cynthia A. Villar, chairperson of the Senate agriculture and food committee, is elated with the recognition given by the World Bank (WB) to the Rice Tariffication Law (RTL) or Republic Act No. 11203 as a "strategic policy reform.” The WB lauded the RTL as "indicative of the true spirit of...
The Bureau of Customs (BoC) has confirmed that there has been undervaluation of rice imports in the country and vowed to address the issue. (MANILA BULLETIN) A statement from the Federation of Free Farmers (FFF) revealed that BoC Commissioner Rey Leonardo Guerrero has already initiated to plug...
Philippine Center for Postharvest Development and Mechanization (PHilMech) is confident that with the government’s mechanization efforts, the production cost of palay will go down by more than 20 percent but by the end of 2024 yet. Photo by Timur Kozmenko on Unsplash Philmech Director for Applied...
The Philippines remains in a strong fiscal position to meet the financial challenges posed by the coronavirus pandemic and ride out the global economic crisis, the Department of Finance (DOF) said. Finance Secretary Carlos G. Dominguez III said the government has the financial muscles to reboot the...
As the prices of palay sank to as low as P12 per kilogram (/kg) in some areas, Senator Risa Hontiveros agreed there is a need to amend the Rice Tariffication Law (RTL) and promised to convince the law's author and fellow senator, Cynthia Villar, about it....
