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...
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...
House Speaker Martin Romualdez (left), DOF Secretary Ralph Recto (Speaker’s office, Facebook) House Speaker Martin Romualdez has thanked on Wednesday, May 29 Department of Finance (DOF) Secretary Ralph Recto for making good his...
National Economic and Development Authority Secretary Arsenio M. Balisacan said that the reduction of domestic rice prices by 20 percent in September is possible given that world prices will decline. Balisacan referred to the statement by Finance Secretary Ralph G. Recto, noting that external...
President Marcos has urged Congress to allow the National Food Authority (NFA) to import rice as doing so would lead to the stabilization of rice prices. President Ferdinand ‘Bongbong’ Marcos Jr. (Malacañang photo) Marcos said this as the government works to amend the Rice Tariffication Law...
President Marcos believes that the government has already found the best solution to lower the price of rice in the market amid plans to certify as urgent the proposed amendments to the Rice Tariffication Law (RTL). President Ferdinand ‘Bongbong’ Marcos Jr. (Malacañang photo) In an interview...
House of Representatives (Ellson Quismorio/ MANILA BULLETIN) The House of Representatives has approved on second reading a measure seeking to amend Republic Act (RA) No. 11203, or the Rice Tariffication Law (RTL), in a bid to lower rice...
Senator Imee Marcos (Senate PRIB) Senator Imee Marcos is batting for government-to-government importation of rice bypassing the National Food Authority (NFA) amid what she described as the current "rice emergency" that the country is...
The Department of Finance (DOF) noted a slowdown in rice inflation for April, ending a streak of six months of acceleration, largely driven by the falling global price of this essential food item. Despite rice continuing to be the main contributor to headline inflation with 2.1 percentage points,...
Albay 2nd district Rep. Joey Salceda (Facebook) Economist-solon Albay 2nd district Rep. Joey Salceda says all efforts to manage the country’s inflation rate must be focused on the staple food of rice. Salceda, chairman of the House...
(Ellson Quismorio/ MANILA BULLETIN) AGRI Party-list Rep. Wilbert T. Lee expects retail prices of rice to drop by as much as P20 per kilo if and when the proposed amendments to Republic Act (RA) No. 11023 or the Rice Tariffication Law...
As small-sized eggs become more common during the summer months, the Department of Agriculture (DA) has clarified that this trend will not directly impact the overall egg supply in the country. In an interview with PTV on Friday, April 19, Agriculture Assistant Secretary and Spokesperson Arnel de...
