Some senators have agreed to temporarily reduce tariff rates on rice even though the government stands to lose “less than P10 billion” in revenues, according to the Department of Finance (DOF). It was mentioned however by Finance Undersecretary Domini Velasquez that while the projected...
Electric motorcycles and bicycles will now enjoy lower tariff rates following its inclusion to the list of vehicles under the Executive Order (EO) No. 12 The National Economic and Development Authority Board approved the recommendations of the Committee on Tariff and Related Matters on the review...
President Marcos said he would certify as urgent the bill proposing to amend the five-year-old Rice Tariffication Law (RTL), saying the government should have some form of influence in how rice is being sold in the country. President Ferdinand ‘Bongbong’ Marcos Jr. (Malacañang photo) Marcos...
The National Economic and Development Authority said that the implementation of non-tariff barriers on imports, such as the requirement of sanitary and phytosanitary import clearance (SPSIC), has hurt Filipino consumers. In a statement on Thursday, April 25, NEDA Secretary Arsenio M. Balisacan...
The National Economic and Development Authority (NEDA) has expressed its support for the Department of Agriculture’s proposal to extend the Rice Competitiveness Enhancement Fund (RCEF). “NEDA is looking at that issue. There are pros, there are cons. I would like to think that keeping the RCEF...
The Energy Regulatory Commission (ERC) will issue ‘green energy tariff” that shall serve as the basis for the acceptable price tender for the 4,199 megawatts of non-feed in tariff (non-FIT) renewable energy (RE) capacities that shall be offered this year by the Department of Energy (DOE) under...
The Department of Energy (DOE) is eyeing the issuance of a Presidential mandate that will expand the coverage of zero tariff incentive for electric vehicles (EVs) - primarily for hybrids, as well as the two-wheeler and three-wheeler fleets. Energy Undersecretary Felix William Fuentebella told...
Senator Sherwin Gatchalian on Friday, December 29 urged the government to pursue investments in agriculture even as he welcomes Malacañang’s move to extend reduced tariff rates on imported key agricultural commodities. Gatchalian is referring to Executive Order No. 50 issued by President...
The extension of tariff rate cuts for key commodities such as pork, corn, and rice will ensure sufficient and affordable food supply next year, the National Economic and Development Authority (NEDA) said. NEDA Secretary Arsenio M. Balisacan said on Thursday, Dec. 28, that there should be different...
Amid the ongoing El Niño phenomenon, the prices of agricultural commodities, such as regular milled rice, posted an increase in the initial days of December. Based on a survey by the Philippine Statistics Authority (PSA), the average retail price of a kilogram of well-milled rice rose to P48.84...
Famed for gaining his expertise and solid experience as a power industry veteran and former executive of the country’s biggest power distribution utility Manila Electric Company, Engineer Fortunato “Atoy” C. Leynes has been designated under the Marcos administration as the new President and...
The Inter-Agency Committee on Inflation and Market Outlook (IAC-IMO) has proposed the extension of lower tariff rates on essential commodities until Dec. 31, 2024, the National Economic and Development Authority (NEDA). NEDA Secretary Arsenio M. Balisacan said that the committee's recommendation...
