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...
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...
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...
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...
Reducing the tariff on imported rice to 17.5 percent would be more favorable to the consumers and farmers, Finance Secretary Ralph G. Recto said. On the sidelines of the Philippine Economic Briefing on Monday, May 27, Recto said that there should be a balance between the two parties when...
WASHINGTON — New tariffs on Chinese electric vehicles and batteries, solar cells, medical equipment and other goods are intended to protect U.S. jobs and manufacturers. They could raise prices on certain specific items, experts say, though a broad inflationary impact is unlikely in the short...
The government’s inter-agency body on inflation has officially recommended to President Marcos that the reduced import tariff on rice be extended until the end of next year, the National Economic and Development Authority (NEDA) said. After the Oct. 3 meeting of the Inter-Agency Committee on...
President Marcos on Tuesday, Sept. 27, scrapped the proposed temporary implementation of rice tariff reduction which would’ve aimed to address the surge of rice prices in the market. President Ferdinand Marcos Jr. (Photo from the Presidential Communications Office) A statement from the...
Finance Secretary Benjamin E. Diokno brushed off the farmers' group's demand for President Marcos' two economic managers to resign, wishing them a delightful weekend instead. Diokno, who was accompanying the president in Singapore, chose not to directly respond to the call for his and...
The Tariff Commission will commence hearings on the proposed reduction in rice tariffs on Friday, Sept. 15. In a notice of public hearing posted on its website, the commission is inviting all interested parties to register their participation before the end of business hours on Thursday, Sept. 14....
The Philippines and South Korea have signed a free-trade agreement (FTA) that will scrap tariffs on Korean-made cars, green cars and auto parts as well on fishery and agricultural products that the country will be importing. This came after Department of Trade and Industry (DTI) Secretary...
Businessmen are strongly urging the government to ensure that the ongoing comprehensive tariff review and reform by the Tariff Commission (TC) should result in reduced corruption in the agriculture sector and accessibility of products at cheaper prices to ensure food security in the country. ...
