The Bureau of Customs (BOC) has reported a decline in revenue collection due to reduced tariffs on rice and zero-import duties on electric vehicles (EVs).According to the BOC, these policy adjustments have resulted in a combined revenue loss of nearly P9 billion in the first nine months of 2024.The...
The Philippine Statistics Authority (PSA) reported that the government's decision to lower rice import tariffs is starting to affect consumer prices.In a briefing, National Statistician and PSA Undersecretary Claire Dennis S. Mapa said the tariff reduction significantly contributed to the slowdown...
The Department of Agriculture (DA) said the Cabinet may reevaluate the proposed reduction in import duties on rice following feedback from various stakeholders regarding its potential implications.In a statement, Agriculture Secretary Francisco Tiu Laurel Jr. said there remains an opportunity for...
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...
The government will distribute direct cash assistance of P5,000 to as many as 59,125 farmers in Nueva Ecija to be funded from the excess rice import tariff collection under the Rice Competitiveness Enhancement Fund (RCEF).
The Department of Agriculture (DA) formally launched this week RCEF's...
Three years since the implementation of the Rice Tariffication Law (RTL), the Philippine Center for Postharvest Development and Mechanization (PHilMech), the government agency tasked to mechanize the local rice sector, has only spent merely 6 percent of its total allocation under the Rice...
The Department of Finance (DOF) is "strongly objecting" to the appeals for President Duterte to recall his executive order (EO) that reduced the tariffs of imported rice, saying its benefits would outweigh the revenues that the government will lose.
(Mark Balmores/MANILA BULLETIN File Photo)
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Senator Cyntha Villar on Wednesday, June 9, took exception to claims of farmers' groups that she ignored the calls for action on President Duterte's Executive Order (EO) No. 135, which reduced the tariffs on imported rice.
Senator Cynthia Villar, chairperson of the Senate agriculture and food...
Senator Risa Hontiveros urged Malacañang on Wednesday, May 19, to take back the executive order (EO) that lowers tariffs on imported rice, saying this will burden Filipino rice farmers.
(Keith Bacongco/MANILA BULLETIN File Photo)
"I urge Malacañang to recall EO 135. Lowering imported...
Senator Cynthia Villar on Monday, April 26, praised the reported achievements of government agencies in implementing the Rice Tariffication Law (RTL), particularly the funds meant to aid local rice farmers amid the liberalized importation of the commodity.
(MANILA BULLETIN File Photo/Jansen...
The latest move of Vietnam – the Philippines' top source for cheaper, imported rice – to import rice too may push rice prices higher on the local front, sources said.
Department of Agriculture (DA) Undersecretary Ariel Cayanan said the unprecedented decision of Vietnam, one of the...
The Department of Finance (DOF) directed the tax authorities to assist the Department of Agriculture (DA) in investigating the alleged use of cooperatives by private traders as dummies for rice imports.
In a statement, Finance Secretary Carlos G. Dominguez III said he ordered the Bureau of...
