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. ...
The Philippines has requested Japan to consider enhanced market access for cavendish bananas in exchange for Japan’s interest for market access of its automotive products. Trade and Industry Secretary Alfredo E. Pascual and Minister Yasutoshi Nishimura of Japan’s Ministry of Economy, Trade, and...
The Department of Trade and Industry (DTI) expressed optimism for the revival of the garment industry as it prepares to mount massive public awareness campaign, particularly the businesses in the country on the economic benefits that can be gained from the implementation of the Regional...
The Bureau of Customs (BOC) incurred P3.4 billion in forgone revenues due to lower pork import tariffs, the Department of Finance (DOF) reported on Monday, Nov. 22. The tax collection losses stemmed from the government’s effort to boost the supply of pork and stabilize its retail prices in the...
The government intends to halt rice importation during the local harvest season to help protect farmers, according to a Palace official. (File photo/Keith Bacongco/Manila Bulletin) Presidential spokesman Harry Roque explained that rice importation will only be carried out after the domestic harvest...
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 rice...
Senator Francis "Kiko" Pangilinan on Friday, May 7, attributed to the vigilance of stakeholders the government's decision to revise its pork importation policy. Senator Francis Pangilinan (Senate of the Philippines/MANILA BULLETIN File Photo) “Tagumpay ito ng ating sama-sama at tulong-tulong na...
The temporary reduction in pork import tariffs will slash the government’s revenue haul this year, but the Department of Finance (DOF) said these losses are necessary to ease the burden on consumers already reeling from the economic impact of the pandemic. Finance Secretary Carlos G. Dominguez...
