Latest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
National Economic and Development Authority Secretary Arsenio Balisacan on Monday defended the planned reduction in tariff rates for rice, saying the decision was “not made lightly” and that the government will continue to support farmers moving forward.Balisacan said the government is aware of concerns raised by farmers, and understands apprehensions and emotions triggered by the decision to cut rice tariffs to 15% for both in-quote and out-quota rates until 2028.
Latest government data showed that inflation accelerated to 3.9% in May, the fastest reading in six months since November 2023’s 4.1%. Food inflation came in at 6.1%, while rice inflation clocked in at 23%.Price monitoring of the Department of Agriculture shows that rice prices in Metro Manila ranged from P45.00 to P65.00 per kilogram as of last Thursday, June 6, 2024.
Rice Imports Rice Tariffs Rice Tariffication Law Aresnio Balisacan Neda News
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Scared but staying put: Pag-asa Island residents play crucial role in PH-China rowLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
Mikael Daez visits Ilocos Norte with Megan Young: 'I have lots of memories here'Latest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
Metro Manila Subway eyes 'full operations' by 2029Latest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
Solenn Heussaff to Nico Bolzico on 8th wedding anniversary: 'You have given me the family of my dreams'Latest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
Peso slips to P58:$1 levelLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
Bren, Echo, Onic strike landmark deals with renowned esports orgsLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »