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From the Front Page: Rice imports ‘unimpeded’, FDIs surged, Inflation peaked?

By SparkUp Team Following a fresh nine-year high logged in September, top officials are conflicted over whether we’ve seen the peak for inflation this year. Both the central bank and President Duterte’s economic team believe we’ll be seeing prices of basic goods rise no higher than 6.7 percent. But some analysts hold that external factors […] The post From the Front Page: Rice imports ‘unimpeded’, FDIs surged, Inflation peaked? appeared first on BusinessWorld......»»

Category: financeSource: bworldonline bworldonlineOct 12th, 2018

From the Front Page: Rice imports ‘unimpeded’, FDIs surged, Inflation peaked?

By SparkUp Team Following a fresh nine-year high logged in September, top officials are conflicted over whether we’ve seen the peak for inflation this year. Both the central bank and President Duterte’s economic team believe we’ll be seeing prices of basic goods rise no higher than 6.7 percent. But some analysts hold that external factors […] The post From the Front Page: Rice imports ‘unimpeded’, FDIs surged, Inflation peaked? appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsOct 12th, 2018

Duterte approves ‘unimpeded’ rice imports to reduce inflation — Palace

AMID the soaring inflation in the country, President Rodrigo Duterte decided to “liberalize” the importation of rice to allow the “unimpeded” flow of staple in the market, Malacañang said on Tuesday. In a press conference, Palace spokesman Harry Roque Jr. said Duterte’s order removed restrictions in the importation of rice, which the government expects to [...] The post Duterte approves ‘unimpeded’ rice imports to reduce inflation — Palace appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsOct 9th, 2018

Inflation seen to peak September 2018

The growth in consumer prices may have already peaked this quarter as September is seen to begin a drier period more conducive to agricultural production and rice imports are set to arrive, said First Metro Investment Corp. (FMIC) in a report......»»

Category: financeSource:  philstarRelated NewsSep 27th, 2018

Front Page: LEDAC lists 13 bills as 'urgent'

THE CORE committee of the Legislative-Executive Development Advisory Council (LEDAC) has endorsed 13 bills -- including a tariff on rice imports to replace the quota system -- as legislative measures needing the certification by President Rodrigo R. Duterte as "urgent" such that they should be passed in the next five months......»»

Category: financeSource:  bworldonlineRelated NewsJul 16th, 2017

Front Page: Inflation heating up on rising oil

INFLATION likely peaked above 3% for the first time in over two years in February, the Bangko Sentral ng Pilipinas (BSP) said yesterday even as it described the spike as "temporary" following higher prices of fuel, electricity, and transportation fares......»»

Category: financeSource:  bworldonlineRelated NewsFeb 27th, 2017

Imports, harvest season halt soaring prices of rice

      Consumers are now starting to feel relief as prices of rice in the market began to decline with the arrival of rice imports and the beginning of the harvest season. Agriculture Secretary Emmanuel Piol said on his Facebook page that reports coming in from different regions across the country showed reduction in the prices of commercial rice by as much as P5 a kilogram --- the biggest decline since rice prices began to rise by the beginning of the year. The depletion of the government's rice inventory led for rice prices to shoot up to record levels, and were aggravated by the delayed distribution of the subsidized staple in the market. In Cabanat...Keep on reading: Imports, harvest season halt soaring prices of rice.....»»

Category: newsSource:  inquirerRelated NewsOct 18th, 2018

DTI: Rice to cost lower after unimpeded imports

DTI: Rice to cost lower after unimpeded imports.....»»

Category: newsSource:  cnnphilippinesRelated NewsOct 10th, 2018

Palace orders ‘unimpeded’ rice imports

PRESIDENT Rodrigo R. Duterte has ordered “unimpeded” importation of rice, adding to steps meant to ease inflation which has been hitting multiyear peaks, Malacañang’s spokesman said on Tuesday. The post Palace orders ‘unimpeded’ rice imports appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsOct 9th, 2018

Duterte approves unimpeded importation of rice to combat inflation

President Rodrigo Duterte has approved the “unimpeded” importation of rice — a Filipino main staple and pivotal political commodity in the Philippines — in a bid to douse inflation that is now the hottest in Asia......»»

Category: financeSource:  philstarRelated NewsOct 9th, 2018

From the Front Page: Inflation, ‘third telco’, PH manufacturing tops region

Your weekly recap of BusinessWorld news. The post From the Front Page: Inflation, ‘third telco’, PH manufacturing tops region appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsOct 6th, 2018

From the Front Page: Inflation, ‘third telco’, PH manufacturing tops region

Amid surging inflation, a weakening peso, and the growing trade gap, Restituto C. Cruz, assistant governor of the Bangko Sentral ng Pilipinas, says the nation is still well-positioned to sustain robust economic growth. According to the assistant governor, these issues are simply “growing pains” for the domestic economy and should potential risks materialize, “the Philippines… link: From the Front Page: Inflation, ‘third telco’, PH manufacturing tops region.....»»

Category: newsSource:  manilainformerRelated NewsOct 6th, 2018

Inflation hits fresh 9-year high in Sept

INFLATION surged anew in September to a fresh nine-year high as the strong typhoon which hit last month worsened supply issues for rice and other crops, spurring calls for further interest rate hikes from the central bank. The post Inflation hits fresh 9-year high in Sept appeared first on BusinessWorld......»»

Category: financeSource:  bworldonlineRelated NewsOct 5th, 2018

Food EO awaits Duterte’s approval

A proposed executive order (EO) removing “administrative and non-tariff barriers” on imports of select food items to address rising inflation is now awaiting President Rodrigo Duterte’s signature. The EO, which will apply to fish, rice, sugar, meat and vegetable imports and is expected to take effect this month, was submitted by the Economic Development Cluster [...] The post Food EO awaits Duterte’s approval appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimes_netRelated NewsSep 13th, 2018

No limits: Philippines gears up to scrap caps on rice...

By Enrico Dela Cruz MANILA, Aug 31 (Reuters) - The Philippines is gearing up to scrap more than two-decade-old caps on rice imports in the face of raging inflation and the possible threat of trade.....»»

Category: newsSource:  philippinetimesRelated NewsAug 31st, 2018

Imports to address inflation? Support farmers instead – Bam Aquino

MANILA, Philippines – Senate ways and means committee vice chairperson Paolo Benigno Aquino IV warned that rice tariffication and proposals to lower tariffs on meat and fish would hurt local farmers.  "We should be careful about tariffication, baka knee-jerk reaction na naman ito (this might ........»»

Category: newsSource:  rapplerRelated NewsAug 16th, 2018

NEDA chief backs 5% tariff for fish, meat

SOCIOECONOMIC Planning Secretary Ernesto Pernia supports lowering tariffs for fish and meat imports to 5 percent to help contain the country’s rising inflation. According to the National Economic and Development Authority (NEDA) director general, if these tariffs are lowered and the consolidated rice tariffication measure—House Bill 7735, or “An Act Replacing the Quantitative Import Restrictions [...] The post NEDA chief backs 5% tariff for fish, meat appeared first on The Manila Times Online......»»

Category: newsSource:  manilatimesRelated NewsAug 14th, 2018

EDITORIAL- Flood of imports

With inflation at a five-year high, it looks like the government has set its mind on flooding the market with imported rice......»»

Category: newsSource:  philstarRelated NewsAug 10th, 2018

Rice imports fail to tame inflation in July 2018

MANILA, Philippines – The government imported some 250,000 metric tons of rice from Thailand and Vietnam last June, yet ........»»

Category: newsSource:  rapplerRelated NewsAug 7th, 2018

July inflation seen at 5.6%

Inflation likely surged to 5.6% in July led by higher electricity rates and rice prices plus a new wave of excise taxes on cigarettes, a global bank said, meriting a stronger response from the central bank. Nomura economists said prices of widely-used goods likely hit another high last month, coming from a 5.2% print in […].....»»

Category: financeSource:  bworldonlineRelated NewsAug 2nd, 2018

Fighting inflation for the poor

The NFA has started the distribution of NFA rice to outlets in Quezon City, enabling consumers to buy more affordable milled rice. -- JAM STA. ROSA Inflation has surged to its highest rate in five.....»»

Category: newsSource:  philippinetimesRelated NewsJul 16th, 2018