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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

From the Front Page: Trade deficit, halted inflation, ease of business

Your weekly recap of BusinessWorld news......»»

Category: newsSource:  bworldonlineRelated News34 min. ago

‘Rice tariffication won’t solve Philippines’ inflation problem’

By Ian Nicolas Cigaral/philstar.com – Lifting the more than two-decade-old caps on rice imports would not solve the Philippines’ inflation problem, Deutsche Bank said, adding that the country’s “overheating” economy must lose steam to “stably” tame stubbornly high prices. Households reeling from soaring prices since the beginning of the year Read more ».....»»

Category: newsSource:  thepinoyRelated NewsDec 9th, 2018

From the Front Page: Two new TNCs, inflation slows

Even the holiday cheer failed to lift investor and consumer spirits this quarter, with confidence plummeting to multi-year lows as inflation continues to bite. Business optimism eroded in the current quarter to a nine-year low while households were at their most pessimistic in four years, the central bank found. Inflation, however, finally eased in November, clocking […].....»»

Category: financeSource:  bworldonlineRelated NewsDec 8th, 2018

Bicameral body OKs rice tariffs

  A bicameral conference committee has approved a bill that imposes a tariff on rice aimed at bringing down the price of the staple and at reining in inflation, which has risen to a nine-year high over the past two months.   Tariff is a tax on imports.   Another bicameral committee also approved on Thursday the coco levy fund bill and the measure that strengthens the Philippine Coconut Authority (PCA).   The removal of import caps is expected to reduce the retail price of rice by P4 to P7 per kilogram, economic managers earlier said.   Rice prices account for 10 percent of the country's inflation, which rose to 6.7 percent in Septem...Keep on reading: Bicameral body OKs rice tariffs.....»»

Category: newsSource:  inquirerRelated NewsNov 22nd, 2018

From the Front Page: Military takes over Customs, business leaders react

Amid expectations of a slower inflation rate moving towards the end of 2018, BSP Deputy Governor Diwa C. Guinigundo said another rate hike is still on the table, saying “we need to maintain our vigilance with a strong tightening bias.” The BSP estimates 2018 inflation to settle at 5.2% before easing to 4.3% next year.… link: From the Front Page: Military takes over Customs, business leaders react.....»»

Category: newsSource:  manilainformerRelated NewsNov 3rd, 2018

From the Front Page: BSP projects heightened inflation till year-end

The Associated Labor Unions-Trade Union Congress of the Philippines, the country’s biggest labor group, updated its petition for a daily minimum wage hike, raising the requested amount in the face of heightened prices. Employers warned against the move, saying the hike would hit MSMEs hard, aggravating inflation woes. The central bank echoed these sentiments, saying… link: From the Front Page: BSP projects heightened inflation till year-end.....»»

Category: newsSource:  manilainformerRelated NewsOct 27th, 2018

From the Front Page: BSP projects heightened inflation till year-end

Your weekly recap of BusinessWorld news......»»

Category: financeSource:  bworldonlineRelated NewsOct 26th, 2018

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