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Rice multiplies inflation weight 10-fold

The contribution of rice to inflation multiplied tenfold this year amid issues on supply and importation, underscoring the need to implement reforms in the government’s agricultural policies, according to the Department of Finance (DOF)......»»

Category: financeSource: philstar philstarOct 12th, 2018

Going…going…Galung-gone

Like rice, for many galunggong (round scad) is a staple. Fish after all is an important part of the basket of goods whose prices are tracked and regulated and when included in the aggregate prices of everything considered staples, when weight-averaged to determine the total cost of living, it becomes a critical indicator of inflation. […].....»»

Category: newsSource:  tribuneRelated NewsAug 30th, 2018

Monetary board member says BSP ready to pause tightening

THE BANGKO SENTRAL ng Pilipinas (BSP) may pause its tightening moves should month-on-month inflation show deceleration, a member of the policy-making Monetary Board said, noting that the impending removal of rice import quotas should help prod overall price increases back to target in 2019. The post Monetary board member says BSP ready to pause tightening appeared first on BusinessWorld......»»

Category: newsSource:  bworldonlineRelated NewsOct 16th, 2018

Retail rice prices still on the rise

Retail prices of rice continued to increase despite the slight reduction in wholesale prices in the last three weeks of September, thus leading to the further acceleration of the inflation rate. Ba.....»»

Category: newsSource:  philippinetimesRelated NewsOct 14th, 2018

Global think tank hikes inflation forecast for Philippines

Barcelona-based think tank FocusEconomics has raised its inflation forecasts for the Philippines for the next two years on the back of rising global oil prices as well as more expensive rice and agricultural commodities......»»

Category: financeSource:  philstarRelated NewsOct 13th, 2018

Stubbornly high inflation? Blame rice prices, says DOF

Basic food items such as rice, fish, meat and vegetables have been major drivers of inflation this year with the contribution of rice rising 10 times to 1 percentage point of the inflation rate, ac.....»»

Category: newsSource:  philippinetimesRelated NewsOct 12th, 2018

Gut issues plague gov’t: Rice problem topmost

Gut issues, topped by fast-rising inflation led by spikes in the price of rice and other foods, hit the people hard in September......»»

Category: newsSource:  philstarRelated NewsOct 12th, 2018

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

A fresh nine-year high leaves top officials conflicted over whether we’ve seen this year’s peak for inflation. President Duterte orders “unimpeded” rice imports to counter soaring prices on basic goods. And foreign direct investments more than double year-on-year in July. This and more in your weekly recap of BusinessWorld news, From the Front Page. By… link: From the Front Page: Rice imports ‘unimpeded’, FDIs surged, Inflation peaked?.....»»

Category: newsSource:  manilainformerRelated NewsOct 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

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

‘Free-for-all’ rice importation OK’d

President Duterte has approved recommendations to liberalize rice importation in a bid to address the soaring prices of commodities that led to inflation of 6.7 percent last month......»»

Category: newsSource:  philstarRelated NewsOct 9th, 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

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

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

Bela Padilla, Maris Racal bemoan high price of petroleum products

Further proving celebrities, just like ordinary citizens, are affected by the economic issues the country is facing, Bela Padilla and Maris Racal recently expressed their discontent over the current price of petroleum products. The third quarter of 2018 saw the prices of food, particularly, rice, fish, meat and vegetables, soar, pushing the inflation rate at its highest in over nine years at 6.4 percent. Even celebrities seemed to have felt the effect of rising prices when they made use of their respective social media platforms to call out the inflation and the unusually high price of chili, which was regarded as the "new status symbol." "Nagpa-gas ako, sumakit ang ulo ko (I r...Keep on reading: Bela Padilla, Maris Racal bemoan high price of petroleum products.....»»

Category: newsSource:  inquirerRelated NewsOct 1st, 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

Import more food to reduce inflation?

Just as the rice harvesting season begins, Super Typhoon Ompong is predicted to hit food-basket Cagayan Valley today......»»

Category: newsSource:  philstarRelated NewsSep 14th, 2018

NEDA wants anti-inflation measures to start this month

The executive order to control inflation submitted this week by the Cabinet’s Economic Development Cluster to President Duterte would focus on the removal of administrative and non-tariff barriers on the importation of key food items such as rice, fish, sugar, meat and vegetables, the National Economic and Development Authority said......»»

Category: financeSource:  philstarRelated NewsSep 14th, 2018

Anti-inflation EO to make more rice, fish and meat available to consumers

Anti-inflation EO to make more rice, fish and meat available to consumers Source link link: Anti-inflation EO to make more rice, fish and meat available to consumers.....»»

Category: newsSource:  manilainformerRelated NewsSep 14th, 2018

Anti-inflation EO to make more rice, fish and meat available to consumers

Anti-inflation EO to make more rice, fish and meat available to consumers.....»»

Category: newsSource:  thestandardRelated NewsSep 13th, 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