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Philippines expects stable rice price in first half of 2024
MANILA, Feb. 8 (Xinhua) -- The rice supply in the Philippines is sufficient through the first half of this year, ensuring the stable price of the country's main food staple, an agriculture official said on Thursday. Philippine Agriculture Secretary Francisco Tiu Laurel said rice prices may stay elevated through September this year due to concerns over El Nino's impact on global rice supply and heightened demand.....»»
High rice prices to persist until September – DA
Despite sufficient rice stocks in the first half of the year, elevated rice prices may persist until September due to high international prices caused by the El Niño phenomenon, according to the Department of Agriculture......»»
Philippines struggles to lower rice price despite ample supply
MANILA, Feb. 16 (Xinhua) -- The Philippines continues to struggle to lower the price of rice despite an ample supply of the national staple, a Philippine agriculture official said Friday. Agriculture Undersecretary Roger Navarro said the Philippines has enough rice supply due to a bumper harvest last year and additional importation in January. "But it's difficult to reduce prices since the cost of the gra.....»»
Philippines struggles to lower rice price despite ample supply
MANILA, Feb. 16 (Xinhua) -- The Philippines continues to struggle to lower the price of rice despite an ample supply of the national staple, a Philippine agriculture official said Friday. Agriculture Undersecretary Roger Navarro said the Philippines has enough rice supply due to a bumper harvest last year and additional importation in January. "But it's difficult to reduce prices since the cost of the gra.....»»
New finance chief eyes carbon tax
Newly installed Finance Secretary Ralph Recto is pursuing the tax reform proposals of his predecessor, starting with the imposition of a carbon tax in a bid to generate additional revenues and address environmental concerns......»»
DTI rolls out the Rice on Wheels Program in coordination with Bulacan rice millers and traders
The Department of Trade and Industry (DTI), in coordination with Bulacan rice millers and traders, will officially roll out the “Rice on Wheels Program for Retailers” to ensure the availability of affordable regular and well-milled rice to the general public......»»
Thailand s rice exports up 44 pct in January
BANGKOK, Feb. 6 (Xinhua) -- Thailand's rice exports jumped 43.96 percent from a year earlier to 1.12 million tons in January, government spokesperson Chai Wacharonke said on Tuesday. The government has set a rice export target of 7.5 million tons this year as part of efforts to develop the quality of rice varieties and expand access to Thai rice in overseas markets, Chai said in a statement. Authorities a.....»»
Tax Notes: BIR clarifies tax treatment of interest on borrowings
Tax Notes: BIR clarifies tax treatment of interest on borrowings.....»»
Tax Notes: Online sellers subject to 1% expanded withholding tax
Tax Notes: Online sellers subject to 1% expanded withholding tax.....»»
‘Rice retail prices down by P2/kilo’
The retail prices of rice decreased by P2 per kilo as well-milled rice went down to P52 per kilo compared to the previous P54 per kilo, according to farmers’ group Samahang Industriya ng Agrikultura......»»
Moody’s outlook: Philippine banks remain on stable footing
Moody’s Investors Service has maintained a stable outlook for Philippine banks as interest rate cuts from the Bangko Sentral ng Pilipinas this year are seen to support economic recovery......»»
Prices
To most Filipinos, their No. 1 problem is prices – high prices. Of nearly everything. The rate of increase in prices is inflation. Most people don’t understand what inflation means. But they know when prices are high, or are exceedingly high......»»
Revenue loss due to PIFITA may hit P126 billion
The government may have to forgo P126 billion in revenues over the next five years from the remaining tax reform package that seeks to simplify the tax system......»»
Vietnam s Q1 rice export up 42 pct in value
HANOI, April 10 (Xinhua) -- Vietnam exported over 2.1 million tons of rice, up 42 percent year-on-year in value, in the first quarter of this year, VnExpress reported Wednesday, citing the Ministry of Agriculture and Rural Development. The country earned 1.4 billion U.S. dollars from exporting rice during the cited period, said the report. The Philippines was the biggest importer of Vietnamese rice, accou.....»»
Repeal of liberalization law urged to combat high rice inflation
A farmer group on Wednesday said that reversing the rice liberalization law would help address the low procurement of rice grains and high rice inflation......»»
Coming soon: Rice for diabetics
Filipino rice lovers may soon need not worry about their blood sugar level spiking when eating the staple as scientists at the International Rice Research Institute (IRRI) are advancing well with its ultra-low glycemic index (GI) rice......»»
The pests that are toxic politics and rice tariffication
Duterte back in 2019 promised us of cheaper rice with his Rice Tariffication Law. The Marcos-Duterte Uni-Team in 2022 promised to lower the price of rice to P20 per kilo. These promises clearly remained as promises......»»
Philippines, IRRI ink MOU to boost rice output
MANILA, Feb. 19 (Xinhua) -- The Philippines' Department of Agriculture (DA) on Monday said it has signed a memorandum of understanding (MOU) with the International Rice Research Institute (IRRI) to help boost rice production in the Philippines. The DA said the five-year MOU seeks to boost the country's rice industry through sustainable practices that enhance yield, reduce production costs, minimize post-harvest.....»»
Philippines, IRRI ink MOU to boost rice output
MANILA, Feb. 19 (Xinhua) -- The Philippines' Department of Agriculture (DA) on Monday said it has signed a memorandum of understanding (MOU) with the International Rice Research Institute (IRRI) to help boost rice production in the Philippines. The DA said the five-year MOU seeks to boost the country's rice industry through sustainable practices that enhance yield, reduce production costs, minimize post-harvest.....»»
P93B post-harvest facilities needed to stop rice, corn wastage
MANILA, Philippines – A total of P93 billion is required to establish adequate post-harvest facilities to prevent the wastage of corn and rice, according to Agriculture Secretary Francisco Tiu Laurel Jr. on Tuesday. Laurel said around 12.7 to 15 percent of rice production is lost due to the lack of post-harvest facilities. “Sa rice and.....»»