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Duterte wants imported pork volume increased to 350,000 MT

President Rodrigo Duterte has proposed an increase in the volume of imported pork products to 350,000 metric tons from the present 54,210 MT, Malacañang said......»»

Category: newsSource: thestandard thestandardMar 28th, 2021

Rody yields to Senate call to adjust import cap on pork

President Rodrigo Duterte has adjusted the import ceiling on pork products this year to 250,000 metric tons (MT), lower than what his advisers had proposed, as a “compromise” with lawmakers. Duterte on Monday signed Executive Order No. 133 which increased the minimum access volume (MAV) or import ceiling on pork meat from the existing 54,210 […] The post Rody yields to Senate call to adjust import cap on pork appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsMay 11th, 2021

NEDA: Hike in pork imports won’t kill Philippine hog industry

The National Economic and Development Authority has given assurance that the decision of President Duterte to increase the volume of imported pork and decrease tariff rates will not kill the local hog industry, but instead ensure adequate and affordable food supply and prevent higher malnutrition and poverty......»»

Category: newsSource:  philstarRelated NewsApr 15th, 2021

First come, first served: Traders get nod to import 200K tons of pork

The inter-agency MAV Management Committee has approved the guidelines on the utilization of additional minimum access volume for imported pork meat to immediately boost domestic supply and to temper the inflationary effect of high prices of fresh pork......»»

Category: newsSource:  thestandardRelated NewsJun 29th, 2021

Duterte signs EOs on new pork, rice tariffs

To ensure food security and protect consumers, President Duterte approved yesterday the recommendations of the National Economic and Development Authority board to temporarily reduce the Most Favored Nation (MFN) tariff rates on imported rice and adjust the rates on imported pork products......»»

Category: newsSource:  philstarRelated NewsMay 15th, 2021

Revised pork tariff rates await Duterte’s signature

Following the compromise reached between the Senate and the government’s economic managers, the revised tariff rates and volume for pork imports are now awaiting President Duterte’s signature......»»

Category: newsSource:  philstarRelated NewsMay 6th, 2021

Senators, economic team reach compromise on MAV, but not on tariff

Senators and President Duterte’s economic team have reached a compromise on lowering the targeted volume of the country’s pork importations but could not as yet settle the issue on lowering the tariff rates cited in Executive Order 128, Senate President Vicente Sotto III said yesterday......»»

Category: newsSource:  philstarRelated NewsMay 2nd, 2021

Palace, lawmakers backchannel on pork tariffs

Malacañang and leaders of Congress are quietly working on a compromise over the much-criticized move of President Duterte to lower tariffs and raise the minimum access volume for pork, senators said yesterday......»»

Category: newsSource:  philstarRelated NewsApr 28th, 2021

‘Pork cartel stands to make up to P60 billion from MAV hike’

Only a cartel of pork importers would profit by as much as P60 billion from the Duterte administration’s move to lower pork prices by raising minimum access volume and lowering tariffs on importation, senators and experts warned yesterday......»»

Category: newsSource:  philstarRelated NewsApr 27th, 2021

Salceda urges PRRD to reconsider EO lowering taxes on imported pork

Albay Rep. Joey Salceda on Thursday urged President Rodrigo Duterte to reconsider his decision to reduce import duties on pork meat, saying that the government must instead help the domestic hog industry with tariff revenues. “The price differential between imported pork at around P190 after duties, and the domestic price of around P300-400 a kilo […] The post Salceda urges PRRD to reconsider EO lowering taxes on imported pork appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsApr 8th, 2021

Agriculture groups ask Duterte to stop MAV hike

Various agriculture associations have banded together to appeal to President Duterte to reject the Department of Agriculture‘s plan to increase the minimum access volume and reduce tariffs on pork, saying such measures will negatively impact the industry......»»

Category: financeSource:  philstarRelated NewsApr 7th, 2021

MAV increase not enough to stabilize prices – MITA

Meat importers said the recommendation of President Duterte to increase the minimum access volume of pork imports is not enough to stabilize market prices......»»

Category: financeSource:  philstarRelated NewsMar 28th, 2021

Duterte OKs move to hike MAV for pork

To stabilize the supply of pork in the country, President Duterte approved on Friday the recommendation to increase the minimum access volume for pork by 350,000 metric tons......»»

Category: newsSource:  philstarRelated NewsMar 28th, 2021

Bulatlat Market Watch | More market stalls open in Metro Manila

“We are in a very crucial time, and our pork producers are in such vulnerable state, if the DA and the Duterte regime rely too much on importation now to unreliably lower prices, millions of small hog raisers are bound to go bankrupt and close permanently. Only increased local production can sustainably lower pork prices." The post Bulatlat Market Watch | More market stalls open in Metro Manila appeared first on Bulatlat......»»

Category: newsSource:  bulatlatRelated NewsFeb 17th, 2021

Pacquiao seeks probe of Rice Tarrification Law, RCEF

Boxing icon and Sen. Manny Pacquiao has sought a Senate inquiry into the implementation of the Rice Tarrification Law, particularly the utilization of the Rice Competitiveness Enhancement Fund (RCEF). Senator Manny Pacquiao(EPA/JOSEPH VIDAL / PRIB / MANILA BULLETIN FILE PHOTO) In a resolution, Pacquiao said the purpose of Republic Act (RA) 11203, also known as the Rice Tariffication Law, is to ensure food security and to make the country’s agriculture sector viable, efficient, and globally competitive. President Duterte signed RA 11203 on Feb. 14, 2019. ‘’But after more than a year of its implementation, we have yet to fully account for the utilization of the RCEF,’’ Pacquiao stressed. Pacquiao said that before the implementation of RA 11203, the farm gate price of palay averaged P21.39 per kilo but when imported rice started flooding the market, it instantly dropped to P17.88 per kilo. Recent accounts from farmers disclosed that in Pampanga, Nueva Ecija, Sorsogon, Tarlac, and Laguna, the farm gate price is P7 up to P10 per kilo. Pacquiao said RA 11203 has provided the framework for the establishment of the RCEF which was set up to improve rice farmers’ competitiveness and income amid liberalization of the Philippine rice trade policy that lifted quantitative restrictions on rice imports and replaced it with tariffs, among others. The RCEF or the Rice Fund has a P10-billion annual appropriation for the next six years which will be drawn from taxes generated from rice import tariffs. The Department of Finance (DoF) and the Bureau of Customs (BoC) which are the lead agencies responsible for the collection of the import tariffs must account for the volume of rice imports since the lifting of the quantitative restriction on rice imports, the amount of tariffs collected, and the amount allocated to the RCEF, Pacquiao pointed out. The Department of Agriculture (DA) which is primarily tasked to manage the RCEF must provide a complete and detailed report on the disbursement and the utilization of the fund which was supposed to cushion the impact of rice import liberalization to the Filipino farmers, he added......»»

Category: newsSource:  mb.com.phRelated NewsOct 24th, 2020

Cash windfall for Olympians, Paralympians

On the day of the opening of the Summer Olympic Games, Malacañang Palace announced that President Rodrigo Duterte has approved an additional P100,000 allowance to all 19 Tokyo Olympians and 6 Paralympians “as token and to celebrate the achievement of the athletes qualified for the Olympics and Paralympics.”.....»»

Category: sportsSource:  thestandardRelated News15 hr. 54 min. ago

Financial consumer protection law pushed as complaints hit 12,000

The Bangko Sentral ng Pilipinas is pushing for the enactment of a law that aims to enhance consumer protection as the number of complaints continues to grow amid the complexity of financial products and services as well as the increased adoption of digitalization in the country......»»

Category: financeSource:  philstarRelated NewsJul 23rd, 2021

Duterte raises athletes’ allowance by P100K

President Duterte yesterday gifted each one of 19 Filipinos competing in the Tokyo Olympics an additional allowance of P100,000......»»

Category: sportsSource:  philstarRelated NewsJul 23rd, 2021

Olympians, paralympians given P100K boost

CEBU CITY, Philippines— Philippine President Rodrigo Duterte provided a much-needed morale booster for the Filipino Olympians and Paralympians that will be vying in the Tokyo Summer Olympics and Paralympics after adding P100,000 to their games allowance. Malacañang Palace announced that President Duterte has approved an additional P100,000 games allowance to all 19 Tokyo Olympians and […] The post Olympians, paralympians given P100K boost appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsJul 23rd, 2021

Duterte okays additional P100K incentive for Olympians in Tokyo

President Rodrigo Duterte on Friday gave the green light on handing out an additional P100,000 to each of the 19 Filipinos competing in the Tokyo Olympics......»»

Category: sportsSource:  philstarRelated NewsJul 23rd, 2021

Duterte adds P100K on Olympian’s games allowance

While the whole world prepares for the Tokyo Olympics opening ceremony, Malacañang Palace announced that President Rodrigo Duterte has approved an additional P100,000 games allowance to all 19 Tokyo Olympians “as a token and to celebrate the achievement” of the athletes qualified for the Olympics and Paralympics. Philippine Sports Commission (PSC) Chairman Butch Ramirez is […] The post Duterte adds P100K on Olympian’s games allowance appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsJul 23rd, 2021