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More imports, tariff cuts to temper inflation – NEDA

The government’s decision to reduce tariffs and bring in more imported pork are expected to temper the continued rise in consumer prices......»»

Category: financeSource: philstar philstarJun 6th, 2021

NEDA: Higher pork imports, lower tariffs to suppress meat inflation spike

The National Economic and Development Authority (NEDA) reiterated the need for higher pork imports along with the lower tariffs for the same as it could quickly temper the spike in meat prices. Citing data from the Philippine Statistics Authority, the agency said that the 57.7 percent inflation in pork remained as the top contributor for […] The post NEDA: Higher pork imports, lower tariffs to suppress meat inflation spike appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsMay 6th, 2021

NEDA cuts PHL additional rice import for 2016 by 25%

By Leslie D. Venzon MANILA, Dec. 17 (PNA) — The government will reduce by roughly one-fourth its planned additional volume of rice imports for the first semester of 2016 meant........»»

Category: newsSource:  philippinestodaRelated NewsJul 3rd, 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

Economists urge more food imports to temper price spikes

MANILA, Philippines — More economists are urging greater importation in view of expensive food that jacked up the inflation rate to a two-year high of 4.2 percent year-on-year in January. “Our priority right now is to ensure that food supply is adequate so that households affected by COVID-19 and the quarantines will not be doubly […] The post Economists urge more food imports to temper price spikes appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsFeb 6th, 2021

TC: No more safeguard duties on vehicle imports

The Tariff Commission has thumbed down the imposition of safeguard duties on vehicle imports following its investigation into the case......»»

Category: financeSource:  philstarRelated News11 hr. 6 min. ago

Slower June inflation opens room for rate cuts

The slower than expected inflation in June should give the Bangko Sentral ng Pilipinas some room to adjust rates to support economic recovery......»»

Category: financeSource:  philstarRelated NewsJul 11th, 2021

Easing imports, exports temper foreign trade growth in May

Foreign trade posted a double-digit expansion in May, albeit slower than the previous month, as base effects continue to bloat export and import figures......»»

Category: financeSource:  philstarRelated NewsJul 9th, 2021

Easing transport costs temper inflation to 4.1% in June

A slower increase in transportation fares tempered inflation in June, a welcome reprieve to consumers still reeling from pandemic-induced economic shocks......»»

Category: financeSource:  philstarRelated NewsJul 6th, 2021

Dominguez asks Customs to monitor rice shipments to ensure lower prices

Finance Secretary Carlos Dominguez III on Monday asked the Bureau of Customs to keep a tighter watch on rice shipments to ensure the proper collection of taxes following the issuance of an executive order harmonizing the tariff rates on rice imports to a uniform 35 percent for a period of one year, whether these originate within or outside the Association of Southeast Asian Nations......»»

Category: financeSource:  thestandardRelated NewsJun 8th, 2021

Congress urged: Revoke order on rice tariffs

Agriculture groups are appealing to both houses of Congress to investigate and suspend Executive Order 135 signed by President Duterte on May 15 that lowered tariff rates for rice imports, both below and above the minimum access volume......»»

Category: newsSource:  philstarRelated NewsMay 18th, 2021

Palace defends lowering of tariffs for rice imports

Malacañang yesterday defended President Duterte’s decision to lower the tariff rates on imported rice, saying it is necessary to ensure enough supply of the commodity......»»

Category: newsSource:  philstarRelated NewsMay 17th, 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 clash with Duterte s economic team over pork

Senators want a compromise of higher pork imports with just the same tariff treatment. But the government is not balking......»»

Category: financeSource:  philstarRelated NewsApr 27th, 2021

Duterte stands by EO lowering pork tariffs

President Duterte stood by his decision to lower the tariff on pork imports, saying it is just a temporary measure to address rising prices......»»

Category: newsSource:  philstarRelated NewsApr 20th, 2021

Dominguez, economic cluster still bat for EO on pork imports

Facing a strong backlash from Congress against moves to import more pork at lower tariff rates, Finance Secretary Carlos Dominguez III urged lawmakers to support these measures as a temporary solution to address the scarcity and the resulting high prices for the commodity......»»

Category: newsSource:  thestandardRelated NewsApr 20th, 2021

Higher pork, chicken imports seen this year

The Philippines is expected to double the volume of pork imports from the global market this year amid a shortfall in supply due to the African swine fever, as well as the adjustments to the country’s tariff rate system......»»

Category: financeSource:  philstarRelated NewsApr 12th, 2021

Duterte approves lower tariff on pork imports

President Duterte has approved the proposal to slash tariff rates on pork imports to as low as five percent in response to the pork supply shortage that led to soaring prices......»»

Category: newsSource:  philstarRelated NewsApr 8th, 2021

Higher tariff on pork imports put on hold

The proposal of the Samahang Industriya ng Agrikultura to increase tariff on pork imports has been put on hold by the Tariff Commission until the petition of the Department of Agriculture has been resolved......»»

Category: financeSource:  philstarRelated NewsMar 25th, 2021

Public measures in place to temper inflation – Palace

The government is working to address the impact of rising prices of goods and ensure enough supply of affordable food, Malacañang said yesterday......»»

Category: newsSource:  philstarRelated NewsMar 8th, 2021

Tighten watch over pork imports, Customs told

Finance Secretary Carlos Dominguez III directed the Bureau of Customs to watch out for traders who may misclassify pork imports once the new minimum access volume allocations and tariff rates are approved......»»

Category: newsSource:  philstarRelated NewsFeb 22nd, 2021