Trade deficit widens in October as infra push drives imports ABS-CBN NewsUpdated as of Dec 11 12:56 PM Imports grew 21.4 percent in October to $10.32 billion compared to the same month last year, data from the Philippine Statistics Authority showed. Read more »
Trade deficit widens in September as exports decline ABS-CBN NewsPosted at Nov 07 05:01 PM The country's trade deficit widened in September as exports declined while imports surged, the Philippine Statistics Authority (PSA) said on Wednesday. Read more »
OPINION: Beyond Rice Tariffication Omi RoyandoyanUpdated as of Oct 16 09:26 PM Rice tarrification without the necessary support to make rice farmers competitive is detrimental to our domestic rice industry, the country’s food security. Read more »
PH posts $1.27-B balance of payments surplus in August: BSP ABS-CBN NewsUpdated as of Sep 19 07:46 PM The Philippines posted a balance of payments (BOP) surplus of $1.27 billion in August 2018, the Bangko Sentral ng Pilipinas said Wednesday. Read more »
Australia's strawberry needle scare spurs proposal for 15-year jail term Colin Packham, ReutersUpdated as of Sep 19 02:10 PM SYDNEY - Australia plans to increase the maximum jail term to 15 years for anyone convicted of contaminating foodstuffs, Prime Minister Scott Morrison said on Wednesday, as a scare over needles found in strawberries and other fruits gripped the country. Read more »
Economic managers urge Legarda to back rice tariffication Sherrie Ann Torres, ABS-CBN NewsPosted at Sep 14 09:36 PM Diokno said inflation concerns were discussed during the meeting. Read more »
Duterte order 'strong first step' to fight inflation: Arroyo adviser ABS-CBN NewsUpdated as of Sep 13 09:47 AM A proposed executive order by Malacañang will not only tame the rising inflation but will also help address problems on the supply of rice, a lawmaker said Thursday. Read more »
Dissecting Data: What's behind the Philippines' widening trade deficit? ABS-CBN NewsUpdated as of Sep 12 05:22 AM The country’s trade deficit widened to $3.55 billion in July as imports continued to outpace exports, government data released Tuesday showed. Read more »
Rice prices to stabilize in November: Piñol ABS-CBN NewsPosted at Sep 10 12:11 PM Prices of the staple grain will go down, but not below P40 per kilo, Piñol said during a Senate hearing on the Department of Agriculture's 2019 budget. Read more »
Philippines set to purchase extra 132,000 tons of rice ReutersPosted at Aug 29 05:35 PM The Philippines will import an additional 132,000 tonnes of rice to boost stocks in southern provinces, where prices have surged in recent weeks amid limited supply, its agriculture minister said on Wednesday. Read more »
Galunggong importation 'insulting', says expert ABS-CBN NewsPosted at Aug 29 10:53 AM The government's plan to import galunggong or round scad is "insulting" given that the country has vast aquatic resources, a science advocate said Wednesday. Read more »
May formalin sa galunggong? Agriculture chief, bumuwelta ABS-CBN NewsPosted at Aug 28 10:33 PM Bumuwelta si Agriculture Secretary Emmanuel "Manny" Piñol matapos lumutang ang isyung may halong formalin ang mga inangkat na galunggong. Read more »
'Galunggongs don't have nationality': Agriculture chief defends fish imports ABS-CBN NewsPosted at Aug 28 10:32 AM In 2017 alone, the country imported 130,000 metric tons of fish and "nobody complained." Piñol told ANC's Headstart. This year, another 3 billion fingerlings will be bought from Indonesia, he said. Read more »
Weevils infest over 100K sacks of rice Kori Quintos, ABS-CBN NewsPosted at Aug 22 08:13 PM Authorities check a ship containing 133,000 sacks of rice infested with rice weevils or "bukbok" at the Subic Bay Freeport Zone on Wednesday. Read more »
‘No to galunggong imports' Mark Demayo, ABS-CBN NewsPosted at Aug 22 07:41 PM Members of Pamalakaya, Amihan, and Anakpawis picket in front of the Bureau of Fisheries and Aquatic Resources in Quezon City on Wednesday. Read more »
House OKs revised rice tariffication bill on 2nd reading ABS-CBN NewsPosted at Aug 12 09:29 PM The House of Representatives has approved on second reading the Revised Agricultural Tariffication Act, a bill seeking to remove quantitative restrictions on rice imports. Read more »
Trade deficit at $3.35 billion in June ABS-CBN NewsUpdated as of Aug 08 05:40 PM The June trade deficit was lower than the $3.7 billion deficit in May but was higher than $1.59 billion during the same month in 2017, the Philippine Statistics Authority said. Read more »
Zero tariff on fish, meat to tame inflation: solon ABS-CBN NewsUpdated as of Aug 07 09:41 PM The government should not think about losses it might incur if it brings tariffs on these products to zero because it will bring relief to consumers, said Bohol Rep. Arthur Yap. Read more »
Dissecting Data: Rice as inflation driver ABS-CBN NewsUpdated as of Aug 07 06:41 PM MANILA -- President Rodrigo Duterte, in his State of the Nation Address, called on Congress to pass a law imposing tariffs on rice as part of measures to bring down prices of the staple grain. Read more »
NEDA renews call for rice tariff, land use bills ABS-CBN NewsPosted at Jul 24 04:16 PM Socioeconomic Planning Sec. Ernesto Pernia said prices of rice "will likely go down" once the tariffs are implemented. Read more »