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Despite calls for the abolition of the National Food Authority (NFA) in light of surging rice prices, House Appropriations Committee Chair Rep. Karlo “Ang Probinsyano” Nograles on Monday said the grains agency should be retained even if a rice tariffication measure is passed, as the NFA is necessary to ensure the continued sale of affordable […]
Senator Win Gatchalian urged the Senate to pass the rice tariffication bill, saying it is a strong counter-inflationary measure that will bring “immediate relief to Filipino consumers by saving them thousands of pesos per year on rice.” In his co-sponsorship speech for Senate Bill No. 1998, Gatchalian, who chairs the Senate Committee on Economic Affairs, […]
As inflation for the month of August hit a nine-year high of 6.4 percent, Senate Trade and Commerce Committee Chairperson Koko Pimentel III on Thursday said the rice tarrification bill pending in the Senate was a “long-term solution” to the rice supply problems that have contributed to rising inflation rates. On Wednesday, BSP Governor Nestor […]
House Agriculture Committee chair and ANAC-IP Rep. Jose Panganiban, Jr. on Wednesday reiterated his call for the Senate to pass their version of the rice tariffication bill, following the passage of the measure by the House of Representatives (HOR). The bill, which will replace quantitative restrictions on rice imports with the imposition of tariffs or […]