MANILA, Philippines — Local farmers are claiming that there has been undervaluation of rice imports by more than P4 billion with the opening up of the market, contrary to what the government has reported. The Federation of Free Farmers (FFF) said importers may have reduced their tariff obligations by deliberately lowering the declared value of […]
Read MoreMANILA, Philippines — The national government’s spending on infrastructure slightly recovered in May, posting almost six percent year-on-year growth due to the implementation of foreign-assisted projects and military modernization program, according to the Department of Budget and Management. According to the DBM’s latest disbursement performance report, the government’s infrastructure and capital outlays climbed by 5.9 […]
Read MoreThe Customs Department aims to link the National Single Window (NSW) with three more countries this year, expanding the electronic exchange system of trade-related data. The additional three countries are Myanmar, Cambodia and the Philippines, said director-general Krisada Chinavicharana. Cambodia started a trial run for the NSW with Thailand at the beginning of July, he […]
Read MoreMANILA, Philippines — The government is gearing up for the implementation of the fuel marking program this quarter, a measure which is seen to generate at least P5 billion in additional revenues this 2019, the Department of Finance (DOF) said. In a text message to reporters, Finance Secretary Carlos Dominguez said fuel marking operations are […]
Read MoreMANILA, Philippines — British banking giant HSBC expects a faster economic growth for the Philippines next year as almost half of the flagship priority projects under the government’s Build Build Build program go on stream. Joseph Incalcaterra, chief economist at HSBC, said the Philippine economy may expand by 6.4 percent next year. “Our assumption for […]
Read MoreMANILA, Philippines — The price of rice remained on the downtrend, with consumers saving more but farmers earning less following a new rice regime in the country. Latest data from the Philippine Statistics Authority (PSA) showed consistent lower prices for more than three months now after the Philippines opened its rice industry to more private […]
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