March 9, 2021 | 7:34 pm Font Size
REUTERS
A FUND supported by import tariffs has been proposed to improve the competitiveness of the hog industry, Senator Cynthia A. Villar said.
Ms. Villar, who chairs the chamber’s committee on agriculture and food, said during a hearing that such a fund is modeled on the Rice Competitiveness Enhancement Fund (RCEF), which gets P10 billion a year from tariffs charged on liberalized rice imports. RCEF funds initiatives like farm mechanization, seed distribution, the spread of planting know-how, and crop insurance.
“I will do something like the RCEF (which) we can… allocate to uses which the hog sector thinks are important,” Ms. Villar said.
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High jobless rate reflects low public confidence in pandemic efforts – FINEX president
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Metro Manila (CNN Philippines, March 9) Despite attempts to expand economic activities, the number of jobless Filipinos will remain high if the public does not trust the government s ability to contain the COVID-19 pandemic, the head of a business group said on Tuesday.
Financial Executives Institute of the Philippines President Francis Lim said low public confidence in authorities anti-coronavirus efforts translates to grim employment figures. Because even if you open the restaurants, the malls, the public transport, if the public does not have confidence in our ability to contain COVID-19, they won t go out, he told CNN Philippines News Night.