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THE Bureau of Customs (BOC) collected nearly P19 billion in tariffs from rice imports in 2021, eclipsing the amount it collected in the previous year. Customs Commissioner Rey Leonardo B. Guerrero reported in a recent Department of Finance Executive Committee meeting that rice tariff collection last year reached P18.9 billion,…
THE government’s foregone revenues from reducing tariffs on pork imports reached P3.6 billion as of mid-December. According to the Bureau of Customs, this was the estimated foregone revenues from April 7 to December 10 since pork import tariffs were cut in a bid to quell inflation by boosting pork supply…
In reply to media queries seeking reaction to DA MC# 23 which expands coverage of Minimum Access Volume (MAV) Plus, the Philippine Association of Meat Processors Inc. (PAMPI) issued a statement.
Corn farmers recorded a staggering revenue loss of about P10 billion due low farm-gate prices, prompting the filing of a House Resolution seeking to junk the Department of Agriculture’s (DA) proposal to temporarily lower import tariff on the main staple. 38728 In a statement, a group of corn far
The Philippine Maize Federation (PhilMaize) said the country’s corn production has been slackening the last few years which makes importation a necessity.