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FILIPINO consumers already reeling from higher inflation could again be at the receiving end of the proposed increase in port storage fees, according to local economists. Former Tariff Commissioner George Manzano told BusinessMirror the increase in port storage fees could be inflationary, given the country’s dependence on imported goods. Manzano noted…
Mixed reactions arise as Francisco Tiu Laurel's appointment as Secretary of Agriculture is challenged by fishermen's group. Calls to renounce importation policies and prioritize local food producers are made, as imported fishery products negatively impact livelihoods. Assistance during natural calamities and production subsidies are also demanded. On the other hand, agricultural groups welcome Laurel's appointment and express support for his leadership. Find out more about the implications of this appointment. (10,000 characters)
Pork meat importers seek cut in tariff to 5%, but hog raisers say it won’t help consumers
MEAT importers are lobbying the economic managers to lower the tariff rate levied across all meat products, including offal, to just 5 percent, arguing that it would keep inflation in check amid global economic and food challenges. The biggest farm coalition called out the importers’ bloc, however, reminding them that…
THE Department of Agriculture (DA) backed the extension of lower tariff duties on certain imported commodities to ensure steady food supply and ease inflation, but acknowledged—as pointed out by a lawmaker and farm groups—that the lower tariffs thus far have worked only marginally in bringing down local prices. The DA…