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MANILA, Philippines – The Philippine Chamber of Commerce and Industry (PCCI) has urged the Marcos administration to lower tariffs on US imports and pursue a reciprocal trade agreement, aiming to mitigate the adverse economic effects of President…
MANILA, Philippines — Rice imports are nearing 600,000 metric tons, helping boost local consumption. According to the Bureau of Plant Industry, 579,055.81 metric tons had arrived as of March 6. The majority of shipments came from Vietnam…
MANILA, Philippines — The Philippines’ meat imports rose by nearly 50% in January as traders bought more pork, chicken, and beef due to ongoing animal disease outbreaks. According to the Bureau of Animal Industry (BAI), meat imports…
The Philippines is set to import more wheat in 2024-2025 due to rising demand for bread, cakes, noodles, and population growth. The USDA’s Foreign Agricultural Service expects wheat imports to reach 7.2 million metric tons from July…
The Philippines is expected to import more rice this year and next, keeping its position as the world’s top rice importer due to the impact of El Niño, La Niña, and recent typhoons on local production. According…
The Philippines is expected to import more chicken meat next year due to a supply shortage. According to the US Department of Agriculture, the country’s chicken meat imports are projected to increase by 2.1 percent to 480,000…
MANILA, Philippines — President Ferdinand Marcos Jr. instructed the Department of Agriculture to ease rules and remove nontariff barriers on importing farm products to increase local supply and lower prices of items like rice and pork. The President’s…
MANILA, PHILIPPINES — The Marcos administration doesn’t expect the peso to reach 58 per dollar this year anymore due to lower import forecasts. Now, the interagency Development Budget Coordination Committee (DBCC) predicts the peso will average between…
MANILA, Philippines — The deadline for public utility vehicle (PUV) consolidation has been extended and the government has already stressed that it will not be the one to decide on the brand of modern vehicles for the…
I’ve heard people passionately speak about imports as if they are the most evil scourge on our economy, hence must be tightly controlled if not stopped altogether. When economists like me argue for more liberalized trade to…
No doubt, agriculture now deserves top attention among the three economic sectors, over industry (mostly manufacturing) and services (with its mix of low- and high-value activities). The global food crisis that COVID-19 and Russia’s invasion of Ukraine…
The Bureau of Customs (BOC) collected P50.9 billion in import duties and other taxes in October, exceeding its downscaled revenue goal for the fifth straight month. While the BOC’s actual collection was 5.2-percent higher than the…
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