THE Bureau of Fisheries and Aquatic Resources (BFAR) said the Philippines must comply with a World Trade Organization (WTO) ban on fishing subsidies, which is designed to deter illegal fishing, even amid pressure from fishing organizations to provide government support for fisherfolk. Demosthenes R. Escoto, BFAR officer-in-charge, said that the WTO agreement against subsidies […]
Tag: subsidies
GOCC subsidies rise 398.78% in July
SUBSIDIES provided to government-owned and -controlled corporations (GOCCs) rose 398.78% year on year to P30.321 billion in July, the Bureau of the Treasury (BTr) reported. Budgetary support to GOCCs also rose 145.95% compared to the June total. Subsidies amounted to P75.01 billion in the first seven months, according to preliminary data from the BTr. Subsidies […]
Why we resist the suspension of fuel taxes and the reversal of other hard reforms
The latest Pulse Asia Survey poll on the public’s most pressing concerns reveals that inflation is the most urgent issue among Filipinos (57%), followed by other economic issues such as workers’ incomes (46%), poverty (33%), and jobs (29%)1. The data show how highly concerned most of us are about the uncertainties of post-COVID recovery and […]
Measures to avert transport strike mulled, as fuel hoarders warned
AS OIL prices stay elevated in the world and local markets, Cebu City officials are scrambling to alleviate the plight of jeepney drivers as they also seek to avert a planned transport strike.This, as the business sector also sounds the alarm on a possible power shortage in the summer if prices continue to stay high.Cebu […]
More fertilizer subsidies seen needed to shield farmers from high global prices
INCREASED FERTILIZER subsidies are required if farmers are to deal with higher global prices for the farm input, Agriculture experts said, after a key Senator called for immediate government intervention to prevent farmers from going further into debt for the next planting season. “Current fertilizer prices are burying local farmers deeper in debt even before […]
GOCC subsidies climb in August
SUBSIDIES extended to government-owned firms rose 747% year on year to P42.35 billion in August, led by the increased budgetary support provided to the Philippine Health Insurance Corp. (PhilHealth), the Bureau of the Treasury (BTr) reported. The BTr said government-owned and -controlled corporations (GOCCs) subsidies were also much higher compared with the P6.08 billion recorded […]