THE agriculture and meat industries set forth their arguments on tariffs for imported meat and edible offal, ending up in opposing camps on the level of protection needed by domestic growers. Nicanor M. Briones, Agricultural Sector Alliance of the Philippines party-list representative, said during a virtual public hearing of the Tariff Commission (TC) on Wednesday […]
Tag: tariff
Philippines cuts EV tariff to zero
Philippine President Ferdinand R. Marcos, Jr. has approved zero tariff on electric vehicles to encourage consumers to use “cleaner and greener” cars. The tariff removal will run for five years, according to a copy of Executive Order No. 12 dated Jan. 13 sent by the presidential palace. Electric vehicles will be slapped a 30% tariff […]
Farmers, fisherfolk oppose EO 171 extension
FIFTEEN farmers and fisherfolk organizations released a joint statement Wednesday, Nov. 30, 2022, expressing their opposition to the extension of Executive Order (EO) 171, saying the reduced import tariff did not benefit consumers. The group instead wants the Marcos administration to protect local agriculture, through various programs and interventions to ensure food security. EO 171 […]
European Chamber calls for EV tariff exemptions covering all countries of origin
THE European Chamber of Commerce of the Philippines (ECCP) urged the Philippines to eliminate tariffs on imports of all electric vehicles (EVs) regardless of country of origin. In a statement, the ECCP sought tariff exemptions “for EVs imported from all countries — not only those coming from select economies.” It is unclear whether the actual […]
MCWD sets public hearings on water rate hike in 8 LGUs
THE Metropolitan Cebu Water District (MCWD) will hold a series of public hearings on its proposed two-step tariff adjustment from Nov. 10 to 29, 2022. The first public hearing will be held at the multipurpose gymnasium in Barangay Apas, Cebu City, at 10 a.m., said Minerva Gerodias, MCWD information officer. MCWD will hold only one […]
MCWD to consult public on proposed 70% water rate hike
THE Metropolitan Cebu Water District (MCWD) will hold a series of consultative meetings with the officials of eight local government units under its franchise area to discuss its proposed water rate increase.MCWD covers the cities of Cebu, Lapu-Lapu, Mandaue and Talisay and the municipalities of Cordova, Consolacion, Liloan and Compostela.After the consultative meetings, MCWD will […]
Mike to BBM: Give Cebu City a dam
CEBU City Mayor Michael Rama will request President Ferdinand “Bongbong” Marcos Jr. to include the construction of a water impounding dam in the city as part of the National Government’s flagship projects.In a statement posted on the Facebook page of the Cebu City Public Information Office on Friday, July 15, 2022, Rama said he is […]
No basis for proposed adjustments to rice import tariffs, farmers say
THE justification for lowering of tariff rates on imported rice under Executive Order (EO) No. 135 has no basis and is “deceptive,” because there is no current shortage of imported rice, the Federation of Free Farmers (FFF) said. Raul Q. Montemayor, FFF National Manager, said in a statement Sunday that the EO amounts to a […]
Senator seeks import probe
A senator has sought an investigation of the importation of goods at lower tariffs. Senator Imee Marcos lauded the compromise on the tariff for pork imports but said all minimum access volume (MAV) or imports subject to lower tariff, should be probed. “The MAV issue doesn’t stop there because our agricultural industry continues to struggle,” […]
Stocks drop further on fresh inflation concerns
STOCKS continued to decline on Thursday as the possibility of an increased pork tariff rate caused renewed concerns over inflation, dampening market sentiment. The benchmark Philippine Stock Exchange index (PSEi) declined by 16.91 points or 0.26% to close at 6,282.78 on Thursday, while the broader all shares index lost 2.78 points or 0.07% to end […]
Agriculture chamber backs price ceiling on imported pork to deter profiteers
THE PHILIPPINE Chamber of Agriculture and Food, Inc. (PCAFI) said it supports the imposition of price ceilings on imported pork products, which will be allowed entry at lower tariffs, to ensure that the tariff savings are passed on to consumers. At a House hearing Monday, PCAFI President Danilo V. Fausto said Executive Order (EO) No. […]