Rice farmers are opposing the proposed reduced tariff on rice imports The Department of Finance (DOF) proposed to implement a reduced tariff on rice imports to address the rice “shortage” and the price hike that affects a lot of Filipinos. Currently, the country is implementing the 35 percent rice import tariff rates, both ASEAN and … Read more
Oxford Economics Says Philippine GDP Will Slow If Oil Prices Rise OXFORD ECONOMICS – The Philippines’ Gross Domestic Product (GDP) will slow if the oil prices increase said Oxford Economics. Data about Gross Domestic Product (GDP) of the Philippines is usually released every quarter and start of a new year. This information is important for … Read more
BSP Gov. Benjamin Diokno Reveals Q1 Inflation 2019 Q1 INFLATION – Bangko Sentral ng Pilipinas Governor Benjamin Diokno revealed the inflation rate for the first quarter of year 2019. One of the widely-talked about public concerns in 2018 was the increasing rate of the prices of basic goods and commodities in the Philippines. Last October, … Read more
Pres. Duterte Appoints Janet Abuel as Acting DBM Secretary JANET ABUEL ACTING DBM SECRETARY – Philippine President Rodrigo Roa Duterte appointed Janel Abuel as the acting secretary of the Department of Budget and Management (DBM). Previously, Pres. Duterte named Benjamin Diokno, former DBM Secretary, as the governor of Bangko Sentral ng Pilipinas (BSP). This prompted … Read more
Palace Supports Economic Managers’ Decision To Push Through Second Increase Of Fuel Tax FUEL TAX – The country’s economic managers decided to withdraw the suspension and proceed with the second round of fuel tax increase next month. The Senate previously strong-armed the economic managers’ decision to suspend the tax hike on fuel using the pending … Read more
Proposed P2 Oil Tax Hike Suspension Approved, Says Diokno P2 OIL TAX HIKE – Department of Budget and Management (DBM) Secretary Benjamin Diokno expressed that the proposed P2 oil tax hike suspension was approved. Undeniably, lots of people now are alarmed by the increasing prices of goods and basic commodities and services in the Philippines. … Read more
