Close Menu
  • Business
  • Black Business
  • SMALL BUSINESS
  • BANK/FRAUD FINANCIAL CRIMES
  • Celebrities
  • CRYPTO
  • DEBT
  • Entrepreneur
  • ESTATE PLANNING
  • FRANCHISE
  • Gossip
  • GLOBAL ECONOMY
  • Music
  • MUTUAL FUNDS
  • Political
  • Pop Culture
  • PERSONAL FINANCE
  • Wall street
  • Privacy Policy
  • Business News Disclaimer
  • Contact Us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Terms and Condition
  • About Us
  • Videos
What's Hot

The US Resumes the Iran War, the Ebola Outbreak Surges in the DRC, Andy Burnham Becomes the UK’s PM

BIR, BoC upbeat on revenue targets

Black Mother Shoots, Kills Man Found Under Daughter’s Bed

Facebook X (Twitter) Instagram
Trending
  • The US Resumes the Iran War, the Ebola Outbreak Surges in the DRC, Andy Burnham Becomes the UK’s PM
  • BIR, BoC upbeat on revenue targets
  • Black Mother Shoots, Kills Man Found Under Daughter’s Bed
  • The Finest World Cup WAGs Serving ‘Sporty Chic’ Stadium Style
  • Andrew & Tate, & His Brother Arrested On Rape Charges
  • D’Lila And Jessie Combs Launch Fashion Brand 12TWINTY1
  • Harriet Tubman Museum Break-In Sparks National Call For Help
  • Texas Islamic Private Schools Allege Discrimination Delayed Participation in Voucher Program — ProPublica
Facebook X (Twitter) Instagram YouTube
THE MIRROR OF MEDIA
  • Home
  • Accounting
  • Banking
  • Business
  • Political
  • Crypto
  • Real Estate
  • Ecommerce
  • Entrepreneur
  • Investment
  • More
    • Music
    • Gossip
    • Pop Culture
    • Wall street
    • IPO’S
    • Mortgage/Loans
    • Venture Capitalists/Angel Investors
  • About Us
  • Videos
THE MIRROR OF MEDIA
You are at:Home»Business»Marcos suspends rice imports for 60 days starting September
Business

Marcos suspends rice imports for 60 days starting September

adminBy adminNo Comments2 Mins Read
Facebook Twitter Pinterest Telegram LinkedIn Tumblr Email Reddit
Share
Facebook Twitter LinkedIn Pinterest WhatsApp Email



By Chloe Mari A. Hufana, Reporter

Philippine President Ferdinand R. Marcos, Jr., on Wednesday announced a 60-day suspension of rice importation beginning on Sept. 1, 2025, in a bid to protect Filipino farmers.

In a statement sent to reporters, Presidential Communications Office Acting Secretary Dave M. Gomez said Mr. Marcos heeded the Department of Agriculture’s recommendation to “protect local farmers reeling from low palay prices during this current harvest season.”

The directive came after consulting with Cabinet members during his state visit to India.

However, Mr. Gomez noted the President said it is not yet time to hike tariffs on imported rice.

“We will still see if we need to resort to that. Right now, the decision is to suspend all rice importation for 60 days beginning Sept. 1,” he added.

The Philippines is the world’s biggest rice importer.

Data from the Bureau of Plant and Industry showed the country had brought in 2.44 million metric tons (MT) of rice as of end-July. The Southeast Asian nation last year imported 4.7 million MT and is expected to import even more this year.

In June, Agriculture Secretary Francisco P. Tiu-Laurel, Jr. told the House of Representatives he had recommended gradually restoring the rice import tariff to its original 35% rate from 15%, which was set under Executive Order No. 62 signed by President Ferdinand R. Marcos, Jr. in June 2024.

The 35% rate, valid until 2028, is subject to review every four months.

Mr. Tiu-Laurel had also advised timing tariff adjustments with harvests in Vietnam and Pakistan — major rice exporters to the Philippines — to mitigate market disruptions.

The debate comes as Philippine inflation slowed to 0.9% in July, the lowest since October 2019, according to data released on Tuesday by the Philippine Statistics Authority.

Food prices dropped, including a 15.9% year-on-year decrease in rice prices, helping ease overall price pressures



Source link

Share. Facebook Twitter Pinterest LinkedIn Reddit WhatsApp Telegram Email
Previous ArticleRussiagate Is a Loser Politically, GOP Should Let It Go
Next Article Why the Right Is So Giddy About Sydney Sweeney’s Blue Jeans Campaign
admin
  • Website
  • Facebook

The most informative business website online.

Related Posts

BIR, BoC upbeat on revenue targets

Borrowers Have 90 Days To Switch Student Loan Repayment Plans

UnionDigital Bank microloan program with SSS to roll out this year

Comments are closed.

Don't Miss
Political

The US Resumes the Iran War, the Ebola Outbreak Surges in the DRC, Andy Burnham Becomes the UK’s PM

Ad Policy Andy Burnham departs from the Trades Union Congress, after he was announced as…

BIR, BoC upbeat on revenue targets

Black Mother Shoots, Kills Man Found Under Daughter’s Bed

The Finest World Cup WAGs Serving ‘Sporty Chic’ Stadium Style

Andrew & Tate, & His Brother Arrested On Rape Charges

D’Lila And Jessie Combs Launch Fashion Brand 12TWINTY1

Harriet Tubman Museum Break-In Sparks National Call For Help

Texas Islamic Private Schools Allege Discrimination Delayed Participation in Voucher Program — ProPublica

Stefon Diggs’ Sexual Assault Accuser Slams Cardi B & Leaks DMs

Baddies We’re Watching Take Over Streamer University

K. Michelle Doubles Down On Shamea Morton Mother Comments

Borrowers Have 90 Days To Switch Student Loan Repayment Plans

YRF Reacts to Tanishk Bagchi’s Saiyaara Royalty Allegations

‘Magnificent’ $7.2 Million Stone Manor Boasts Beautiful 2-Story Library

A Guide To The 2026 World Cup Final

About Us
About Us

LewLewBiz delivers practical insights on entrepreneurship, finance, and business operations. Explore expert advice on payroll, landlord strategies, and industry news to empower your financial decisions and business growth.

We're accepting new partnerships right now.

Email Us: lewlewmedia@gmail.com
Contact: lewlewmedia@info.com

Facebook X (Twitter) Pinterest YouTube WhatsApp
Our Picks

The US Resumes the Iran War, the Ebola Outbreak Surges in the DRC, Andy Burnham Becomes the UK’s PM

BIR, BoC upbeat on revenue targets

Black Mother Shoots, Kills Man Found Under Daughter’s Bed

Most Popular

Jesse Jackson Reshaped the Democratic Party

‘Nemesis’ Will Return For Second Season On Netflix

Teyana Taylor Responds To Critics Of ‘One Battle’ Character

© 2026 lewlewmedia since 2016
  • Business
  • Black Business
  • SMALL BUSINESS
  • BANK/FRAUD FINANCIAL CRIMES
  • Celebrities
  • CRYPTO
  • DEBT
  • Entrepreneur
  • ESTATE PLANNING
  • FRANCHISE
  • Gossip
  • GLOBAL ECONOMY
  • Music
  • MUTUAL FUNDS
  • Political
  • Pop Culture
  • PERSONAL FINANCE
  • Wall street
  • Privacy Policy
  • Business News Disclaimer
  • Contact Us
  • Cookie Privacy Policy
  • Disclaimer
  • DMCA
  • Terms and Condition
  • About Us
  • Videos

Type above and press Enter to search. Press Esc to cancel.