Philippines

Credibility in government

When a grand promise like winning the war against poverty is made with much bombast and bolstered by the infusion of billions in taxpayers’ money but remains unfulfilled at the end of the said official’s term, government gets a bad rap as well. And that is where distrust in government stems from in part: …

by · Tuesday, 16 January 2018 · Philippines

Solon, union warn consumers of price shock from new tax law

ALU-TUCP spokesperson Alan Tanjusay said TRAIN, instead of providing relief, would run over informal sector workers and cause other forms of poverty. “Getting no direct benefits from the tax reform package, these underground economy workers will fall f…

by · Monday, 18 December 2017 · Philippines

Readers on relaunching Phl Inc. and savings

“The Philippines has been registering positive GDP growth for 77 consecutive quarters or nearly 20 years, yet poverty persists and income inequality continues to widen. Why? Because the Philippine economy is a ‘leaky bucket.’ “1. Trade deficit — The Philippines has been running a chronic and …

by · Monday, 18 December 2017 · Philippines

Rice prices to drop with QR removal

Reducing rice prices is crucial to poverty reduction because the staple is a major driver of inflation, Beltran continued. The QR allows the country to limit the volume of rice imports, with higher tariffs imposed on shipments exceeding the quota. The …

by · Monday, 18 December 2017 · Philippines

QR lifting to slash rice-retail price by ₧7, DOF exec says

According to Beltran, also the DOF’s chief economist, pulling down rice prices is crucial to poverty reduction because it is a major driver of inflation. The QR allows the country to limit the volume of rice imports entering the Philippines with a tariff of 35 percent. Importing outside the volume restrictions will …

by · Monday, 18 December 2017 · Philippines

Removing quantity restrictions on rice imports could slash price by P7, DOF says

MANILA, Philippines — Removing quantitative restrictions on rice imports in favor of tariffs could slash the prices of the country’s staple food by as much as P7 and lift hundreds of thousands of Filipinos from poverty, according to the Department of Finance. Finance Undersecretary Gil Beltran said in an …

by · Monday, 18 December 2017 · Philippines

Removing rice QR to cut retail price – DOF

Lifting of the quantitative restrictions (QR) on rice imports in favor of tariffs will bring several benefits to the economy, among them, slashing the retail price of the staple food by P7 per kilo and helping free some 730,000 Filipinos from poverty, …

by · Monday, 18 December 2017 · Philippines

Legarda welcomes offer to head DSWD

The government must sustain its support and facilitate the environment where our poor—those who have been victims of poverty from decades long of poor governance and lack of government interventions—could prosper. We should treat the poor as we would a…

by · Monday, 18 December 2017 · Philippines

DOF: Replacing rice import quota with 35% tariff to slash prices by P7 per kilo

Cash transfers would slash poverty incidence by as much as 3 percent, Beltran said. “Instead of subsidizing imports, the national government could reallocate its funds to invest in public goods and services that directly benefit the farmers. These incl…

by · Monday, 18 December 2017 · Philippines

RUN OVER BY ‘TRAIN’ | Labor alliance prods govt to provide social protection for informal sector …

They have no Social Security System (SSS), Philhealth, and Pag-ibig, unlike the waged employees. “The TRAIN has no policy or program for them. We urge government to improve its social safety net protection to underground economy workers to save them fu…

by · Monday, 18 December 2017 · Philippines