News & Views (May 2022)

• 27/05/22

  Rice import tariffs collection up 18.6 percent to P7.35-B from January 1 to May 13

  The Bureau of Customs (BOC) has collected a total of P7.35 billion in duties from rice imports from January 1 to May 13 of 2022, representing an increase of P1.15 billion or 18.6 percent from last year’s collections of P6.2 billion for the same period.

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• 26/05/22

  Palay farmers’ productivity up 15.6 percent in 2021 after rice tariffication

  The average yield of palay farmers during the dry season has increased from 3.65 tons per hectare (t/ha) to 4.22 t/ha as a result of the implementation of the Rice Tariffication Law (RTL) in 2019 to 2021.

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• 25/05/22

  Press Briefing, DOF Building

  
  May 25, 2022
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• 25/05/22

  Fiscal consolidation and resource mobilization plan necessary to reverse P3.2-T COVID-related debt and recover from economic crisis–DOF

  The Department of Finance (DOF) is ready to present to the incoming administration a fiscal consolidation and resource mobilization plan that the Department says is “critical” to helping the government continue its productive spending, grow out of its pandemic-induced debt, and provide substantial buffers to respond to lingering and future economic shocks.

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• 25/05/22

  FIRB grants tax perks to Converge, 3 more Telcos

  Upon the recommendation of the Board of Investments (BOI), the Fiscal Incentives Review Board (FIRB) has approved the tax incentives applications of four telecommunications companies (telcos), including Converge ICT Solutions, Inc. for its nationwide rollout of fiber optic network for high speed broadband services interconnecting the country from Luzon to Mindanao.

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