Philippines Delays Corn Import Quota Expansion to Protect Local Farmers
The Philippine government is delaying the issuance of an executive order to expand the minimum access volume (MAV) for corn, citing concerns over the impact on domestic corn farmers. The administration is carefully weighing the need to control feed costs for the livestock and poultry industries against potential harm to local producers.
This article requires PRO
This article is outside the free access window or is a special report. PRO unlocks it and the full archive.
Related articles
- SC: Filing raps over budget hikes next step to exact accountability
The Supreme Court on Wednesday stated that criminal or administrative liabilities for illegal increases and transfers of funds by lawmakers in the 2024 and 2025 national budgets should be filed in the appropriate tribunals, paving the way for accountability in budget execution.
- BIR Files Tax Evasion Cases Against Two Firms for P45 Million
The Bureau of Internal Revenue (BIR) has filed criminal complaints against two companies and their officers for combined unpaid taxes amounting to P45.07 million for the taxable years 2017 and 2018. This action underscores the BIR's ongoing efforts to enhance tax compliance.
- GlobalSource Urges 50-bp BSP Rate Hike to Combat Inflation
New York-based GlobalSource Partners is advocating for a 50-basis-point interest rate hike by the Bangko Sentral ng Pilipinas (BSP), citing concerns over accelerating inflation and its potential impact on household spending and economic growth.
- Philippine Stocks Extend Gains Amid Peso's Record Low
Philippine financial markets showed mixed signals as local shares extended their winning streak due to bargain hunting, while the peso hit a fresh record low against the dollar ahead of the Bangko Sentral ng Pilipinas' policy meeting. Investors remain cautious.