What will be the impact of lifting limits on rice imports and the introduction of the Rice Tariffication Act on the agriculture sector?
Agriculture
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Interviews & Viewpoints | Henry Lim Bon Liong, Chairman and CEO, SL Agritech: Interview from The Report: Philippines 2019
Articles & Analysis | Restrictions on rice imports in the Philippines have been lifted under new legislation aimed at bridging the supply gap and reducing prices from The Report: Philippines 2019
In February 2019 President Rodrigo Duterte ratified the Rice Tariffication Law, which was passed by the legislature in November 2018. The new law, which went into effect on March 5, lifts quantitative restrictions on rice imports and eliminates the role of the National Food Authority (NFA) regarding imports, thus allowing licensed private...
Articles & Analysis | Development plans seek to boost Philippine agriculture and fishery exports from The Report: Philippines 2019
Driven by economic reform and robust domestic consumption, the Philippines now ranks among the fastest-growing economies in the world, after seven consecutive years of GDP growth above 6%. Despite this, however, the agriculture sector has struggled to reach its true potential. While the country is well positioned to tap into new export markets...
Articles & Analysis | Governments are tackling water scarcity through policy reform across the globe from The Report: Philippines 2019
Global food demand is expected to increase by anywhere between 59% to 98% by 2050. However, global freshwater resources are already overstretched due to climate change and soaring population growth, and it is unclear how agricultural production will keep up with these challenges. In recent years climate-induced water shortages in urban areas...
Chapter | Agriculture from The Report: Philippines 2019
While the country is well positioned to tap into new export markets, volatile weather conditions, land reform issues and a legacy of neglect continue to hinder agricultural output, preventing the Philippine agriculture sector from reaching its true potential. In addition to these constraints, the Philippines lags behind regional competitors in mechanisation adoption rates, crop research and...
The Philippines’ cooling inflation, improved ease of doing business and increased openness to foreign participation are set to encourage more foreign direct investment. A wealth of infrastructure investment under President Rodrigo Duterte’s flagship Build Build Build programme should ease congestion, reduce regional inequality and further boost the flourishing tourism industry.