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FEF Press Release

Rice prices to rise if imports stopped: ex-economic managers

April 17, 2017

April 12, 2017 MANILA – Rice prices could go up if government bans imports of the staple grain, a trade advocacy group composed of former economic managers said. The Foundation for Economic Freedom also urged President Rodrigo Duterte to liberalize the rice trade by removing the “monopoly” of the National Food Authority on imports. The […]

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Rice shortage, price hike loom – FEF

April 17, 2017

April 13, 2017 Due To Rice Import Suspension MANILA, Philippines – The Foundation for Economic Freedom (FEF) is warning of “significant shortages” and “increased rice prices” in the country following President Duterte’s recent order to suspend rice importation. In a statement issued yesterday, the FEF called on President Duterte to reverse his decision to stop […]

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Stopping rice importation ‘dangerous,’ says public advocacy group

April 17, 2017

April 12, 2017 MANILA – A public advocacy organization is calling on the Duterte administration to rethink its rice importation policy, describing it as “dangerous.” In a statement, the Foundation for Economic Freedom said stopping all rice importation may lead to shortages and increased rice prices. “We believe that neither policy allowing the National Food […]

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Ditch rice policy, gov’t urged

April 17, 2017

April 13, 2017 The government’s policy on rice continues to be stuck on self-sufficiency and a conflicted practice on importation despite recommendations from local economic experts from the government, private sector and the academe as well as international bodies to ditch what is described as “not practical.” “Rice self-sufficiency is neither a desirable nor a practical […]

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Bam Aquino defends free tuition

February 10, 2017

February 10, 2017 Sen. Bam Aquino, proponent of the higher education bill that seeks to mandate tuition-free college education in state universities and colleges (SUCs), said majority of Filipino students who were not necessarily from the “poorest of the poor” still faced financial difficulties in paying for a higher education. Issuing a point-by-point rebuttal to […]

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Economic think tank says free tuition is ‘anti-poor’

February 10, 2017

February 6, 2017 MANILA – Economic think tank Foundation for Economic Freedom (FEF) on Monday criticized the proposed bill to allot P8.3 billion to the Commission on Higher Education to provide for free tuition in state universities and colleges (SUCs). According to FEF, while the measure was well-intended, the proposal to increase funding for free […]

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Economists: Tuition-free SUC education ‘anti-poor’

February 10, 2017

February 7, 2017   A group of prominent economists and socio-political thinkers vehemently opposed proposals to mandate state universities and colleges (SUCs) to offer tuition-free education, arguing that while “well-intended,” such a policy would be “anti-poor.” In a press statement issued on Tuesday, advocacy group Foundation for Economic Freedom (FEF) instead pushed for the implementation of […]

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Stronger law vs laundering urged

March 29, 2016

March 28, 2016 The Senate Blue Ribbon committee, the Bangko Sentral ng Pilipinas (BSP), and the AMLC are conducting separate investigations on the alleged money laundering cases involving Rizal Commercial Banking Corp. (RCBC), Jupiter – Makati branch manager Maia Santos-Deguito (in photo), businessman Kim Wong, among others. AP/Bullit Marquez, file   MANILA, Philippines – Public advisory […]

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Economists want bank secrecy laws relaxed

March 28, 2016

March 28, 2016   A GROUP of prominent economists and sociopolitical thinkers has called for the implementation of a biometric-based national identification system, the easing of stringent bank secrecy laws and the strengthening of the anti-money laundering law to prevent more inflows of dirty money into the Philippine financial system. The Foundation for Economic Freedom […]

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Advocacy group supports relaxation of Bank Secrecy Law provisions

March 28, 2016

March 26, 2016   An advocacy group made up for former Cabinet members and business leaders is espousing the easing of some provisions of the Bank Secrecy Law In a statement, the Foundation for Economic Freedom (FEF) said it is advocating the relaxation of certain provisions of the Bank Secrecy Law that impede investigation by […]

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