Tag: trade

Think tank lauds Duterte order allowing private sector rice imports

May 15, 2017

May 11, 2017 MANILA, Philippines – The Foundation for Economic Freedom (FEF) lauded yesterday President Duterte’s decision to allow the private sector to import rice and abolish the National Food Authority’s (NFA) legal monopoly on rice importation. “We believe that removing NFA’s rice importation monopoly is the right step to prevent more financial losses of […]

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Categories: FEF / FEF Press Release / News

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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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Categories: FEF / FEF Press Release / News

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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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Categories: FEF / FEF Press Release / News

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A trade war in the works

January 12, 2017

DEMAND AND SUPPLY by Boo Chanco (The Philippine Star) January 4, 2017   ANAHEIM, California – One of the biggest fears for this new year is a trade war in the works as the Trump administration takes office. Based on the strong campaign rhetoric of Donald Trump, one of his first acts from the White House will […]

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Categories: Boo Chanco / Opinion

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Nurturing a local steel industry

November 29, 2016

DEMAND AND SUPPLY by Boo Chanco (The Philippine Star) November 28, 2016   I have been a skeptic about the viability of a local steel industry beyond the production of rebars and galvanized iron roofing material. When then candidate Rodrigo Duterte said he wanted to put up a steel industry, I suspected it was just […]

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Categories: Boo Chanco / Opinion

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Support our steel industry

November 29, 2016

DEMAND AND SUPPLY by Boo Chanco (The Philippine Star) November 25, 2016   In principle I am for free trade. It makes no sense to protect local industries that have failed to be competitive for decades. Foreign competition encourages domestic industries to become more efficient and this benefits local consumers. We have to avoid rent […]

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Shopping mission to China

October 28, 2016

DEMAND AND SUPPLY by Boo Chanco (The Philippine Star) October 17, 2016   By this time, we can safely assume that the Duterte government has submitted its shopping list to Beijing and there is more or less agreement on what the President will bring home. Bananas and pineapples are in the bag and most likely, […]

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Think tank backs removal of rice import restrictions

September 16, 2016

September 11, 2016   Lower prices, hunger reduction MANILA, Philippines – Filipinos are seen benefitting from the planned lifting of the restrictions on the importation of rice through lower prices, reduction in hunger and lower inflation, Foundation for Economic Freedom (FEF) said. The think tank, which is focused on market-oriented reforms, well-defined and secure property […]

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