Use excess RCEF collections to help rice farmers—Marcos
President Ferdinand Marcos Jr. has ordered the Department of Agriculture to use the excess collections of the Rice Competitiveness Enhancement Fund (RCEF) to help rice farmers.
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How much did government spend subsidizing small rice retailers for the losses incurred because of the price caps?
Unemployment rate drops for second consecutive month to 4.5% in April 2023
The unemployment rate dropped for the second consecutive month to 4.5 percent in April 2023, marking sustained improvements in the labor market.
Diokno: Labor market holds strength in July 2023, supported by reforms to PH investment environment
The country’s unemployment rate in July 2023 decreased to 4.8 percent from the 5.2 percent recorded in the same period last year. The number of unemployed persons fell to 2.3 million in July, down by 329 thousand from July 2022, reflecting the continued improvement in the labor market.
DOF: Gov’t actively mitigating inflationary pressures to protect consumers, retailers, and farmers
The country’s headline inflation rate rose to 5.3 percent in August 2023 from the 4.7 percent recorded in the previous month. This brings the year-to-date inflation rate to 6.6 percent, higher than the Development Budget Coordination Committee (DBCC) assumption of 5.0 to 6.0 percent for full year 2023.
PH to benefit from US$1.6 billion in ODA support for sustainable agriculture
Finance Secretary Benjamin E. Diokno detailed the Marcos administration’s policies and projects supported by official development assistance (ODA) financing to transform the agriculture sector during the European Chamber of Commerce of the Philippines (ECCP)’s 6th Sustainable Agriculture Forum on September 7, 2023 at the Dusit Thani Manila.
Diokno: Gov’t redoubling efforts to mitigate effects of inflation
Finance Secretary Benjamin E. Diokno emphasized that the government is redoubling its efforts to mitigate the effects of inflation after the headline inflation rate for September 2023 reached 6.1 percent.
Despite price caps, rice inflation fastest in 14 years
MANILA, Philippines — Inflation for rice posted its fastest increase in 14 years, even as the government imposed caps on regular milled and well-milled rice last month, according to Philippine Statistics Authority (PSA) data.