Foreign direct investments (FDI) posted net inflows of $611 million in March this year, according …
Read More »Rice traders benefiting the most from reduced tariff
By Rose de la Cruz The reduced import tariff on rice — which government hoped would redound to lower retail prices — was only benefitting rice traders. Raul Montemayor, national manager of the Federation of Free Farmers, claimed importers are cornering much of the value from the lowering of tariffs with prices not falling as much as they should. “Right …
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