Tag: rice
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Origis Energy Secures $71 Million in Tax Equity Financing from U.S. Bancorp for Rice Creek Solar Project in Florida
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Origis Energy announced the close of $71 million in tax equity financing with U.S. Bancorp Impact Finance, a subsidiary of U.S. Bank and one of the nation’s most active renewable […] The post Origis Energy Secures $71 Million in Tax Equity Financing from U.S. Bancorp for Rice Creek Solar Project…
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PHL likely to be ‘big winner’ once India eases rice export restrictions
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THE PHILIPPINES is seen to benefit the most from an expected decline in global rice prices once India relaxes restrictions on rice exports, Nomura Global Markets Research said. “We expect the Philippines to be the biggest winner in Asia, given the high share of rice in its consumer price index…
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Gov’t urged to prepare for expected surge in rice imports
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THE MARCOS ADMINISTRATION should ensure that the lower tariffs on imported rice will not result in a further decline in rice self-sufficiency, the Philippine Chamber of Agriculture and Food, Inc. (PCAFI) said. In a letter to President Ferdinand R. Marcos, Jr., PCAFI President Danilo V. Fausto aired the group’s “grave…
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NEDA open to adjusting rice tariffs before 2028
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THE GOVERNMENT is open to adjusting tariff rates on rice imports if global prices show a steady decline, National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan said on Monday.
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Balisacan defends decision to cut tariffs on imported rice
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NATIONAL ECONOMIC and Development Authority (NEDA) Secretary Arsenio M. Balisacan on Monday defended the government’s decision to slash tariffs on rice until 2028, saying this would reduce the impact of elevated global rice prices on Filipino consumers. “If you reduce the tariff… that will dampen the effects of world rice…
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Lower rice tariffs to bring down retail prices as early as July
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THE GOVERNMENT’S move to slash tariffs on imported rice could bring down average retail prices by P6-P7 per kilo as early as July, the Department of Agriculture (DA) said on Wednesday. “The potential price reduction will be between P6 and P7 per kilo… In a month’s time we can expect…
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Recto backs lower tariffs on rice
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FINANCE Secretary Ralph G. Recto said he is open to reducing tariffs on rice imports in order to help bring down prices of the food staple.
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NEDA backs push for rice imports by NFA
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THE NATIONAL Economic and Development Authority (NEDA) on Wednesday backed a proposal allowing the National Food Authority (NFA) to boost rice stocks through imports during emergencies amid spiraling prices.
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House OK’s rice tariffication law amendments on 2nd reading
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THE HOUSE of Representatives on Tuesday approved on second reading a bill that seeks to allow the National Food Authority (NFA) to sell rice at subsidized prices during emergencies including shortages.
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Two House committees approve amendments to Rice Tariffication Law
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TWO COMMITTEES at the House of Representatives on Tuesday approved the proposed amendments to the Rice Tariffication Law of 2019. The House committees on Agriculture and Food and Ways and Means on Tuesday in separate hearings okayed the amendments, with several measures on the amendments set to be consolidated into…