‘Rice tariffication won’t solve Philippines’ inflation problem’

Photo via The STAR/Michael Varcas

By Ian Nicolas Cigaral/philstar.com – Lifting the more than two-decade-old caps on rice imports would not solve the Philippines’ inflation problem, Deutsche Bank said, adding that the country’s “overheating” economy must lose steam to “stably” tame stubbornly high prices.

Households reeling from soaring prices since the beginning of the year finally got their much-awaited reprieve in November, which saw a four-month low inflation rate of 6 percent on the back of slower price increments for food and tumbling oil prices.

The Bangko Sentral ng Pilipinas and the country’s economic managers have repeatedly stressed the importance of replacing rice import limits with a system of tariffs to bring inflation back inside the government’s 2-4 percent target band.

In a report sent to reporters on Friday, Deutsche Bank, however, said liberalizing rice imports “will help, but will not solve the Philippines’ inflation problem.”

FULL STORY

Find more like this: Business

  • ‘The first Pixnoys’: Filipinos will finally see themselves in Pixar short film
  • Palace on passport mess: Do not pass requirements burden to applicants
  • No pneumonia outbreak in the Philippines —DOH
  • What is behind the sharp fall in number of Filipino workers in the Middle East?
  • Russian vessels visit Philippines as 2019 begins
  • Page 1 | 2 | 3 | 4 | 5 | 6 | 7

    Entertainment

  • ‘The first Pixnoys’: Filipinos will finally see themselves in Pixar short film
  • Filipino wins UAE’s largest singing reality show ‘The One’
  • Lea Salonga releases album of traditional Pinoy folk songs
  • Lea Salonga gets first Grammy nod with Broadway musical album
  • 7 New Pinoy Movies To Stream Right Now
  • MORE...

    Features

  • Showcase of PH culture, heritage
  • US and Philippines: Friends, Partners, and Allies
  • A Transgender Paradox, and Platform, in the Philippines
  • The Box That Brings Christmas to the Philippines
  • ‘Pinoy Aquaman’ swims 23 kilometers for peace in Mindanao
  • MORE...

    Tourism

  • Philippines island Boracay reopens for test run following huge cleanup
  • Philippines closes ‘cesspool’ tourist island of Boracay
  • Boracay Set to Ban Tourists for Six Months During Island ‘Rehabilitation’
  • Boracay: the good, bad and ugly sides to Philippine island for tourists
  • El Nido to impose daily visitor limits in 3 iconic tourist sites
  • MORE...

    Sports

  • Pinoy gymnast Carlo Yulo earns historic qualification in worlds
  • Finding a way to bring the NBA to the Philippines
  • First Filipino table tennis Olympian Ian “Yanyan” Lariba dies at 23
  • Skateboarder Margielyn Didal wins 4th gold for Philippines
  • Asian Games gold medalist Hidilyn Diaz receives Air Force promotion
  • MORE...

    OFW News

  • DOLE suspends OFW deployment to Kuwait
  • Some OFWs turn to vlogging to beat loneliness, share life abroad
  • Overseas Filipino Bank to serve immigrants, workers
  • The ‘bagong bayani’ of the Philippines
  • Which countries pay OFWs the highest?
  • MORE...

    Environment

  • Boracay Set to Ban Tourists for Six Months During Island ‘Rehabilitation’
  • Boracay: the good, bad and ugly sides to Philippine island for tourists
  • Luzon has greatest concentration of unique mammals
  • Mindanao plants 3M trees in an hour, challenges world record
  • Fighting for sharks in the Philippines
  • MORE...

    Pinoy Places
    and Faces