‘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

  • My mother’s journey as an overseas Filipino worker
  • ‘Disturbing, disappointing’: World Street Food Congress in Philippines canceled anew
  • Tallest bamboo sculpture shoots up 50 m in the Philippines
  • An appreciation of Moro food can bring Pinoy Muslims and Christians closer, says this Muslim chef
  • Pinoy workers power Taiwan’s tech industry
  • Page 1 | 2 | 3 | 4 | 5 | 6 | 7

    Entertainment

  • How Marvel’s first featured Pinoy superhero can save society
  • This play tells the urgent story of a Filipino comfort woman
  • Will ‘Sahaya’ be the first Pinoy series on Netflix?
  • Z-GIRLS, Z-BOYS with Pinoy members to debut in Korea
  • Marvel Comics introduces new characters; Filipino superhero to make waves
  • MORE...

    Features

  • An appreciation of Moro food can bring Pinoy Muslims and Christians closer, says this Muslim chef
  • 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
  • MORE...

    Tourism

  • Northern Blossom Flower Farm: Atok’s floral carpet
  • Philippines records ‘all-time high’ 7.1M tourist arrivals in 2018
  • 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’
  • MORE...

    Sports

  • Filipino speed skater bags spot in 2020 Winter Youth Olympics
  • 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
  • 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

  • Southeast Asia became dumping ground for plastic waste – study
  • 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
  • MORE...

    Pinoy Places
    and Faces