HOME PAGE ABOUT US CONTACT US SUBSCRIBE ADVERTISE ARCHIVES
TOP STORIES NATION ECONOMY COMPANIES SHIPPING OPINION PERSPECTIVE LIFE SPORTS MOTORING
SEARCH ENGINE
WWWOur Site
Anchored by Jonathan dela Cruz, Salvador Escudero, Boying Remulla, Teddy Boy Locsin and Alvin Capino
Monday to Friday
8:00pm-10:00pm

ARTICLE SERVICES
  • bookmark this page
  • print this article
  • view archive
  •  
    GMA: Rice production to rise 7% in ’08
     
    By Mia M. Gonzalez
    Reporter
     

    HONG KONG (via PLDT)—President Arroyo said on Monday the government expects rice production to increase by 7 percent this year due to “unprecedented” spending on the agricultural sector.

    The President made the statement in an open forum after addressing the 11th Asian Investment Conference (AIC) at the Conrad International Hotel, where she reiterated that the government has been proactive in addressing the problem of high rice prices in the Philippines.

    Asked what her administration has been doing to address high rice prices, Mrs. Arroyo said, “We’ve been spending unprecedented amounts of money in our agricultural sector, irrigation, farm-to-market roads, seed support, research and development, and that’s why we’re expecting this year a 7-percent increase in rice production.”

    She said the government has been “religiously implementing” the Agricultural and Fisheries Modernization Act, and has set aside funds to provide “targeted relief” for the poorest Filipino families who are most vulnerable to price increases.

    “What is important is we make sure that the poorest of the poor will get relief from the hardships not only brought about by declined world production, but the other vagaries that have come up like high price of oil and credit brunch in big economies in the US,” she said.

    Eastern Samar Gov. Benjamin Evardone said in an interview with reporters at the lobby of the Grand Hyatt Hotel here that the President has approved in principle the proposal of local government officials to allow local government units (LGUs) to act as retailers of NFA rice, so that their areas would be assured of affordable rice supply.

    Evardone said LGUs would undertake the venture, which they will thresh out with Agriculture Secretary Arthur Yap, in tandem with nongovernment organizations to ensure transparency.

    On possible concerns that local officials may use the scheme to boost their chances in the 2010 elections, he said, “Let’s not impute any political motives into this. This is meant to give the people access to affordable rice. And we can be held accountable as government officials.”

    In Manila, the national government is preparing to release new directives that will help the country cope with soaring rice prices, according to the National Economic and Development Authority (Neda).

    Neda acting director general Augusto Santos told reporters these new measures also hope to ease the flow of commodities, such as rice, in and out of Metro Manila.

    Santos said these measures include the removal of the truck ban in the streets of Metro Manila, the strict enforcement of laws against the conversion of agricultural land into residential land, and the removal of LGU charges on trucks that pass their areas.

    The Neda chief said the removal of the truck ban, which still has to be approved by the Metropolitan Manila Development Authority, will help ease pressure on rice supply and price.

    Santos said that as for the laws on the conversion of agricultural land into residential land, which is covered by several Republic Acts such as Section 65 of RA 6657, or the provision on the Conversion of Lands, must be strictly enforced.

    He also said the government is willing to take the risk of causing a slowdown in the real-estate industry. “It’s a tradeoff that the government is willing to take. What would you rather have, food or houses?”

    Santos also said the government wants to strictly impose laws protecting trucking companies from paying LGUs separate fees.

    He said that while laws and regulations have been made, LGUs are not enforcing it. Santos said that if these charges continue, rice prices may be affected, especially at this time when rice prices in the world market are high. (With C. Ordinario)

    OTHER STORIES
    GMA: Rice production to rise 7% in ’08

    HONG KONG (via PLDT)—President Arroyo said on Monday the government expects rice production to increase by 7 percent this year due to “unprecedented” spending on the agricultural sector.

    read more

    Taiwan firms invested $782.3M in RP last year, Meco reports

    TAIWANESE firms infused a total of $782.3 million in investments in the country in 2007 and have already committed to expand their operations here in the next years, the Manila Economic and Cultural Office (Meco) reported Monday.

    read more

    France to hire Filipino nurses and infotech professionals

    FRANCE will soon open employment opportunities to thousands of Filipino nurses and information-technology professionals to meet its increasing labor-market demand, said the French envoy to Manila.

    read more

    Installation work in Galoc field completed

    AUSTRALIA-BASED Nido Petroleum Ltd. said the Galoc oil field is getting near its production phase with the Lewak Champion, its installation vessel, completing the deployment of the mooring and riser assembly.

    read more

    Austria eyes increased trade, investments in RP, particularly in CDM

    THE government of Austria plans to increase trade and investments in the Philippines by encouraging its private sectors to engage in the multibillion- dollar business on clean development mechanism (CDM) of the Kyoto Protocol that seeks to lower emission in developed countries by 2012.

    read more

    Foreign-aid problems arise from procure laws

    THE government’s problems with foreign aid are rooted in the country’s flawed procurement laws, not the nature of official development assistance (ODA) itself, according to a former government official.

    read more

    Villegas calls for more economic activities to sustain GDP growth

    A PROMINENT economist said Friday that the private sector must increase its economic activities to ensure the economic gains of last year are going to be maintained.

    read more

    RP not ready for ‘competition policy’ in Apec reforms

    THE Philippines can commit to the structural reforms lined up for the member-economies of the Asia-Pacific Economic Cooperation (Apec), except to the competition policy among the 21 nations in the Pacific Rim, said an official of the Department of Foreign Affairs (DFA).

    read more