TO continue tempering the red-hot inflation, the National Economic and Development Authority Board , which is chaired by President Ferdinand R. Marcos, Jr., is pushing to extend again the reduced tariff for food staples and coal.
“Through this policy, we shall augment our domestic food supplies, diversify our sources of food staples, and temper inflationary pressures arising from supply constraints and rising international prices of production inputs due to external conflict,” Balisacan said. EO 171 also lowered the tariff for corn, rice, and coal. The issuance is scheduled to lapse on Dec. 31, 2022.
Among the highlights of the new PDP are the digitalization of government processes and public services; improving the local and global connectivity of Philippine markets and the integration of leading and lagging regions; and servicification or building ICT , creatives, tourism, and logistics ecosystems around manufacturing clusters.
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