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Gatchalian calls debt management higher priority than fuel excise freeze

Gatchalian calls debt management higher priority than fuel excise freeze
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NFA rice inventory good for 5 days at 167,000 MT

The rice inventory of state-run National Food Authority (NFA) is around 167,000 metric tons (MT), which is equivalent to the country’s total staple demand for five whole days, its administrator said. NFA Administrator Judy Carol Dansal said the agency’s inventory is equivalent to “five days” of the daily nationwide rice… ....

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Rice reforms cut NFA losses in 2021

State-run National Food Authority (NFA) managed to slash its losses last year following its mandated reforms under the the rice tariffication law (RTL), the Department of Finance (DOF) said.

In a report to Finance Secretary G. Carlos Dominguez III, the grains agency said that RTL enabled NFA to ....

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DOF: Grains agency cuts losses due to rice tariff law

State-run National Food Authority (NFA) managed to cut its net loss to P9.6 billion in 2021 after its powers and functions in rice importation and most of its regulatory functions were stripped away by the Rice Tariffication Law (RTL). The Department of Finance’s (DOF) Corporate Affairs Group reported to Finance… ....

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