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                    [ArticleID] => 156461
                    [Title] => Rice importation results in P23.5-B losses for government
                    [Summary] => Government has lost up to P23.526 billion in foregone revenue from rice importation and spent P1.5 billion on price intervention every year since 1995 but domestic rice prices are still the highest in Asia despite cheap imports and price subsidies.


Because of wrong policies, costly subsidies and weak governance, experts warn that the country’s chronically ill agriculture sector, particularly rice, would be ripe for a collapse if the government does not bite the bullet and implement reforms that are necessary, even if unpopular.


                    [DatePublished] => 2002-04-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
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BRUCE J

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                    [ArticleID] => 156461
                    [Title] => Rice importation results in P23.5-B losses for government
                    [Summary] => Government has lost up to P23.526 billion in foregone revenue from rice importation and spent P1.5 billion on price intervention every year since 1995 but domestic rice prices are still the highest in Asia despite cheap imports and price subsidies.


Because of wrong policies, costly subsidies and weak governance, experts warn that the country’s chronically ill agriculture sector, particularly rice, would be ripe for a collapse if the government does not bite the bullet and implement reforms that are necessary, even if unpopular.


                    [DatePublished] => 2002-04-08 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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abtest

Rice importation results in P23.5-B losses for government

April 8, 2002 - 12:00am

Government has lost up to P23.526 billion in foregone revenue from rice importation and spent P1.5 billion on price intervention every year since 1995 but domestic rice prices are still the highest in Asia despite...

Business