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Edtech startup seeks to bridge blockchain knowledge gap

IN THE PHILIPPINES, government agencies are exploring blockchain technologies to improve government transactions and enhance trust in digital services. — PHILSTAR FILE PHOTO

BITSKWELA, a Filipino-led education technology (edtech) startup, recently launched a program designed to bridge the knowledge gap in blockchain technology and cryptocurrencies among students.

“While students showed increasing curiosity and enthusiasm about blockchain, many still lack the hands-on experience needed to fully understand its tools and practical use cases,” Andrea Pilapil, head of the program called Blockchain Student Alliance (BSA), said in a statement.

“Blockchain education is often confined to conceptual knowledge, and there’s a pressing need to bridge that gap with practical and project-based learning,” she added.

According to Ms. Pilapil, the insufficient knowledge about the practical usage of blockchain in different fields, like supply chains, healthcare, and voting systems, is caused by the lack of access to blockchain education among non-technology students.

Through Sonic University, an educational program by EVM layer-1 platform and blockchain innovation leader Sonic Labs, the BSA aims to equip students with practical skills and empower the youth to explore opportunities and careers in the blockchain industry.

The BSA and Bitskwela conducted workshops from October to November with more than 500 students across various universities nationwide to help combat the lack of information on the said technology.

“Learning this technology can be better integrated through introductory courses in fields like business, economics, and computer science, along with practical, project-based learning to help students gain hands-on experience in building blockchain solutions,” Ms. Pilapil said.

“Interdisciplinary programs should also explore its use in industries such as healthcare, finance, and supply chain,” she added.

In the Philippines, government agencies are exploring blockchain technologies to improve government transactions and enhance trust in digital services.

The Department of Budget and Management, for one, utilizes the minimum viable product (MVP) of Prismo, a hybrid private-public blockchain technology.

On its website, Prismo said this MVP highlights the “potential and effectiveness” of the technology in real-life scenarios.

In addition, the Department of Information and Communications Technology launched eGovChain, a blockchain platform of a “government decentralized, distributed ledger technology that securely records transactions.”

It added that eGovChain helps ensure that all transactions of governmental processes are “immutable and verifiable.”

“Through eGovChain, government agencies can streamline operations, reduce fraud, and improve trust with the public by providing a secure and transparent record-keeping system,” the department said.

In 2025, Bitskwela plans to continue its BSA tour and host more hands-on workshops and interactive activities to further expose and connect the students with the blockchain ecosystem and industry leaders. — Almira Louise S. Martinez

PBBM delivers over P50-million financial aid, services to calamity-hit Albay farmers, fisherfolk

Tuloy-tuloy ang Pagtugon, Pagbangon, at Paghanda

President Ferdinand R. Marcos, Jr., on Wednesday, distributed more than P50 million in financial assistance and government services to farmers and fisherfolk affected by calamities in Albay. In his speech at the Ibalong Centrum for Recreation (ICR) in Legazpi City, President Marcos said the Office of the President (OP) allocated P50 million in financial aid for three cities and 15 municipalities of Albay.

 


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Another pandemic is inevitable, and we’re not ready

FREEPIK

EVERY WEEK or so, scientists issue another warning that the H5N1 bird flu is inching closer to exploding into a pandemic. Despite having contended with a pandemic that broke out less than five years ago, the US has no solid plan to handle a new one — nor have our leaders done anything to incorporate the lessons learned from the government’s less-than-ideal handling of COVID-19.

Too many Americans died from COVID because the public health community took too long to issue warnings, was slow to create tests to assess the situation, and was sluggish in shifting its response to fit the data on airborne transmission. The much-criticized lockdowns could have been less disruptive and saved more lives had they been periodically adjusted as data changed on who was most at risk and which activities were riskiest.

Already, some of the same mistakes can be seen in the response to H5N1, which started in poultry before a new variant began infecting the nation’s dairy cows. The US Department of Agriculture announced last week that it would start sampling the nation’s milk supply to test for the virus. California instituted a recall of some raw milk and raw milk products after samples tested positive. But there’s a lot more that could be done to reduce the odds of this situation leading to a pandemic.

Moreover, President-elect Donald Trump’s picks to lead the nation’s top public health agencies — the officials who would be in charge of any pandemic response — have prompted concerns among scientists and health experts. They include Robert F. Kennedy, Jr., a vaccine skeptic and raw milk enthusiast, for the top job of secretary of the Department of Health and Human Services. He also has ties to the California producer whose farm was the subject of the state’s recall after several batches of raw milk products tested positive for the virus. The farmer told Politico he’s been asked to apply for the position of “raw milk adviser” at the Food and Drug Administration (FDA).

Trump’s pick to run the Centers for Disease Control and Prevention (CDC), former Representative Dave Weldon, pushed false theories about childhood vaccines as a member of Congress and was a critic of the CDC and its vaccine program. And to lead the National Institutes of Health, Trump has named Jay Bhattacharya, author of the Great Barrington Declaration, which criticized the government’s COVID response and promoted the theory — based on bad science — that the pandemic would end quickly through herd immunity. Marty Makary, who Trump picked to head the FDA, promoted the same notion of herd immunity as he promised that even without vaccination, COVID would disappear in several months.

We likely won’t know how these officials might handle the next crisis until their Senate confirmation hearings early next year.

There have been periodic outbreaks of H5N1, commonly called the bird flu, in the domestic bird population since the mid-1990s. But while fewer than 1,000 people worldwide have tested positive for the virus since then, scientists are alarmed because it killed half of those known to be infected. In 2022, the virus started showing up in mammals — foxes, bears, raccoons, sea lions, porpoises, and minks — and then, in March of this year, in US dairy cows. Millions of US chickens have been euthanized to control outbreaks in flocks of poultry, and in October, officials confirmed that the virus had been found in a pig here for the first time.

In a study of supermarket milk last April, virus fragments appeared in 58 out of 150 samples. Scientists who conducted the study said heat from pasteurization would kill the virus. But raw milk from infected cows is swarming with live virus — enough to kill barn cats that have lapped up splatters.

At least 60 confirmed human cases of bird flu have been reported in the US this year, including two in Arizona. Most have been farm workers who had contact with livestock or poultry, and their symptoms were mild. More worrisome are the few cases whose origin remains a mystery, including a teen in British Columbia who was hospitalized with a mutated version of the virus and a California child who was diagnosed with moderate symptoms in November. There have been no confirmed cases of person-to-person transmission.

“In my opinion, it is a matter of time before we start to see documented human-to-human transmission of this virus… because we’re continuing to let this virus infect humans and adapt to people,” said Seema Lakdawala, an immunologist at Emory University School of Medicine.

To decrease that likelihood, she says efforts should focus on minimizing outbreaks among cattle. That means not just monitoring some milk samples but identifying individual infected cows and ensuring they are isolated and their milk disposed of safely so that it doesn’t make its way into irrigation water where it could infect other animals. She said that even if those cows aren’t killed, just isolating them could prevent further spread.

Each new infection allows the virus to make millions of slightly mutated copies, increasing the odds that one will acquire the ability to easily jump from person to person. A study published recently in Science showed that the variant currently spreading through hundreds of herds needs only a single mutation to gain the ability to attach to receptors on human cells.

Much remains unknown, including why bird flu hasn’t started a pandemic. But there will be another pandemic at some point, said Michael Osterholm, an epidemiologist who has advised every president since Ronald Reagan and is now director of the University of Minnesota’s Center for Infectious Disease Research and Policy. “The pandemic clock is ticking. We just don’t know what time it is,” he said.

Osterholm has investigated Ebola, Zika, and other deadly viruses. Still, coronaviruses and influenza are by far the most likely to blow up into global pandemics because they are easily transmitted through the air.

That means we should plan for the possibility — before it happens. And we need something more detailed than the National Security Council playbook drawn up during the Obama administration and famously ignored by Trump. It outlined organizing an initial pandemic response, such as connecting political leaders with scientific experts. But it didn’t include details for things like shutdowns, mask mandates, or other measures taken during COVID. Osterholm said drafting a new plan should begin with a bipartisan investigation into how COVID-19 was handled — like the 9/11 commission. “Not to point fingers,” he told me, but to prepare for next time.

A new playbook should also consider long-term sustainability. Osterholm said data available in spring 2020 showed COVID was so easily transmissible that the pandemic could drag on for years. And yet, nobody wanted to hear it.

He argues that the US and China could have saved many more lives with short-term, data-driven closures of restaurants and other high-risk settings when cases were rising. That strategy could have been sustained as long as the threat persisted. In China, which lifted its strict three-year-long zero-COVID lockdown before the threat had ebbed, the CDC estimates 1.4 million people died in the first three months the restrictions were eased.

A new preparedness plan should also include more protection for essential workers and their families. During 2020, many people with known risk factors or elderly relatives at home were thrown into dangerous work situations.

The US endured waves of deaths in the winter of 2020-2021 when many Americans could no longer tolerate staying in their homes. Sustainability would matter even more if the next pandemic had a higher fatality rate.

While it’s often repeated that more than a million Americans died, we lack an analysis of how they got infected and how they were in harm’s way. It wasn’t about bad behavior but inadequate policy. Good policy is designed to work for human beings the way we are. With COVID, it was all created on the fly. It doesn’t have to be that way next time.

BLOOMBERG OPINION

Sentinel Upcycling says incentives driving local sustainability efforts

SENTINELUPCYCLING.COM.PH

SENTINEL Upcycling Technologies, a manufacturer of upcycled plastic products, is driving community participation in sustainability efforts by incentivizing local groups to contribute to a circular economy.

“(There is a) need to provide a different point of view, a different approach to solving the plastic pollution problem,” Jonathan F. Co, project head of Sentinel Upcycling Technologies, said in an interview with BusinessWorld.

According to Mr. Co, the upcycling company aims to “establish, empower, and enable” community-based groups like homeowners’ associations, non-governmental organizations, and local cooperatives to work within their respective areas and collate materials that can be upcycled.

“It cannot be centralized US-style where people kind of sort it and then it goes to a big sorting center. That’s very expensive, that’s very tedious,” he said.

“The implementation should be a hyperlocal community-based set of programs.”

Some of the groups the company has worked with include the Philippine Alliance for Sustainable Solutions, Communities Organized for Resource Allocation, Alon and Araw, and Envirotech.

“It depends on who is willing to do the work,” he said. “The work is not complicated, it’s just tedious.”

Mr. Co added that the company took inspiration from traditional junk shops that monetize collected items.

By purchasing these gathered recyclable materials from different groups, Sentinel Upcycling hopes to motivate people to participate in its sustainability efforts.

“When you mobilize the community, of course, you have to incentivize them to accelerate the changing behavior.”

The incentives for these materials range from P30 to P750 per kilo.

The types of materials that can be upcycled by the company are clean plastics from take-out containers, plastic utensils, plastic bottles, plastic labo, clean sachets, clean chip bags, polyethylene terephthalate (PET or #1 plastic), polypropylene (PP or #5 plastic), high-density polyethylene (HDPE or #2 plastic), and acrylonitrile butadiene styrene (ABS).

“In case the people ask ‘Why do we need to collect it? No one will buy it,’ we can raise our hands and buy it from them,” he said.

The company has produced different products such as pallets, crates, tote boxes, dividers, hangers, trays, trash bins, tumblers, and school furniture. These products retail from P150 to P4,500.

Mr. Co added that communities play a vital role in closing the plastic cycle. “We need the communities’ support to purchase the consumer products that we are able to make.”

Mondelez Philippines, Inc. was one of the first customers of Sentinel Upcycling Technologies in 2014.

Seventeen tons or 8,500 sachets of the powdered drink Tang, one of Mondelez Philippines’ products, were converted into 11,000 armchairs donated to various schools in need.

“The circular economy is really demand-driven. The most important aspect is demand,” Mr. Co said. — Almira Louise S. Martinez

European Central Bank expects more rate cuts as inflation fears abate

CHARLOTTE VENEMA-UNSPLASH

FRANKFURT — The European Central Bank (ECB) expects to cut interest rates further if inflation settles at its 2% target as it expects, some of the ECB’s top brass said on Monday.

ECB President Christine Lagarde and the bank’s most influential policy hawk, Isabel Schnabel, cemented market bets on further gradual reductions in borrowing costs in the euro zone as the economy stutters and fears about high inflation fade.

“If the incoming data continue to confirm our baseline, the direction of travel is clear and we expect to lower interest rates further,” Ms. Lagarde said in a speech in Vilnius.

Inflation in the euro zone was 2.3% last month and the ECB expects it to settle at its 2% target next year after hitting double digits in the wake of Russia’s full-scale invasion of Ukraine in 2022.

The euro zone’s central bank lowered its key rate last week for the fourth time this year and opened the door to more reductions by removing a reference to keeping rates “sufficiently restrictive.”

“I hope the picture is a little clearer for those who were wondering what this change of language meant last week and what we’re looking for in the near future,” Ms. Lagarde said after delivering her speech on Monday.

Ms. Schnabel was more explicit later on Monday, saying the ECB should keep cutting interest rates in a gradual manner until they reach neutral.

“Price stability is within reach,” Ms. Schnabel told an event in Paris. “Considering the risks and uncertainties we are still facing, lowering policy rates gradually towards a neutral level is the most appropriate course of action.”

While a neutral interest rate is a vaguely defined concept, Schnabel sees it between 2% and 3% and Ms. Lagarde has said that ECB research puts it at 1.75%-2.5%.

This indicates that several more cuts in the 3% deposit rate may come before the neutral debate heats up.

Financial investors expect the ECB to cut rates by 25 basis points at each of its next four meetings but have for now shelved bets on larger reductions worth half a percentage point, in line with Ms. Schnabel’s call for gradual moves.

Ms. Schnabel said the ECB should not try to solve the euro zone’s structural issue, such as a lack of investment, by adopting an expansionary monetary policy and directed veiled criticism at her predecessors for trying to do so in the last decade.

“During the 2010s… a highly accommodative monetary policy stance over a long period was unable to lift the economy out of the low-growth, low-inflation environment,” she said. “Structural policies are the responsibility of governments.” — Reuters

STT GDC completes Fairview data center structure

STTELEMEDIAGDC.COM

ST TELEMEDIA Global Data Centres (STT GDC) Philippines has completed the structural framework of its 124-megawatt (MW) data center in Fairview, paving the way for its initial activation by the second quarter of next year.

In a media release on Tuesday, the company said it had topped off its STT Fairview 1, its carrier-neutral and sustainable data center.

“The demand for advanced data centers continues to grow in the Philippines, fueled by increasing digital consumption, cloud adoption, and AI (artificial intelligence) applications,” the company said in a media release on Tuesday.

STT GDC Philippines is Globe Telecom, Inc.’s joint venture with Ayala Corp. and ST Telemedia Global Data Centres.

STT Fairview will be the company’s largest data center, with a total design capacity of 124 MW, and is expected to hit first phase activation by the second quarter of next year. This data center site will accommodate demands from hyperscalers and AI companies.

The data center is also built to incorporate emerging green technologies for sustainable operations.

STT GDC Philippines has seven data centers in the Philippines with a combined IT load of 150 MW, information from its website showed.

Aside from STT Fairview, it is also constructing STT Cavite 2, which has an estimated IT load of six MW. — Ashley Erika O. Jose

New York exhibit honors Alvin Ailey’s dance legacy

Ailey II. Photo by Nir Arieli. — WHITNEY.ORG

NEW YORK — A new exhibition at the Whitney Museum of American Art in New York spotlights the legacy of Alvin Ailey, the founder of the Alvin Ailey American Dance Theater and a pivotal figure in modern dance.

The exhibition features a broad array of artistic mediums, including video, painting, photography, and prints.

“You’ll see artists working in all different mediums, making work on themes related to the ideas that Ailey either explored in his own dances or that he experienced in his life,” said museum director Scott Rothkopf.

Mr. Ailey founded the Alvin Ailey American Dance Theater in 1958, a company dedicated to preserving and enriching the African American cultural narrative through dance. In 1960, Mr. Ailey’s masterpiece Revelations was created, cementing his reputation as an unparalleled visionary in the field of dance.

In 1969, Mr. Ailey established the Alvin Ailey American Dance Center, now known as The Ailey School, and formed the Alvin Ailey Repertory Ensemble, now Ailey II, in 1974.

A newly commissioned portrait of Mr. Ailey serves as an introduction to the dance legend as visitors enter the Whitney exhibit.

A one-hour video narrative covers Mr. Ailey’s life, from his early years in 1930s Texas until his death in 1989, highlighting his struggles, achievements, inspirations, and the context in which he worked.

The exhibition also examines the evolution of the Alvin Ailey American Dance Theater following Mr. Ailey’s death.

“There’s a real interesting question here about how the company continues to steward his tradition at the same time as it adds new energy to the body of work that he created,” Mr. Rothkopf said.

Current interim artistic director for the dance company, Matthew Rushing, said the Whitney captured Mr. Ailey’s legacy beautifully.

Mr. Rushing, who has been with the company since 1992 and became interim director in 2024, said Mr. Ailey’s work was deeply rooted in the African American experience and he used his platform to celebrate other cultures and dance styles.

“It’s something about him celebrating humanity and making people feel like they’re heard and seen,” Mr. Rushing said.

“I feel another part of it is the power that’s found in the African American culture. It’s no secret that our American culture would not be what it is if it wasn’t for the influences and contributions of Black people. And so, I feel like that combined with humanity, it has this universal language and appeal.”

The dance company began its new season this month and will perform in New York until Jan. 5 before starting its annual world tour. — Reuters

Philippine e-Visa simplifies entry for Indian and Chinese travelers

FREEPIK

The Philippine Bureau of Immigration (BI) and Department of Foreign Affairs (DFA) recently implemented the e-Visa system for Indian and Chinese nationals, reflecting a progressive shift toward the digitization of visa processes in the Philippines. The e-Visa system, which allows foreign nationals to file their visa applications online, is part of the Philippine government’s efforts to reinvigorate tourism by simplifying applicable entry procedures for foreign nationals.

Under the e-Visa system, eligible applicants may submit their visa applications online through the e-Visa platform at http://evisa.gov.ph. This eliminates the need for personal appearances at Philippine embassies or consulates abroad and offers a more convenient alternative for foreign travelers.

To apply for an e-Visa, applicants must create an account on the e-Visa platform, complete an application form, upload the required documents, and pay the applicable visa processing fees. The e-Visa is available for durations of 30 or 59 days, on either a single or multiple-entry basis. In some cases, however, evaluating officers may request the applicant to submit original copies of their uploaded documents and/or attend an in-person interview at the Philippine Consulate.

Once approved, the e-Visa is electronically issued and sent to the applicant’s registered e-mail address. Travelers are required to present a print-out of the e-Visa upon arrival, along with other documents such as a passport valid for at least six months and an outbound ticket dated at least 30 days from arrival.

It must be noted that e-Visas are strictly limited to applications for 9(a)/temporary visitor visas, which are granted to foreign nationals solely for purposes of tourism/leisure, temporary business, medical treatment, participation in meetings and/or conferences, trainings, or athletic events.

In this regard, on Nov. 18, the BI issued Memorandum Order No. 2024-347 and clarified that e-Visas are both non-extendible and not valid for conversion to any other visa type. This means that an e-Visa cannot be converted to an immigrant or non-immigrant visa (e.g., pre-arranged employment/9(g) commercial visa, PEZA visa, etc.). The foreign national must also leave the Philippines on or before the e-Visa’s expiration date.

Notably, the BI continues to implement Immigration Memorandum Circular No. SBM-2015-003-A, which grants Indian nationals visa-free entry to the Philippines for tourism purposes for an initial period of 14 days, provided they possess a valid Australian, Japanese, Canadian, Schengen, Singaporean, US, or UK visa/permanent residence permit. The 14-day visa-free entry may be extended once for an additional period of seven days, for a total of 21 days, and is non-convertible to any other visa category.

Similarly, under BI Memorandum Circular No. MCL-09-006, Chinese nationals with valid Australian, Japanese, Canadian, Schengen, or US visas may continue to avail of visa-free entry to the Philippines for an initial period of seven days, extendible only once for an additional period of 14 days, to complete a maximum period of 21 days. Visa-free entry for Chinese nationals is also not convertible to any other visa category.

It is important to note that the non-convertible and non-extendible e-Visa, as well as the visa-free entry granted to qualified Indian and Chinese nationals, cannot serve as a pathway for those who seek to work in the Philippines and eventually apply for a non-immigrant/work visa, such as the pre-arranged employment/9(g) commercial visa. These foreign nationals must instead secure a regular 9(a)/temporary visitor visa from the appropriate Philippine embassy or consulate abroad. To support the said application, foreign nationals must submit a copy of their employer-sponsor’s application or letter of intent to apply for their 9(g) visas, which must be duly stamped and received by the BI.

In sum, the introduction of the e-Visa system marks a significant step in modernizing immigration services in the Philippines, offering Indian and Chinese nationals a more convenient option for short-term visits to the country. Its non-convertible and non-extendible nature, however, underscores the need for meticulous planning, particularly for those seeking long-term stays or employment in the Philippines. For Indian and Chinese nationals who intend to apply for work visas, securing the regular 9(a)/temporary visitor visa remains the most viable approach to ensure compliance with Philippine immigration laws.

As the Philippines continues to refine its immigration policies, prospective visitors and their employers must stay updated on the latest developments to ensure their smooth and compliant entry into the country. This new system promises to improve the accessibility of Philippine immigration services, with the potential to expand to more nationalities and contribute to broader, more comprehensive immigration reforms in the future.

The views and opinions expressed in this article are those of the author. This article is for general information and educational purposes and is not offered as, and does not constitute, legal advice or legal opinion.

 

Napoleon L. Gonzales III is a senior associate of the Immigration department of the Angara Abello Concepcion Regala & Cruz Law Offices (ACCRALAW).

nlgonzales@accralaw.com

(632) 8830-8000

How PSEi member stocks performed — December 17, 2024

Here’s a quick glance at how PSEi stocks fared on Tuesday, December 17, 2024.


Price increase of Noche Buena items remains steady in 2024

The overall increase in prices for Noche Buena items, as measured by the basket’s price index, fell by 0.2% annually this year, steeper than the 0.1% drop in 2023. This brought the average price increase for the basket to 2.3% from 2012 to the present. Since 2011, the Noche Buena price index rose by 25.1%. BusinessWorld has been monitoring the annual price changes of the Noche Buena items through a price index that gauges how faster (or slower) the price of this representative basket of goods has risen (or fallen) over the years. The prices of goods are based on the Department of Trade and Industry’s (DTI) list of suggested retail prices. Earliest available data date back to 2011.

Price increase of Noche Buena items remains steady in 2024

CREATE MORE IRR sets rules for transfers of business registration

SCIENCEPARK.COM.PH

THE INTERIM implementing rules and regulations (IRR) for the Corporate Recovery and Tax Incentives for Enterprises to Maximize Opportunities for Reinvigorating the Economy (CREATE MORE) Act were issued on Tuesday, laying down the rules for the transfer of registrations to other investment promotion agencies (IPAs).

The interim IRR allows “Pre-CREATE RBEs (registered business enterprises) with investment capital exceeding P15 billion… to transfer their registration… (if they have) started operating or (are) in the pre-operating stage” as long as they have not availed of any income tax-based incentives.

Qualified RBEs intending to transfer their registrations, if approved to do so, must surrender their Certificate of Registration or Certificate of Registration and Tax Exemption for cancellation, prior to the issuance of a new certificate.

Last week, President Ferdinand R. Marcos, Jr.  signed the CREATE MORE Act into law. It further reduces the corporate income tax to 20% from 25% for RBEs.

CREATE MORE features income tax holidays, a 5% Special Corporate Income Tax, and duty exemptions on imports of capital equipment, raw materials, spare parts, and project accessories.

Additionally, RBEs will also enjoy local tax exemptions and VAT exemptions on imports and VAT zero-rating on local purchases of goods and services directly attributable to the registered project or activity.

“The reckoning period of the income tax-based incentive for operating RBEs issued with new Certificates of Registration shall be Jan. 1, 2025,” it added. — Aubrey Rose A. Inosante

Bill restoring NFA market powers being readied

PHILIPPINE STAR/MIGUEL DE GUZMAN

By Adrian H. Halili, Reporter

THE Department of Agriculture (DA) said it has initiated the process of drafting legislation proposing to restore the National Food Authority’s (NFA) power to intervene in rice markets and regulate prices.

“We plan to submit our wish list to the Office of the President by Friday… I’m already asking our legal to draft the bill,” Agriculture Secretary Francisco P. Tiu Laurel, Jr. told reporters late Monday.

He added that the DA will also urge President Ferdinand R. Marcos, Jr. to certify the impending bill as urgent.

At a House committee hearing on Tuesday last week, Mr. Laurel said that reinstating the NFA’s regulatory powers could help control rice prices.

Republic Act No. 11203 or the Rice Tariffication Law of 2019 stripped the power of the NFA to import and directly sell rice. The law instead implemented tariffs on imported rice at 35% initially, and 15% currently. The collected proceeds fund the Rice Competitiveness Enhancement Fund to modernize rice farming.

“The NFA used to have the power to tell all the retailers that you must sell NFA rice at this price… we don’t plan to control (the market), we just want to provide an option to buy rice at (the government) price,” he added.

The law had also limited the NFA’s functions to procuring domestically produced rice to hold in reserve for calamities. It is required to maintain a rice inventory equivalent to about nine days’ demand.

“With just the right budget and the right policy that allows the NFA to sell its rice to intervene, that will be enough (to tame prices),” Mr. Laurel said.

According to DA price monitors, as of Dec. 14, a kilo of well-milled rice sold for between P40 to P52 in Metro Manila public markets, while regular-milled rice fetched between P40 and P48.

Asked to comment, Federation of Free Farmers National Manager Raul Q. Montemayor said granting the DA or the NFA the authority to intervene by releasing cheap rice stocks could lead to a decline in farmgate prices.

“NFA intervention must be limited to situations where prices go beyond established thresholds or triggers, limited to areas where these price spikes occur, and targeted towards poor consumers only,” Mr. Montemayor said via Viber.

“Under normal circumstances, there should be no need for the NFA to intervene,” he added.

He cited the cost of intervention and the possibility of leakage, or the improper release of rice into the wrong hands, but also the risk of depressing palay prices due to the presence of cheap NFA rice on the open market.

Former Agriculture Secretary William D. Dar said that the NFA must be given the responsibility to maintain a one-month rice reserve instead of nine days demand, through a higher budget.

“With that level it can sell its aging stock to its network of retailers at about P35 per kilo. Another option is to sell to KADIWAs at P35. NFA intervention can provide relief to consumers in a big way,” Mr. Dar said via text.

The DA’s current program for distributing subsidized well-milled rice to the general public is known as Rice for All in KADIWA ng Pangulo outlets, since expanded to selected public markets and train stations.

The Rice for All program currently sells well-milled rice priced for P40 per kilo, with Mr. Laurel saying the DA is seeking to lower the price by January.

“I think we can make it P38-P39 by January. But we need (more) outlets,” he added.