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Support for Marcos admin falls to 18% in Q3 amid flood control scandal, survey says

PRESIDENT Ferdinand R. Marcos, Jr. led the launch of phases 2 and 3 of the National Fiber Backbone project in Palo, Leyte on Monday. — PHILIPPINE STAR/NOEL PABALATE

SUPPORT for the government of President Ferdinand R. Marcos, Jr. fell to 18% in the third quarter, a pollster said on Sunday, as a widening flood control scandal continues to erode public confidence amid corruption allegations, governance lapses and political infighting.

In a statement, pollster Publicus Asia, Inc. said that support for the Marcos administration dropped from 21% in the second quarter of this year, as voters increasingly turned to opposition and independent politicians over lack of trust in the government.

More Filipinos warmed to opposition politicians, with neutral sentiment rising to 46% from 42%, while anti-opposition views fell to 29% from 40%, according to the survey.

“This shift reflects growing political moderation and voter fatigue with partisan conflict,” Publicus said. “The decline in hostility toward the opposition may be attributed to the fragmentation of opposition groups, the public’s focus on governance issues over political divisions and the rise of younger, centrist voices promoting pragmatic, solution-based politics.”

Corruption allegations are nothing new in the Philippines, but the flood control controversy has struck a chord with Filipinos due to the scale of the alleged fraud and the shock over how politicians and contractors colluded to siphon off billions of pesos from infrastructure projects widely seen as a necessity in the flood-prone country.

About 53% of Filipinos in Mindanao and 52% in the Visayas said they do not support the Marcos administration, according to the survey, showing simmering regional discontent and the sharpening of political divides amid the widening flood control controversy.

“Pro-administration support, however, remains strongest in North-Central Luzon (25%), the Marcos family’s bailiwick,” Publicus added. “The Visayas now emerges as a key battleground — leaning both anti-administration and pro-opposition — while the National Capital Region and South Luzon exhibit high neutrality.”

Dissatisfaction against the Marcos administration was highest among upper- and middle-income earners at 46%, as low-income households remained largely neutral, which the pollster attributed to “political disengagement or lack of perceived benefit” in the issue.

In terms of educational attainment, Publicus found graduates of vocational programs leaned towards neutral or opposition figures (45–58%), while those with no formal education were more likely to be anti-administration (46%).

Religion also emerged as a key factor in shaping sentiment, the pollster said, with most Catholics sharing anti-administration views (44%), while non-Catholics (40–48%) tended to lean nonpartisan, suggesting greater political caution.

“Government employees (40%) remain mostly pro-administration, whereas private-sector workers lean anti-administration (47%) and politically independent (40%),” it added. “Voters from OFW families (46–49%) tend to be more anti-establishment, both anti-administration and anti-opposition, reflecting global exposure and political awareness.”

Support for the Marcos administration fell to the second-lowest level in the July-to-September period, slightly above the 15% low recorded in the first quarter of 2025, when former President Rodrigo R. Duterte was arrested and flown to The Hague to face crimes against humanity charges over his bloody war on drugs.

“This period also marked the sharpest increase in anti-administration sentiment, which rose dramatically from 30% to 45% — reflecting growing public dissatisfaction and political polarization,” Publicus said. — Kenneth Christiane L. Basilio

Government cooperation sought over alleged ICC warrant vs Senator Dela Rosa

SENATOR RONALD "BATO" DELA ROSA — FACEBOOK.COM/SENATEPH

HUMAN RIGHTS advocates and families of drug war victims urged the Marcos administration to cooperate with the International Criminal Court (ICC) and surrender Senator Ronald “Bato” M. dela Rosa following reports that the international tribunal had issued a warrant against him over the weekend.

In a statement on Sunday, Rise Up for Life and for Rights — a network of families of drug-related killings and their supporters — said they have long awaited accountability for former officials involved in the Duterte administration’s anti-drug campaign.

The group said Mr. Dela Rosa, a former Police chief, played a key role in the deadly drug war as former Police chief of former President Rodrigo R. Duterte, who is currently detained in The Hague.

“Bato deserves to be jailed alongside Duterte. Like his boss, he mercilessly ordered the killing of our loved ones,” said Llore Pasco, whose two sons were killed in anti-drug operations.

The group also cited Project “Double Barrel,” which included Oplan Tokhang, as a campaign under Mr. dela Rosa that led to thousands of deaths and arrests. “We continue to hope that the masterminds and all their accomplices will be jailed,” said Jane Lee, whose husband was killed during the operations.

The Office of Senator Dela Rosa did not immediately reply to a Viber message seeking comment.

The group also called on the Senate not to obstruct the Senator’s possible arrest and urged President Ferdinand R. Marcos, Jr. to avoid compromises with the Duterte camp. “We are always prepared for whatever happens next. We will keep speaking out, again and again, for the truth and for justice for our loved ones,” Ms. Pasco said in Filipino.

Ombudsman Jesus Crispin C. Remulla on Saturday said in a radio interview that the ICC had allegedly issued a warrant of arrest against Mr. dela Rosa, adding that he had learned of the development through credible sources and viewed it as a matter of public interest.

Mr. Dela Rosa’s legal counsel, Israelito P. Torreon, said in a statement on Saturday that the senator’s camp is aware of the reports but has yet to confirm their authenticity.

“These remain unverified. We urge everyone to exercise caution and wait for official confirmation from competent authorities or the ICC. If proven true, we trust the Philippine government will uphold due process and the rule of law,” Mr. Torreon said.

Executive Secretary Lucas P. Bersamin, when asked if the ICC process would follow a standard Interpol red notice, said the Supreme Court has established new rules on extradition.

“Not anymore. The Supreme Court has since come out with a new rule on extradition requiring a prior resort to a court before the person subject to extradition may be brought out of the country,” he said.

Ombudsman Remulla’s brother, Interior Secretary Juanito Victor C. Remulla, earlier said there is no document yet requiring action from the Department of the Interior and Local Government (DILG) regarding the alleged arrest warrant.

“At present, there is no actionable document for the Department to respond to. The DILG is currently focused on ongoing recovery operations in Cebu and on preemptive measures in preparation for the impact of Typhoon Uwan,” the statement read.

Meanwhile, Department of Justice (DoJ) on Saturday said that the agency is still verifying the information. “We have also not yet seen or received a copy of said arrest warrant. We shall provide further details as soon as it becomes available,” spokesperson Raphael Niccolo L. Martinez told reporters via a Viber group chat.

Confirmation from the DILG and DoJ is crucial as both agencies handle coordination and enforcement of ICC proceedings, including the pending case of Mr. Duterte, who is facing crimes against humanity before the court in The Hague, Netherlands.

In a 54-page public, redacted version of an ICC document, notified on March 13, 2025, Mr. dela Rosa was identified as a co-perpetrator of crimes against humanity. The document, which linked him to the Supreme Court’s observation that drug war deaths may have been state-sponsored, names him as the architect of Oplan Tokhang.

Mr. dela Rosa earlier told the Senate he is “ready” to face the ICC if an arrest warrant is issued, adding that the recent case updates may be a diversion from the ongoing probe into anomalous flood control projects.

Publicly reported government data recorded 6,252 deaths in police anti-drug operations, while human rights groups and the ICC prosecutor estimate the actual toll, including extrajudicial and vigilante-style killings could range from 8,000 to 30,000. — Erika Mae P. Sinaking

US visa appointments canceled

STOCK PHOTO | Image from Freepik

THE US EMBASSY in Manila on Sunday announced that all visa appointments scheduled for Nov. 10 have been canceled, amid the anticipated effects of Super Typhoon Fung-Wong (Uwan).

“All visa appointments at the US Embassy in the Philippines for Nov. 10, 2025, are canceled due to the severe weather effects of Typhoon Uwan, it said in a statement.

The embassy added that its offsite visa application center in Parañaque City would suspend all scheduled photo and fingerprint collection appointments.

“The safety of Consular staff and visa applicants is our top priority,” it said.

The Embassy added that all applicants scheduled for Nov. 10 should check their registered e-mail address for rescheduling.

“We apologize for the inconvenience and urge our visa applicants to avoid flooded and dangerous areas,” it added. — Adrian H. Halili

DSWD urged to check aid release

DEBRIS from damage caused by Typhoon Kalmaegi, locally called Tino, covers the ground in Talisay, Cebu. — REUTERS/ELOISA LOPEZ

A SENATOR called on the Social Welfare department to monitor the release of government aid to survivors of Typhoon Kalmaegi, locally called Tino, in Cebu, following claims of unfair distribution.

In a statement on Sunday, Senator Erwin T. Tulfo called on the Department of Social Welfare and Development (DSWD) to ensure all victims of Typhoon Tino received government assistance as some village officials have reportedly mislabeled their assistance forms.

“Some barangay personnel have made mislabelings on the DSWD forms of several victims of Typhoon Tino in the province of Cebu,” he said. “This is not the first time such an incident has happened, and it is disheartening that discrimination against disaster victims continues to occur.”

Mr. Tulfo said that his proposed Anti-Discrimination in the Delivery of Social Protection Programs Act would penalize discrimination in delivering aid.

Senate Bill No. 245 seeks to punish elective, discretionary, and discriminatory acts committed by government employees in the delivery of social protection programs to its beneficiaries to ensure fair and equitable distribution to all qualified individuals and families. — Adrian H. Halili

BuCor officials, staff get P3,000

BUCOR

THE Bureau of Corrections (BuCor) will grant an anniversary bonus of up to P3,000 to its eligible officials and employees as part of its 120th founding anniversary, Director General Gregorio Pio P. Catapang, Jr. announced on Sunday.

In a statement, Mr. Catapang said the bonus would go a long way in helping personnel who were affected by recent typhoons and floods, noting that it serves both as recognition of their service and a form of assistance amid ongoing recovery efforts.

The BuCor chief also ordered the cancellation of the agency’s planned social night and employee showcase program, originally scheduled as part of the weeklong anniversary celebration.

He said the decision aligns with President Ferdinand R. Marcos, Jr.’s call to avoid lavish celebrations in solidarity with disaster-hit Filipinos.

Instead, the bureau will hold mass offerings and donation drives — both in cash and in kind — to support communities affected by the calamities.

The bonus was recommended by BuCor Deputy Director General for Administration Al Perreras, citing Administrative Order No. 263 issued in 1996, which authorizes national government agencies to extend anniversary bonuses to their employees. 

“This will be a big help for BuCor employees who were affected by the typhoons and floods, and for those who weren’t, it gives them a chance to help their fellow Filipinos,” Mr. Catapang said. — Erika Mae P. Sinaking

St. Peter gives Cebu free services

ST. PETER Life Plan and Chapels is offering free funeral services in Cebu to the victims of Typhoon Kalmaegi, locally called Tino, in Cebu where at least 135 of the casualties were recorded.

“St. Peter Life Plan and Chapels joins all Cebuanos in prayer and unity,” the company said in its official statement at the weekend.

“As we face the challenges brought by both the earthquake and Typhoon Tino, we remain committed to serving our communities with compassion, dignity, and care. Magkauban ta sa pagbangon.”

Families in need of assistance may visit any St. Peter Chapel Cebu City or contact customer support through (02) 8371-9999, (02) 7946-9999, or 0919-056-9999. — CAT

CTA partially grants DMCI’s petition

CTA.JUDICIARY.GOV.PH

THE Court of Tax Appeals (CTA) has partially granted DMCI Holdings, Inc.’s petition against the Bureau of Internal Revenue’s (BIR) 2016 tax assessment, reducing the company’s originally disputed P199.28-million liability while upholding certain withholding and documentary stamp taxes.

The 73-page decision of the CTA Third Division, promulgated on Nov. 4 and penned by Associate Justice Marian Ivy F. Reyes-Fajardo, canceled DMCI’s deficiency income tax and compromise penalties for taxable year (TY) 2016, citing lack of legal and factual basis.

At the same time, it confirmed the company’s obligations for final withholding tax (FWT), expanded withholding tax (EWT), fringe benefit tax (FBT), and documentary stamp tax (DST), with modifications.

The court found that the BIR had ignored DMCI Holdings’ net operating loss of P51.72 million for 2016 and partially over-assessed undeclared income and unnecessary expenses. As a result, the company’s total tax liability was reduced to P145.53 million, inclusive of basic taxes, surcharges, and deficiency interest.

DMCI, a publicly listed holding firm with interests in construction, real estate, mining, and utilities, is ordered to pay P137.85 million for FWT, P1.71 million for EWT, P2.91 million for FBT, and P3.05 million for DST, in addition to 12% annual delinquency interest on the outstanding amount starting May 1, 2021 until full payment.

The CTA said the ruling strikes a balance between the taxpayer’s right to due process and the BIR’s mandate to collect revenue under the National Internal Revenue Code. — Erika Mae P. Sinaking

P15.8-M smuggled cigarettes seized in Zamboanga City

REUTERS

COTABATO CITY — Combined personnel of different police units in region 9 seized P15.8 million worth of cigarettes in a seaborne anti-smuggling operation a few miles off Manalipa Island in Zamboanga City on Friday night.

Brig. Gen. Eleazar P. Matta, director of the Police Regional Office-9 (PRO-9), told reporters on Sunday, that 226 large boxes of cigarettes from Indonesia seized during the operation are now in their custody, to be turned over to the Bureau of Customs for its proper disposition.

A wooden boat, carrying the boxes, was headed to buyers in Manalipa Island and in beachfront areas in Zamboanga City when it was intercepted by combined personnel of the Zamboanga City Maritime Police, the Criminal Investigation and Detection Group, the Regional Intelligence Division of PRO-9 and other units under Mr. Matta’s control.

“We are thankful to the tipsters who provided information about the supposed delivery of the smuggled cigarettes to certain areas under our jurisdiction,” Mr. Matta said.

Besides the P15.8 million worth cigarettes, the composite police team involved in the operation also found in the cabin of the boat’s captain two unlicensed caliber .30 M1 Garand rifles.

Mr. Matta said the crew of the impounded boat, immediately towed to a seaside police detachment, are now detained, undergoing procedural interrogation.

They have reportedly assured police investigators to identify the traders behind the foiled smuggling attempt. — John Felix M. Unson

Senator urges DPWH corruption investigators to probe more agencies

Senator Paolo Benigno Aquino IV

By Justine Irish D. Tabile, Reporter

THE investigation into corruption in the Department of Public Works and Highways (DPWH) needs to be expanded to make all agencies accountable, Senator Paolo Benigno Aquino IV said.

Speaking at the 6th Management Association of the Philippines (MAP) NextGen Conference, the senator said the probe cannot stop with the DPWH.

“As we speak, many agencies are also being uncovered. I haven’t attended a business forum where people weren’t complaining about the Bureau of Internal Revenue (BIR) and Bureau of Customs (BoC), to be honest,” he said.

“We have make sure that this push for governance at the DPWH (is widened) — we need to see this all throughout,” he added.

He said there are no current efforts within the government to look into other agencies.

“A number of business groups have come to me about these issues. I think what we need to see is after the current investigations are resolved, or while they are getting resolved, we should move to other agencies,” he said.

“Right now, nasa infrastructure tayo e, pero huwag natin sayangin ‘yong momentum na habulin talaga natin lahat (we are looking into infrastructure, but we can’t waste the momentum that has built up and let us go after everyone),” he added.

“To be fair, it was the president who started the whole flood control investigation. I am hoping that hindi natin ito pakakawalan at talagang itutuloy-tuloy natin hanggang makakita tayo ng mas maayos na pamamahala (I am hoping that we don’t let up and see things through until we achieve better governance),” he added.

MAP President Alfredo S. Panlilio said the BIR and BoC issues have been there for manyyears.

“It is systemic … so it cannot just be one portion of the government. If possible, the entire government (should be) automated. I know it is a big task, but you have to start somewhere,” he said, noting that a proof of concept is being tested for the DPWH.

“But we should do it to more (agencies),” he added.

He said the issue of corruption has affected gross domestic product, which grew 4% in the third quarter, the weakest reading in four years.

“At the end of the day, I think it is really because of confidence and credibility. And when you talk about GDP, it is way below the target … so that’s very concerning,” he said.

He said the growth levers for GDP are government spending, consumption, and investment.

“Now that the government is sort of making sure (spending) slows down, obviously, because it wants to make sure that spending is correct and goes to the right projects,” he said.

“Consumption is going to be down … and the third lever is investment, so you see a lot of these things about the stock market being weak that really stem from, again, confidence and the credibility of our country,” he added.

He said this demonstrated the need to change how the country does things.

“That takes time. We might have to feel a bit of pain. You don’t want to say let’s spend again because it’s going to affect GDP (if) the same things happen again,” he said.

“So, I think there has to be a major change in how we do things. In a way, we have lost our moral compass as a country … and I think we need to redirect ourselves to the right path,” he added.

Mr. Aquino said putting transactions and documents online will be a deterrent to corruption.

“If we’re able to put out those documents from the beginning, and we have technology that automatically tracks price fluctuations or price variances for everybody to see, I think it will be a blow against corruption,” he said.

“So we need to put in these systems. If not, babalik at babalik lang tayo sa mga ganito (we will revert to the same predicament),” he added.

He said the fraudulent projects thrive because th documentation isn’t transparent.

“With your support and with the support of the public, we’ll be able… have (the documents) out in the public, and have everybody watching at the same time how the government uses the people’s money,” he added.

Noche Buena 2025 price guide shows price hikes for 95 items

PHILSTAR FILE PHOTO

THE Department of Trade and Industry (DTI) released its price guide for items typically consumed during the traditional Christmas feast, which reflected increases for 95 food items.

“Of the 256 holiday food items across 14 categories, 129 retained their prices, while 95 posted minimal increases due to higher costs of ingredients, packaging, and labor,” the DT said in a statement accompanying the 2025 Noche Buena price guide.

The price guide lists suggested retail prices for supermarkets and groceries and will be in effect until Dec. 31.

Prices rose for some ham products in the guide, but most prices were maintained, the DTI said.

Prices of two stock-keeping units (SKUs) of fruit cocktail held steady, while prices were adjusted for five others.

Meanwhile, prices held steady for only one of the 12 spaghetti sauce items, while two of the 15 tomato sauce SKUs were also maintained.

This year, the list included new items such as nata de coco and kaong, which the department said reflects the growing demand for dessert ingredients.

“Meanwhile, DTI also secured price rollbacks on six items after consultations with manufacturers,” it added.

These include 500-gram CDO American Style Ham, which saw a four-peso rollback to P170; 800-gram and 1-kilogram King Sue Piña Ham, which had a P7 and P6 price decrease to P520 and P637, respectively; and 800-gram King Sue Sweet, which is one peso cheaper at P449.

The price of 500-gram Danes Queso de Bola, a type of Edam cheese, saw a P10 rollback to P300, while 500-gram Sunshine Sweet Style Spaghetti Sauce had a P3.5 decrease to P48.50.

“With these adjustments, four ham products reverted to their 2024 prices, while select queso de bola and spaghetti sauce will now be sold at prices even lower than last year,” DTI said.

Trade Secretary Ma. Cristina A. Roque said the DTI “continues to carry out the President’s call to keep basic necessities and price commodities and holiday goods within reach of families.” – Justine Irish DP Table

Philexport calls for more export promotion funding

The national government should allocate more funds to export promotion and micro, small, and medium enterprise (MSME) development, the Philippine Exporters Confederation, Inc. (Philexport) said.

In a statement sent over the weekend, Philexport President Sergio R. Ortiz-Luis Jr. urged the Marcos government not to reduce public spending in the wake of the corruption issues around flood control projects.

Instead, he said that the government should “allocate more funds where they are badly needed, like export promotion and MSME development—two key sectors that can help revive the country’s slowing economy.”

He described the cutting down on government spending as “unwise,” noting that the money spent on flood control projects did not go where it was intended for.

“The government spending that was cut was probably the ones that were lost to floods anyway, so they don’t really go to the economy,” he said.

“We are hoping that [much] of this budget that was lost may go to… export as an investment—because we have not been investing in export—and to the SMEs,” he added. Justine Irish D.  Tabile

Meralco readying bid for nuclear power license

MERALCO.COM.PH

MANILA ELECTRIC CO. (Meralco) said it is preparing to apply for a license to operate nuclear power facilities in time for the opening up of the application process  next year.

“We’ve been very aggressive on this, (but) we have to comply with the timeline set by the Department of Energy,” Meralco Executive Vice-President and Chief Operating Officer Ronnie L. Aperocho told reporters late last month.

Energy Secretary Sharon S. Garin has said that applications will be opened up for nuclear energy projects by 2026, overseen by the Philippine Atomic Energy Regulatory Authority (PhilATOM).

Under Republic Act No. 12305, or the Philippine National Nuclear Energy Safety Act, PhilATOM will have sole jurisdiction over the regulation of nuclear energy and radiation sources.

The Philippines is hoping to integrate nuclear energy into the power mix with at least 1,200 megawatts (MW) of capacity by 2032, increasing to 2,400 MW by 2045 and 4,800 MW by 2050.

Ms. Garin has said that several companies have expressed interest in submitting nuclear energy project proposals.

Meralco is looking at small modular reactors (SMRs) when it enters the market.

SMRs, each capable of generating up to 300 MW, can be constructed more quickly than traditional nuclear power plants.

Mr. Aperocho said that Meralco is awaiting details of the incentives and the liability profile for proponents, which will influence funding  available for nuclear.

The company is expecting a $2.7-million grant from the US Trade and Development Agency to fund a feasibility study on SMRs.

“Both sides have fulfilled the required conditions. It’s just a matter of formality now…we’re hoping it gets sorted out soon so the grant can start running,” Mr. Aperocho said.

Meralco’s controlling stakeholder, Beacon Electric Asset Holdings, Inc., is partly owned by PLDT Inc. Hastings Holdings, Inc., a unit of PLDT Beneficial Trust Fund subsidiary MediaQuest Holdings, Inc., has an interest in BusinessWorld through the Philippine Star Group, which it controls. — Sheldeen Joy Talavera

Farmers prefer 35% rice tariff to flexible rate

REUTERS

FARMER GROUPS said the government’s plan to implement a flexible rice tariff next year is no substitute for restoring the tariff to its original 35%.

“Dapat ibalik at ipirmi ang ang taripa sa imported na bigas sa 35% o mas mataas pa. Kung seryoso ang gobyerno sa food security, dapat suportahan ang lokal na produksyon at hindi ang mga importer (The tariff on imported rice should be fixed at 35% or higher. If the government is serious about food security, it should support local production, not importers.),” Kilusang Magbubukid ng Pilipinas Secretary-General Ronnie Manalo was quoted as saying in a statement.

The 35% tariff on rice imports was the rate originally set on Southeast Asian grain when the Rice Tariffication Law of 2019 came into force. It has since been reduced to 15% in June 2024 as an inflation-containment measure.

President Ferdinand R. Marcos Jr. signed Executive Order (EO) No. 105 Friday, which modifies the rates of import duty on rice and establishes an Inter-Agency Group to oversee its implementation.

Starting Jan. 1, Most Favored Nation (MFN) rice tariffs will be adjusted based on global rice prices. The duty will increase by 5 percentage points (ppts) for every 5% drop in the international rice price or decrease 5 ppts for every 5% rise. The MFN tariff cannot fall below 15% or exceed 35%.

Under EO 105, the 15% base tariff will be maintained when imports resume in January, while the newly created Inter-Agency Group on Rice Tariff Adjustment will set the guidelines for future tariff changes.

Last week, the Economy and Development (ED) Council approved the recommendation of the Tariff and Related Matters Committee to adopt the flexible rice tariff adjustment system.

“The starting point should be to first restore the 35% tariff rate. Why would a 15% tariff be the benchmark?” Jayson H. Cainglet, executive director of the Samahang Industriya ng Agrikultura (SINAG), told BusinessWorld via Viber.

In a statement, SINAG also said the decision to implement a 15% base tariff rate disregards “both the sharp decline in global prices and the plight of local producers.”

Hindi ba nahihiya ang (Department of Economy, Planning, and Development) na hanggang ngayon ay nasa emergency situation pa rin ang rice sector ng bansa, despite the drop in global rice prices by 50% (Isn’t DEPDev ashamed that the rice industry is still on an emergency footing despite the decline in global prices?),” Mr. Cainglet said.

He noted that global rice prices are down to around $330 per metric ton, from around $680 when the EO 62 was issued resetting the tariff to 15%.

Farmers also expressed wariness about the global price peg.

Raul Q. Montemayor, national manager of the Federation of Free Farmers, told BusinessWorld via Viber that tariff setting should not be “a simple mathematical exercise of mirroring international price movements.”

“If they use current international prices and prices do not move, then they will not adjust tariffs even if imports come in very cheap in unlimited volumes. The basis for adjustment should not only be international prices, but more importantly, the movements of local rice and palay prices,” he said.

Mr. Montemayor added that, given the lengthy process of tariff setting, he doubts whether the adjustments can react promptly to price movements, particularly for palay (unmilled rice) with a short three-month harvest period.

Danilo V. Fausto, president of the Philippine Chamber of Agriculture and Food, Inc., added: “International prices change every day. Our experience is that our reaction takes time, and the effect of policy changes becomes irrelevant and sometimes very damaging, especially to the farm producers,” he told BusinessWorld via Viber.

Mr. Fausto also said that anticipation of tariff shifts could encourage speculative behavior. “Implementing a flexible tariff adjustment might invite hoarding and technical smuggling, maximizing traders’ profits as they anticipate government moves,” he said. — Vonn Andrei E. Villamiel

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