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DOF: Rice tariff cut to cost Philippines ‘less than P10B’

By Inquirer - 6 months ago
MANILA, Philippines — The Department of Finance (DoF) said the government stands to lose “less than P10 billion” in revenues by further reducing tariff rates on rice temporarily—an amount that the agency said it was willing to forego just to tame inflation. While the projected revenue loss from lower rice import duties was still based

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