MB member pushes rice industry reformshome/Business/Top Business/MB member pushes rice industry reformsThe government should continue to implement reforms and invest in the rice industry to keep prices of the staple low, a Monetary Board member said. Speaking at the Bangko Sentral ng Pilipinas on Wednesday, Monetary Board member Victor Bruce Tolentino — former deputy chief of the International Rice Research Institute — noted that inflation pressures coming mostly from rice prices had gone down. “The big things — food prices and rice prices — the pressure is off right now,” he told reporters. A bicameral committee last week approved the consolidated version of Senate Bill 1998 and House Bill 7735 or the Rice Tariffication Bill. “Through rice tariffication, we will be able to bring in more rice.

Source: Manila Times November 28, 2018 16:30 UTC