PH ranked 2nd most unfriendly country to startup businesses

The Kilusang Magbubukid ng Pilipinas (KMP) today lambasted the Senate of the Philippines’ approval on third and final reading of the rice tariffication bill or Senate Bill 1998 that would impose tariffication on 35 to 50% tariff on rice imports in lieu of quantitative restrictions. “Next to China, the Philippines is now the world’s top 2 rice importer. Rice tariffication is the end of local rice industry as we know it, unless we fight and take the power back into the hands of farmers and food producers.”