EO para sa mas mababang taripa sa ilang produkto ng South Korea, nilagdaan ni PBBM
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NewsTranscript
00:00The production of products from South Korea is expected to increase because of the lower prices that will be imposed on these products.
00:08Meanwhile, the National Food Authority said that there is sufficient supply of rice during this time of calamity.
00:15This was reported by Floyd Brent.
00:20The lower prices that will be imposed on their products from South Korea.
00:24The list of products included in the Free Trade Agreement of the Philippines and South Korea is in Executive Order No. 80
00:31that was added by President Ferdinand R. Marcos Jr.
00:35It is based on the Philippine-South Korea Free Trade Agreement that was formed during the ASEAN Summit in Indonesia in 2023.
00:44Meanwhile, the National Food Authority or NFA said that they are ready to export rice during this time of calamity and emergency.
00:51The NFA announced this in the middle of the volcano eruption and heavy rains in many parts of the country.
00:58According to the NFA, the NFA has sufficient supply because of the strong strategy in buying rice.
01:07The government recorded a record high in non-tax revenues this year, 2024.
01:13According to the Department of Finance, the non-tax revenues reached P555.30 billion in the last part of November.
01:21This is 45.6% higher than the same period last year.
01:26Meanwhile, it is expected to increase to more than P600 billion at the end of the year.
01:33Floyd Brents for Pambansang TV in Bagong, Philippines.