date:Jul 08, 2014
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The Philippine economy could probably gain by allowing more rice imports, freeing up national resources to be directed towards other things, said Edward Teather, a Singapore-based senior economist at UBS AG. The current policy doesnt have an efficient outcome when the government is spending resources on a subsidy and yet the average Filipino is still paying relatively high prices, he said.
Imports Needed
The Philippines, the largest importer of rice in Southeast Asia and the biggest buyer i