Customs collects P5.9-B tariffs from rice imports

THE Bureau of Customs (BOC) has collected P5.9 billion in tariffs from 1.43 million metric tons of rice imported by private traders, the Department of Finance (DoF) said on Thursday, almost five months after Republic Act 11203 or the Rice Liberalization Act was signed into law.

A man buys half a sack of rice in a market in Quezon City. PHOTO BY RUY MARTINEZ