PRESIDENT Ferdinand Marcos Jr. will sign three new laws today — the Amendments to the Agricultural Tariffication Act, VAT Refund for Non-Resident Tourists, and Basic Education Mental Health and Well-Being Promotion Act.
The first tweaks some provisions of Republic Act 11203, also known as the Rice Tariffication Law, for the continued development of the Philippine Rice Industry. It particularly extends the implementation of the Rice Competitiveness Enhancement Fund (RCEF) and expands its funding to P30 billion to accommodate new initiatives such as soil health improvement, pest and disease management, establishment of solar-powered irrigation projects, and composting facilities.
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