Tax & Spend
Philippines Plans $1.7 Billion Spending to Cut Farm Losses
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The Philippines, the world’s top importer of rice, plans to spend 93 billion pesos ($1.7 billion) to build more storage and other facilities to boost food production and cut prices.
The government will build facilities that will minimize post-harvest losses and lessen dependence on imports, the Department of Agriculture said in a statement on Tuesday. It aims to increase rice and corn inventory by 23 days.