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A broader look at today’s business n
Sunday, February 12, 2017 Vol. 12 No. 123
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Lifting of rice QR to worsen Filipino farmers’ lot
Releon8211 | Dreamstime.com
Uncertainties in transition
T
By Jasper Emmanuel Y. Arcalas
he lifting of the quantitative restriction (QR) on rice may aggravate the displacement of Filipino farmers, since they would be discouraged to plant the staple with the entry of cheaper rice, according to local experts.
Former Labor Undersecretary and dean of the University of the Philippines School of Labor and Industrial Relations Dr. Rene E. Ofreneo said the entry of imported cheap rice in the country might force rice farmers to shift to planting other crops. “The effect would not be immediate, but, the way I see it, there will be continuing labor erosion. You can imagine the displacement in the farming population. There
would be a need for adjustment,” Ofreneo told the BusinessMirror at the sidelines of a recent forum on QR on rice.
Shift
Ofreneo said even if rice farmers decide to shift to planting high-value crops (HVCs), such an alternative wouldn’t be an assurance that they would stay in the agriculture sector, as they could face problems in terms of planting technicalities.
“The shift from rice farming to HVC is not that easy. It will take time. How do you shift overnight, especially if your areas and systems are meant for planting rice [and not for other crops]?” Ofreneo said. “You have a lot to consider as a farmer: First, the water infrastructure; second, do you own the land; third, do you have the know-how [in farming HVCs] and use of related planting technolo-
gies; fourth, do you have the capital?” Ofreneo added. He said the government should have a comprehensive program that would help farmers in the post-QR regime should there really be an influx of imported rice in the country.
‘Slow-motion crisis’
“The agriculture [sector] has been sacrificed all along. The sector now Continued on A2
Study cites high business confidence, digital adoption among local SMEs
H
‘T
By Roderick L. Abad | Contributor
In the recent Future of Business survey, wherein the SME page owners on Facebook (FB) were asked about the current situation and their six-month outlook, the calculated score of their businessconfidence level rose from 64 to 66 between the periods of November
and December 2016. Of the total 1,334 respondents—918 and 416 in two respective months—20 percent of them are involved in international trade, or 3 percent higher than the global average of 17 percent. Continued on A2
PESO exchange rates n US 49.8880
Sentavio | Dreamstime.com
OMEGROWN small and medium enterprises (SMEs) engaged in international trade are more confident of their businesses than nontraders, and adoptive of today’s digital transformation, according to a recent study.
his is a time to connect more, not less. And the more connected small businesses are to their own economy and to the international economy, the more success and growth they can enjoy. The more we can understand those connections and how they can fuel economic growth, the better.” —Clair Deevy, head of economic growth initiatives for Asia Pacific at Facebook
n japan 0.4406 n UK 62.3849 n HK 6.4304 n CHINA 7.2643 n singapore 35.1374 n australia 38.0496 n EU 53.2006 n SAUDI arabia 13.3063
Source: BSP (10 February 2017 )