Open rice, corn businesses to foreigners, Philippine govt urged

MANILA (Philippine Daily Inquirer/Asia News Network): Barriers to foreign investments in the rice and corn sectors that were put up during the Martial Law era need to be lifted to encourage the levelling up of growing these crops as well as help in the development of allied industries that use these grains, according to the Foundation for Economic Freedom (FEF).

This developed as the national government announced that it wanted to spend twice as much on the National Rice Programme, pushing for P30.5 billion in the 2023 budget law from P15.8 billion this year.