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The Philippines' exports income had begun growing in the early 1970s due to an increased global demand for raw materials, including coconut and sugar, [1] [15] and the increase in global market prices for these commodities coincided with the declaration of martial law, allowing GDP growth to peak at nearly 9 percent in the years immediately ...
The economic history of the Philippines is shaped by its colonial past, evolving governance, and integration into the global economy. Prior to Spanish colonization in the 16th century, the islands had a flourishing economy centered around agriculture, fisheries, and trade with neighboring countries like China, Japan, and Southeast Asia.
The Philippines' National Food Authority (Filipino: Pambansang Pangasiwaan ng Pagkain, abbreviated as NFA), is an agency of the Philippine government under the Department of Agriculture responsible for ensuring the food security of the Philippines and the stability of supply and price of rice, the Philippines' staple grain.
In the same year, a royal decree ordered the minting of 50-, 20- and 10-centimo silver coins out of Latin American coins also according to Spanish standards (with 100 centimos containing 25.98 grams (0.916 oz) of 0.900 silver). The price of silver has since gone down and the first silver coins were minted in 1864.
As a result of the 1986 tax reform program, average tax effort rose to 13.1 percent during the Aquino administration (1986–1992) and to 16.2 percent during the Ramos administration (1993–1998). Revenue effort rose steadily until the next round of tax reforms. Tax effort increased from 10.7% in 1985 to 15.4% in 1992, then peaked at 17.0% in ...
The National Archives of the Philippines (Filipino: Pambansang Sinupan ng Pilipinas and abbreviated NAP) is an agency of the Republic of the Philippines mandated to collect, store, preserve and make available archival records of the Government and other primary sources pertaining to the history of the country.
In 1901, under the American colonial government, priority was given to the development of other agricultural products, such as rice and other basic commodities, as well as fishing, forestry, and mining. This new focus necessitated the establishment of the Insular Bureau of Agriculture.
Although prices may be higher than those in supermarkets, sari-sari stores offer convenient access to basic commodities, especially in rural areas where larger markets are scarce. [ 5 ] [ 1 ] In the Philippines, following the concept of tingi or retail, customers can buy 'units' of a product rather than a whole package, making it affordable to ...