NFA Coun­cil ap­proves DTI pro­posal to al­low big re­tail­ers to im­port rice

Watchmen Daily Journal - - Business -

Elec­trolux has been named In­dus­try Leader in the House­hold Durables cat­e­gory in the Dow Jones Sus­tain­abil­ity World In­dex (DJSI World). It is the twelfth con­sec­u­tive year that Elec­trolux re­ceives this recog­ni­tion in the as­sess­ment, which is pub­lished by Robe­coSAM.

“We’re hon­ored to once again have been rec­og­nized as in­dus­try lead­ers within sus­tain­abil­ity. Act­ing sus­tain­ably is part of our pur­pose – shape liv­ing for the bet­ter – and re­flects on ev­ery­thing we do and in our ef­forts to em­power con­sumers to live more en­joy­ably and sus­tain­ably,” said Hen­rik Sund­ström, Head of Sus­tain­abil­ity Af­fairs at Elec­trolux. “This year, the as­sess­ment re­sults of Elec­trolux show the width of our sus­tain­abil­ity prom­ises. In all di­men­sions - eco­nomic, en­vi­ron­men­tal and so­cial, Elec­trolux ob­tains a lead­er­ship po­si­tion in our in­dus­try."

The Dow Jones Sus­tain­abil­ity In­dices en­able in­vestors to in­te­grate sus­tain­abil­ity con­sid­er­a­tions into their port­fo­lios. At the same time, they pro­vide an ef­fec­tive en­gage­ment plat­form to en­cour­age com­pa­nies to adopt sus­tain­able best prac­tices. For more in­for­ma­tion, visit: www.sus­tain­abil­i­tyindices.com.

Here in the Philip­pines, Elec­trolux of­fers a com­plete range of ap­pli­ances that in­clude wash­ing ma­chines and dry­ers, re­frig­er­a­tors and ovens, vac­uum clean­ers, and air con­di­tion­ers.

Pro­mot­ing sus­tain­abil­ity in homes con­tin­ues to be a pri­or­ity for the com­pany, in line with its new mis­sion of shap­ing liv­ing for the bet­ter. Elec­trolux ap­pli­ances are de­signed with green liv­ing in mind, in­cor­po­rat­ing a num­ber of en­vi­ron­men­tal­friendly fea­tures. These in­clude in­verter tech­nol­ogy that leads to en­ergy sav­ings in its wash­ing ma­chines, re­frig­er­a­tors and air-con­di­tion­ers, and fil­ters that re­move dust and al­ler­gens in its vac­uum clean­ers and air­con­di­tioner.

“We are very proud to once again be named the in­dus­try leader in sus­tain­abil­ity when it comes to house­hold ap­pli­ances. We be­lieve that as a man­u­fac­turer of ap­pli­ances that have be­come sta­ples in many Filipino homes, we play an im­por­tant part in rais­ing aware­ness for and pro­mot­ing eco-friendly liv­ing. Through our cam­paigns, prod­ucts and so­lu­tions, we hope to cre­ate more sus­tain­able Filipino homes – homes that are more en­ergy ef­fi­cient, that have cleaner air and less waste­ful kitchens,” said An­drea Soto-Pion­illa, Coun­try Mar­ket­ing Man­ager of Elec­trolux Philip­pines.

The pol­icy‐se'ng Na onal Food Author­ity (NFA) Coun­cil has ap­proved the pro­posal of the Depart­ment of Trade and In­dus­try (DTI) to al­low big re­tail­ers to im­port rice, but also s pu­lated that the rice should be sold at a price set by the gov­ern­ment.

“Pur­suant to the Ad­min­is­tra ve Or­der No. 13 of the Pres­i­dent, the DTI made a pro­posal to the NFA Coun­cil to al­low the im­porta on of rice by re­tail­ers or by im­porters who are ca­pa­ble also of sell­ing this by re­tail­ing,” Trade Un­der­sec­re­tary for Con­sumer Protec on Ruth Castelo told re­porters on the side­lines of a fo­rum in Pasay City yes­ter­day.

“The pro­posal was submi!ed yes­ter­day [Mon­day] and was ap­proved by the NFA Coun­cil. To­day [Tues­day], we are submi'ng with them the im­porta on guide­lines as soon as we get ap­proval, we can be­gin the process to­mor­row [Wed­nes­day]," Castelo said.

Se­lected re­tail­ers can im­port a to­tal of 350,000 met­ric tons of rice, but they should sell it at P38 per kilo.

“The NFA Coun­cil al­lowed the im­porta on of 350,000 met­ric tons, the per­mit to be given to im­porters and traders who have the ca­pac­ity to do re­tail but the condi on is rice should be sold at P38 per kilo,” the DTI of­fi­cial said.

“Ang idea namin dito ‘yung SM, Robin­sons... ‘yung malalaki na kaya mag‐re­tail at may doc­u­menta on kaya pwede i‐au­dit any me kasi meron silang papel hindi nila madi‐di­vert ‘yung bi­gas,” Castelo said.

Al­low­ing re­tail­ers to im­port com­mer­cial rice will even­tu­ally sta­bi­lize prices.

“This will send sig­nals na kayang gawin ng gob­y­erno para ma­pababa ang presyo,” Castelo said.

The DTI is also urg­ing the Sugar Reg­u­la­tory Com­mis­sion to al­low the im­porta on of sugar by re­tail­ers and end‐ users such as man­u­fac­tur­ers of can­dies and so~drinks.

Like­wise, re­tail­ers who will be al­lowed to im­port sug­ars should sell their stocks at a gov­ern­ment‐set price of P50 per kilo, ac­cord­ing to Castelo.

The coun­try is s ll reel­ing from a nine‐year high in­fla on rate of 6.7 per­cent in Septem­ber driven by higher prices of food items.

“We’re hop­ing to re­ally cre­ate an im­pact on in­fla on in the next two weeks or so,” Castelo said.

Ac­cord­ing to pres­i­den al spokesper­son Harry Roque Jr. yes­ter­day, Pres­i­dent Ro­drigo Duterte has or­dered the im­ple­menta on of un­lim­ited rice im­porta on.

Elec­trolux works to shape liv­ing for the bet­ter by putting sus­tain­abil­ity at the fore­front and in­te­grat­ing en­vi­ron­ment-friendly fea­tures in their prod­ucts.

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