00:00And for those who can't afford the price of rice,
00:04it is expected to become cheaper next year according to the Department of Agriculture.
00:10Before Christmas, the target is to get 100,000 doses of vaccine against African Swine Fever.
00:18Ivan Mairina has the story.
00:23If the price of rice is 52,000 now, it should be 48,000 by January.
00:29If the price of rice is 50,000 now, it should be 45,000 by January.
00:32The good news is that the price of rice will be cheaper next year according to the Department of Agriculture.
00:39It is because of the positive effect of Executive Order 62
00:42which lowers the price of imported rice from 15% to 35%.
00:47President Bongbong Marcos has a positive price of rice
00:51in the first sectoral meeting with the DA and DOF.
00:54He also stated that the inflation rate will be reduced by 2.5% this September.
00:59The price of rice will increase as Christmas approaches.
01:02It is still within the 2-4% target of the government.
01:05For the full year, we're looking at the total inflation rate to be about 3.4%, more or less.
01:11And the beauty about reducing inflation is that your GDP growth goes up
01:16and more jobs can be created, your borrowing cost goes down.
01:20Possibly, we can reduce interest rates further.
01:23The government's interest rate is lower now, but most of all,
01:27the interest rate will be lowered, for example, in the credit card of Juan de la Cruz.
01:33Along with the usual doubling of demand for pork during Christmas,
01:37the Department of Agriculture is also pursuing a vaccine for African swine fever.
01:4310,000 pigs have been vaccinated.
01:46I'm including the 600,000 doses of vaccine purchased at the end of the year.
01:51It's very important to roll out the ASF vaccine, especially to backyard farmers, livestock growers.
02:00If the pigs are confident in this vaccine, then they will start investing again in farms and our commercials.
02:15It will repopulate.
02:18Despite the upcoming Christmas, the Department of Finance promised that they have no reason
02:23to delay the return of boxes sent by OFWs.
02:27As for remittances from Filipinos abroad, it's expected that they won't be far from the current 55-to-1 exchange rate of Pesos versus Dollars.
02:37For Giamainte Greeting News, Ivan Meyrina, Katutok, 24 Hours.
02:47Katutok, 24 Hours.
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