Manila, Philippines – Former senators Leila de Lima and Bam Aquino unveiled their economic priorities ahead of the 2025 elections, focusing on farmers’ welfare and small business tax relief.
Key Proposals:
De Lima: Minimum price cap for palay at 50% of rice’s SRP to ensure farmers earn fairly.
De Lima: Calls for a review of the Rice Tariffication Law to address high rice prices.
Aquino: Pushes for tax relief for small businesses to help them grow and stay afloat.
Aquino: Advocates for low-interest loans for micro-entrepreneurs to create more jobs.
Why It Matters
Farmers struggle with low earnings, while rice prices remain high.
SMEs face heavy taxation, limiting their ability to expand and hire workers.