00:00President Ferdinand R. Marcos, Jr. ordered Executive Order No. 62 to change the rate of import duty of various products.
00:09According to the EO, in order to implement the updated Comprehensive Tariff Schedule,
00:15which will augment the supply, manage the price, and stop the inflationary pressure of their purchases,
00:23according to our national interest and the purpose of taking care of the purchasing power of Filipinos,
00:31on June 3, the NEDA Board endorsed the change in the rate of import duty for 2024 to 2028.
00:40One of the reviews is that the NEDA must submit to the President their findings and recommendations.
00:49That's all for now.
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