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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Australia China India Indonesia Japan Malaysia Philippines Thailand Vietnam Search Search: Philippines leader vows 'no more rice crisis' in 2009 AFP - 2 hours 7 minutes ago BINALONAN, Philippines, Dec 26, 2008 (AFP) - Well-stocked inventories would ensure adequate rice supplies in 2009, with no repeat of the crisis that struck the Philippines earlier this year, President Gloria Arroyo said Friday. Manila was the world's largest importer of rice this year, when a dramatic spike in global cereal prices forced the government to boost food subsidies to ensure the poor did not go hungry. "We expect to avoid a rice crisis in the coming year," Arroyo told residents during a visit to the northern town of Binalonan, where she inspected a government grains silo. She said expanded buying by the government to build up the monopoly state rice importer National Food Authority's inventory, as well as increased government spending on irrigation projects and other farm infrastructure would boost the country's rice stocks. A study released by the Asian Development Bank last week said the Philippines' 3.6 billion-dollar rice subsidy programme ate up resources equivalent to 2.5 percent of the country's gross domestic product. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Asia Pacific Some department stores reporting higher—than—expected takingsChannel NewsAsia - 1 hour 5 minutes ago Police: 10 injured in train accident in BangladeshAP - 1 hour 9 minutes ago Wild Oats XI, Skandia early leaders in Sydney Hobart raceAFP - 1 hour 43 minutes ago CORRECTED - CORRECTED-GLOBAL MARKETS-Nikkei hits 6-wk high as risk appetiteReuters - 1 hour 47 minutes ago Ex-Cambodian king fighting cancerAP - 2 hours 1 minute ago Most Popular – Asia Pacific Viewed US sees no holiday cheer; Russia, China warn of grim 2009 Actress Jennifer Aniston appears naked in GQ magazine Australian 'mummy smuggler' arrested in Cairo Funeral of Guinea strongman as junta tightens grip Weather outside frightful for US, Canada travelers View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

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