The President’s controversial decision even led to the loss of a key “reformer” in the Department of Finance after former undersecretarySo, why did Marcos set it in the first place? Supposedly because ofAng justification naman kasi ni Presidente, under ideal market conditions, hindi talaga magwo-work yung price control. Pero sabi niya hindi naman talaga idealDiokno said that these so-called “market players who are misbehaving” are manipulating the price by hoarding the supply of rice.
The finance secretary said that these price caps could continue for about one month, or until around the start of October. “Near term is when the condition for the imposition of the price ceiling no longer exists.
Source: News Formal (newsformal.com)
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