well-milled rice alongside premium rice varieties at her stall in Quezon City on Tuesday, as the new price caps for the staple grain went into effect. Norman Cruz
To date, the DTI and the DA are compiling a list of the affected rice traders and retailers who will receive the government’s assistance. Gatchalian also had a meeting Monday with Speaker Ferdinand Martin Romualdez, who vowed to raise P2 billion to help augment the SLP budget for the benefit of more small rice traders and retailers.
DTI Secretary Alfredo Pascual has ordered the creation of a special task force to ensure that the mandated price ceilings on rice are enforced. She also wanted to know if rice retailers would be held liable if they stop selling their rice inventory while they have not yet received the government assistance.
In the House, Rep. Erwin Tulfo of the ACT-CIS party-list group proposed a one-peso budget for the Bureau of Plant and Industry for “neglect of duty: because it failed to prevent hoarding and price manipulation of onions
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Marcos vows support to retailers affected by rice price ceilingPRESIDENT Ferdinand Marcos Jr., who is also the secretary of the Department of Agriculture (DA), said on Monday, September 4, 2023, that the price ceiling they set for rice is only...
Source: sunstaronline - 🏆 18. / 59 Read more »
[ANALYSIS] EO 39 makes no sense: Refuting the reasons for a price ceiling on riceYes, price controls may have been in fashion decades ago, as during the Marcos dictatorship, but they resulted in black markets, reduction in the quality of the price-controlled goods, and even more shortages
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Marcos blames smugglers, hoarders as sole reason for high rice pricesIn the meantime, affected rice retails may receive financial assistance from the government, covering the difference between the cost of rice and the price ceiling
Source: rapplerdotcom - 🏆 4. / 86 Read more »
DSWD to distribute P15,000 cash aid to small rice retailersTHE National Government, through the Department of Social Welfare and Development (DSWD), will distribute cash aid to small rice retailers who would be affected by the mandatory...
Source: sunstaronline - 🏆 18. / 59 Read more »
Cost of imported rice within price cap―BOC | Jasper Y. ArcalasTHE Bureau of Customs (BOC) expects imported-rice traders and retailers can comply with the state's mandated price ceiling as the landed cost of imported rice is well within the price cap ordered by President Ferdinand R. Marcos Jr. BOC Assistant Commissioner Vincent Philip C. Maronilla said the bureau is already…
Source: BusinessMirror - 🏆 19. / 59 Read more »
PBBM vows aid for rice retailers; off to Asean meet | Samuel P. MedenillaPRESIDENT Ferdinand R. Marcos Jr. said the government will tap the P6.4-billion sustainable livelihood program (SLP) fund of the Department of Social Welfare and Development (DSWD) to provide aid to small-scale rice retailers affected by the price ceiling under his Executive Order (EO) No. 39. In his speech before flying…
Source: BusinessMirror - 🏆 19. / 59 Read more »