Teodoro warns crackdown vs price manipulators as the Philippines braces for La Niña

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May 19, 2024, 11:40 amDefense Secretary Gilberto Teodoro, Jr. has warned that authorities will go after hoarders and manipulators preying on consumers as the country transitions to the La Niña weather phenomenon.

During the task force meeting held at Camp Aguinaldo earlier this month, Teodoro said the Department of National Defense is ready to provide support to agencies involved in the price monitoring of basic necessities and prime commodities. “Access to affordable basic commodities such as rice is exceptionally crucial to millions of Filipino consumers. Any sudden fluctuation in the price of rice resonates in the daily lives of Filipinos,” Teodoro said.

 

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