President Ferdinand Marcos Jr. on Thursday called for the immediate passage of a law imposing sanctions on agricultural economic sabotage.
It also punishes government officers or employees who are guilty of the crime with perpetual disqualification from holding public office, the loss of the right to vote and participate in any public election, and forfeiture of employment monetary and financial benefits. Meanwhile, Trade Secretary Alfredo Pascual said the government is considering lifting the price ceiling on rice soon.
At the meeting, the DTI will ask the President to “go by the provision of law.” Pascual said the Price Act has the guidelines on price cap setting. Pascual noted that the sudden spike in rice prices was highly speculative considering there was no shortage of supply.
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