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Manila Bulletin devider Business devider Trade & Industry devider Distribution of financial aid to rice retailers starts Saturday

Distribution of financial aid to rice retailers starts Saturday

Published Sep 8, 2023 10:32 am

At A Glance

  • The Department of Trade and Industry (DTI) said that an estimated 25,000 rice retailers in Metro Manila alone are being validated for a potential P15,000 immediate monetary assistance following the implementation of price ceilings on rice. 
  • DTI Assistant Secretary Agaton Uvero said Wednesday, Sept. 6, at the Laging Handa Public Briefing in Malacanang, that a P15,000 financial aid to each affected rice retailers will be given. 

The government will kick off the distribution of financial assistance on Saturday, Sept. 11 to qualified rice retailers in selected public markets in Metro Manila affected by the implementation of the price ceiling on rice products. 

Based on a media advisory, the distribution of the financial aid will be spearheaded by Trade and Industry Secretary Alfredo E. Pascual.

The first batch of financial aid beneficiaries are rice retailers at the Agora Market in San Juan City at 8 am in the morning to be followed by Maypajo Market in Caloocan City at 9:30.

Earlier, the DTI said that an estimated 25,000 rice retailers in Metro Manila alone are being validated for a potential P15,000 immediate monetary assistance following the implementation of price ceilings on rice. 

DTI Assistant Secretary Agaton Uvero said Wednesday, Sept. 6, at the Laging Handa Public Briefing in Malacanang, that a P15,000 financial aid to each affected rice retailers will be given.

“Sisikaping mabigyan lahat ng legitimate na retailers na naapektuhan ng presyong P45 at P41 (We will exert efforts to provide all legitimate retailers affected by the P45 and P41 price  caps),” said Uvero.

In addition, Uvero hinted of the urgency to grant the monetary assistance saying the government is targeting the start of distribution to affected retailers before end of this week. 

He said the Department of Social Welfare and Development (DSWD) is expected to complete the validation of the list of retailers to ensure they are legitimate and incurred losses in the past few days since the implementation of the price ceiling on Sept. 5. The validation by DSWD was also in coordination with the DTI, Department of Agriculture and local government units. 

Priority retailers are those in the public markets and LGU-registered. The DTI’s Bureau of Small Business division is also gathering information to include micro retailers that are not registered with LGUs. 

Aside from the financial assistance, other aids to Metro Manila retailers may also come in the form of one month free rental for the affected retailers. In other areas, affected rice retailers will be assisted with the help of the Department of Local and Interior Government and their respective LGUs. 

On the part of the DTI, the agency is also preparing interest-free loans to small businesses. Other assistance includes logistics support for rice deliveries in coordination with the Department of Agriculture and LGUs. 

The DTI has also an ongoing discussion with market masters and traders who can help access supply of rice to retailers. 

 

 

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