The National Economic and Development Authority (NEDA) said the government is considering the reduction of import tariffs for rice as a measure to address the significant increase in the price of the staple food. NEDA Secretary Arsenio M. Balisacan said he called for a review of the 35 percent...
The San Juan City local government on Tuesday, Sept. 5, inspected the prices of rice being sold in Agora Market as part of its efforts in ensuring the strict compliance of rice sellers and retailers with the national government's rice price ceiling order. Department of Agriculture (DA) Senior...
Ako Bicol Party-list Rep. Zaldy Co (Rep. Co's office) The House Committee on Appropriations is looking at unprogrammed funds in the 2023 General Appropriations Act (GAA) as a possible source of the P2-billion budget that Speaker Martin Romualdez wants to...
The Department of Finance (DOF) warned that keeping rice prices artificially low for a long time could have negative effects. Finance Secretary Benjamin E. Diokno said implementing price ceilings on rice could help control rising prices in the short term, but such intervention should only be...
(Ali Vicoy / Manila Bulletin File Photo) The Department of Social Welfare and Development (DSWD) said it is prepared to provide cash assistance to small rice retailers who may suffer losses as a result of the Malacanang-mandated rice price ceiling, which came into effect on Tuesday, Sept. 5....
Albay 2nd district Rep. Joey Salceda (Rep. Salceda's office) How about a "flexible" price cap on rice instead? Albay 2nd district Rep. Joey Salceda made this pitch to Malacañang in connection with his earlier concern that the rice price ceiling under...
(Ellson Quismorio/ File photo/ MANILA BULLETIN) House Deputy Speaker and Batangas 6th district Rep. Ralph Recto is proposing two actions that he says can help address a looming national "food crisis". Recto based his concerns on the sudden plunge in farm...
House Speaker Martin Romualdez (Speaker’s office) True to his word, House Speaker Martin Romualdez has directed the Committee on Appropriations to find ways to set aside P2 billion from the national budget this year in a bid to assist retailers affected...
While President Ferdinand "Bongbong" Marcos Jr. assured that the rice price cap is only temporary, he ordered the prompt release of aid to rice retailers affected by the price ceilings on rice. DSWD Secretary Rex Gatchalian (Ali Vocoy) Marcos told the Department of Social Welfare and Development...
President Ferdinand “Bongbong” Marcos Jr. on Monday, Sept. 4, assured rice retailers that the price cap imposed on rice will not last long and that the government is ready to help them shoulder the losses caused by his directive. President Ferdinand Marcos Jr. delivered his departure speech at...
President Ferdinand "Bongbong" Marcos Jr. has convened representatives from different government agencies to discuss the concerns on the upcoming enforcement of retail price ceilings on rice. President Ferdinand 'Bongbong' Marcos Jr. (RTVM Screenshot) Marcos presided over the meeting just...
Albay 1st district Rep. Edcel Lagman (Screenshot from Facebook) Rice retailers must be transparent with their inventory and purchase costs levels so that government may properly assist them when it comes their concerns on the Palace-ordered rice price...
