Given its complicated nature and effect on supply and demand, Senator Sherwin "Win" Gatchalian said on Saturday, Sept. 2 that the Palace-mandated price ceiling on rice should not be prolonged. "Kasi ang mangyayari diyan yung mga dealers o yung mga traders hindi magbebenta dahil ayaw nilang malugi...
Senator Grace Poe (Senate PRIB) The Palace-ordered price ceiling on rice should guarantee Filipinos' access to the staple grain. Thus, said Senator Grace Poe on Saturday, Sept. 2 even as she prodded President Ferdinand "Bongbong" Marcos Jr. to pursue...
(Ellson Quismorio/ MANILA BULLETIN) Rice shortages at the local level could become an offshoot of the Malacañang-imposed rice price ceiling, economist-solon Albay 2nd district Rep. Joey Salceda said on Saturday, Sept. 2. "Price ceilings can have...
A non-government organization composed of rice traders has expressed readiness to work with the government to provide consumers with affordable and quality rice after President Ferdinand “Bongbong” Marcos Jr.’s imposition of a price cap on rice. (Keith Bacongco/File Photo/MANILA BULLETIN) In...
President Ferdinand "Bongbong" Marcos Jr. (left,) Speaker Martin Romualdez (Speaker’s office) House Speaker Martin Romualdez gave a glimpse into the mindset of President Ferdinand "Bongbong" Marcos Jr. that explained why the latter implemented a price...
The chain of financial distress at the oil pumps will continue for Filipino consumers, as petroleum product prices are anticipated to rise again at the pumps by Tuesday (September 5), according to the oil companies. Based on the calculation of the industry players, diesel products will increase by...
AGRI Party-list Rep. Wilbert T. Lee (left) and President Ferdinand "Bongbong" Marcos Jr. (Rep.Lee's office, Speaker's office) The Palace-ordered price cap on rice--the Filipino staple food--could end up backfiring on consumers. Thus, said AGRI...
Some senators on Friday, September 1 find it unnecessary for the government to impose a price ceiling on rice as addressing rice cartel and hoarding should have been the primary move of the government to tame the skyrocketing prices of the basic food staple in the market. Senators...
House Speaker Martin Romualdez (center) inspects rice stocks inside a warehouse in Bulacan. (Speaker’s office) The price cap on rice is a "timely and necessary intervention" from President Ferdinand "Bongbong" Marcos Jr. Thus, said Speaker Martin...
President Ferdinand "Bongbong" Marcos Jr. has approved the recommendation to impose a mandated price ceiling on rice in the country amid the "alarming" increase in its retail prices. File photos Marcos made the order through Executive Order (EO) No. 39, signed by Executive Secretary Lucas Bersamin...
It will be another week of painful drive to petroleum stations this week as the price of diesel products will rise by P0.70 per liter; while gasoline prices will climb by P0.30 per liter, according to the price adjustment advisories of the oil companies. The industry players similarly advised that...
House Speaker Martin Romualdez (center) inspects a rice warehouse in Bulacan (Speaker’s office) House Speaker Martin Romualdez vowed to Filipino consumers on Sunday, Aug. 27 that the absurd onion price surge late last year won't happen to rice. ...
