Rice price cap may be lifted after harvest, Marcos hints

Nestor Corrales 09/24/2023

MANILA, Philippines — President Ferdinand Marcos Jr. on Saturday said the government could ease the price cap he imposed on rice once the cost in the market stabilizes, which he hopes would happen after the harvest season.…

‘We are not in a rice emergency,’ says DTI’s Pascual

Luisa Cabato 09/11/2023

MANILA, Philippines – “I think we are not in a rice emergency, so to speak.” Department of Trade and Industry (DTI) Secretary Alfredo Pascual assessed the rice situation, mentioning, “I don’t think the situation is getting worse,…

Cops to monitor defiant rice retailers in Central Visayas

Carla Gomez, Nestle Semilla 09/10/2023

CEBU CITY — Police officers in Central Visayas will monitor rice retailers in Cebu. Bohol, Negros Oriental, and Siquijor to ensure compliance with the price cap. Lt. Col. Gerard Ace Pelare, spokesperson of the Central Visayas police,…

DOF exec who posted about price cap effect ‘forced to resign’

Ronnel Domingo 09/08/2023

Finance Undersecretary Maria Cielo Magno, one of the Marcos administration’s champions for economic policy reforms, has been forced to vacate her post effective Sept. 16 and is returning to her teaching job at the University of the…

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