House Speaker Martin Romualdez on Sunday proposed the creation of a mega task force to run after market manipulators to bring down the price tags of
House Speaker Martin Romualdez on Sunday proposed the creation of a mega task force to run after market manipulators to bring down the price tags of rice.
The task force should have the power to conduct inventories, check on compliance with tax laws and rules, inspect warehouses, and to immediately padlock any erring business establishment. It is also expected to submit a monthly report to Congress as part of its oversight functions. “We will not allow this exploitation to continue. The House of Representatives will dismantle this cartel, ensure accountability, and protect both consumers and our farmers,” Romualdez added.
Salceda, an economist, emphasized that rice prices should already stabilize at P35 per kilo, following the significant drop in the landed cost of imported rice, now averaging P33.95 per kilo.
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