The issuance of Executive Order (EO) No. 39, which sets price ceilings on rice nationwide, will not only reduce rice prices in the market but will also penalize and discourage hoarding, according to the National Economic and Development Authority (NEDA).
A few days before the effectivity of the price ceilings on rice nationwide, the Department of Trade and Industry (DTI) will mobilize its price monitors and will work closely with the Department of Agriculture, other national agencies, and the local chief executives to activate their Local Price Coordinating Councils to effectively implement the mandated price caps on rice.
The Office of the Executive Secretary clarified on Friday that Executive Order (EO) No. 39, which sets a price ceiling on regular and well-milled rice in the whole country, will take effect on September 5, Tuesday.
President Ferdinand R. Marcos Jr. on Friday vowed to continue defending the country’s territory particularly after China released the 2023 version of its map featuring a new 10-dash line that defines its boundaries in the West Philippine Sea.
President Ferdinand R. Marcos Jr. has approved the recommendation to impose mandated price ceilings on rice in the whole country to ensure reasonably priced and conveniently accessible staple food to Filipinos amid the alarming increase in its retail prices in the market.
President Ferdinand R. Marcos Jr. conferred the Order of National Scientists (ONS) and the Presidential Medal of Merit to two officials while calling on government agencies to dedicate more support for research and development in the area of health, science and technology, among others.
