News: Compliance with rice price ceiling still low

Tuesday, September 5, 2023

Compliance with rice price ceiling still low

September 6, 2023

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Compliance with rice price ceiling still low

Retail prices of rice in Metro Manila started to decline on Tuesday, the first day the price ceiling on the Filipino staple food took effect, according to a monitoring conducted by the Department of Agriculture (DA).

Locally produced regular-milled rice was selling from P41 to P52 a kilo, while local well-milled rice was being sold from P45 to P53. Imported regular-milled rice was priced at P43 a kilo, while imported well milled rice retailed at the mandated ceiling of P45.

By Dexter Cabalza, Jordeene B. Lagare and Inquirer Bureaus

Cyclist, ex-cop meet again in Senate

Allan Bandiola, the cyclist who caught the ire of an ex-cop in the viral road rage incident, appeared in public for the first time since that altercation on Aug. 8, recalling that episode before the Senate committee on public order and dangerous drugs on Tuesday. Dismissed policeman Wilfredo Gonzales also attended that hearing and apologized for his actions, but claimed he was also pro- voked by Bandiola.

By Marlon Ramos

ASSEMBLY OF LEADERS President Marcos (third from left) joins leaders of Southeast Asian and allied countries in a photo session at the opening ceremony of the Association of Southeast Asian Nations Summit in Jakarta, Indonesia, on Tuesday. The summit, hosted by the Indonesian government led by President Joko Widodo (seventh from left), is expected to tackle issues concerning tensions in the South China Sea and the crisis in Myanmar —REUTERS

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Hong Kong court OKs same-sex unions

HONG KONG—Hong Kong's top court has ruled in favor of same-sex partnerships, including civil unions, but stopped short of granting full marriage rights in a partial win for the city's LGBTQ+ community. In its ruling, the court declared that the Hong Kong government "is in violation of its positive obligation ... to establish an alternative framework for legal recognition of same-sex partnerships."

By AFP

OPINION

False promise of price controls

The solution is to mandate a large but temporary reduction in tariffs so that rice could be imported from overseas to stabilize local supply (whether the shortage is real or contrived). As for countries that have imposed export restrictions, history has shown that these populist moves on their part have always been short-lived as their rice farmers always push their governments to lift the bans in order for them to earn more.

By Editorial

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