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Marcos issues nationwide cap for rice amid reports of price manipulation

Widespread practice of alleged illegal price manipulation prompted President Ferdinand R. Marcos, Jr. to issue a nationwide cap for rice to ensure the food staple will remain affordable.  Citing the provision of Republic Act No. 7581 or the Price Act, the chief executive issued Executive Order (EO) No. 39 last Thursday imposing…

PBBM sets nationwide cap on rice price | Samuel P Medenilla

President Ferdinand R. Marcos Jr. imposed a nationwide cap on rice prices to ensure the food staple will remain affordable amid reports of widespread price manipulation and hoarding. Citing the provision of Republic Act No. 7581 or the Price Act, the Chief Executive issued Executive Order (EO) No. 39 on Thursday imposing…

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