Malacañang says price cap on rice effective Tuesday, Sept. 5

  MANILA, Philippines --- The Office of the Executive Secretary (OES) clarified late Friday night that the price ceiling for regular and well-milled rice in the country will be effective on Tuesday, September 5. Under Executive Order (EO) No. 39, which was mandated on Friday, the price ceilings of regular-milled rice and well-milled rice will be at P41 and P45 per kilogram, respectively. OES undersecretary Leonardo Cervantes added that EO No. 39 will be effective upon its publication in national newspapers. According to Malacaang, E0 39 was declared in response to the increasing prices of rice caused by several factors such as illegal price manipulation, as well ...Keep on reading: Malacañang says price cap on rice effective Tuesday, Sept. 5

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