Pinakamalalang kaso ng price manipulation sa sektor ng agrikultura, naitala sa ilalim ng Duterte administration ayon kay Rep. Salceda

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Pinakamalalang kaso ng price manipulation sa sektor ng agrikultura, naitala sa ilalim ng Duterte administration ayon kay Rep. Salceda  For more news, visit:  ►https://www.ptvnews.ph/  Subscribe to our DailyMotion Channel: ►http://www.dailymotion.com/peoples-television-incorporated  Subscribe to our YouTube channel: ►http://www.youtube.com/ptvphilippines  Like our Facebook pages: ►PTV: http://facebook.com/PTVph  ►Rise and Shine Pilipinas: https://www.facebook.com/riseandshinepilipinas  Follow us on Twitter:  ►http://twitter.com/PTVph  Follow us on Instagram: ►https://www.instagram.com/ptvph  Watch our livestream on:  ►http://ptvnews.ph/livestream/ ►https://www.dailymotion.com/PTVPhilippines  Watch our News Programs, every Mondays to Fridays  Rise and Shine Pilipinas - 6:00 - 7:00 am | 7:30 - 8:00 am Balitang Pambansa - 7:00 - 7:30 am | 12:00 - 12:30 pm | 6:00 - 6:30pm | 9:30 - 10:00 pm PTV Sports - 8:00 - 9:00 am Bagong Pilipinas Ngayon - 12:30 - 1:00 pm Sentro Balita - 1:00 pm - 2:00 pm Ulat Bayan - 6:30 pm - 7:00 pm PTV News Tonight -  10:00 pm - 10:30 pm  Saturday & Sunday: ►Sentro Balita Weekend - 1:30 - 2:00 pm ►Ulat Bayan Weekend - 6:15 pm - 7:00 pm

Transcript

00:00The House Committee on Ways and Means Chair, Joey Salceda,

00:04denounced the most dangerous case of price manipulation in the agriculture sector

00:10that cost Php 1,000,000,000 in the Philippines

00:13happened under the Duterte administration.

00:17According to Congressman Salceda,

00:19the import permit of rice from 2016 to 2018

00:23led to an increase in the price of rice in 2018

00:28where buyers paid an additional Php 8 per kilo.

00:34Despite the law,

00:35this manipulation was allowed because of the strictness of the previous administration.

00:41According to him,

00:42a new super committee was initiated to investigate issues in food supply

00:48including the manipulation of price and smuggling

00:52with the aim of suppressing hunger and increasing food security.

00:57Salceda also requested documents from the National Food Authority

01:02and the Bureau of Customs

01:03regarding the importation of rice during the Duterte administration

01:08and warned that Sapina Powers will use it if necessary.

01:13Under the law,

01:14the economy lost Php 88.6 billion

01:20because of the manipulation

01:22and he said that the issue only worsened

01:24after the Rice Tarification Law was implemented in 2019.

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Transcript

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