PBBM Warns Traders Against Manipulating Rice Prices
Quezon city: President Ferdinand R. Marcos Jr. has issued a stern warning to traders against manipulating the prices of agricultural commodities, with a particular focus on rice. This warning was part of his 4th State of the Nation Address at the Batasang Pambansa complex, where he emphasized the administration’s commitment to dismantling smuggling operations and prosecuting offenders, labeling such actions as economic sabotage. According to Philippines News Agency, Marcos highlighted the recent enactment of Republic Act (RA) 12022, also known as the Anti-Agricultural Economic Sabotage Act, signed in September 2024. This law classifies activities such as smuggling, hoarding, profiteering, cartels,