Marcos orders more warehouse raids to curb hoarding

The Manila Times

Marcos orders more warehouse raids to curb hoarding  Malacañang press briefer Daphne Paez holds a media conference with Customs Commissioner Bienvenido Rubio and Director Verne Enciso on in Malacanang on Tuesday, Aug. 29, 2023. The two officials said that President Ferdinand Marcos Jr. has ordered more warehouse raids to address the problem of hoarding following three that were made in Balagtas, Bulacan, says Rubio.  VIDEO BY CATHERINE VALENTE  Subscribe to The Manila Times Channel - https://tmt.ph/YTSubscribe  Visit our website at https://www.manilatimes.net  Follow us: Facebook - https://tmt.ph/facebook Instagram - https://tmt.ph/instagram Twitter - https://tmt.ph/twitter DailyMotion - https://tmt.ph/dailymotion  Subscribe to our Digital Edition - https://tmt.ph/digital  Check out our Podcasts: Spotify - https://tmt.ph/spotify Apple Podcasts - https://tmt.ph/applepodcasts Amazon Music - https://tmt.ph/amazonmusic Deezer: https://tmt.ph/deezer Stitcher: https://tmt.ph/stitcher Tune In: https://tmt.ph/tunein  #TheManilaTimes #DailyNews #Marcos #Hoarding #Warehouse #Customs #Raid #Batangas #Bulacan

Transcript

00:00 In the recent service of a letter of authority, we served three letters of authority against

00:07 three warehouses reportedly utilized in storing imported rice located at the Inter-City Industrial

00:15 Complex, San Juan, Malagtas, Balucan.

00:19 The three warehouses that were subjected to the visitorial power of the Commissioner is

00:24 our Great Harvest Rice Mill Warehouse located at Inter-City Industrial Complex, San Juan,

00:30 Malagtas, Balucan, San Pedro Warehouse, Inter-City Industrial Complex, San Juan, Balagtas, Balucan,

00:37 and FS Rice Mill Warehouse, same location.

00:45 When the subject law was served, implemented, and some secret inventory were conducted,

00:52 the sacks of rice respectively found in the subject warehouses were imported from Vietnam,

00:57 Cambodia, and Thailand, with an initial estimated aggregate value of Php 505 million.

01:08 Twenty-five thousand estimated sacks of rice were found at Great Harvest Rice Mill, one

01:13 hundred sixty-seven thousand estimated sacks of rice found at San Pedro Warehouse, and

01:19 ten thousand estimated sacks of rice found at FS Rice Mill Warehouse.

01:27 Thereafter, the subject warehouses were sealed temporarily to secure the imported sacks of

01:33 rice found therein, pending the completion of the inventory by the assigned examiners,

01:39 which will continue on today, August 29.

01:45 It is being currently underguarded by personnels from the Bureau of Customs and the Philippine

01:53 Coast Guard.

01:57 The owners and operators of the warehouses were directed to submit proofs of payment

02:03 of duties and taxes due to the subject imported sacks of rice within fifteen days from the

02:09 implementation of the law or until September 8, 2023.

02:14 Pursuant to Section 224 of the Customs, Modernization, and Tariff Act.

02:19 Thank you.

02:28 [End of Audio]

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