Price cap sa bigas, inalis na ni PBBM | Saksi - video Dailymotion

GMA Integrated News

Saksi is GMA Network's late-night newscast hosted by Arnold Clavio and Pia Arcangel. It airs Mondays to Fridays at 11:00 PM (PHL Time) on GMA-7. For more videos from Saksi, visit http://www.gmanews.tv/saksi.  News updates on COVID-19 (coronavirus disease 2019) and the COVID-19 vaccine: https://www.gmanetwork.com/news/covid-19/  #Nakatutok24Oras  Breaking news and stories from the Philippines and abroad: GMA News and Public Affairs Portal: http://www.gmanews.tv Facebook: http://www.facebook.com/gmanews  Twitter: http://www.twitter.com/gmanews Instagram: http://www.instagram.com/gmanews  GMA Network Kapuso programs on GMA Pinoy TV: https://gmapinoytv.com/subscribe

Transcript

00:00 President Bongbong Marcos has now removed the price cap imposed on regular milled and well-milled rice.

00:07 He also removed the company responsible for rice smuggling.

00:11 Witnesses are Cedric Castillo and Ian Cruz.

00:14 In the division of the smuggled rice in the 1,004 piece beneficiary in Taguig,

00:23 President Bongbong Marcos has removed the claims against the importation of rice to the country.

00:29 San Pedro Warehouse, Blue Sakura Agri-Grain Corporation, FS Ostia Rice Mill, Gold Rush Rice Mill

00:38 are currently facing a series of cases because of their actions.

00:45 They are also with the rice warehouses that were raided this August

00:49 and will face the complaints of violation of the Customs Modernization and Tariff Act,

00:54 Rice Tarification Law and Anti-Agricultural Smuggling Act of 2016.

00:59 You smugglers, you hoarders and syndicates, stop your evil deeds.

01:05 We called but San Pedro Warehouse, which also owns Blue Sakura Agri-Grain Corporation, did not answer.

01:13 We talked to FS Ostia Rice Mill but there was no clear statement

01:18 while they did not want to give a statement of Gold Rush Rice Mill to our contact.

01:23 The President also removed the price cap on rice because the price is already falling

01:28 and the supply will be enough this August.

01:31 The camera will also help to bring the rice to the people in need.

01:37 If supply is the basis, the Department of Agriculture is confident that there is no reason to increase the price of rice.

01:46 But there is still a demand, especially now that Christmas is coming.

01:51 We are going to the holiday season.

01:54 We always expect that the price will increase.

01:58 Our local production is high for October and same rate for November and for the rest of the year.

02:09 We can complement that again with imports.

02:11 This is now seen by a group of farmers.

02:15 The decision to revert the price cap on rice is also the same.

02:19 The cap really helped because we saw in the world market that the price of rice is falling.

02:29 The harvest of the Philippines is also increasing and they know that their rice is in demand.

02:39 For GMA Integrated News, I am Cedric Castillo and Ian Cruz, your witness.

02:45 Kapusos, let's be witnesses.

02:48 Subscribe to GMA Integrated News on YouTube.

02:51 For Kapusos Abroad, join us on GMA Pinoy TV and www.gmanews.tv.

02:58 [Music]

Price cap sa bigas, inalis na ni PBBM | Saksi

Category

Transcript

Recommended