D.A., nagbabala sa mga negosyanteng lalabag sa Price Act

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Transcript

00:00The Agriculture Department is warning that they will punish the negotiators who do not comply with the Price Act.

00:08This is what Clayzel Pardil has to say.

00:12The Department of Agriculture is warning Secretary Francisco T. Laurel Jr.

00:18that the Price Act can be implemented that punishes those who manipulate the price.

00:23In front of this, the price of rice remains high in the markets

00:28despite the Executive Order that reduces the price of imported rice.

00:33It is also possible for the DA to recommend to President Ferdinand R. Marcos Jr.

00:38to lower the price ceiling if the price of the product is proven to be high.

00:43Based on the price monitoring of the DA,

00:46the price of rice in the markets ranges from P41 to P63.

00:51However, the price should only go up to P45

00:55if what some importers say is true that they are lowering the price to P38 per kilo of rice.

01:02In a consultation with the importers,

01:05Rice Retailers were accused of selling rice at a high price.

01:10Because of this, Secretary T. Laurel will urge the presidents of the largest markets in Metro Manila

01:17to find out the root of the problem.

01:19Random inspections will also be carried out in the markets to obtain price data

01:25and proper action will be taken to address the problem.

01:29The DA will warn that if the price of the main products is proven to be too high,

01:35the price manipulation, profiteering, and cartel will be punished.

01:41It is possible to face up to 15 years in prison

01:45and pay a fine of up to P2 million if the price act is proven to be low.

01:51Secretary T. Laurel Jr. assured that the issue will be solved

01:55and the DA will not let many Filipinos because of the cartel.

02:01Kalay Zalpardilla for Pambansang TV in Bagong, Philippines.

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