Philippine Congress to Investigate Supermarket Price Manipulation Amid High Rice Costs

Business News

Philippine Congress to Investigate Supermarket Price Manipulation Amid High Rice Costs
Price ManipulationRiceSupermarkets
  • 📰 BusinessMirror
  • ⏱ Reading Time:
  • 16 sec. here
  • 9 min. at publisher
  • 📊 Quality Score:
  • News: 34%
  • Publisher: 59%

The House of Representatives' Murang Pagkain Supercommittee is warning supermarkets and major rice retailers of an impending investigation into possible price manipulation and profiteering. The committee, led by Rep. Jose Clemente “Joey” Sarte Salceda, is concerned about supermarkets mislabeling imported rice as premium varieties, significantly inflating prices. Meanwhile, House leadership has pledged aggressive action against profiteers, hoarders, and smugglers to stabilize food prices and ensure affordable goods for Filipinos. Speaker Ferdinand Martin Romualdez vows to hold those responsible accountable for high prices despite recent tariff cuts and ample rice supply.

THE House of Representatives Murang Pagkain Supercommittee on Tuesday issued a stern warning to supermarkets and major rice retailers, indicating that the five-committee panel will soon investigate possible price manipulation and profiteering at the retail level.

Speaker Ferdinand Martin Romualdez vowed that Congress would take aggressive steps to stabilize food prices and ensure affordable basic goods for Filipinos. “Our aim is to bring food prices to reasonable levels. This is about ensuring affordable rice and quality food for every Filipino,” Romualdez said.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BusinessMirror /  🏆 19. in PH

Price Manipulation Rice Supermarkets Philippines Congress Food Prices Inflation

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Philippine House Super Committee Urges Accountability for Rice Price ManipulationPhilippine House Super Committee Urges Accountability for Rice Price ManipulationThe House super committee investigating rice price manipulation has directed its secretariat to determine if the Department of Justice and the Office of the Ombudsman have filed charges against implicated government officials. The committee, chaired by Joey Salda, seeks to address unresolved issues and ensure accountability for market abuses.
Read more »

Philippine President Expresses Concern Over Russian Submarine in West Philippine SeaPhilippine President Expresses Concern Over Russian Submarine in West Philippine SeaPresident Ferdinand Marcos Jr. has expressed worry over the detection of a Russian attack submarine in the West Philippine Sea (WPS). The submarine, UFA 490, was sighted 80 nautical miles west of Cape Calavite, with the Philippine Navy deploying assets to monitor and address the situation.
Read more »

Philippine Lawmaker Urges Congress to Pass Mental Health Services LawPhilippine Lawmaker Urges Congress to Pass Mental Health Services LawA lawmaker in the Philippines has urged Congress to pass legislation ensuring affordable mental health services for all Filipinos. Rep. Brian Raymund Yamsuan has introduced the House Bill 11086 to institutionalize PhilHealth's mental health benefits program, aiming for a unified and accessible package for all.
Read more »

Philippine Congress Members Fully Support President Marcos Jr.Philippine Congress Members Fully Support President Marcos Jr.Members of the House of Representatives in the Philippines have expressed full support for President Ferdinand Marcos Jr., vowing to protect the nation's sovereignty and thwart any attempts to destabilize the government. This commitment was highlighted in a manifesto presented by Speaker Martin Romualdez during a Christmas Fellowship in Malacañang.
Read more »

Philippine House Committee Postpones Hearing Amid VP Threat InvestigationPhilippine House Committee Postpones Hearing Amid VP Threat InvestigationThe House Committee on Good Government and Public Accountability has postponed its scheduled hearing regarding the budget use of the Office of the Vice President and Department of Education, to give way to the National Bureau of Investigation's (NBI) investigation into Vice President Sara Duterte's threat to the President and his family.
Read more »

Philippine House Assistant Majority Leader Urges Postponement of Vice President Duterte's HearingPhilippine House Assistant Majority Leader Urges Postponement of Vice President Duterte's HearingHouse Assistant Majority Leader and Taguig Rep. Amparo Maria 'Pammy' Zamora has asked the House Committee on Good Government and Public Accountability to postpone the November 29 hearing for Vice President Sara Duterte. Duterte was summoned by the National Bureau of Investigation to respond to allegations of issuing death threats against President Ferdinand Marcos Jr., First Lady Liza Araneta-Marcos, and Speaker Martin Romualdez.
Read more »



Render Time: 2025-02-17 03:54:01