CEBU CITY – Retailers here are feeling the pinch of the rice price cap.
UNDERSECRETARY Terence Calatrava of the Office of the Presidential Assistant for the Visayas inspects prices of rice at Carbon Market in Cebu City on Thursday, Sept. 14.
He said they have incurred losses when President Ferdinand Marcos Jr. issued Executive Order No. 39 mandating the price ceiling for regular and well-milled rice at P41 and P45, respectively.“We hope that the price of rice will stop increasing because it really affects the poor. Even if we raise the price of rice for just P1, they will really complain. They are looking for that P20 per kilo that was promised,” said Goc-ong, who has been a rice retailer since 1998.
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.
Cebu Trio expo underway in Cebu CityCEBU CITY – The Cebu Trio composed of three prestigious and influential expos in Central Visayas – the Philippine Building and Construction Exposition (PHILBEX) 2023, Cebu Foods and Beverages Expo (CEFBEX) 2023, and the Cebu Auto Show (CAS) 2023 – are underway here from Thursday, September 14, to Sunday, September 17.
Read more »
BSKE candidates hold unity walk in Cebu CityBRIG. Gen. Anthony Aberin, chief of the Police Regional Office-Central Visayas, leads the signing of a peace covenant after a unity walk on Wednesday, September 13, at the Plaza Independencia, Cebu City. (PRO-7)
Read more »
P8B allocated to combat flooding in Cebu CityHEAVY afternoon downpours have inundated parts of Metro Cebu these past few days, stranding hundreds, if not thousands, of commuters on their way home.Some business establishments...
Read more »
Portion of Legaspi Street in Cebu City collapses near Patria de Cebu construction site amid heavy rainA SECTION of Legaspi Street in Cebu City beside the construction project of the new Patria de Cebu collapsed amid heavy rain on Wednesday afternoon, Sept. 13, 2023, forcing the...
Read more »
Cutie del Mar wants to save 2 skywalks on Osmeña Blvd; CBRT management says noA LAWMAKER from Cebu City has suggested to the Cebu Bus Rapid Transit (CBRT) management not to demolish the two skywalks along the project’s Package 1 and instead introduce a...
Read more »
Libya floods wipe out quarter of city; 10,000 feared missingAt least 10,000 people are feared missing in Libya in floods caused by a storm that burst dams and swept away buildings
Read more »