SMUGGLED RICE UNCOVERED. Speaker Ferdinand Martin G. Romualdez (center), along with other lawmakers, joins the fact-finding mission of the Bureau
of Customs in inspecting several rice warehouses in Bulacan as part of the exercise of the oversight powers of Congress. The inspection was conducted amid allegations that hoarding of rice supply is driving up the price of the staple grain. Ver Noveno
“I have ordered the owners of these warehouses to present the necessary documents that will support its rice importation, as well as the amount of rice they have been keeping in these warehouses,” Rubio said. Intelligence Group Deputy Commissioner Juvymax Uy underscored the role of the Bureau of Customs in the administration’s thrust to get to the bottom of hoarding that drives up the cost of rice in the market.Customs Intelligence and Investigation Service chief Verne Enciso said the agency coordinated with the Philippine National Police in Balagtas and personnel from Brgy. San Juan.
If found without proper importation and proof of payment, seizure and forfeiture proceedings will be conducted on the shipments for violating the Customs Modernization and Tariff Act. He urged the traders to move their stock and support the state-owned Kadiwa stores to help the public cope with rising prices.
“We need to know if there is truly some basis to accusations that hoarders are responsible for the spike of rice prices in the market.
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