Sen. Cynthia Villar has called for the passage of the Anti-Agricultural Economic Sabotage Law to prevent middlemen and traders from taking advantage of rice farmers and consumers.
MANILA, Philippines —
On March 20, 2024, the representatives of both houses of Congress went to a pre-bicam conference for the bill. The Senate version lays out severe sanctions on acts of smuggling, hoarding, profiteering and cartel of agricultural and fishery products as a self-preservation measure against the manipulative scheme of economic saboteurs, protect the livelihood of farmers and plug leakages in tax and duty collection.
Recently, there was a report on the irregular sale of NFA stocks to selected commercial traders, namely G4 Rice Mill Corp. and NBK San Pedro Rice Mill. The grains were sold purportedly as deteriorating or aging stocks, and without undergoing a bidding process after being purchased in palay form at P23 per kilo and sold as milled rice for P25 per kilo. The government was said to have incurred a P12,500,000 loss because of this.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Groups urge Congress to pass bill vs agricultural economic sabotageThe Philippine Tobacco Growers Association (PTGA) and the National Federation of Tobacco Farmers Association and Cooperatives (NAFTAC) urged Congress to convene a bicameral conference committee to tackle the proposed Anti-Agricultural Economic Sabotage Act.
Read more »
Villar: Expand economic opportunities for small farmers, fisherfolkEconomic opportunities should be expanded for those engaged in agriculture like small farmers and fisherfolk, as they are the ones providing Filipinos with food, according to Sen. Cynthia Villar.
Read more »
Economic security vs. economic coercionEven bigger investments from the United States and Japan are coming our way in the next five years and the number could go as high as $200 billion – double the initial $100-billion estimate that Ambassador to the United States Jose Manuel “Babe” Romualdez earlier revealed.
Read more »
Villar Group’s AllHome posts P797-m profitDefining the News
Read more »
Camille Villar: 'Willie Revillame has home with us'MANILA, Philippines: Despite parting ways with the Villar-owned Advanced Media Broadcasting System (AMBS), the company behind ALLTV, Willie Revillame can still count the Villars as family.
Read more »
Rep. Camille Villar on being unica hija of the richest man in PHRep. Camille Villar of Las Pinas City said nothing has changed since her father, former Senator Manny Villar, was named by Forbes as the richest man in the Philippines for 2024.
Read more »