Noting that P200 billion is lost each year to agricultural smuggling, Senator Cynthia Villar on Monday prodded her peers to approve a measure defining and proposing stiff penalties for agriculture economic sabotage to include not only smuggling but also hoarding, profiteering and cartel. Embodied in Senate Bill 1086, Committee Report…
Noting that P200 billion is lost each year to agricultural smuggling, Senator Cynthia Villar on Monday prodded her peers to approve a measure defining and proposing stiff penalties for agriculture economic sabotage to include not only smuggling but also hoarding, profiteering and cartel.
Sen.Villar sponsored substitute bill, Senate Bill No. 2432 or the “Anti-Agricultural Economic Sabotage Act”, under Committee Report No. 118 of the Committee on Agriculture, Food and Agrarian Reform and the Committees on Justice and Human Rights; Finance; and Ways and Means./ “Smuggling brings about unfair competition for locally produced goods because it floods the market of cheaper agricultural products; it puts undue risk to our consumer’s health, deprives the government of revenues from uncollected taxes and customs duties, encourages corruption and threatens the rule of law,” she added.
She likewise cited Euromonitor reports, that “16.7 percent or about 9.52 billion sticks of the total cigarette volumes sold in the Philippines will come from illegal sources in 2022. Most illicit cigarettes are shipped from Cambodia, Vietnam, and China, and enter through Sulu and Tawi-Tawi.”
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.
MMDA gets another 10 motorcycles for riding academy from Senator GoThe Metropolitan Manila Development Authority received another 10 motorcycle units, this time from Senator Christopher Lawrence Go. On Tuesday, Go
Read more »
Senator wants to boost tamban fishing tradeSenator Francis Tolentino has urged the Department of Science and Technology (DOST) to upgrade tamban production for the country’s food
Read more »
Vista Land plans P10-billion bond offeringVista Land & Lifescapes Inc., the real estate arm of tycoon Manuel Villar, on Wednesday announced plans to return to
Read more »
Vista Land eyes P10b from sale of fixed-rate bondsVista Land & Lifescapes Inc. (VLL), the real estate arm of billionaire Manuel Villar, announced Wednesday plans to return to
Read more »
Motorcycle DonationsMetropolitan Manila Development Authority acting chairman Romando Artes receives from Senator Christopher Go the donation of motorcycle units to be
Read more »
Robin pushes for Charter change anewSenator Robin Padilla on Tuesday said he is ready to campaign for candidates in the 2025 elections who will support
Read more »