{"id":7938,"date":"2023-09-11T10:17:28","date_gmt":"2023-09-11T10:17:28","guid":{"rendered":"https:\/\/ricenewstoday.com\/dev\/?p=7938"},"modified":"2023-09-11T10:17:50","modified_gmt":"2023-09-11T10:17:50","slug":"economic-managers-back-rice-price-ceiling-diokno","status":"publish","type":"post","link":"https:\/\/ricenewstoday.com\/dev\/economic-managers-back-rice-price-ceiling-diokno\/","title":{"rendered":"Economic managers back rice price ceiling: Diokno"},"content":{"rendered":"\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"950\" height=\"633\" src=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-55.png\" alt=\"\" class=\"wp-image-7939\" srcset=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-55.png 950w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-55-600x400.png 600w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-55-300x200.png 300w, https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-55-768x512.png 768w\" sizes=\"(max-width: 950px) 100vw, 950px\" \/><\/figure>\n\n\n\n<p>Vendors tend to their stalls selling rice at the Kamuning Market in Quezon City on August 9, 2023.&nbsp;<em>Jonathan Cellona, ABS-CBN News<\/em><\/p>\n\n\n\n<p>MANILA &#8212; Philippine economic managers back President Ferdinand Marcos Jr.&#8217;s order imposing a price cap on regular and well-milled rice, Finance Secretary Benjamin Diokno said Monday.<\/p>\n\n\n\n<p>Marcos issued Executive Order No. 39 to set the price ceiling for regular milled rice at P41 per kilo and well-milled rice at P45 per kilo to rein in the soaring cost of the staple grain.<\/p>\n\n\n\n<p>&#8220;We agree with the President that implementing a price cap on rice is the most prudent course of action at the moment to achieve two critical objectives: stabilizing rice prices and extending immediate support to our fellow countrymen,&#8221; he said in a statement.<\/p>\n\n\n\n<p>Diokno said the economic team views EO 39 as an essential stop-gap measure to curb price hikes while emphasizing that other measures must be taken to stabilize rice prices in the long-term.<\/p>\n\n\n\n<p>The DOF, along with the National Economic and Development Authority, has also proposed the following measures to ensure that rice supply remains sufficient at reduced prices:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>-Reduce rice import tariff rates temporarily to zero percent or a maximum of 10 percent to arrest the surge in prices<\/li>\n\n\n\n<li>-Encourage the timely importation of rice by the private sector<\/li>\n\n\n\n<li>-Fully implement the Super Green Lane that authorizes the use of -Electronic Data Interchange that will allow for the advance processing and clearance of the shipments of the country\u2019s topmost qualified importers<\/li>\n\n\n\n<li>-Work with tollway concessionaires\/operators for the temporary exemption of trucks that cater to agricultural goods from the increase in toll fees<\/li>\n\n\n\n<li>-The government has also begun distributing subsidies to small rice retailers affected by price controls.<\/li>\n<\/ul>\n\n\n\n<p>The government also aims to curb non-competitive behavior in the rice industry by going after hoarders, smugglers and those involved in economic sabotage, Diokno said.&nbsp;<\/p>\n\n\n\n<p>&#8220;We understand and fully support the decision of the President because there really are market players who have been misbehaving,&#8221; said Budget Secretary Amenah Pangandaman in a separate statement.<\/p>\n\n\n\n<p>&#8220;Unfortunately, there really are hoarders and speculators. We needed to act fast to effectively address this problem with a tit-for-tat strategy against unscrupulous traders, at least in the near term,\u201d she stressed.<\/p>\n\n\n\n<p>The government has also started distributing cash assistance to small-scale rice retailers to curb the impact of the rice price cap.<\/p>\n\n\n\n<p>Diokno earlier revealed he was surprised by the price ceiling EO, along with NEDA Secretary Arsenio Balisacan.<\/p>\n\n\n\n<p>The two were meeting Japanese ministers when news of the price ceiling came out.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Vendors tend to their stalls selling rice at the Kamuning Market in Quezon City on August 9, 2023.&nbsp;Jonathan Cellona, ABS-CBN News MANILA &#8212; Philippine economic managers back President Ferdinand Marcos Jr.&#8217;s order imposing a price cap on regular and well-milled rice, Finance Secretary Benjamin Diokno said Monday. Marcos issued Executive Order No. 39 to set [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7939,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176],"tags":[393,159],"class_list":["post-7938","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-rice-prices","tag-global-rice-news"],"acf":{"enable_premium_overlay":false},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Economic managers back rice price ceiling: Diokno - Rice News Today<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economic managers back rice price ceiling: Diokno - Rice News Today\" \/>\n<meta property=\"og:description\" content=\"Vendors tend to their stalls selling rice at the Kamuning Market in Quezon City on August 9, 2023.&nbsp;Jonathan Cellona, ABS-CBN News MANILA &#8212; Philippine economic managers back President Ferdinand Marcos Jr.&#8217;s order imposing a price cap on regular and well-milled rice, Finance Secretary Benjamin Diokno said Monday. Marcos issued Executive Order No. 39 to set [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ricenewstoday.com\/dev\/economic-managers-back-rice-price-ceiling-diokno\/\" \/>\n<meta property=\"og:site_name\" content=\"Rice News Today\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-11T10:17:28+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-11T10:17:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-55.png\" \/>\n\t<meta property=\"og:image:width\" content=\"950\" \/>\n\t<meta property=\"og:image:height\" content=\"633\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Developer Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Developer Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ricenewstoday.com\/dev\/economic-managers-back-rice-price-ceiling-diokno\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/economic-managers-back-rice-price-ceiling-diokno\/\"},\"author\":{\"name\":\"Developer Team\",\"@id\":\"https:\/\/ricenewstoday.com\/dev\/#\/schema\/person\/5bab6fa4a598696885d5615daac778dd\"},\"headline\":\"Economic managers back rice price ceiling: Diokno\",\"datePublished\":\"2023-09-11T10:17:28+00:00\",\"dateModified\":\"2023-09-11T10:17:50+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/economic-managers-back-rice-price-ceiling-diokno\/\"},\"wordCount\":429,\"publisher\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/#organization\"},\"image\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/economic-managers-back-rice-price-ceiling-diokno\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-55.png\",\"keywords\":[\"Rice prices\",\"Global Rice News\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ricenewstoday.com\/dev\/economic-managers-back-rice-price-ceiling-diokno\/\",\"url\":\"https:\/\/ricenewstoday.com\/dev\/economic-managers-back-rice-price-ceiling-diokno\/\",\"name\":\"Economic managers back rice price ceiling: Diokno - Rice News Today\",\"isPartOf\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/economic-managers-back-rice-price-ceiling-diokno\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/economic-managers-back-rice-price-ceiling-diokno\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-55.png\",\"datePublished\":\"2023-09-11T10:17:28+00:00\",\"dateModified\":\"2023-09-11T10:17:50+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/economic-managers-back-rice-price-ceiling-diokno\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ricenewstoday.com\/dev\/economic-managers-back-rice-price-ceiling-diokno\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ricenewstoday.com\/dev\/economic-managers-back-rice-price-ceiling-diokno\/#primaryimage\",\"url\":\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-55.png\",\"contentUrl\":\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-55.png\",\"width\":950,\"height\":633},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ricenewstoday.com\/dev\/economic-managers-back-rice-price-ceiling-diokno\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ricenewstoday.com\/dev\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Economic managers back rice price ceiling: Diokno\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ricenewstoday.com\/dev\/#website\",\"url\":\"https:\/\/ricenewstoday.com\/dev\/\",\"name\":\"Rice News Today\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ricenewstoday.com\/dev\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ricenewstoday.com\/dev\/#organization\",\"name\":\"Rice News Today\",\"url\":\"https:\/\/ricenewstoday.com\/dev\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ricenewstoday.com\/dev\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/11\/ricenews-share-og.png\",\"contentUrl\":\"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/11\/ricenews-share-og.png\",\"width\":696,\"height\":696,\"caption\":\"Rice News Today\"},\"image\":{\"@id\":\"https:\/\/ricenewstoday.com\/dev\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ricenewstoday.com\/dev\/#\/schema\/person\/5bab6fa4a598696885d5615daac778dd\",\"name\":\"Developer Team\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ricenewstoday.com\/dev\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ricenewstoday.com\/dev\/wp-content\/litespeed\/avatar\/7f4250de373ca51742ab7d6abe1e77b4.jpg?ver=1775168527\",\"contentUrl\":\"https:\/\/ricenewstoday.com\/dev\/wp-content\/litespeed\/avatar\/7f4250de373ca51742ab7d6abe1e77b4.jpg?ver=1775168527\",\"caption\":\"Developer Team\"},\"sameAs\":[\"https:\/\/ricenewstoday.com\/dev\"],\"url\":\"https:\/\/ricenewstoday.com\/dev\/author\/techwise\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Economic managers back rice price ceiling: Diokno - Rice News Today","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_US","og_type":"article","og_title":"Economic managers back rice price ceiling: Diokno - Rice News Today","og_description":"Vendors tend to their stalls selling rice at the Kamuning Market in Quezon City on August 9, 2023.&nbsp;Jonathan Cellona, ABS-CBN News MANILA &#8212; Philippine economic managers back President Ferdinand Marcos Jr.&#8217;s order imposing a price cap on regular and well-milled rice, Finance Secretary Benjamin Diokno said Monday. Marcos issued Executive Order No. 39 to set [&hellip;]","og_url":"https:\/\/ricenewstoday.com\/dev\/economic-managers-back-rice-price-ceiling-diokno\/","og_site_name":"Rice News Today","article_published_time":"2023-09-11T10:17:28+00:00","article_modified_time":"2023-09-11T10:17:50+00:00","og_image":[{"width":950,"height":633,"url":"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-55.png","type":"image\/png"}],"author":"Developer Team","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Developer Team","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ricenewstoday.com\/dev\/economic-managers-back-rice-price-ceiling-diokno\/#article","isPartOf":{"@id":"https:\/\/ricenewstoday.com\/dev\/economic-managers-back-rice-price-ceiling-diokno\/"},"author":{"name":"Developer Team","@id":"https:\/\/ricenewstoday.com\/dev\/#\/schema\/person\/5bab6fa4a598696885d5615daac778dd"},"headline":"Economic managers back rice price ceiling: Diokno","datePublished":"2023-09-11T10:17:28+00:00","dateModified":"2023-09-11T10:17:50+00:00","mainEntityOfPage":{"@id":"https:\/\/ricenewstoday.com\/dev\/economic-managers-back-rice-price-ceiling-diokno\/"},"wordCount":429,"publisher":{"@id":"https:\/\/ricenewstoday.com\/dev\/#organization"},"image":{"@id":"https:\/\/ricenewstoday.com\/dev\/economic-managers-back-rice-price-ceiling-diokno\/#primaryimage"},"thumbnailUrl":"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-55.png","keywords":["Rice prices","Global Rice News"],"articleSection":["News"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/ricenewstoday.com\/dev\/economic-managers-back-rice-price-ceiling-diokno\/","url":"https:\/\/ricenewstoday.com\/dev\/economic-managers-back-rice-price-ceiling-diokno\/","name":"Economic managers back rice price ceiling: Diokno - Rice News Today","isPartOf":{"@id":"https:\/\/ricenewstoday.com\/dev\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ricenewstoday.com\/dev\/economic-managers-back-rice-price-ceiling-diokno\/#primaryimage"},"image":{"@id":"https:\/\/ricenewstoday.com\/dev\/economic-managers-back-rice-price-ceiling-diokno\/#primaryimage"},"thumbnailUrl":"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-55.png","datePublished":"2023-09-11T10:17:28+00:00","dateModified":"2023-09-11T10:17:50+00:00","breadcrumb":{"@id":"https:\/\/ricenewstoday.com\/dev\/economic-managers-back-rice-price-ceiling-diokno\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ricenewstoday.com\/dev\/economic-managers-back-rice-price-ceiling-diokno\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ricenewstoday.com\/dev\/economic-managers-back-rice-price-ceiling-diokno\/#primaryimage","url":"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-55.png","contentUrl":"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/09\/image-55.png","width":950,"height":633},{"@type":"BreadcrumbList","@id":"https:\/\/ricenewstoday.com\/dev\/economic-managers-back-rice-price-ceiling-diokno\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ricenewstoday.com\/dev\/"},{"@type":"ListItem","position":2,"name":"Economic managers back rice price ceiling: Diokno"}]},{"@type":"WebSite","@id":"https:\/\/ricenewstoday.com\/dev\/#website","url":"https:\/\/ricenewstoday.com\/dev\/","name":"Rice News Today","description":"","publisher":{"@id":"https:\/\/ricenewstoday.com\/dev\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ricenewstoday.com\/dev\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ricenewstoday.com\/dev\/#organization","name":"Rice News Today","url":"https:\/\/ricenewstoday.com\/dev\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ricenewstoday.com\/dev\/#\/schema\/logo\/image\/","url":"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/11\/ricenews-share-og.png","contentUrl":"https:\/\/ricenewstoday.com\/dev\/wp-content\/uploads\/2023\/11\/ricenews-share-og.png","width":696,"height":696,"caption":"Rice News Today"},"image":{"@id":"https:\/\/ricenewstoday.com\/dev\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ricenewstoday.com\/dev\/#\/schema\/person\/5bab6fa4a598696885d5615daac778dd","name":"Developer Team","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ricenewstoday.com\/dev\/#\/schema\/person\/image\/","url":"https:\/\/ricenewstoday.com\/dev\/wp-content\/litespeed\/avatar\/7f4250de373ca51742ab7d6abe1e77b4.jpg?ver=1775168527","contentUrl":"https:\/\/ricenewstoday.com\/dev\/wp-content\/litespeed\/avatar\/7f4250de373ca51742ab7d6abe1e77b4.jpg?ver=1775168527","caption":"Developer Team"},"sameAs":["https:\/\/ricenewstoday.com\/dev"],"url":"https:\/\/ricenewstoday.com\/dev\/author\/techwise\/"}]}},"_links":{"self":[{"href":"https:\/\/ricenewstoday.com\/dev\/wp-json\/wp\/v2\/posts\/7938","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ricenewstoday.com\/dev\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ricenewstoday.com\/dev\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ricenewstoday.com\/dev\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ricenewstoday.com\/dev\/wp-json\/wp\/v2\/comments?post=7938"}],"version-history":[{"count":0,"href":"https:\/\/ricenewstoday.com\/dev\/wp-json\/wp\/v2\/posts\/7938\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ricenewstoday.com\/dev\/wp-json\/wp\/v2\/media\/7939"}],"wp:attachment":[{"href":"https:\/\/ricenewstoday.com\/dev\/wp-json\/wp\/v2\/media?parent=7938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ricenewstoday.com\/dev\/wp-json\/wp\/v2\/categories?post=7938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ricenewstoday.com\/dev\/wp-json\/wp\/v2\/tags?post=7938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}