Violators of rice price ceiling to face penalties: DTI

News Snapshot:

A worker from a rice dealer in Mega Q-Mart in Cubao, Quezon City, arranges the store's supply of different rice varieties, including "Denorado" rice, which is marked with a P60 price tag on Tuesday, August 22, 2023. Maria Tan, ABS-CBN News Price control won't work — biz group MANILA — The trade department on Friday said President Ferdinand Marcos, Jr's order to put a cap on rice prices was already in effect and warned retailers they could be penalized if they violate this. President Ferdinand Marcos, Jr. signed Thursday an executive order that mandates a price ceiling for regular milled...