Scribd Logo
Upload

Welcome to Scribd!

  • 9A - Dantes & Mamuyac NewSSpeak

    Uploaded by

    13-00133
    3 views6 pages
    President Marcos signed Executive Order No. 39 imposing price ceilings of ₱41 per kilo for regular milled rice and ₱45 per kilo for well-milled rice nationwide. The order aims to address the surge in retail rice prices that has caused economic strain for many Filipinos. However, critics argue it is a desperate move to quell public anger over rising prices and inflation. As a consumer, the price ceiling could potentially lead to decreased quality, higher prices in local stores, and supply shortages. Meanwhile, rice producers may be forced to shut down operations or suffer huge losses to their businesses.

    Original Description:

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Report this Document
    President Marcos signed Executive Order No. 39 imposing price ceilings of ₱41 per kilo for regular milled rice and ₱45 per kilo for well-milled rice nationwide. The order aims to address the surge in retail rice prices that has caused economic strain for many Filipinos. However, critics argue it is a desperate move to quell public anger over rising prices and inflation. As a consumer, the price ceiling could potentially lead to decreased quality, higher prices in local stores, and supply shortages. Meanwhile, rice producers may be forced to shut down operations or suffer huge losses to their businesses.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    3 views6 pages

    9A - Dantes & Mamuyac NewSSpeak

    Uploaded by

    13-00133
    President Marcos signed Executive Order No. 39 imposing price ceilings of ₱41 per kilo for regular milled rice and ₱45 per kilo for well-milled rice nationwide. The order aims to address the surge in retail rice prices that has caused economic strain for many Filipinos. However, critics argue it is a desperate move to quell public anger over rising prices and inflation. As a consumer, the price ceiling could potentially lead to decreased quality, higher prices in local stores, and supply shortages. Meanwhile, rice producers may be forced to shut down operations or suffer huge losses to their businesses.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 6

    S T U D I E S 9 NEWSS

    C I A L P EAK
    SO

    Rice Price Ceiling


    Takes Effect
    DANTES, ASHLEY EUNICE | MAMUYAC, LOUIZ
    Imposition of
    Mandated Price
    Ceilings on Rice
    Executive Order No. 39
    What is
    Executive Order No. 39 about?
    President Marcos signed Executive Order
    (EO) No. 39 on August 31. This imposes a
    price ceiling of ₱41 per kilo of regular milled
    rice and ₱45 for well-milled rice nationwide.
    Why was this
    implented?
    Marcos said that the “current surge in retail prices of rice” has “resulted in
    considerable economic strain on Filipinos, particularly those who are
    underprivileged and marginalized.”

    Members of the Makabayan bloc have dismissed this and called


    President Marcos’, move a “desperate” move to quell people’s
    anger and frustration as he fails to deliver his
    campaign promise.
    Effects as a Effects as a
    Consumer Producer
    decreased quality of goods leads to immoral acts
    increased prices in local forced to shut down said
    establishments establishments
    may cause supply shortages huge loss in the business
    Sources:
    Da-Afid. (2023). Rice price ceiling takes effect. Official Portal of the Department of Agriculture.
    https://www.da.gov.ph/rice-price-ceiling-on-takes-effect/

    Porcalla, D. R. D. (2023, September 5). Rice price ceiling underwent thorough study – DA.
    Philstar.com. https://www.philstar.com/headlines/2023/09/06/2294131/rice-price-ceiling-underwent-
    thorough-study-da

    Simeon, L. M. (2023, September 10). Economic team shocked by rice price cap – Diokno. Philstar.com.
    https://www.philstar.com/headlines/2023/09/11/2295440/economic-team-shocked-rice-price-cap-
    diokno

    Dexter Cabalza, Inquirer Bureaus, Jordeene B. Lagare. (2023, September 6). Compliance with rice price
    ceiling still low | Inquirer News. INQUIRER.net. https://newsinfo.inquirer.net/1827179/compliance-
    with-rice-price-ceiling-still-low

    You might also like