‘‘Wag ura-urada’: Rice retailers bemoan ‘rushed’ implementation of price cap
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PRICE CAP. Rice dealers display rice and their prices at the Trabajo Market in Sampaloc, Manila, on August 10, 2023.
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Frederic Dy, president of the Grains Retailers Confederation of the Philippines, says President Marcos’ hasty implementation of the price cap is detrimental to businesses
MANILA, Philippines – While rice retailers think setting price ceilings on rice is a good idea, they bemoaned the “rushed” policy, saying it would incur deficits for retailers since they already stocked up on expensive rice.
“Ang problema, ‘wag sana niyang i-implement ura-urada kasi kami pong mga retailers, may mga stock po kaming nabili na ang mahal pa,” said Frederic Dy, president of the Grains Retailers Confederation of the Philippines (GRECON), in a Radyo5 interview on Monday, September
