MANILA - Department of Finance Secretary Benjamin Diokno welcomed the lifting of the price cap on rice, about a month after it was first implemented.
“Ngayon, meron na tayo because the harvest has started tapos maraming pumapasok na imports. So I think that decision to lift was just right,” said Diokno.“Parang na-correct na rin yung mga hoarding. Tsaka we have distributed yung mga na-smuggle so there’s a lot of rice now in circulation,” he said. “Di ba ang may price cap lang, iyong well-milled at tsaka ? The others wala namang cap diba? You can buy kung gusto mo ng P80, okay lang. So mahirap mo rin ma-assess talaga,” said Diokno.
Diokno earlier admitted that he and National Economic and Development Authority Secretary Arsenio Balisacan weren’t initially consulted about the price cap.