Bongbong Marcos orders price caps for rice at P41 to P45 per kilo
MANILA, Philippines — President Ferdinand “Bongbong” Marcos Jr. has ordered price caps for rice amid soaring prices of the commodity. The price ceiling for regular milled rice is set at P41 per kilogram while the cap for well-milled rice is P45 per kilogram. The mandate covers the whole country. Palace made the announcement on Friday.
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