The Palace expresses its gratitude to the Senate for passing on third and final reading the Rice Tariffication Bill.
The President has certified the aforesaid bill as urgent. In his communication with the leadership of the Senate, the President expressed the urgent need to improve the availability of rice in the country to prevent artificial rice shortage, reduce the prices of rice in the market, and curtail the prevalence of corruption and cartel domination in the rice industry.
We remain optimistic that the bill would also run smoothly during the bicameral conference committee deliberations by both Houses of Congress. We are likewise confident that through the enactment of this bill into law, we would be able to protect the rice industry from sudden price fluctuations and eventually ease the burden of the Filipino consumers from soaring prices.
Salvador S. Panelo
Presidential Spokesperson & Chief Presidential Legal Counsel