The Philippines EXPO 2008
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Apr
21
Philippines Targets Rice Hoarders as Prices Advance
Filed Under (Current Events) by danielviray on 21-04-2008 and tagged crimes, Economy, hoarders, The Rice Problem
April 15 (Bloomberg) — The Philippines, the world’s biggest rice importer, intensified efforts to crack down on hoarding as prices rose to a record and Royal Bank of Scotland Group Plc said the president’s popularity may be undermined by food inflation.
The Southeast Asian nation would target “unscrupulous traders together with their accomplices in the bureaucracy,” President Gloria Arroyo said today. “We have already taken steps to protect our consumers from rice and even bread bandits.”
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May 5th, 2008 at 12:07 am
interesting article and great summary!
May 5th, 2008 at 4:14 pm
thank you, and check our website once in a while for more update on the rice problem.