About 202,000 sacks of suspected smuggled rice were discovered by the Bureau of Customs (BOC) in three warehouses in Bulacan.The
About 202,000 sacks of suspected smuggled rice were discovered by the Bureau of Customs in three warehouses in Bulacan.
But a series of typhoons that severely affected rice-producing regions could drive prices up, he said. “As per the directive of the President, what we are going to do is we will validate all warehouses that are storing imported rice, and then upon validation, we will issue letters of authority to conduct inspections of these warehouses,” Rubio said.
The bureau, he added, is offering a 20 percent commission as a reward for any person who tips the agency off on smuggled or hoarded goods.“If I’m not mistaken, it’s about 20 percent of the value of the goods. If the goods we confiscate are goods of value that we can auction, then they are entitled to the reward,” Rubio said.
Also on Tuesday, Bicol Saro Rep. Brian Raymund Yamsuan said he wants the 31-year-old Price Act updated to punish hoarders and profiteers of rice and corn with harsher penalties, including imprisonment of up to 40 years in certain instances when their illegal acts are tantamount to acts of economic sabotage.
Rice hoarding has been suspected as among the reasons behind the steady increase in rice prices, which has reached more than P50 per kilo in several areas.Under the measure, the hoarding of rice and corn “during or on the occasion of any calamity, disaster, or any emergency declared as such by the President” will be deemed equivalent to economic sabotage and punishable by imprisonment of 20 to 40 years, with eligibility for a pardon pm;u after 30 years.
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