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NewsTranscript
00:00Breaking news! The Senate has already ratified the Bicameral Conference Committee Report to amend the Rice Tarification Law.
00:07Under the amended bill, six years of the Rice Competitiveness Enhancement Fund will be allocated
00:12for the purchase of machinery, rice, and for the training of farmers.
00:16From the Php10 billion fund this year, it will be increased to Php30 billion per year.
00:21The President will also be given the power to stop or limit the amount of rice being harvested.
00:26The Department of Agriculture will also allow the sale of local rice to hospitals, hospitals,
00:30medical stores, and government agencies.
00:56For more information visit www.fema.gov