00:00 The Marcos administration's economic team expressed support to government's imposition
00:04 of temporary rice price cap.
00:07 According to Department of Budget and Management Secretary Amena Pangandaman, the economic
00:11 team is behind the said measure as it will serve as an active stopgap measure to prevent
00:16 the prices of rice from shooting further upward.
00:19 Ordinarily, it is ideal for government to implement a hands-off approach to the situation
00:24 concerning rice in the country, but since the challenge the country is facing now is
00:28 extraordinary and appropriate response is needed.
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