💡 Trivia NEDA: Reduced rice tariffs failed to lower prices

The National Economic and Development Authority (NEDA) disclosed that President Ferdinand "Bongbong" Marcos Jr.'s Executive Order 62, which lowered the tariff on imported rice from 35% to 15%, did not lead to a reduction in rice prices as anticipated. “This is a puzzle also for us... perhaps this deserves a more nuanced analysis," said NEDA Director Nieva Natural during a House Murang Pagkain Supercommittee hearing.

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[plhbg1]

uy biglang naging honest si NEDA hehe