The Philippine government overestimated the yearly rice consumption by every Filipino, leading to overimportation in the last three years of the Gloria Macapagal-Arroyo administration.
Read Full StoryThe National Food Authority (NFA) office in Central Visayas said the eight Cebuano rice traders identified as among those involved in anomalous importation of rice from 2008 to 2010 were real rice traders.
Read Full StoryHuge rice imports and a policy of buying high, selling low and storing long have resulted in the National Food Authority (NFA) losing more than P100 billion in a span of 10 years, the Commission on Audit (COA) said.
Read Full Story“Legalized smuggling.” This was how the audit team hired by the National Food Authority (NFA) described the government’s rice importation program in the last three years of the Gloria Macapagal-Arroyo administration, which saw a rice crisis, soaring prices and huge losses for the grains agency.
Read Full StoryTHE RAINS came—and brought good news for a change to an administration reeling from setbacks over its faltering campaign to clean up corruption in government.
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