Businessmirror february 10, 2018

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Piñol eyes ‘tokhang’-like inspection of rice warehouses to avert manipulation of price and supply

‘Rice shortage is just fake news’

IN this May 7, 2014, file photo, workers unload bags of rice imported from Vietnam at North Harbor in Manila. ROY DOMINGO

T

By Jasper Emmanuel Y. Arcalas

he Department of Agriculture (DA) is recommending the inspection of rice warehouses in the country to make sure there would be no rice shortage in the local market.

Agriculture Secretary Emmanuel F. Piñol stated that “greedy” rice cartels are “operating again” to create an artificial “rice shortage” to justify increases in prices in the local market. “As early as three weeks ago, I already had the suspicion that there was a conspiracy to launch a media propaganda about a ‘rice shortage,’ which I knew was in-

tended to create panic,” Piñol said in a social-media post. “I suspected that the plan was to use the ‘rice shortage’ propaganda as an excuse to increase the price of rice in the market and allow importation. Rice importation has always been a lucrative business for several big traders, including several people in government in the past,” Piñol added.

Piñol: “As early as three weeks ago, I already had the suspicion that there was a conspiracy to launch a media propaganda about a ‘rice shortage,’ which I knew was intended to create panic.”

Due to this, Piñol is mulling over the “actual” inspection of all rice warehouses in the country to prove that the country’s stockpile is more than enough to feed the Filipino people. “In the face of this brazen attempt to mislead the policymakers of this country simply because of greed for money, I am recommending that Continued on A2

Is Asean wasting time on sea code of conduct with Beijing ignoring pact?

A

By Rene Acosta

sean countries have been pushing for a code of conduct (COC) in the South China Sea (SCS), but there is great skepticism if such a regional maritime agreement can be hammered out. But even if Asean succeeds, can it force China to abide by it? The COC is meant to set the rules by which Asean members, particularly the states involved in the maritime dispute, should conduct themselves in an effort to bring order in the contested SCS, and prevent escalation into direct military confrontation. A negotiating framework for the COC has been adopted by China and the Asean states in Manila in August last year, which prompt-

ed President Duterte to issue a riposte that hailed Beijing’s stance of “graciously” agreeing to commit itself to the preliminary framework. A statement by regional officials released by Singapore’s Foreign Minister Vivian Balakrishnan at the end of the Asean Foreign Ministers’ Retreat held in Singapore this week underscored the importance of a binding code, by calling out for restraint in activities in

PESO exchange rates n US 51.3030

In this July 14, 2016, file photo, a woman walks past a billboard featuring an image of an island in South China Sea on display with Chinese words that read: “South China Sea, our beautiful motherland, we won’t let go an inch” in Weifang in east China’s Shandong province. Chinatopix via AP

the SCS and the non-militarization of the area. The position was issued just as China and the Asean were to start the negotiations for the COC next month. However, there were prevailing thoughts against the success of the negotiations with China, given its previous history in the disputed portion of the SCS and its continuing actions in the area that have given birth to man-made islands that were in the nature of fortified military bases. While China can participate in the negotiations, it does not automatically mean that it will accept its outcome, especially if it will go against its “sovereign rights” position, a stance that has kept it solidly afoot on the islands that it has occupied. Even if the Asean would succeed in crafting and adopting a “binding” code of conduct, it does not automatically bind China. The Asean cannot even coerce or force Beijing to follow the agreement. “In the first place, there would Continued on A2

n japan 0.4719 n UK 71.3214 n HK 6.5598 n CHINA 8.1195 n singapore 38.5215 n australia 39.8932 n EU 62.8257 n SAUDI arabia 13.6808

Source: BSP (February 9, 2018 )


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