DUMAGUETE CITY, Negros Oriental, Sept. 15 (PIA) -- Some 63 micro rice retailers in Negros Oriental received the P15,000 cash subsidy promised by the government to help them recover their profit losses brought by the imposition of price cap on the sale of regular and well-milled rice in the market.
The pay-out ceremony was held Sept. 14, 2023 at the Negros Oriental Convention Center, this city.
President Ferdinand “Bongbong” R. Marcos Jr. made a promise early this month to give government subsidy to rice retailers whose businesses will be affected by the price cap as mandated by his Executive Order (EO) 39.
The cash subsidy aims to help rice retailers partially recover their income losses since they are compelled to sell rice at a price lower from its actual price when they bought it from their suppliers.
Department of Social Welfare and Development (DSWD) Secretary Rex Gatchalian has announced that DSWD will be in charge of distributing the cash aid.
Qualified beneficiaries can receive a maximum of P15,000.
The budget for the Cash Assistance for Micro Rice Retailers is taken from DSWD’s Sustainable Livelihood Program - Economic Relief Subsidy (SLP-ERS).
In Negros Oriental, the distribution of the said cash aid was supervised by DSWD-7 Regional Director Shalaine Marie Lucero, DTI-7 Regional Director Maria Elena Arbon, Department of Agriculture 7 Regional Director Angel Enriquez, Office of the Presidential Assistant for the Visayas Usec. Terence Calatrava, DTI Provincial Director Nimfa Virtucio, and Gov. Manuel “Chaco” Sagarbarria.
Of the 63 beneficiaries, 17 were from Dumaguete City, 12 from Canlaon City, nine from La Libertad, five from Tayasan, four from Bindoy, four in Bais City, three from Guihulngan City, two from Ayungon, two from Sibulan, and one each from Ayungon, Bayawan City, and Siaton.