(Agence France Presse) — Philippine President Ferdinand Marcos Jr. lifted a price ceiling on rice Wednesday, weeks after capping the cost of the staple to support poor households. In early September, Marcos set the maximum retail price of regular milled rice at 41 pesos ($0.72) per kilogramme (2.2 pounds) and 45 pesos for the higher-quality “well-milled” rice. The measure was criticised by some economists, who warned it could distort the market and lead to shortages. […]





