Introduction
Republic Act (R.A.) 7160, otherwise known as the Local Government Code of 1991, provides that local government units (LGUs) shall discharge the functions and responsibilities of national agencies and offices devolved to them pursuant to the Local Government Code. LGUs shall likewise...
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President Ferdinand R. Marcos Jr. on Thursday signed a new law to combat agricultural smuggling, profiteering, and hoarding, making food more affordable and accessible, and providing better income to local farmers
In a ceremony at Malacañang Palace, Marcos signed Republic Act No. 12022 or the Anti-Agricultural Economic Sabotage Act, before members of both houses of Congress, Cabinet members, and other agriculture stakeholders.
Under the new law, smuggling, hoarding, profiteering, cartel and financing of these crimes involving agricultural and fishery products are classified as acts of economic sabotage and will carry a penalty of life imprisonment and a fine of up to five times the value of the products involved in the crime.
Read more here.