NFA saves P95M in Vietnam rice purchase

The National Food Authority (NFA) has clarified that contrary to reports, not a single centavo was lost but it instead managed to save some P95.45 million from the 205,700 metric tons of rice that it imported from Vietnam in April this year.

This developed as the NFA described as malicious and pure lies the report that some P457 million were lost from the government coffers as a result of such transaction.