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(From BusinessWorld (Philippines))
Byline: Francis Y. Capistrano
Senators are calling for an investigation into the government's hybrid rice subsidy program.
In a resolution filed last week, Senator Ramon B. Magsaysay, Jr. sought a probe of alleged mismanagement of the program funds, which included P544 million from the Marcos ill-gotten wealth.
State auditors said the program could not account for more than P55.7 million as of December 2004, the resolution pointed out. Almost a billion pesos was spent under the program that year.
The hybrid rice commercialization program, implemented by the Philippine Rice Research Institute …