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With the aim of stabilizing market prices of basic necessities and prime commodities (BNPCs) and establishing safeguards against unjustified price increases, Trade Secretary Fred Pascual, Chairperson of the National Price Coordinating Council (NPCC), convened the Council recently. Republic Act No. 7581, or the Price Act, was formulated to protect consumers by stabilizing the prices of […]
As chairman of the National Price Coordinating Council, the Department of Trade and Industry (DTI) is coordinating with the Philippine Chamber of Food Manufacturers, composed of manufacturers and retailers of basic necessities and prime commodities (BNPC), to guarantee timely and constant replenishment of goods, particularly in areas affected by Tropical Storm Paeng. After the onslaught […]
The Department of Agriculture (DA), Department of Trade and Industry (DTI), mayors of Metro Manila, and officials of the Metropolitan Manila Development Authority (MMDA) have forged an agreement to impose stricter price control measures on basic food commodities, particularly pork and vegetables being sold in Metro Manila public markets. “We agreed on several strategies to […]
The Department of Agriculture (DA) has extended the imposition of the suggested retail price (SRP) for basic agriculture and fishery products to protect consumers against price irregularities in local markets amid the enhanced community quarantine (ECQ) in Luzon. In a new administrative circular signed by Agriculture Secretary William Dar, a price freeze for rice and other […]