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Agriculture Secretary Francisco Tiu Laurel, Jr. raised concern over persistently high rice prices, particularly the sale of imported rice at P60 per kilo, calling it indicative of profiteering. Tiu Laurel’s comments followed a recent consultative meeting with rice importers and millers, where DA officials scrutinized the industry’s pricing practices. “The exorbitant price of imported rice […]
A lawmaker at the House of Representatives urged authorities to run after and arrest hoarders and price manipulators of medicines used to treat coronavirus disease (COVID-19) symptoms amid the rise in COVID-19 cases. Quezon City Representative Precious Hipolito Castelo said there are laws, regulations, and even local ordinances prohibiting hoarding and price manipulation of drugs […]
Lopez said the DTI is urging President Rodrigo Duterte to issue an executive order (EO) to prosecute those who had raked-in unfairly large profits on products which are in demand during this situation and those who hoard goods whether for their own consumption or re-sale at higher prices.The trade chief said Duterte has agreed with […]
Trade Secretary Ramon Lopez said his department will suggest to retailers that sales of face masks be limited per customer as demand for these have surged following the eruption of Taal Volcano on Sunday. Social media users posted that N95 masks have immediately gone out of stock in some stores in Bambang in Manila which […]
Senate Trade and Commerce Chair Koko Pimentel III on Thursday urged the Department of Trade and Industry (DTI) to take action against wholesalers and retailers who are driving up sugar prices despite the steady mill gate prices of the staple. “For the past several months, the mill gate prices of sugar have been holding steady […]
Senator Win Gatchalian is urging the Department of Trade and Industry (DTI) and the Department of Energy (DOE) to activate a task force that will guard against premature price increases and profiteering in the wake of the implementation of a new round of increases in the excise tax on fuel this January. President Rodrigo Duterte […]
House Appropriations Committee Chairperson Rep. Karlo “Ang Probinsyano” Nograles urged the Department of Trade and Industry (DTI) to intensify their anti-profiteering operations after skyrocketing rice prices in Zamboanga City forced the city council to pass a resolution urging the local government to place the city under a state of calamity. Nograles, who had earlier called […]