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Senator Win Gatchalian urged the Department of Energy (DOE) to intensify its monitoring activities against profiteers taking advantage of consumers by imposing exorbitant pump prices of fuel products amid the escalation of cost of fuels in the world and domestic markets. “The DOE should make sure that oil companies and retailers are not abusing the […]
In the absence of the imposition of a price ceiling on basic necessities amid rising prices of fuel products, Senator Win Gatchalian called for increased vigilance against unscrupulous traders engaged in unwarranted acts that can affect the prices of prime and basic commodities. “Maging mapagmatyag tayo sa anumang pagtatangka ng ilang mapagsamantalang negosyante sa kasalukuyang […]
The creation of a government task force on economic intelligence (Econ Intel) to go after profiteers, price manipulators, hoarders, and smugglers was approved by President Rodrigo Duterte and the Cabinet during a recent meeting in Malacañang. Initially, the task force will go after unscrupulous traders, viajeros, and wholesalers — who have unreasonably jacked up the prices […]
Putting a cap on prices of food during a lack of supply is ineffective, Senator Kiko Pangilinan said pushing the government to go after the food price manipulators that Agriculture Secretary William Dar exposed at the Senate hearing. “Dapat sampulan ang nagsasamantala. Sa ilalim ng Price Act, hanggang 1 milyong piso ang maaring multa sa […]
Traders caught selling rice at prices higher than the government’s suggested retail price (SRP) can lose their license, face jail time, and pay a fine of up to P1 million, Agriculture Secretary Emmanuel Piñol warns. Government will start imposing the penalties on violators once the guidelines take effect, Piñol said during the launch of the […]