[Latest News][6]

2016
Achievers
Advisory
Agriculture
Albay
Albay News
Announcements
Banner
Bicol
Bicol Express
bicol local news
bicol local newspaper
Bicol News
bicol news latest
Bicol Songs
Bicol Vigilantes
Bicolana beauties
Bicolano achievers
Bikol news
Binibining Pilipinas
Business
Camarines Norte
Camarines Sur
Caramoan Massacre
Case in Point
Catanduanes
Celebrations
Church
Column
Community
Contributions
Culture
Daet
Daraga
Development
Disaster
Documents
Drugs
Economy
Editorial
Education
Entertainment
Environment
Events
Feature
Features
Filipino News
Food
Food Trip
Government
Headlines
Health
Human Interest
Infographics
Infrastructure
Iriga
Iriga City
Isipon Osipon
Jobs
Jokes
Kantang suanoy
Legazpi
Legazpi City
Letters
Libmanan
Lifestyle
Ligao City
Live
Masbate
masbate city
mayon
MayonPH
Media
Mining
Modelo Bikolano
Nabua
Naga
Naga City
Nagueno
Nation
National
News
News Bullets
OFW
Opinion
Oragon
Orgullo
Palarong Bicol 2014
Palarong Bicol 2015
Penafrancia
Penafrancia 2014
Photos
Places
PNR
Police
Police Report
Politics
Polls
Power
Power Watch
Rawitdawit
Region
Science
Sorosgon
Sorsogon
Sorsogon City
Sorsoson
Special
Sports
Tabaco City
Tigsik
Tips
Tourism
Trending
Trivia
Videos
virac
Weather
Weekly Roundup
Who reads Bicol Standard
Willy Bayola
World
Youth

DTI reiterates price freeze in areas under state of calamity

The Department of Trade and Industry (DTI) is reminding retailers to implement price control in areas declared under state of calamity.

Basic necessities in the Philippines
Basic necessities in the Philippines
Images via DTI
In a text message, DTI Undersecretary Victorio Mario A. Dimagiba said price freeze shall be automatically implemented in state of calamity areas, which means prices of basic necessities which include canned sardines, processed milk, bottled water, locally manufactured instant noodles, coffee, detergent soap, bread, candles, salt, rice, corn, cooking oil, fresh pork, fresh beef, fresh poultry meat, fresh and dried fish and other marine products, fresh egg, fresh milk, fresh vegetables, fresh fruits, root crops, and sugar shall maintain for the next 60 days.

Basic necessities now also include household liquefied petroleum gas (LPG) and kerosene which shall maintain their prices for the next 15 days.

The Republic Act 7581 or the Price Act penalizes illegal price manipulation such as profiteering, imposing imprisonment of five years up to fifteen years and administrative fine of Php 5,000 up to Php 1 million.

Areas which have declared state of calamity include Albay, Camarines Sur, Naga City, Catanduanes, Masbate. (PNA)

Bicol news | Albay news | Camarines Norte news | Camarines Sur news | Catanduanes news | Daet news | Iriga City news | Ligao City news | Masbate news |Masbate City news | Naga City news | Sorsogon news | Sorsogon City news | Tabaco City news | Virac news | Bicol Standard on Facebook | Bicol Standard on Youtube | Bicol Standard on Instagram | Bicol Standard on Google+ | Bicol Standard on Pinterest | Latest news in Bicol region | Bikol news | Bicol newspaper | 

Bicol Standard

Bicol news

Start typing and press Enter to search