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DTI eyes to rationalize list of basic goods, prime commodities

File photo MANILA - After issuing the new suggested retail prices (SRPs) for basic goods and prime commodities, Department of Trade and Industry (DTI) Secretary Alfredo Pascual plans to review and streamline the list. Pascual told reporters Friday that he wants to rationalize the SRP list, focusing on products that are mostly purchased by the general public. "For example, 'yong mga water in big containers, hindi naman 'yon binibili ng mga mass base na population. Binibili nila, mga 300 (milliliters). 'Yon ang binabantayan namin ang increase. Pero 'yong mga five gallons, bihira bumibili noon. Kaya I was thinking na baka 'yon, pwede naming i-exclude (For example, the water in big containers, these are not being bought by the mass base population. They buy the 300 (milliliters). That's what we are monitoring for the increase. But the five gallons, those are rarely bought. So I was thinking that maybe, we can exclude it)," he said. The new SRPs of basic go

DTI approves SRP hike of 73 basic, prime goods

MANILA - The Department of Trade and Industry (DTI) released Thursday the updated suggested retail prices (SRPs) of basic necessities and prime commodities, approving SRP increments for 73 units. Data provided by DTI listed basic goods and prime commodities that hiked their SRPs, which include canned sardines, processed milk, bread, instant noodles, salt, detergent soap, bottled water, candles, processed canned meat and canned beef products, toilet soap, and battery. Out of 73 shelf keeping units (SKUs), 20 items have an SRP increase of 1 to 5 percent. These include 3 SKUs of canned sardines, four SKUs of instant noodles, four items of detergent soap, three bottled water, one processed canned meat and canned beef, two units of toilet soap, and three SKUs of battery. More SKUs have hiked their SRPs between 6 and 10 percent with 43 units in the list, including canned sardines (2), processed milk (7), bread (2), salt (6), detergent soap (2), bottled water (4), candles (8), processed canne

Detailed text transcripts for TV channel - FOXNEWS - 20150920:16:50:15

Detailed text transcripts for TV channel - FOXNEWS - 20150920:16:50:15
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