MANILA - The Department of Trade and Industry (DTI) tightens its surveillance and monitoring activities to ensure compliance among commercial establishments and supermarkets amid rise in prices of goods. The DTI, through its Consumer Protection and Advocacy Bureau (CPAB), officially released last Aug. 12 the updated suggested retail price (SRP) for basic necessities and prime commodities (BNPCs) as well as school supplies, taking into consideration the price of raw materials and distribution costs. "The main function of the SRP bulletin is to inform and guide retailers and consumers, protect them from deceitful or unconscionable transactions, and give consumers the freedom to choose the product they prefer at a price they can afford," DTI Secretary Alfredo Pascual said in a statement Thursday. The DTI, as one of the implementing agencies of the Price Act (Republic Act No. 7581), as amended, with the DTI Secretary as the chairperson of the National Price Coordinating Council (
A mass test for hundreds of workers at the Sheung Shui slaughterhouse will be conducted on Sunday, with results due the next day and operations set to resume on Wednesday.
PHUKET: The Phuket Provincial Commercial Office has launched a series of 10 markets selling red pork, eggs and chicken at cheap prices to help counter rising prices for the fresh produce across the is
POWER SOURCE. With no power supply after the onslaught of Typhoon Odette, localities in southern Negros Occidental resorted to generator sets (gensets) as source of electricity. The Department of Trade and Industry is closely monitoring prices of necessities and prime commodities, including gensets, to ensure the price freeze is enforced.(Photo courtesy of Sipalay City LGU) BACOLOD CITY - The Department of Trade and Industry (DTI) has warned business establishments in Negros Occidental against violating the price freeze as they could be held liable for taking advantage of consumers in the wake of Typhoon Odette. Engiemar Tupas, senior trade and industry development specialist of DTI-Negros Occidental, said on Wednesday all stores in the province should observe a price freeze since a state of calamity has already been declared in Negros Occidental. "We are conducting a monitoring of prices of basic necessities and prime commodities, including generator sets (gensets)," he adde