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Manila Bulletin devider Philippines devider Zamora to immediately convene MMC on SRP violations

Zamora to immediately convene MMC on SRP violations

Published Feb 10, 2023 01:58 pm

Metro Manila Council (MMC) President and San Juan City Mayor Francis Zamora on Friday, Feb. 10, said that the MMC will immediately convene to tackle the increasing number of traders and vendors who are not following the suggested retail prices (SRP) on various goods and commodities issued by the Department of Trade and Industry (DTI).

In an interview with DZBB, Zamora said: "I will make sure that we will discuss this as soon as possible. Hindi ko na hihintayin ang next meeting namin, ngayon pa lang I will coordinate with our fellow mayors and Chairman (Romando) Artes of the MMDA (Metropolitan Manila Development Authority) and see how we can coordinate with the national government agencies departments (I will make sure that we will discuss this as soon as possible. I will no longer wait for our next meeting, I will immediately coordinate with our fellow mayors and Chairman Artes of the MMDA and see how we can coordinate with the national government agencies)," Zamora said.

"Yung sinasabing hindi pagsunod, it's just a matter of creating a policy that the LGUs (local government units) and the national government can follow (The issue regarding not following the SRP, it's just a matter of creating a policy that the LGUs and the national government can follow)," he added.

The mayor also urged the public to report the vendors who are not following the SRP bulletin.

"Kapag meron kayong ganyang mga nababalitaan, huwag kayong matakot na magsabi lalo na yung mga taga San Juan. Kung meron kayong nakikita sa ating Agora Market na nagbebenta ng mga alanganing halaga eh ipaalam ninyo sa akin. You document it, you make sure na when the complaint reaches me eh meron tayong sapat na ebidenysa din para maaksyunan natin agad (If you know or receive news about this matter, please do not be afraid to inform us especially to my constituents in San Juan. If ever you see vendors or traders who are selling goods that are far beyond what the SRP bulletin allows, report it to me immediately. You document it, you make sure that when the complaint reaches me, we have enough evidence for us to take action against it)," Zamora added.

He also vowed to talk to the city's market master to ensure that the prices of basic commodities being sold in San Juan are following the SRP.

The DTI released its latest SRP bulletin on Feb. 8 on some basic commodities such as canned meat, sardines, noodles and bread, the prices of which have gone up by as much as 10 percent.

DTI Undersecretary Ruth Castelo explained that the latest SRP bulletin showed there were price increases for 76 shelf keeping units (SKUs), while 141 SKUs retained their prices from last year's August bulletin.

Castelo added that the new SRP bulletin was released following the DTI’s “long validation review and study.

“We are compelled to allow price adjustments of some manufactured BNPCs to make sure that manufacturers continue to produce these fast-moving consumer goods,” she said.

Manufacturers have previously sought for price increases on certain products due to the surging prices of raw materials and services.

On Feb. 7, the Philippine Statistics Authority (PSA) reported that the increase in consumer prices further accelerated inflation in January, defying all expectations that it had peaked last December, as food prices remained elevated, coupled with costlier utilities and housing rentals.

Headline inflation accelerated further to 8.7 percent in the first month of 2023, surpassing the Bangko Sentral ng Pilipinas’ forecast of 7.5 percent to 8.3 percent, and the government’s target range of 2.0 percent to 4.0 percent.

Based on the PSA data, the January inflation reading was the highest in over 14-years, or since the 9.1 percent recorded in November 2008. It was also higher than the 8.1 percent and 3.0 percent registered in December and January 2022, respectively.

The January inflation rate came as a surprise to government and private sector analysts who predicted that the rate of increase in consumer prices had peaked last December after accelerating for four consecutive months.

Related Tags

Inflation metro news mayor francis zamora san juan city SRP MMC
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