Tag page - basic good

The national government is keeping a close watch over racketeers who may take advantage of the El Niño phenomenon to manipulate the prices of basic goods and commodities. Defense Secretary Gilberto C. Teodoro, Jr. said that coordination is now being made with the Department of Trade and Industry...

Manufacturers of 15 basic goods are asking the Department of Trade and Industry (DTI) for up to 10 percent increase in their suggested retail prices (SRP). The 15 basic goods categories include canned sardines, condensed milk, evaporated milk, powdered milk, coffee refill, coffee 3-in-1, salt,...

Trade and Industry Secretary Ramon M. Lopez is not considering any price increase on basic necessities and prime commodities while big retailers also opposed price hikes as the economy is in recession. “We have not considered any price increase,” said Lopez as he clarified that although there...