House of Representatives (Ellson Quismorio/ MANILA BULLETIN) The House of Representatives has formed the quinta-committee (quinta-comm), which is tasked to investigate the interdependent issues of smuggling and price manipulation of basic goods and...
(MANILA BULLETIN) Members of the House of Representatives have issued a stern warning to “abusive” businessmen following the directive of Speaker Martin Romualdez to investigate the price spike on basic goods. In a joint statement on Thursday, April 25,...
President Marcos said that his administration will work on strengthening the country's agriculture programs and focus on measures that would keep basic needs affordable this 2024. File photos (Malacañang, Manila Bulletin) Marcos said this as he welcomed reports that the inflation rate dropped to...
Trade and Industry Secretary Alfredo E. Pascual has hinted of a likely increase in the suggested retail prices (SRP) on basic necessities and prime commodities (BNPCs). In a radio interview, Pascual said the agency expects that 25 percent of requests for price adjustments may be granted at...
Trade and Industry Secretary Fred Pascual started his onsite price watch with the pilot run of “Ikot Palengke” in Marikina City public market and supermarkets to tighten price and supply monitoring of basic necessities and prime commodities (BNPCs), ensure fair trading, and consumer protection...
The increasing cost of packaging materials, including tin can, was the major reason behind the price hike of basic commodities, the Department of Trade and Industry (DTI) said. Aside from this, the department stressed that the last increase on the suggested retail prices (SRPs) of basic goods was...
Prices of basic necessities and prime commodities will increase by 3 to 5 percent or P0.75 centavos to P1 per can of sardines and canned meats, a situation that will likely worsen the country’s already elevated inflation level. In a television interview, DTI Secretary Ramon M. Lopez said the...
