Daily Star logoBusiness



Bacolod City, Philippines Friday, May 22, 2020
Front Page
Star Business
Opinion
Sports
Star Life
People & Events
DTI: Supply of basic
necessities still sufficient in WV
BY MARCHEL P. ESPINA

 

The Department of Trade and Industry in Western Visayas said the supply of basic necessities and prime commodities is “generally sufficient” in the region.

However, DTI Region 6 reported yesterday that there are some brands of instant noodles that are not available in some municipalities of Iloilo province. DTI also said it continues to monitor the price control compliance of business establishments in the region amid the coronavirus disease 2019 pandemic.

The DTI report said retailers in the region are compliant with the price freeze and consumers also complied with the anti-hoarding and anti-panic buying policies.

For Bacolod City, it said that there is close coordination with the local price coordinating councils and business sectors to ensure compliance with the Automatic Price Control of basic goods and agricultural supply.

In the province, DTI also reported that 410 establishments were monitored selling basic necessities and medical supplies within the Automatic Price Control.

Under Republic Act 7581, or the Price Act of the Philippines, automatic price control is implemented in areas that are proclaimed or declared under a disaster or state of calamity.

Violators will face imprisonment of not less than one year but not more than 10 years, a fine of not less than P5,000 nor more than P1 million, or both, at the discretion of the court.*

 

back to top

Business
ButtonCapitol eyeing to generate jobs
ButtonDTI: Supply of basic necessities still sufficient in WV
ButtonEmployers told to provide shuttle services to workers

Button‘Testing not mandatory’