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Government

NO SRP INCREASES IN NOCHE BUENA PRODUCTS – LOPEZ

The Department of Trade and Industry (DTI) released the List of Suggested Retail Prices (SRPs) of Noche Buena products for the information and guidance of the consumers as the holiday season approaches. The price guide includes products such as ham, keso de bola, cheese, sandwich spread, mayonnaise, pasta—spaghetti noodles, elbow and salad macaroni, spaghetti sauce, tomato […]

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Government

DA, DTI SET SRP FOR IMPORTED PORK – DAR

Committed to stabilize food prices, particularly pork, and temper inflation, the Department of Agriculture (DA) and the Department of Trade and Industry (DTI) jointly implemented a suggested retail price (SRP) for imported pork, specifically kasim at P270/kg and liempo at P350/kg, effective April 9. “The SRP for imported pork replaces the two-month ceiling price on pork and chicken, as […]

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Government

DTI CHARGES 60 TRADERS FOR SRP VIOLATION – LOPEZ

The Department of Trade and Industry (DTI), in partnership with the Department of Agriculture (DA), has filed charges against 60 traders who violated the Republic Act 7581 or the Price Act. DTI Secretary Ramon Lopez said the two agencies have been partnering with each other to bust profiteering groups taking advantage of the many restrictions […]

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Government

PRICES OF GOODS REVERT TO SRP AFTER END OF 60-DAY NATIONWIDE PRICE FREEZE – LOPEZ

Prices of basic items have reverted to their suggested retail prices (SRPs) effective Saturday with the end of the 60-day nationwide price freeze, the Department of Trade and Industry (DTI) said. For SRPs of manufactured basic goods, these will be based on the DTI SRP bulletin dated 30 September 2019.  “The lifting of the price […]

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Government

DA, DTI, DOH REACTIVATE PRICE COUNCIL TO ENFORCE SRP – DAR

The Department of Agriculture (DA), Department of Trade and Industry (DTI), and the Department of Health (DOH) have forged an agreement to reactivate the Local Price Coordination Councils (LPCCs) to closely monitor the prices of farm and fishery products, processed goods, and medicines sold in Metro Manila and other urban centers nationwide during the Luzon-wide […]

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Government

RICE PROFITEERS TO LOSE LICENSE, FACE JAIL TIME, PAY P1M FINE – PIÑOL

Traders caught selling rice at prices higher than the government’s suggested retail price (SRP) can lose their license, face jail time, and pay a fine of up to P1 million, Agriculture Secretary Emmanuel Piñol warns. Government will start imposing the penalties on violators once the guidelines take effect, Piñol said during the launch of the […]

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Politics

RICE RETAILERS SHOULD COMPLY WITH THE SRP – PANGANIBAN

As government imposed suggested retail prices (SRP) for rice on Saturday, House Agriculture Committee chair and ANAC-Party-list Rep. Jose T. Panganiban, Jr. urged rice retailers to toe the line and help the public cope with the high cost of living. “I hope our rice retailers comply with the SRP. The problem of inflation is an […]

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Politics

DTI MUST STEP UP PRICE MONITORING EFFORTS, PUNISH ‘HEARTLESS’ PROFITEERS IN REGIONS – NOGRALES

House Appropriations Committee Chairperson Rep. Karlo “Ang Probinsyano” Nograles urged the Department of Trade and Industry (DTI) to intensify their anti-profiteering operations after skyrocketing rice prices in Zamboanga City forced the city council to pass a resolution urging the local government to place the city under a state of calamity. Nograles, who had earlier called […]