Wednesday, 08 August 2012 09:49
MANILA, Aug. 7 (PNA) -- President Benigno Aquino III on Tuesday ordered the Department of Trade and Industry (DTI) to monitor the prices of basic goods to prevent profiteers from taking advantage of the disruption of some deliveries because of the widespread flooding in Metro Manila and large parts of Luzon.
Presiding over a meeting at the National Disaster Risk Reduction and Management Council (NDRRMC) in Camp Aguinaldo, the President said the DTI should be on the lookout for unwarranted price increases and possible hoarding of basic commodities such as rice and sugar.
The DTI reported that prices of some wet goods have risen, including saltwater fish, which junked up by between P10 to P40.
DTI Undersecretary Zenaida Maglaya said vegetable prices have also gone up between P10 to P20.
Meanwhile, Philippine Amalgamated Supermarkets Association Inc. president Steven Cua said the prices of dry goods sold in groceries and supermarkets remain stable.
He said supermarket deliveries are affected only if prolonged rains or catastrophe affect production.
- 14/08/2012 13:52 - TEN Moves built schools for Sendong-hit Cagayan de Oro & Iligan
- 11/08/2012 00:00 - President Aquino supports FOI Bill -- Coloma
- 11/08/2012 00:00 - Drilon proposes changing school calender to prevent class disruptions
- 11/08/2012 00:00 - AFP, PNP retake Maguindanao highway from Moro rebels
- 11/08/2012 00:00 - Heavy rains is the new 'normal' says DENR chief
- 08/08/2012 09:47 - Found: Lost camera reunited with owner after three years
- 08/08/2012 09:45 - CEB slashes fares to Japan, Korea, and China for holiday season
- 08/08/2012 09:45 - Earthquakes jolts Occidental Mindoro -- Philvocs
- 08/08/2012 09:43 - Third monthly club shoot reset to Aug. 12
- 08/08/2012 09:42 - Floods overnight bring Metro Manila, nearby provinces to a halt Tuesday
Put your Feature Ad here ...