Tag: basic commodities

DTI ready with strong sanctions for those caught overpricing basic commodities, seasonal products

(Eagle News) — The Department of Trade and Industry (DTI) warned profiteers not to take advantage of the prices of basic commodities especially those of seasonal or holiday products. The DTI even asked local government units (LGUs) and market administrators to help them pinpoint and catch those who will take advantage of the situation. Those who will be caught overpricing will be barred from continuing doing business in the country until they answer the notice […]

DTI to release SRP list of products used during holiday season, as it intensifies “producer to consumer program”

(Eagle News) — The Department of Trade and Industry is set to release on October 15 the suggested retail prices of products usually bought during holiday season. According to Undersecretary Ruth Castelo, DTI had an agreement with the manufacturing companies to temporary hold the present prices of the basic commodities until the first day of December. Castelo also advised consumers to buy goods earlier to avoid the holiday rush. Meanwhile, to help consumer in minimizing […]

Adjustments in prices of basic commodities seen this March

MANILA, Philippines (Eagle News) — The Department of Trade and Industry (DTI) has announced that there will be certain adjustments in the prices of basic commodities such as milk, coffee and canned goods in the country in March. DTI undersecretary Teodoro Pascua said that the price adjustment was due to the devaluation of the Philippine peso against the US dollar. According to Pascua, the higher base prices of skimmed milk and tin plates may be partially attributed to […]