MANILA, Philippines, July 14 (DOJ) — In a 16-page report, dated 29 June 2015, prepared by the Department of Justice-Office for Competition (DOJ-OFC), it found that the present Suggested Retail Price (SRP) mechanism as set by various government agencies removes incentives to compete on price. “SRPs are set by various government agencies especially on how retail prices are determined for basic necessities and prime commodities,” said Secretary of Justice Leila M. de Lima. “We have […]