DTI urges Mindanao LPCCs to intensify supply, price monitoring

  • June 19, 2017

CAGAYAN DE ORO CITY, June 19 --- Trade and Industry (DTI) Secretary and National Price Coordinating Council (NPCC) Chairman Ramon Lopez urged all chairpersons of the Local Price Coordinating Council (LPCC) to strengthen the supply and price monitoring in Mindanao a week after President Rodrigo ‘Rody’ Duterte declared martial law in the entire island.


In his letter, he emphasized the importance of Republic Act 7581 Section 6 (also known as the Price Act).


The law states that “Unless otherwise declared by the President, prices of basic necessities in an area shall automatically be frozen at their prevailing prices or placed under automatic price control whenever that area is declared or placed under martial law.” In line with this, the LPCC bears a major role in the implementation of price freeze and in monitoring the movement of prices and supplies in different areas under the focused island.


The Secretary’s call for urgency aims to ensure that retailers are not selling above the prevailing retail prices in their respective areas and to immediately report and recommend actions to correct sudden price hikes and supply shortages.


In Northern Mindanao, there are 98 identified chairpersons of the LPCC, most of which are governors and mayors of municipalities and cities.


Recently, the secretary personally checked the prices of goods and commodities in a number of wet markets, grocery stores and supply storages in Iligan and Cagayan de Oro cities.


He also belied reports that prices in places near Marawi City, Lanao del Sur have tripled since there were no basis for the claim.


The intensified price and supply monitoring will be sustained until the Martial Law declaration in Mindanao will get lifted. (DTI-10/PIA-10)

Other News

Mayor Beng reiterates: Avoid looking for jobs in risky areas
  • August 20, 2017
By Felipo David G. Malcampo ZAMBOANGA CITY, August 16 (PIA) – City Mayor Beng Climaco reiterated her warning to jobseekers to avoid looking for jobs in risky areas since there is plenty of employment opportunities in the city. “Please refrain from looking for work in risky areas because we have a lot of job opportunities in Zamboanga,” Mayor Climaco said during a press briefing Monday (August 14). Last month, four Zamboangueño laborers namely Jayson Vailoces, Joel Adanza, Felimon Guerrero, Jr. and Edmundo Ramos were abducted while doing construction and painting jobs in Sulu. L...Read more
DAR marks CARPER’s 8th Anniversary
  • August 20, 2017
By Alfonso T. Ruda   DIPOLOG CITY, August 16 (PIA)--- The Department of Agrarian of Agrarian Reform held a press conference with the local media in line with the department’s 8th CARPER Anniversary celebration.   According to DAR-Zamboanga del Norte PARPO II Mohammad Dassan Adju, the press conference was called to update the local media on the projects implemented by DAR in the province and to thank the media for their continuous support to its information dissemination campaign.   Adju said that apart from its regular project, presently DAR is implementing two (2) forei...Read more
Help pours for Diki fire victims in Isabela City
  • August 20, 2017
by Rene V. Carbayas   ISABELA CITY, Basilan, Aug 16 (PIA) – The Diki fire that occurred on July 30 left hundreds of victims here composed of 341 families or 1,646 individuals. They have continuously received relief goods and other assistance from different government agencies and organizations.   Zamboanga City Mayor Beng Climaco came all the way from Zamboanga City on August 4 and headed a delegation composed of Zamboanga City's Disaster Risk Reduction and Management Office and the City Social Welfare and Development Office and turned over relief assistance to the victims....Read more
DOF seeks FPI’s support behind tax reform
  • August 20, 2017
MANILA, Aug. 20 -- Finance Secretary Carlos Dominguez III has sought the support of local manufacturers behind the Duterte administration’s Comprehensive Tax Reform Program (CTRP), which, he said, would be a potent tool to encourage enterprise and boost domestic market demand, attract investors and improve the purchasing power of wage earners, and build an inclusive economy.   In a speech read for him by Finance Assistant Secretary Mark Dennis Joven, Dominguez also assured members of the Federation of Philippine Industries (FPI), which has long been partnering with the government ...Read more