price freeze

Ensure Supply, Prices of Goods in Typhoon-Hit Areas – Sen. Bam to DTI, LGUs

Senator Bam Aquino has called on concerned government agencies, led by the Department of Trade and Industry (DTI), to strictly monitor the supply and prices of basic goods, especially in areas devastated by Typhoon Mario.

“Ensuring supply and prices will keep unscrupulous traders who might take advantage of the situation in check,” said Aquino, chairman of the Senate Committee on Trade, Commerce and Entrepreneurship.

Aquino also urged the local government units to closely coordinate with the DTI in monitoring businesses in typhoon-hit areas.

“I also urge the public to report businessmen who will unjustly hold supply and jack up prices in typhoon hit areas so they can be investigated and prosecuted to the full extent of the law if guilty,” said Aquino.

According to latest reports, Mario has affected 258,976 families or 1,160,050 people in 1,126 barangays in Ilocos, Cagayan Valley, Central and Southern Luzon, Bicol, Central Visayas, Cordillera, and Metro Manila.

The death toll remained at 11 with 12 injured and two still missing while at least 81 roads and six bridges remained impassable in Ilocos, Central Luzon, and Metro Manila.

In addition, the lawmaker called on the Department of Public Works and Highways (DPWH) to speed up the repair of damaged roads and other infrastructure so as not to hamper the delivery of goods to typhoon-hit areas.

Usually, Aquino said prices of basic products in areas devastated by typhoons and other calamities increase because of supply problems.

In addition, Aquino said Republic Act No. 7581 or the Price Act imposes an automatic price freeze in areas placed under state of calamity to ensure that goods remained at prevailing prices until the state of calamity is lifted.

Among the products covered by the price freeze are basic non-agricultural necessities, including canned fish and other canned marine products, processed milk, coffee, laundry soap, detergents, candles, bread, and salt.

Also included in price freeze are fresh vegetables, roots crops, sugar, cooking oil, firewood, charcoal and medicine classified as essential by the Department of Health.

Ensure Supply of Food in Typhoon-Hit Areas – Sen. Bam to DTI, LGUs

 

Senator Bam Aquino called on the Department of Trade and Industry (DTI) and local government units (LGUs) to ensure supply of basic goods and other important commodities in areas devastated by typhoon Glenda to avoid hike in prices.

“We must ensure that there’s enough supply of basic goods and other commodities in areas severely damaged by the recent typhoon, especially in the Bicol region,” said Aquino, chairman of the Senate Committee on Trade, Commerce and Entrepreneurship.

“Usually, prices of basic products in areas devastated by typhoons and other calamities increase because of supply problems,” added Aquino.

Aquino also reminded businesses in areas placed under a state of calamity to abide by the 60-day price freeze imposed by the DTI.

 These areas are Obando, Bataan, Muntinlupa, Cavite, Camarines Norte, Camarines Sur, Albay, and Gumaca, Quezon.

Under Republic Act No. 7581 or the Price Act, an automatic price freeze is imposed in areas placed under state of calamity to ensure that goods remained at prevailing prices until the state of calamity is lifted.

“The clearing of roads due to fallen trees and other debris is crucial to the delivery of goods to typhoon stricken areas. We call on communities to help out our agencies to ensure our thoroughfares are passable,” Aquino added.

Aquino said among the products covered by the price freeze are basic non-agricultural necessities, including canned fish and other canned marine products, processed milk, coffee, laundry soap, detergents, candles, bread, and salt.

Also included in price freeze are fresh vegetables, roots crops, sugar, cooking oil, firewood, charcoal and medicine classified as essential by the Department of Health.

A fine of up to P1,000,000 and a maximum 10-year jail sentence await violators of the Price Act.

“The Price Act ensures availability of basic necessities and prime commodities at reasonable prices at all times without denying legitimate business a fair return on investment,” the senator said.

In addition, the lawmaker also appealed to businessmen to keep the cost of construction and building materials as a way of helping those rebuilding their homes destroyed by the typhoon.

Recently, Sen. Aquino has filed a bill seeking to establish emergency depots to combat hoarding, price manipulation and inflation during calamities.

In his Senate Bill No. 2215, Aquino said that emergency depots will provide survivors of natural or man-made calamities quick access to affordable basic goods and other prime commodities.

“Community depots will ensure that goods in the market would be available to avoid hoarding in affected areas and protect survivors from price manipulation during times of crisis,” said Aquino.

 

Photo source: Inquirer.net

 

 

Enforce Price Freezes — Sen. Bam

Amid the massive flooding caused by Typhoon Maring, Senator Bam Aquino reminds the Deparment of Trade and Industry (DTI) and local government units (LGUs) to strictly enforce the price freezes that are up in areas under a state of calamity.
“Once an area has been declared to be under a state of calamity, a price freeze should automatically be in effect,” points out Aquino, who chairs the Senate Committee on Trade and Commerce.
“Naiintindihan po natin na may kakulangan talaga sa supply ngayon, pero kailangan po nating alalahanin ang kapakanan ng nakararami.”
“Nakikiusap po tayo sa mga tindahan at vendors na huwag naman maging mapanamantala sa oras ng kalamidad,” Aquino adds.
The lawmaker likewise advises the public to be vigilant against unscrupulous traders who take advantage of the calamity and jack up their prices.
Reports may be made through the DTI Consumer Protection Hotline at (02) 751-3330.
Sen. Aquino also calls on the Department of Public Works and Highways (DPWH) and the Metro Manila Development Authority (MMDA) to ensure that repairs to damaged roads and public infrastructure be completed “as soon as possible” in order to normalize the flow of goods.
Photo source: Rappler.com
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