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PIA Press Release
2009/02/09

DTI Leyte partners with LMP Leyte for reactivation, strengthening of local price monitoring councils

Tacloban City (February 9) -- The Department of Trade and Industry is set to work for the reactivation of the Local Price Monitoring Councils in the barangays and in the municipalities, Mr. Dioscoro Molina of the DTI Leyte informed.

Mr. Molina said that DTI has already made arrangements with the League of Municipalities of the Philippines Leyte Chapter President, Mayor Roque Tiu, for the agency to attend the LMP meeting in order to advocate the idea to the mayors.

DTI Leyte is happy that LMP Leyte has agreed to partner with DTI in the endeavor. DTI will attend the LMP meeting on February 13, where DTI will call for the reactivation of the Price Monitoring Councils especially in the wake of the big national event which Leyte province is hosting, the Palarong Pambansa 2009.

The Department of Trade is allowed under RA 758, to deputize local government units as far as the implementation of the Fair Trade Laws, Mr. Molina said.

Republic Act No.7851 is an act providing protection to consumers by stabilizing the prices of basic necessities and prime commodities and by prescribing measures against under price increases during emergency situations and like occasions.

Mr. Molina said that the Department of Trade will train the members of the Price Monitoring Council on Price Watch. The businessmen for example cannot increase the prices of commodities by 10% more than the price a month ago, Mr. Molina said.

Training is necessary in order to give the members of the Council the right tool in the disposition of their duties and responsibilities, Mr. Molina added.

The move for the local government units to help in monitoring of the prices of basic goods in the public markets will definitely have the unscrupulous vendors and traders thinking twice before doing any irregularity in the market knowing that local officials are there to readily address complaints from consumers, Mr. Molina said.

The Department of Interior and Local Government, it would be recalled, has issued a memorandum circular to all provincial governors, and city and municipal mayors to re-activate their Local Price Coordinating Council. Local units which do not have a price watch council is also encouraged to organize one. (PIA 8) [top]

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