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PIA Press Release
2009/10/05

DTI to Bacolod retailers: Follow price ceiling cap

Bacolod City (5 October) -- Department of Trade and Industry Provincial Director Rebecca Rascon appealed to business men here to comply with the Automatic Ceiling Price (APC) for basic necessities following President Gloria M. Arroyo's announcement putting the entire nation under the State of National Calamity.

Rascon also called on the on consumers to be vigilant and report incidents of violation by presenting the receipts of items purchase as proof and file a complaint at the DTI office.

As Negros Occ. and Bacolod City government convene their respective Local Price Monitoring and Coordinating Councils, DTI monitoring team showed that supermarkets here are complying with the APC.

She said there is no reason for businessmen to increase price as the province was not affected by the ravages of typhoons "Ondoy" and "Pepeng" as Luzon was and other parts of the country.

Those found violating the order will face grave penalty ranging from a fine of P500, 000 to P2M and imprisonment from five to 10 years.

The APC will remain for two months or beyond depending on the discretion of President Arroyo.

DTI held an emergency meeting with local traders here over the weekend to discuss the move of the president under Proclamation Number 1898. Retailers assured Rascon that they have enough supply of basic commodities such as sardines, coffee milk and soap. (PIA-LOL) [top]

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