Presidential Communications Operations Office



  PIA Bldg, Visayas Ave, Diliman, Quezon City, Philippines
  Sunday, 22 September 2019 News Before 1 Feb 2012. Click for Latest
Web PIA  
 
home
 
about
 
fotos
 
info
 
links
 
ncrr01carr02r03calmimr05r06r07r08r09r10r11r12r13
 << September 2019 >> 
S M T W T F S
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30
Special News Editions:
English.Tagalog.Cebuano
Ilocano.Waray.Hiligaynon
Pangasinan.Other
PIA Specials:
NEW! Cabinet Officials
Jobs.Slides.Specials.Ads. Events.ASEAN.Multimedia
Visitors since 15 Feb 2011:
PIA News Archive:
English.Tagalog.Cebuano
Waray.Hiligaynon.Ilocano
Pangasinan.All
PIA Archive News Reader

PIA Press Release
2009/10/07

Capiz PPCC vows to enforce price freeze

by Jemin B. Guillermo

Roxas City (7 October) -- The Provincial Price Coordinating Council (PPCC) of Capiz is determined to enforce price control on basic commodities in the province.

In a PPCC meeting yesterday, which was presided over by Provincial Board Member Esteban Evan Contreras III, Trade and Industry Provincial Director Ermelinda Pollentes said that they have already enforced an automatic price freeze on seven basic commodities.

Pollentes revealed that commodities that have an automatic price control include canned sardines, processed milk, coffee, detergent and laundry soap, bread, salt and candle.

Pollentes also said that they have submitted to the Office of the President for approval on their recommended price ceiling for price commodities here.

On the other hand, Contreras said that close monitoring of prices of basic necessities must be done to prevent the public against unscrupulous businessmen.

The price control was implemented after President Gloria Macapagal-Arroyo has placed the entire country under the state of national calamity due to devastation wrought by tropical storm "Ondoy" on September 26.

Under Republic Act 7581or the Price Act, the President may impose a price ceiling on any basic necessity or prime commodity for not more than two months under the following conditions: whenever an area is declared a disaster area or under a state of calamity; the privilege of the writ of habeas corpus is suspended in an area; an area is placed under martial law; an area is declared to be in a state of rebellion; or a state of war is declared in an area.

Yesterday, DTI Secretary Peter Favila said that the government might lift price controls of basic goods and services even before the expiry of the 60-day implementation period if the prices stabilize.

He said that they could recommend the lifting of price control because many business firms are claiming to have incurred losses as a result of said price freeze.

While price control is still in effect, Favila said they are determined to apprehend profiteers and price manipulators. (PIA) [top]

|«  prev  next  »|
DAILY NEWS LIST:
»PGMA revisits Iloilo
»Sri Lankan solution not good for other countries, says expert
»Davao council sets summit on protected areas
»DENR XI conducts P23-M land survey
»"Musikahan" calls for 2010 participation
»Tagum launches 2nd Inter-Barangay Basketball Tournament
»BSP brings credit surety fund to North Cotabato, Davao Oriental
»ComVal takes off for pangasius development
»Feature: OMIF goes to Zamboanga
»NSO ushers NSM media awards
|«  prev  next  »|

Philippine Official Gazette | Office of the President | Presidential Communications Operations Office
For comments and feedback, please email PIA Newsdesk
Copyright © 2005 Philippine Information Agency
PIA Building, Visayas Avenue, Diliman, Quezon City 1101 Philippines