DTI imposes price freeze on goods in Boracay
AKLAN, Philippines – The Department of Trade and Industry (DTI) has imposed a price freeze on basic commodities in 3 barangays of Boracay Island that are under a state of calamity.
The automatic price ceiling and regular monitoring of prices are pursuant to Proclamation No. 475 signed by President Rodrigo Duterte, and Republic Act 7581 or the Price Act.
Acting DTI provincial director Ma Carmen Iturralde said teams are monitoring the prices of establishments in Boracay, particularly prices of processed milk, bread, iodized salt, laundry soap, canned sardines, candles, drinking water, and instant noodles.
A price ceiling sets a maximum selling price for basic necessities or prime commodities. Those found selling goods beyond the price ceiling face imprisonment of one to 10 years, or a fine of P5,000 to P1,000,000, or both.
“The prices of these basic commodities under the jurisdiction of DTI are frozen at prevailing prices as of March 22, 2018, in affected areas in Boracay,” the DTI official said.
The DTI teams have not encountered non-compliant establishments in Boracay Island on the imposition of price freeze, which will be on effect for 60 days for basic commodities.
According to DTI, the supply of basic commodities in Boracay Island is good for three weeks to one month as of the first week of May monitoring.
With the temporary closure of Boracay, DTI-Aklan offered skills training on screen printing (t-shirts and souvenir items), siomai and kakanin making, craft making and waste recycling training for displaced workers.
Iturralde also urged the consumers to report to DTI the establishments violating the automatic price freeze, although, DTI teams are regularly deploy to monitor the prevailing prices in the island. – Rappler.com