Skip to main content

DTI: No price control of prime commodities


Staff reporter
LAOAG CITY— Department of Trade and Industry (DTI) provincial director Benjamin Garcia clarified that there is no need to impose price controls of prime commodities following a hike in prices of manufactured goods due to the expected round of oil price increases.

In view of the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) law, Mr. Garcia said the cost of basic and prime commodities are likely to increase by five percent on its distribution costs due to increase in fuel.

In Laoag City, the DTI is on top of monitoring price increases of basic and prime commodities but as of now, Mr. Garcia said there is no price increase yet.

He clarified that DTI gives “suggested retail prices” and if someone goes overboard without necessary justification, these erring individuals could be charge with profiteering.

“As of the moment, manufacturers are still reviewing how much to be charge. So, as far as basic commodities like coffee, milk and soap among others are concerned, there is no increase yet,” Mr. Garcia said.

The TRAIN law is the first package of the comprehensive tax reform program (CTRP) envisioned by the administration of President Duterte, which seeks to correct several deficiencies in the tax system to make it simpler, fairer, and more efficient.

Comments

Popular posts from this blog

Free dormitories eyed for Nueva Era students in LC, Batac

 Nueva Era mayor Aldrin Garvida By Dominic B. dela Cruz ( Staff Reporter) Nueva Era , Ilocos Norte—The municipal government here, headed by Nueva Era mayor Aldrin Garvida is planning to establish dormitories in the cities of Laoag and Batac that will exclusively cater to college students from the said cities. “Sapay la kuma ta maituloyen iti mabiit tay ar-arapaapen tayo ken iti munisipyo a maipatakderan kuma dagiti annak tayo a college students nga agbasbasa idiay siyudad iti Batac ken Laoag iti libre a dormitoryo a bukod da ngem inggana nga awan pay ket an-anusan mi paylaeng nga ibaklay kenni apo bise mayor iti pagbayad da iti kasera aggapu iti bukod mi a suweldo malaksid dagitay it-ited iti munisipyo ken iti barangay nga stipend da kada semester, ” Garvida said.    Garvida added that the proposed establishment of dormitories would be a big help to the students’ parents as this would shoulder the expenses of their children for rent and likewise they would feel more secured

Empanada festival: A celebration of good taste and good life

By Dominic B. dela Cruz & Leilanie G. Adriano Staff reporters BATAC CITY—If there is one thing Batac is truly proud of, it would be its famous empanada-making business that has nurtured its people over the years. Embracing a century-old culture and culinary tradition, Batac’s empanada claims to be the best and tastiest in the country with its distinctive Ilokano taste courtesy of its local ingredients: fresh grated papaya, mongo, chopped longganisa, and egg. The crispy orange wrapper and is made of rice flour that is deep-fried. The celebration of this city’s famous traditional fast food attracting locals and tourists elsewhere comes with the City Charter Day of Batac every 23 rd  of June. Every year, the City Government of Batac led by Mayor Jeffrey Jubal Nalupta commemorate the city’s charter day celebration to further promote its famous One-Town, One Product, the Batac empanada. Empanada City The Batac empanada festival has already become an annua

P29 per kilo rice sold to vulnerable groups in Ilocos region

BBM RICE. Residents buy rice for only PHP29 per kilo at the NIA compound in San Nicolas town, Ilocos Norte province on Sept. 13, 2024. The activity was under a nationwide pilot program of the government to sell quality and affordable rice initially to the vulnerable sectors. (Lei Adriano) San Nicolas , Ilocos Norte —Senior citizens, persons with disability, and solo parents availed of cheap rice sold at PHP29 per kilogram during the grand launching of the Bagong Bayaning Magsasaka (BBM) Rice held at the National Irrigation Administration compound in San Nicolas, Ilocos Norte province on Sept. 13, 2024. “ Maraming salamat Pangulong Ferdinand R. Marcos Jr. sa inyong pagmamahal sa Region 1 lalong-lalo na sa bayan namin sa San Nicolas,” said Violeta Pasion, a resident Brgy.   18 Bingao in this town. The low-priced grains were sourced from the National Irrigation Administration’s (NIA) contract farming with irrigators' association members in the province. Along with Pasion, Epi