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DTI implements price freeze in calamity areas

THE Department of Trade and Industry (DTI) once again reminded the business establishments in areas under state of calamity that there will be price freeze on basic necessities after Tropical Storm Paeng ravaged these areas.

In a statement, the DTI said it is closely coordinating with the Office of the Civil Defense on the declaration of state of calamity and the automatic price freeze measures shall apply to these basic necessities. So far, areas under the state of calamity in the country are BARMM, Albay and Pigcawayan, Cotabato.

A store in San Pedro, Laguna displays the current price of rice on Wednesday, Oct. 27, 2022, prior to the arrival of Tropical Storm ‘Paeng.’ The Department of Trade and Industry reminds business establishments in areas affected by the typhoon there is prize freeze on basic commodities in accordance to the Price Act and that any violation will be meted with corresponding penalties. PHOTO BY AARON RONQUILLO