THE rate freeze on vital commodities imposed 3 years ago and has found a new lease of lifestyles after the announcement of a kingdom of national emergency across the complete u . S . A . Following the bombing incident in Mindnao, is now receiving a review at the Department of Trade and Industry (DTI).
DTI is considering whether or not it is able to be lifted in areas in which there’s in reality no unrest. According to the department, prices and deliver of synthetic fundamental items have been commonly stable earlier than and at some stage in the proclamation of the country of national emergency.
However, the charge freeze will remain in force “till we come out with the right recommendation for the president,” said the alternate secretary, Ramon Lopez, on Wednesday.
Meanwhile, DTI hasreminded stores to comply with the price freeze. Penalties for violation are excessive, which encompass a first-rate of P5,000-P1,000,000 and/or imprisonment of 1-10 years.
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