DTI assures no price increase on holiday goods

Aileen Cerrudo   •   December 12, 2019   •   237

The Department of Trade and Industry (DTI) assures consumers that there will be no price increase on holiday goods until holiday season.

“We give the assurance sa consumers natin na kung ano iyong nasa suggested retail price bulletin na released on October 30, 2019 ito na iyong magiging presyo until after the holidays (We give the assurance to our customers that the prices listed in the suggested retail price bulletin, released on October 30, 2019, will remain until after the holidays),” DTI Consumer Protection Group Usec. Ruth Castelo said.

Earlier on Thursday (December 12), several officials of the DTI monitored prices in several markets in Quezon City. They monitored the prices of several holiday goods including ham, pasta, tomato sauce, fruit cocktail, and queso de bola.

According to Castelo, they monitored several supermarkets that have lower prices compared to the suggest retail price.

“Na-monitor natin na mayroong mga products that are lower by 10 pesos, mayroong four pesos, six pesos at hanggang piso. So malaking benefit para sa mga consumer (We have monitored several products that are lower by 10 pesos, four pesos, six pesos and even one peso. So it is a huge benefit for our consumers),” she said.

However, the DTI admitted that there are markets they can no longer monitor.

Castelo advises consumers to buy from supermarkets that the DTI have monitored.

“We encourage the consumers na doon sila bumili sa supermarkets na sigurado silang binabantayan ng DTI (We encourage the consumers to buy from supermarkets that have surely been monitored by the DTI), she said.—AAC

DTI warns establishments manipulating face mask prices

Aileen Cerrudo   •   January 15, 2020

The Department of Trade and Industry (DTI) warned establishments manipulating face mask prices amid high demand due to the high activity in Taal Volcano.

DTI Usec. Ruth Castelo said that if proven guilty of price manipulation, the establishment would have to pay a penalty up to P2 million.

This is aside from a possible suspension or revocation of their business permit.

“Profiteering is an illegal act of price manipulation under the price act, ranging from 5,000 pesos to 2 million pesos. When found to really committed profiteering, we can impose the highest penalty of 2 million,” she said.

There are 12 medical supplies stores out of the 17 inspected establishments in Bambang, Manila that are facing complaints for violating the Price Act.

The complaint is for selling overpriced surgical face masks and N95 masks.

READ: DOH orders price control on medical supplies in areas affected by Taal eruption

The Department of Health (DOH) implemented price freeze on essential medicines and medical supplies in areas affected by the Taal eruption.

Authorities also advise the public to immediately report stores and establishments that are manipulating their prices through DTI hotline: 1-384.—AAC (with reports from Rosalie Coz)

DTI warns traders against hiking prices of face masks amid Taal ash fall

Robie de Guzman   •   January 13, 2020

MANILA, Philippines – The Department of Trade and Industry (DTI) on Monday threatened to slap charges against traders who are found to have unreasonably increased their prices of N95 and other face masks amid the rising demand for these items following the eruption of Taal Volcano.

Trade Undersecretary Ruth Castelo issued the warning following reports of some retailers taking advantage of the surge in demand of face masks amid the Taal ash fall that has affected many parts of Metro Manila, Central Luzon and Calabarzon.

In Bambang, Manila, a known destination for medical supplies and equipment, prices of N95 masks and other similar items have shot up amid the rising public demand.

From P25 to P40, a piece of N95 mask now reportedly costs P150 to P300.

Read: Manila LGU calls on traders not to raise face mask prices amid Taal ashfall

Castelo said they have dispatched teams to monitor and observe the movement of retail prices of face masks in the market.

“Those found to have unreasonably increased their prices for gas masks, face masks and other similar items, which act is tantamount to profiteering, shall be dealt with to the fullest extent of the law,” she said.

“DTI will not hesitate to file administrative and criminal charges against unscrupulous business entities and individuals who capitalize on the consumers’ urgent need for their own profit,” she added.

Castelo also said that prices of manufactured basic necessities and prime commodities shall remain unchanged as of the latest DTI Suggested Retail Price Bulletin published last September 31, 2019.

No price hike for 134 holiday goods – DTI

Robie de Guzman   •   November 8, 2019

MANILA, Philippines – Prices of some products will remain unchanged in the upcoming holiday season, the Department of Trade and Industry (DTI) said on Friday.

The DTI said the suggested retail prices (SRP) of 134 holiday goods will be maintained including some brands of queso de bola, cheese, sandwich spread, mayonnaise, pasta spaghetti, elbow and salad macaroni, spaghetti sauce, tomato sauce, and creamer products.

Trade Secretary Ramon Lopez said only of few premium brands of holiday products will increase prices while brands for mass-based markets don’t usually change.

“This is due to their fear of competition and the probability of losing market share in a price-sensitive segment,” Lopez was quoted as saying in DTI statement.

The DTI chief said six products have even lowered their prices by P11.

The agency said ham manufacturers also introduced new sizes for some of their products to make it more affordable for consumers.

The SRP of these products can be found on the website of the agency at www.dti.gov.ph or at the e-Presyo mobile app.

Lopez also advised consumers to prepare and stick to their shopping list, shop early and look out for promo bundles to save money this holiday season.

“Most importantly, I advise consumers to choose the products they find value for themselves and their family. It is advised to do the Christmas grocery shopping early and avoid the holiday rush,” Lopez said.

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