DTI to release new SRPs on school supplies next month
admin • April 20, 2018 • 3242
FILE PHOTO: Notebooks
The Department of Trade and Industry (DTI) is set to release a list of suggested retail prices (SRPs) on school supplies next month to serve as guide to consumers prior to the opening of classes in June.
DTI advises consumers to shop early to avoid the sudden increase in prices of basic school supplies.
“Mamili na sila ng school supplies habang maaga pa at tsaka wag silang mag-alala nakabantay ang DTI sa lahat ng concerns ng mamimili,” DTI Undersecretary Ruth Castelo said.
(They should buy school supplies while it’s still early. Do not worry, DTI is monitoring concerns of consumers.)
It has been observed that prices of ordinary school supplies have already marked up months before classes begin. Some vendors in Nepa Q-Mart are actually planning to increase their prices.
“Lahat po halos tumaas eh, simula po sa notebook tapos sa mga pad,” school supply retailer Rose Bolaong said.
(Almost everything went up, from notebooks to pad papers.)
Meanwhile, DTI has demanded explanation from paper manufacturers for unauthorized increase in prices.
The manufacturers argued that the price of raw materials in the global market has increased; inevitably affecting the price of paper products. They promised DTI not to add to their prices this year.
“Ang increase na nagawa na nila ito na yun, wala nang karagdagang increase. This school year nag-commit na sila. Ito na iyon, for June,” Castelo said.
(This is the increase that they have made; no more additional increases. They have committed this school year. This is it for June.)
DTI is set to meet with large-scale school supply retailers to hear their side on the issue. — UNTV News & Rescue
MANILA, Philippines — The Department of Trade and Industry (DTI) is looking into the possibility of allowing the resumption of dine-in services but at 50% workforce capacity in areas under general community quarantine (GCQ).
DTI Secretary Ramon Lopez said they are planning to visit a number of restaurants and fastfood chains to check their compliance with the government’s minimum health standards and protocols in view of the current crisis brought about by coronavirus disease (COVID-19).
“Napakahalaga ng dine-in. Sa ngayon ho nabubuhay sila sa take-out and deliveries. We were told na about 70% ang revenue na nanggagaling sa dine-in, (Dine-in services are important. For now, [restaurants] are earning through take-outs and deliveries. We were told that about 70% of their revenues come from dine-in service],” Lopez noted during a Senate hearing on Thursday (May 22).
“Kapag tayo ay makumbinsi naman na safe po na kumain at mai-implement ang minimum health protocol (If we’re convinced that dining-in is already safe and minimum health protocols will be implemented), we shall allow — we will endorse the opening of dine-in,” he added.
Senator Cynthia Villar during the Senate hearing raised the idea of providing a recovery plan for restaurants particularly the small and medium enterprises (SMEs) that might close due to the COVID-19 pandemic.
MANILA, Philippines – Republic Act 7581 also known as the Consumer Price Act of 1992 aims at protecting the consumers and their rights.
One of the provisions of the law is the implementation of a Suggested Retail Price (SRP) for each of the basic commodities in the local market.
SRP is the recommended price at which the retailers sell their products and according to former Trade undersecretary now Laban Konsyumer president, Atty. Vic Dimagiba, prices of goods may be lower but not above the SRP.
“Iyon ay nagsasaad na ang presyo ng isang produkto ay makatuwiran at nararapat lamang at hindi malulugi ang negosyante at hindi naman mabigat sa consumer (It sets the price of a product into a reasonable amount acceptable to both the manufacturer or the business owner and the consumer),” Dimagiba explained.
The former Trade official said the Department of Trade and Industry (DTI) should be consistent and strict in enforcing the SRP to make sure that the prices of basic commodities go with the standard.
Anyone who will violate the law on SRP can be considered profiteering and violators may face penalties of P5,000 to P1-M.
Such a crime is akin to not placing proper price tags on goods.
Dimagiba noted the importance of price tags, as it is a way for consumers to check if the prices of goods are according to SRP.
“Kapag nakita mong above SRP bigyan mo ng show cause order ang retailer (When the price is above SRP, the retailer should be sent a show cause order),” he said.
“Pagpaliwanagin mo siya kung bakit lumampas siya doon. Kasi sukat na yung kita mo doon na hindi ka na malulugi (The retailer should explain why they went above the SRP because the profit should already be incorporated in the SRP), ” he added.
This year, several products have shown frequent mark ups, according to the group.
“Number one produkto na tumaas ang SRP kulang-kulang siguro P4.00 ang isa ay ang de latang sardinas, ang gatas, at ang kape. Itong taon na ito three to four times sila, (The primary products that showed price increase of up to P4.00 include canned sardines, milk and coffee. Just this year, there had been an increase of three to four times on these items), Dimagiba explained.
The group calls for an SRP on meat and chicken, adding that the price of rice should also drop from P38 to P40 per kilogram to a reasonable price of P32 per kilogram. MNP (with details from Rey Pelayo)
MANILA, Philippines – The prices of milk, coffee and other basic goods are expected to go up in the next few days after the Department of Trade and Industry (DTI) approved another round of increase in prices of basic commodities.
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