PRICE CHECK. Department of Trade and Industry (DTI) Secretary Alfredo Pascual conducts a random monitoring of school supplies and rice
Following the recent release of the latest “Gabay sa Pamimili ng School Supplies” project, along with the Department of Education’s “Balik Eskwela” program, the Department of Trade and Industry rolled out price check on school supplies in Divisoria, Manila to determine if the rates were within the government’s suggested retail price .
The surprise monitoring, led by the Fair Trade Enforcement Bureau , found that 22 of the 23 stores inspected conformed with the price guide. One retail store was singled out for selling an item at a price higher than the SRP.The random price monitoring was part of a nationwide campaign to enjoin retailers to comply with price guide.
Based on the Price Act, the DTI and other implementing agencies, such as the Departments of Agriculture , the Department of Health, the Department of Environment and Natural Resources, and the Department of Energy check on the prices to ensure the availability of basic necessities and prime commodities at reasonable prices at all times without denying legitimate businesses a fair return on...
According to the Consumer Act of the Philippines , manufacturers, importers, distributors, and retailers would be liable for damages caused to consumers by defective and unsafe products as well as for insufficient or inadequate information on the use and hazards.
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