THE Department of Trade and Industry (DTI) is proposing to remove 10 goods such as condiments, evaporada, condensed milk, salt, bottled water from the Suggested Retail Price (SRP) bulletin.
THE Department of Trade and Industry is proposing to remove 10 goods such as condiments, evaporada, condensed milk, salt, bottled water from the Suggested Retail Price bulletin.
By aligning the SRP with “essential daily and emergency items,” Pascual said the agency is taking a significant step towards better price stability and consumer protection. According to DTI, the proposal follows various consultations with stakeholders including the Department of Social Welfare and Development, Philippine Statistics Authority , Philippine Amalgamated Supermarkets Association, Inc. , Philippine Association of Stores and Carinderia Owners, and several retailers.
As a “key” implementing agency of the Price Act and chairman of the NPCC, the DTI is mandated to ensure price stability and adequate supply of basic necessities and prime commodities .
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