Price freeze, ipinatupad ng DTI sa ilang pangunahing bilihin sa mga lugar na idineklara ang state of calamity

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Price freeze, ipinatupad ng DTI sa ilang pangunahing bilihin sa mga lugar na idineklara ang state of calamity
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Transcript

00:00The Department of Trade and Industry, or DTI, implemented a price freeze on some of the main cities

00:07in the areas that were declared under the State of Calamity due to the typhoons.

00:13Vell Custodio of PTV Manila reported the details.

00:19Cavite is one of the areas that were declared under the State of Calamity

00:23due to the left-over land of the Christian typhoon.

00:26That is why the price freeze was implemented on some of the main cities.

00:31In addition, it is a favor for those who will choose to stop the high prices of the main cities.

00:37Nana Jona is one of them.

00:39According to her, her business was severely affected by the Christian typhoon.

00:45We can't go to the store because the water level is high.

00:52It has been less than a week because of the heavy rains and strong winds.

00:57Some people are not able to afford the budget and the high prices now.

01:03We need to find a way to lower the prices.

01:06The price freeze is also a favor for Nana Carmen.

01:09Of course, if you can't raise the prices,

01:14Of course, when the typhoon hit,

01:17the employees lost their jobs,

01:20the businessmen lost their jobs,

01:24so it is very difficult.

01:26There is also no problem for those who sell if there is a stop to raise the prices of the goods.

01:32It is a favor for us because, of course,

01:34if there is a stop to raise the prices of the goods,

01:36we will be able to sell less.

01:43If the prices are high, we will be affected.

01:47Under the Sanguniang Panlalawigan Resolution No. 3411-2024,

01:52the price freeze in Cavite was declared as a state of calamity.

01:56It was implemented on October 24 by the Department of Trade and Industry, Cavite.

02:00Some of the products affected by the price freeze are canned food,

02:04milk, coffee, bread, instant noodles, water, salt, soap and candles.

02:11Section 6 of the Republic Act 7581, or the Price Act,

02:16stipulates that the price freeze will not exceed 60 days.

02:20First, President Ferdinand Marcos Jr. instructed the DTI

02:24to set the prices for the main goods in the event of a typhoon.

02:29The DTI also reminds that anyone who violates the price freeze

02:33will be jailed for up to 10 years or be fined Php 5,000 to Php 1,000,000

02:39from People's Television Network, Vell Custodio for national news.

Price freeze, ipinatupad ng DTI sa ilang pangunahing bilihin sa mga lugar na idineklara ang state of calamity

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Transcript

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