About Us | Contact Us | Archive | Privacy Guidelines | Terms of Service
Today's date is:
 

BUSINESS NEWS & INFORMATION
Stable prices seen on manufactured basic and prime goods
Posted by Yel Cobile, IT Admin & Correspondent on February 12, 2016, 11:44 am

(By the Dept of Trade & Industry, 12 Feb 2016)

The Department of Trade and Industry (DTI) has seen stable prices of non-agricultural basic necessities and prime commodities since the start of the year, based on the regular price monitoring activities that the agency has been conducting.

DTI’s price monitoring arm, the Fair Trade Enforcement Bureau (FTEB), monitored a total of 218 supermarkets and groceries in the National Capital Region (NCR) and all of which were found to be selling within the Suggested Retail Prices (SRPs) set by the manufacturers of basic and prime goods.

According to the price monitoring report of the FTEB, cement and flour remained at their prevailing prices while some brands of basic and prime goods have increased in price by P0.10 to P3.00 but still remained within the SRP level. These are Alpine Evaporated Milk, Nescafe Classic Coffee Refill 50g, Surf Bar Calamansi, Surf Bar Blue, Lucky Me Instant Noodles Chicken and Beef Flavors, Safeguard White, Absolute Distilled Bottled Water, and Summit and Viva Mineralized Bottled Water.

Meanwhile, other brands have registered a decrease in price by P0.05 to P1.60 such as Alaska Powdered Milk Drink, Nescafe Classic Coffee Refill 25g, Speed Bar Detergent Soap, Argentina Corned Beef, Silver Swan Vinegar, Silver Swan Soy Sauce, and Natures Spring Purified Bottled Water.

Even for products with no SRPs, the DTI has monitored that these goods remained at their prevailing prices. Although, some brands increased by P0.10 to P4.50 but majority lowered in price by P0.10 to P2.05.

"Our monitoring data reflects that competition is at play in the market given the increases and decreases in the prices of some brands of manufactured basic and prime goods. Nevertheless, we assure the consuming public that these movements are still within the SRP level. Likewise, the retailers’ full compliance with the SRPs is an even greater assurance for our consumers that the products being offered in the market are sold at reasonable prices," said DTI-Consumer Protection Group (CPG) Undersecretary Atty. Victorio Mario A. Dimagiba.

Further to the price monitoring efforts of the DTI, the DTI-CPG’s Consumer Protection and Advocacy Bureau (CPAB) is concurrently conducting dialogues with various manufacturers of basic and prime goods to discuss their prices and to make a review for possible adjustments relative to the substantial drop in oil prices.

It can be recalled that these dialogues resulted from the proceedings of the National Price Coordinating Council (NPCC) Meeting that was convened last 22 January 2016.


LOCAL WEATHER & NEWS
Your Link to the regional weather outlook for Tacloban, Leyte, Philippines
HEADLINE NEWS  >>
 
NATION NEWS   >>
 
MAASIN CITY   >>
 
SOUTHERN LEYTE   >>
 
TACLOBAN   >>
 
ORMOC  >>
 
SAMAR  >>
 
LEYTE   >>
 
OPINION  >>
 
THOUGHTS FROM ABROAD  >>
 

ADVERTISEMENTS

Your Link to Webionic Designs & Internet Solutions

Your link to Ampil Pensione Online Information
SPONSORS

Your Link to MaasinCity.Com Website
 ON THE INTERNATIONAL FRONT
Immigration >>
MEGAN YOUNG CROWNED MISS WORLD 2013, September 28, 2013, 10:25 pm

7,000 OFWs in Jeddah seek repatriation, August 21, 2012, 8:10 pm

Migration is good, May 1, 2012, 6:12 am

Kuwait Filipinos top OAV globally, April 30, 2012, 6:41 am

Cathay offloads 'unruly' consul, April 24, 2012, 9:04 pm

OFW >>
Thousands of OFWs leave Saudi, March 22, 2016, 11:05 am

Scrap terminal fees for OFWs, court asked, October 29, 2014, 6:57 pm

OFWs take risks in Libya, August 5, 2014, 9:35 am

MEGAN YOUNG CROWNED MISS WORLD 2013, September 28, 2013, 10:25 pm

OFW PERKS BENEFITING THE ECONOMY, October 7, 2012, 9:01 am

Life Abroad >>
Thousands of OFWs leave Saudi, March 22, 2016, 11:05 am

MEGAN YOUNG CROWNED MISS WORLD 2013, September 28, 2013, 10:25 pm

7,000 OFWs in Jeddah seek repatriation, August 21, 2012, 8:10 pm

Migration is good, May 1, 2012, 6:12 am

Headlines >>
 
 
 
 © Copyright 2014-2015 The Reporter and its licensors.  All rights reserved.
      Web programming and Internet presence by Webionic.Com
About Us | Contact Us | Archive | Privacy Guidelines | Terms of Service