Gov’t may extend price controls on basic goods

THE GOVERNMENT is considering an extension of price controls on basic and prime commodities past a soon-to-expire 60-day period in selected areas, officials yesterday said.

These may include Regions I and IV, the Cordillera Administrative Region, and parts of Metro Manila, they said.

“The question now is whether to extend the price control,” Vice-President Manuel “Noli” L. de Castro told reporters at the sidelines of a National Price Coordinating Council meeting, roughly two weeks before the ceilings are set to expire.

“It is possible [the government] will extend it in affected areas,” Mr. De Castro, the council co-chair, said.

The price cap on both basic and prime commodities — a list which includes fresh and processed food, soap, and construction materials, among others — was imposed last September 26 when the government declared a state of calamity in the aftermath of tropical storm Ondoy (international name: Ketsana).

Read More>>

Leave a Reply

Your email address will not be published. Required fields are marked *


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>