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NPCC retains price freeze
The National Price Coordinating Council (NPCC), chaired by the Department of Trade and Industry (DTI), recommends to retain the price freeze over basic necessities after a meeting held today at the Board of Investments Building in Makati City. Reports presented by the Departments of Agriculture, Energy, Health, Environment and Natural Resources, and the DTI reflect stable prices and adequate supply of basic goods before the State of National Emergency was declared and even now while it is still in effect. “For the past few months, we have been observing that competition is at play even in the Mindanao region. Seeing stability in the market amidst the declaration of State of National Emergency, the Council is recommending a status quo on the implementation of price freeze,” DTI-Consumer Protection Group (CPG) Undersecretary Atty. Teodoro C. Pascua says. It can be recalled that Proclamation No. 55 was issued by the President declaring the entire country under State of National Emergency due to lawlessness in Mindanao. Due to this, price freeze over basic goods is automatically implemented pursuant to Republic Act (RA) No. 7581 or the Price Act, as amended by RA 10623. This is in effect for sixty (60) days for basic goods, while fifteen (15) days for household LPG and kerosene, from the date of declaration or until sooner lifted by the President. “Price freeze on basic goods remains to be in effect except for the 15-day price freeze on household LPG and kerosene which already ended last 19 September 2016. With respect to Batanes, price freeze on all basic goods are still in effect due to the declaration of State... read moreTrade chief: bank on Pinoy’s ingenuity, craftmanship Meets industry players of handicrafts and furniture
PASAY CITY—Filipinos’ artisanship and craftsmanship in modern designs remain the strength of handicraft and furniture industries, according to Department of Trade and Industry (DTI) Secretary Ramon Lopez, in his remarks during the 2nd Philippine Homestyle Congress on 23 September. During his engagement with the Philippine Chamber of Handicraft Exporters and Artisans, Inc. (PCHEAI), the Association of Handicraft Exporters (AHE) and the Chamber of Furniture Industry of the Philippines (CFIP), Sec. Lopez urged industry players to bank on the “highly-skilled, highly-trainable workforce that showcases Filipinos’ ingenuity” amidst stiffer market competition. He also assured stakeholders of handicraft and furniture industries that the government continues to spearhead initiatives to help them excel at local and international levels. The trade chief noted that both industries are dominated by micro, small and medium enterprises (MSMEs), a sector, which is a priority of President Rodrigo Duterte’s inclusive growth agenda, as well as of DTI’s Trabaho at Negosyo thrust. “We are committed to infuse an entrepreneurial mindset among MSMEs that will trigger the kind of entrepreneurship that is idea-based, demand-driven and innovation-led,” Sec. Lopez said. He outlined government initiatives, through the Philippine Trade and Investment Centers (PTICs), the Design Center of the Philippines (DCP) and the Center for International Trade Expositions and Missions (CITEM), on the handicraft industry including strengthening trade activities, technology sharing and networking with local and foreign businessmen and other design-related institutions. He also said that e-commerce through online shops is the new platform to promote MSME products. Countries with high e-commerce penetration among consumers include the UK, Germany, Korea, USA, France, UAE, Australia and Canada, where another PTIC will be opened in... read more
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