Price freeze in Naga City takes effect


DTI-7 Regional Director Asteria Caberte announcing the price freeze increase in Naga City during the presscon held October 1, 2018. (fcc) 

CEBU CITY, October 1 (PIA) – The Department of Trade and Industry issued a price freeze in all goods and commodities in the City of Naga today.

Citing the recent massive landslide which affected thousands of Nagahanons, DTI Regional Director Asteria Caberte said they are issuing today the price freeze notice in all commodities and necessities.

The order was given on the first day of the observance of the Consumer Welfare Month.

Caberte said the order was pursuant to a provision of the Price Act (Republic Act 10623) which states that prices of basic necessities in an area proclaimed or declared a disaster area or under a state of calamity or under emergency, shall automatically be frozen at their prevailing prices or placed under automatic price control.

She cited as an example when roads are blocked preventing the flow of goods, chances are that stores in the area will increase their prices.

She said the price freeze will run for 60 days.

“Any violator, may be obliged to pay as high as P1 million and be imprisoned for one year,” Caberte said.

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The order is given to City of Naga Mayor Kristine Vanessa Chiong who is expected to have these distributed in the entire city.

The basic necessities include canned goods, detergents and laundry products, dairy, noodles and bottled water.

On September 21, the Cebu Provincial Board passed a resolution declaring City of Naga under state of calamity.

The public is enjoined to report violators to the Consumer Protection Division through telephone number 2550037.

A landslide hit Barangay Tinaan on September 19 with an area of 80 hectares and covering almost 30 residential houses, properties of the National Grid Corporation of the Philippines (NGCP), and Apo Cement of Mexico (APOCEMEXCO).

The area is said to be near the quarrying area of APOCEMEXCO.

As of press time, 67 were accounted dead and eight remains missing while almost 10,000 individuals were evacuated.

APO has been operating in Naga for more than a hundred years.(fcc/PIA7-Cebu)

Source: PIA Feed