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Difference between revisions of "Bataan News"
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<center>[[Bataan Province, Philippines|<font size=4>'''Province of Bataan'''</font>]] - [[Bataan Archived News|<font size=4 color=green>'''Archived News'''</font>]]</center> | <center>[[Bataan Province, Philippines|<font size=4>'''Province of Bataan'''</font>]] - [[Bataan Archived News|<font size=4 color=green>'''Archived News'''</font>]]</center> | ||
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==DTI 3 implements price freeze in Bataan== | |||
*Source: http://www.pia.gov.ph/?m=1&t=1&id=58510 | |||
*By: Carlo Lorenzo J. Datu | |||
*''October 11, 2011 | |||
Department of Trade and Industry (DTI)-3 on Monday said a freeze in the prices of basic goods is now in effect in the entire province of Bataan plus six other areas which have been declared under a state of calamity due to typhoons Pedring and Quiel. | |||
Areas earlier placed under price freeze are: Olongapo city, Aurora, Bulacan, Nueva Ecija, Pampanga, and Tarlac. | |||
DTI Central Luzon information officer Wilfred Carbonell explained that, “under a state of calamity, an automatic price control is implemented as contained in Section 6 of RA 7581 otherwise known as the Price Act as a preventive measure to avoid chaos that may result from overpricing of basic goods such as processed milk, canned goods, coffee, laundry soap, detergent, candles, bread and salt during times of calamities.” | |||
Hence, the prices of basic goods in the mentioned areas excluding agricultural products should remain in their pre-Pedring levels. | |||
Carbonell added that, “upon declaration of state calamity by the local government, a price control can be implemented for the duration of 60 days unless lifted sooner by either the local sanggunian or by the President of the Republic of the Philippines.” | |||
Also, local governments and provincial DTI offices can adjust prices to reflect additional operational costs or the costs of bringing the products in the market. | |||
However, this still needs the approval of either the National Price Coordinating Council or the President. The adjusted prices must be published in newspapers of national circulation. | |||
Carbonell warned businessmen of the penalty for profiteering in prize freeze areas – up to P1 million in fines and/or imprisonment of one to five years. | |||
If the case is hoarding, violators can face up to P2 million in fines and/or imprisonment of five to 15 years. | |||
==Longtime legislator Foy dies at 96== | ==Longtime legislator Foy dies at 96== | ||
*Source: http://www.lcsun-news.com/las_cruces-news/ci_19074153 | *Source: http://www.lcsun-news.com/las_cruces-news/ci_19074153 | ||