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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 freezes prices in typhoon-hit areas in Central Luzon== | |||
*Source: http://www.pia.gov.ph/?m=1&t=1&id=57961 | |||
*By: Carlo Lorenzo J. Datu | |||
*''October 07, 2011 | |||
Hoarders and vendors who take advantage of the situation beware! Or suffer the consequesnces of heavy fine or imprisonment. DTI Central Luzon information officer Wilfred 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. | |||
The Department of Trade and Industry (DTI) regional office 3 on Thursday said a freeze in the prices of basic goods is now in effect in seven areas in Central Luzon which have been declared under a state of calamity due to typhoons Pedring and Quiel. | |||
The seven areas are: Dinalupihan, '''Bataan'''; Olongapo city; Aurora; Bulacan; Nueva Ecija; Pampanga; and Tarlac. | |||
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. | |||
==Bataan offered as site for coal plant in Subic== | ==Bataan offered as site for coal plant in Subic== | ||
*Source: http://newsinfo.inquirer.net/65517/bataan-offered-as-site-for-coal-plant-in-subic | *Source: http://newsinfo.inquirer.net/65517/bataan-offered-as-site-for-coal-plant-in-subic | ||