KUALA LUMPUR – Philippine President Ferdinand R. Marcos, Jr. on Monday ordered the Department of Trade and Industry (DTI) to keep prices on basic and major commodities stable until the end of the year, while directing the Department of Trade and Industry (DTI) to keep consumer prices stable during the holiday season.
Palace press officer Clarissa A. “In line with the President's order that there should be no price fluctuations ahead of the holiday season, the DTI announced that there will be no price increases on basic and major commodities in the country until the end of the year,” Castro said in Filipino.
Trade Secretary Hon. Christina A. Roque assured the palace that the private sector is cooperating with the government to stabilize prices and protect consumers from inflationary pressures during the Christmas period.
“All concerned agencies are doing their part to keep prices fair and reasonable for Filipino consumers,” Ms Castro said.
The order comes as the administration seeks to reduce price fluctuations amid rising consumer demand in the fourth quarter, traditionally one of the busiest retail periods of the year. – Chloe Marie A Hufana
