- Home
- Ten...
Ten items to be cut from SRP list – DTI
THE Trade Department is planning to reduce the number of items with suggested retail prices (SRP) in a bid to make the list more relevant.
"By aligning the SRP with essential daily and emergency items, we are taking a significant step toward better price stability and consumer protection," Trade Secretary Alfredo Pascual said on Wednesday.
Ten items are set to be delisted: condensed milk, condensada, evaporated milk, evaporada, coffee refills, candles, salt, bottled water, condiments and batteries.
To be retained, meanwhile, are sardines, powdered milk, bread, laundry soap, instant noodles, processed and canned pork, beef and poultry meat, and toilet soap.
The decision followed consultations with other concerned agencies, including the Department of Social Welfare and Development and the Philippine Statistics Authority, and private sector groups such as the Philippine Amalgamated Supermarkets Association Inc. and Philippine Association of Stores and Carinderia Owners along with several retailers.
Data from the Philippine Statistics Authority's Family Income and Expenditure Survey and the consumer price index basket of commodities, along with a list of the top-selling items in sari-sari stores, were also considered.
The Trade Department monitors and issues a regular SRP bulletin that serves as a guide to consumers in purchasing basic necessities and prime commodities.
By streamlining the bulletin, the department said that it would be "more focused and informative, rather than confusing." The suggestion was said to have been made during a special meeting of the National Price Coordinating Council (NPCC) on June 27, 2024.
A technical working group will finalize the proposal, and the updated list of stock-keeping units is expected to be released in a month, the department said.
As a key implementing agency of the Price Act and head of the NPCC, the Trade Department is mandated to ensure price stability and adequate supply of basic goods.
Section 10 (5) of the Price Act provides that implementing agencies can issue suggested reasonable retail prices for any or all basic goods under their jurisdiction. The information will serve as a guide for producers, manufacturers, traders, retailers and consumers.
- https://www.msn.com/en-ph/news/money/ten-items-to-be-cut-from-srp-list-dti/ar-BB1plYs1?ocid=00000000
Related
Marcos urges AFP to remain vigilant amid regional threats
MANILA, Philippines — President Ferdinand Marcos Jr. urged the Armed Forces of the Philippines (AFP) to remain vigilant amid the emerging regional threats, particularly in the West Philippine Sea. During his visit to the headquarters of the 11th Infantry Division in Camp Teodulfo Bautista in Jolo, Sulu on Friday, the President said the government carried out organizational change, especially creating a task force with a maritime force and the...
NewsDelta Airlines makes menu change after flight that left dozens sick
Delta Airlines is now serving only one meal item to international travelers after a plane made an emergency landing as passengers fell sick due to moldy food.
NewsNBA: Franz Wagner sign largest contract in Orlando Magic history
Franz Wagner has agreed to the largest contract in Orlando Magic history, a five-year extension that will be worth at least $224 million, a person with knowledge of the negotiations told The Associated Press on Friday. The contract value could reach $270 million if he becomes supermax eligible, said the person who spoke on condition of anonymity because the agreement cannot yet be announced. The NBA offseason moratorium on such moves gets lifted...
NewsCountermeasures against Chinese 'aggression' in WPS
Last of two parts THIS article presents the second half of proposed countermeasures against Chinese aggression in the West Philippine Sea (WPS). The Philippines has exhausted the utility of filing diplomatic protests against China, which have proven largely ineffective in deterring further incursions. The previously discussed countermeasures form part of the "porcupine" strategy, a military and geopolitical approach typically employed by smaller...
NewsChina 'monster ship' kept watch over PCG vessel in Escoda Shoal - monitor | INQToday
WATCH: West Philippine Sea monitor Ray Powell says the China Coast Guard's biggest vessel "kept watch" over the Philippine Coast Guard's BRP Teresa Magbanua in Escoda Shoal.
NewsStop deported Chinese criminals from returning to PH -- Hontiveros| INQToday
WATCH: Sen. Risa Hontiveros says the Philippines and China should have discussed ways to make certain that deported Chinese criminals deported can't return to the Philippines ever again.
NewsThird 'Alice Guo' applied for clearance in Quezon City -- NBI| INQToday
WATCH: The National Bureau of Investigation says there is a third "Alice Guo" in their records, but her fingerprints did not match that of the mayor's.
NewsSEC warns public vs 'investment' firm
THE Securities and Exchange Commission (SEC) advised the public not to invest in an unregistered and unlicensed company that has been promising high returns for locked-in investments through social media. The advisory was prompted by reports and information that individuals representing Safe District Enterprise, whose proprietors were said to be Rexon Cortez and Lovely Charisma Cortez, had been enticing the public via the Messenger app to invest...
News