Meanwhile, the agency has already issued Notice of Violations to 12 stores for profiteering.
Profiteering occurs when a product is priced 10 percent higher than its prevailing price. These establishments were given 48 hours to explain. In the meantime, the drugstores and local suppliers were asked to divert current inventory in their branches and warehouses in non-affected areas to their stores in CALABARZON and Metro Manila while waiting for the arrival of new stocks.
When approved, the NPCC through the recommendation of the DOH and consultation with relevant stakeholders can set an SRP, if found necessary.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DTI finds 12 stores in Manila selling overpriced face masksThe Department of Trade and Industry is filing cases against 12 stores in Bambang, Manila — a popular hub for medical supplies — caught selling overpriced and substandard N95 masks meant to protect against Taal Volcano's ashfall. Shut them down
Source: CNN Philippines - 🏆 13. / 63 Read more »
DTI warns traders as masks run scarce – The Manila TimesThe Department of Trade and Industry (DTI) on Monday warned that charges would be filed against business establishments and individuals found selling face masks and basic goods at “unreasonably” high prices.
Source: TheManilaTimes - 🏆 2. / 92 Read more »
DTI finds 12 stores in Manila selling overpriced face masksThe Department of Trade and Industry is filing cases against 12 stores in Bambang, Manila — a popular hub for medical supplies — caught selling overpriced and substandard N95 masks meant to protect against Taal Volcano's ashfall. Shut them down
Source: CNN Philippines - 🏆 13. / 63 Read more »
DTI warns traders as masks run scarce – The Manila TimesThe Department of Trade and Industry (DTI) on Monday warned that charges would be filed against business establishments and individuals found selling face masks and basic goods at “unreasonably” high prices.
Source: TheManilaTimes - 🏆 2. / 92 Read more »
More face masks sent to Taal evacuees, respondersThouands of face masks, bottles of water, food packs, and medicines for respiratory illnesses were provided by a health care company and a foreign Coast Guard force to evacuees and responders in Batangas amid the Taal Volcano eruption.
Source: manilabulletin - 🏆 25. / 51 Read more »