Foreign face mask suppliers sending stocks; 12 stores charge of profiteering – DTI

📆 16/1/2563 6:40:00
📰 manilabulletin

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Foreign suppliers of medical face masks have responded to the call of the Department of Trade and Industry (DTI) to immediately send stocks as supplies have been depleted.

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.

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