By J. Jala | 11:38 AM January 06, 2022
The Municipal Price Monitoring Team in Tubigon has conducted rounds of inspections to the different business establishments in town.
Business owners of micro, small and medium enterprises (MSMEs) are also being reminded to observe the ceiling price set by the Department of Trade and Industry (DTI) on prime and basic commodities in due to the freezing of prices in relation to the declaration of the state of calamity in the Visayas and Mindanao.
DTI-Bohol has issued at least 66 show cause orders to retail establishments that have been in violation with the Price Freeze Order.
The DTI urged establishments and consumers to check price freeze bulletins through its official website and warned that those who violate the price control may face imprisonment for up to 10 years or a fine between P5,000 to P1 million.
Under Republic Act 7581 or the Price Act, the DTI is mandated to monitor the price of basic goods such as canned fish and other marine products, locally manufactured instant noodles, bottled water, bread, processed milk, coffee, candles, laundry soap, detergent, and salt.
