DTI Urges Compliance with 60-Day Price Freeze
VALENCIA CITY, Bukidnon – The Department of Trade and Industry (DTI) in Bukidnon province has urged all business establishments to strictly follow the 60-day price freeze on basic goods. This directive comes in response to the devastating flash floods that struck at least eight barangays on September 17.
Christopher Diaz, a senior specialist from DTI, emphasized the importance of the 60-day price freeze to protect consumers during this challenging period. He noted that the price freeze aims to stabilize the market and prevent unreasonable price hikes on essential commodities.
Flash Flood Impact and Government Response
The recent flash floods caused widespread damage across multiple barangays in Valencia City, disrupting daily life and supply chains. Local leaders reported that many families are still recovering from the loss of property and resources.
In light of these challenges, the 60-day price freeze on basic goods seeks to alleviate the financial burden on affected residents. Officials stressed that businesses must cooperate to ensure prices remain fair and accessible for all.
Monitoring and Enforcement Measures
DTI representatives confirmed that they will conduct regular monitoring to ensure compliance with the 60-day price freeze. Community members said that any violations will be met with appropriate sanctions to uphold consumer rights.
Diaz also encouraged consumers to report any instances of price gouging or non-compliance. This collaborative effort between authorities, businesses, and citizens is crucial to maintaining market stability during the recovery phase.
Support for Local Businesses and Consumers
Local entrepreneurs have expressed support for the 60-day price freeze, understanding its role in sustaining community welfare. Meanwhile, residents remain hopeful that this measure will help ease the financial strain brought by the natural disaster.
Officials noted that the government is also exploring additional assistance programs to complement the price freeze and aid in the swift recovery of affected barangays.
For more news and updates on the 60-day price freeze, visit Filipinokami.com.
