DTI To Crack Down On Profiteers, Hoarders Amid Covid-19

DTI To Crack Down On Profiteers, Hoarders Amid Covid-19


Globe Recreates The Way You Learn With Special Promos

Globe introduces special Go promos for students and the GoTOK series to make quality learning and self-improvement accessible for everyone online and in real life!

Roma Point Bridge Construction In Full Swing With Republic Cement Support

Expected to be the longest bridge in Calabarzon, the Roma Point Bridge, also known as the Alabat Bridge, will be 1.7 kilometers long upon completion and will connect Alabat Island to mainland Quezon province.

Specialty Pulp Manufacturing Inc. Chooses 100% Clean Energy From EDC

Agriculture-based manufacturing company SPMI is now being powered by clean, renewable, reliable energy from EDC!

1st ARISE Virtual Annual General Membership Meeting Focused On Business Resilience

ARISE Philippines discusses the need to focus on key priority areas in its advocacies on disaster risk reduction in its first virtual Annual General Membership Meeting.

Department of Trade and Industry (DTI) Secretary Ramon Lopez said the government will implement stricter measures against profiteers and hoarders amid the coronavirus disease 2019 (Covid-19) outbreak.

In a text message to reporters, Lopez said DTI has proposed to President Rodrigo Duterte to issue an executive order (EO) to go after those who put unfairly large profit on products which are in demand during this situation and those who hoard goods whether for own consumption or re-selling them for higher prices.

He said Duterte has agreed with DTI’s proposal and the EO is expected to be out “as soon as possible”.

Lopez said the EO will include measures against online sellers that are overpricing personal hygiene products.

“Online selling of masks and/or medical devices including alcohol, sanitizers, and the like will be strictly monitored and profiteering and hoarding will be dealt with,” he said.

He added that the EO will arm DTI with “visitorial powers” together with the Philippine National Police (PNP) and National Bureau Investigation (NBI) to prevent hoarding and profiteering.

“For the deputization also of NBI and PNP for police and intel support. Extra warning for online sellers for overpricing and hoarding,” Lopez said.

Edmond Ramos from Bulacan has encountered an online seller selling 500-milliliter isopropyl alcohol at PHP350 per bottle, which is only PHP75 per bottle in supermarkets.

Joe Marie Torrefiel, also from Bulacan, said he already reported to DTI an online seller that prices a box of 50 pieces of surgical masks for PHP1,700.

Consumers also shared their own experiences as they observed panic buying in supermarkets and groceries.

Arjhay Dulalia, who went for their regular shopping in a supermarket in Valenzuela City on Wednesday night, said they queued for nearly four hours in the cashier as many of the customers were buying supplies more than what they needed.

The team leader of the said supermarket in Valenzuela City told the Philippine News Agency that cashiers and other staff have to extend their working hours as customers flocked the store that day and bought supplies in larger volumes.

“We were really stressed. We had a very long queue and our workers have to extend working hours to refill stocks in preparation for the next day,” he said.

On the other hand, a supermarket in Meycauayan City, Bulacan implemented its own measure to prevent panic buying by limiting the purchase of alcohol up to two bottles per customer.

Laban Konsyumer Inc. president Victorio Mario Dimagiba said the behavior of panic buying among consumers by going to supermarkets can even cause the spread of Covid-19.

“The panic buying we are seeing violates the experts’ advice to limit social contact,” Dimagiba said in Filipino. (PNA)

Bacolod City Shares Best COVID-19 Practices With Other LGUs

Bacolod City shares its best practices in responding to the COVID-19 crisis with some LGUs in Negros Occidental and other provinces in Western Visayas.

PH COVID-19 Recoveries Now 310,303

The Department of Health also logs 2,638 new confirmed cases, bringing the total number of active cases to 42,191 on Monday.

San Carlos City Bans Non-Essential Travel

Negros Occidental indefinitely prohibits non-essential travel among its residents due to the rising cases of COVID-19.

Bello: 4K OFWs Stranded Due To PhilHealth Issue With PRC

Here's how the Philhealth issue affects Filipinos during the pandemic:

PCG Improves ‘Manual’ COVID-19 Testing For Returning OFWs

The Philippine Coast Guard has made improvements to its “manual encoding” of RT-PCR tests to ease the experience of returning overseas Filipinos.

San Carlos City Bans Non-Essential Travel

Negros Occidental indefinitely prohibits non-essential travel among its residents due to the rising cases of COVID-19.

Pope Francis Endorses Same-Sex Unions

The Pope voices out his views towards same sex marriage. Do you agree on his statements?

NFA-8 Buys More Rice From Farmers This Year

The National Food Authority in Eastern Visayas has procured 18,830 bags of palay from local farmers this cropping season, nearly triple than the volume purchased in the same harvest season last year.

Guv. Mamba Warns Of ECQ As COVID-19 Cases Spike

Cagayan Governor Manuel Mamba warns of the implementation of enhanced community quarantine in the entire province if the COVID-19 cases would continue to increase.

Mayors Want Metro Manila Under GCQ Until Dec. 31

Anong masasabi mo sa desisyon ng NCR mayors?