Quantcast
Channel: UNTV News
Viewing all articles
Browse latest Browse all 18481

DTI welcomes measures granting more power to agencies to temper inflation

$
0
0

 

DTI Secretary Ramon Lopez | DTI Photo

MANILA, Philippines — The Department of Trade and Industry (DTI) and other agencies now holds more authority to adopt measures that could lower the price of basic goods through the memorandum and administrative orders signed by President Rodrigo Duterte.

Under the Memorandum Order No. 26, the Department of Agriculture (DA) and the DTI are directed to adopt measures to reduce the gap between farm gate prices and retail prices of agricultural products such as setting up public outlets and cold storages where poultry producers can directly sell their products to consumers.

DTI said helping farmers and manufacturers directly deliver their products to retail outlets can help lower prices and remove intermediary layers.

The agency cites as an example the prices of chicken and pork that may be lowered by P20 per kilogram while canned goods and vegetables by one to two pesos.

“Yung producers ng manok, ng gulay, baboy mga agricultural products diretso na sa isang outlet para sa mga consumers na mas accesible sa kanila wala na masyadong trade layers yung mga patong na sinasabi natin,” said DTI Undersecretary Ruth Castelo.

DTI also welcomed the signing of Administrative Order No. 13 which removes non-tariff barriers and streamlines administrative procedures on the importation of agricultural products such as rice and meat.

“Kapag nabawasan ang procedure mababawasan ang cost malaki ang maitutulong na mapababa ang presyo,” said Castelo.

DTI is also given the power to create a surveillance team together with the Philippine National Police to monitor agricultural products and curb hoarding practices.

The National Food Authority (NFA) and the Bureau of Fisheries were also authorized by the President to import additional rice and fish supply when necessary even if it is beyond the minimum access volume.

And to lower the import cost, DTI and DA are ordered to improve logistics, transport, storage and distribution of agriculture and fishery products under the Memorandum Order No. 27.

The orders of the president, aim at taming the country’s inflation, are effective immediately. — Mon Jocson | UNTV News & Rescue

The post DTI welcomes measures granting more power to agencies to temper inflation appeared first on UNTV News.


Viewing all articles
Browse latest Browse all 18481

Trending Articles


Girasoles para colorear


mayabang Quotes, Torpe Quotes, tanga Quotes


Tagalog Quotes About Crush – Tagalog Love Quotes


OFW quotes : Pinoy Tagalog Quotes


Long Distance Relationship Tagalog Love Quotes


Tagalog Quotes To Move on and More Love Love Love Quotes


5 Tagalog Relationship Rules


Best Crush Tagalog Quotes And Sayings 2017


Re:Mutton Pies (lleechef)


FORECLOSURE OF REAL ESTATE MORTGAGE


Sapos para colorear


tagalog love Quotes – Tiwala Quotes


Break up Quotes Tagalog Love Quote – Broken Hearted Quotes Tagalog


Patama Quotes : Tagalog Inspirational Quotes


Pamatay na Banat and Mga Patama Love Quotes


Tagalog Long Distance Relationship Love Quotes


BARKADA TAGALOG QUOTES


“BAHAY KUBO HUGOT”


Vimeo 10.7.0 by Vimeo.com, Inc.


Vimeo 10.7.1 by Vimeo.com, Inc.