DTI freezes prices in areas under state of calamity

Posted at 07/16/14 4:10 PM

MANILA, Philippines - The Department of Trade and Industry on Wednesday imposed a price freeze on basic goods in areas that have been placed under a state of calamity.

As of Wednesday afternoon, a state of calamity has already been declared in Cavite, Camarines Sur, Camarines Norte, Albay and Gumaca, Quezon.

Trade Undersecretary Victorio Mario Dimagiba said the price freeze covers basic, non-agricultural necessities such as canned goods, processed milk, coffee, laundry soap, detergent, candles, bread and salt.

A price freeze means the price of these goods will remain at their prevailing price as of July 15. The price freeze will last for 60 days.

Typhoon Glenda (international name Rammasun), strongest storm to hit the country this year, shut down the Philippine capital on Wednesday.

The typhoon killed at least 16, as it barreled across Luzon, shutting government offices, schools and financial markets, and leaving 4.5 million without power.