00:00Price freeze was implemented by the Department of Trade and Industry in areas that were already submerged in a state of calamity like Albay.
00:08Details in the national news of Gary Karl Carillo of Radyo Pilipinas, Albay.
00:15Due to the impact of Hurricane Christine, the Department of Trade and Industry implemented the price freeze in areas that were already submerged in a state of calamity
00:25like the province of Albay where there was a wide flood and a left-right landslide.
00:31This means that the price of the primary goods in Albay was reduced before Hurricane Christine hit.
00:39We also issued an advisory regarding the price freeze
00:46because our price act states that once an area is declared under a state of calamity, we automatically have price control, especially for basic commodities.
01:02Some of the products included in the price freeze are bread, canned food, water, coffee, instant noodles, salt, soap, and candles.
01:12The fine will reach P5,000 up to P1,000,000 that can be imposed on the traders.
01:19Here in the Albay Public Market, many will choose to implement the price freeze.
01:25Some will buy but they should be the first to buy because many people are buying.
01:33According to Acting Governor Glenda Bongao, the supply of primary goods will be sufficient until next week.
01:41The supply is still okay for the next weeks but hopefully, it won't last that long.
01:51The only problem is that because of the relief operation, rice and canned goods are running out.
02:04For now, DTI is looking into the local governments' coordination for the tight implementation of the price freeze in the province.
02:13From Radyo Pilipinas, Albay, Gary Carl Carillo for Balitang Pambansa.
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